stc group introduced its interim monetary outcomes for the interval ended 30 June 2026.
- Income for the 6 months interval of 2026 reached SAR40,110 million, with a progress of three.8% as in comparison with the comparable interval final yr.
- Gross Revenue for the 6 months interval of 2026 reached SAR19,637 million, with a rise of 5.3% as in comparison with the comparable interval final yr.
- Working Revenue for the 6 months interval of 2026 reached SAR7,771 million, with a rise of seven.8% as in comparison with the comparable interval final yr.
- Earnings earlier than Curiosity, Taxes, Zakat, Depreciation and Amortization (EBITDA) for the 6 months interval of 2026 reached SAR12,968 million, with a rise of 5.5% as in comparison with the comparable interval final yr.
- Web Revenue for the 6 months interval of 2026 elevated by %6.3 as in comparison with the comparable interval final yr after excluding the non-recurring objects.
- stc distributes SAR0.55 per share for the 2nd quarter of 2026, in accordance with the dividends distribution coverage accredited by Normal Meeting, amounting to a payout of SAR2.7 billion to shareholders.
Commenting on the outcomes for the primary half of 2026, stc group CEO Eng. Olayan bin Mohammed Alwetaid affirmed that the monetary outcomes demonstrated robust monetary and operational efficiency, alongside continued progress in executing the group’s strategic priorities. This sustained progress displays the power of the group’s enterprise mannequin, the resilience of its operations and its strong monetary place, enabling it to efficiently execute its long-term technique and ship sustainable worth to shareholders.
He added that the group delivered robust monetary efficiency throughout the first half of 2026, with internet revenue rising by 6.3% after excluding non-recurring objects in each the present and corresponding intervals of the earlier yr. He famous that income grew by 3.8%, contributing to a 5.5% enhance in earnings earlier than curiosity, taxes, zakat, depreciation and amortisation (EBITDA), whereas the group’s internet revenue for the second quarter exceeded the common monetary analysts’ estimates by 4%.
Alwetaid additionally highlighted the continued operational effectivity mirrored within the progress of the subscriber base and enlargement of the community. The variety of stc cell costumers within the Kingdom reached 30.3 million, up 4.8% in contrast with the corresponding interval of the earlier yr, whereas the variety of mounted costumers elevated by 3.0% to succeed in 6.1 million.
He additionally said that the variety of 5G towers elevated to 12,12K, whereas the variety of households related to the fibre-optic community rose by 5.2% to succeed in 3.87 million in contrast with the identical interval of the earlier yr. These indicators replicate rising demand for the group’s providers and its continued funding within the digital infrastructure required to assist future progress.
Through the Hajj season, stc group continued its function as a digital enabler serving pilgrims by means of an built-in ecosystem of connectivity providers and AI-powered digital options. This enabled the group to accommodate report ranges of knowledge visitors whereas making certain the best ranges of community readiness and uninterrupted digital providers throughout the Holy Websites.
In strategic partnerships, stc group signed an settlement with ROSHN Group to develop impartial fibre-optic community infrastructure for the upcoming phases of the SEDRA neighborhood in Riyadh, reflecting the group’s function in supporting main residential developments throughout the Kingdom. Beneath the settlement, stc group will construct and deploy a fibre-optic community that allows all telecommunications service suppliers to ship dependable providers by means of shared infrastructure, thereby enhancing operational effectivity.
The group additionally continued implementing the memorandum of understanding signed with HUMAIN to determine a three way partnership by means of center3, one in all stc group’s subsidiaries. The extension of the memorandum displays the size and strategic significance of the venture and permits each events to finish the related regulatory and operational necessities, with the purpose of concluding the remaining negotiations and finalizing the three way partnership settlement. The group additionally made notable progress by means of its strategic partnership with AST & Science, LLC (AST SpaceMobile), which goals to supply satellite tv for pc communication providers utilizing direct-to-device connectivity expertise.
Moreover, stc group continued to efficiently execute its technique for STC Financial institution, as mirrored within the financial institution’s sustained enterprise progress, increasing buyer base, and rising deposits and funding portfolios. These developments contributed to income progress and enhanced profitability, whereas the financial institution continued to supply built-in digital banking providers and a particular buyer expertise.
stc group additionally remained targeted on executing and scaling its digital technique to reinforce worth creation throughout the group, leading to quite a few achievements throughout its key enterprise segments. Among the many most notable was the launch of stc cloud, powered by Oracle Alloy, because the Kingdom’s first sovereign cloud resolution. The launch goals to speed up digital transformation and strengthen knowledge sovereignty.
The platform combines superior world applied sciences with totally native operations and governance, whereas making certain compliance with relevant laws within the Kingdom. This launch displays stc’s dedication to delivering superior digital options and main the Kingdom’s nationwide digital transformation.
stc group additional strengthened its sustainable influence by means of the publication of its seventh annual Sustainability Report for 2025, reflecting the group’s dedication and progress in environmental motion, human capital growth, governance and accountable enterprise practices. The group additionally achieved an AA ranking within the 2025 MSCI ESG evaluation.
The group additionally continued to fulfil its nationwide function in supporting and growing native content material within the Kingdom by means of the rawafed program. It ranked first within the Native Content material Award for Giant Enterprises for the third consecutive yr. The award is organized by the Native Content material and Authorities Procurement Authority. stc group achieved an area content material ratio of fifty.69%.
It’s price noting that stc group maintained its robust monetary place, mirrored within the affirmation of its credit score scores at “A+ with a steady outlook” by Commonplace & Poor’s (S&P) and Fitch Scores, “Aa3 with a steady outlook” by Moody’s, and “AAA with a steady outlook” by (Tassnief). These scores replicate the group’s management within the telecommunications sector and the power of its monetary place.
