stc introduced on Sunday the corporate’s preliminary monetary outcomes for the interval ending at 30 June 2025:
- Revenues for the 6 months interval of 2025 reached
38,660 million with a rise of 2.09% as in comparison with the comparable interval final 12 months. - Gross Revenue for the 6 months interval of 2025 reached 18,658 million with a rise of 6.61% as in comparison with the comparable interval final 12 months.
- Working Revenue for the 6 months interval of 2025 reached 7,207 million with a rise of two.28% as in comparison with the comparable interval final 12 months.
- Earnings earlier than Curiosity, Taxes, Zakat, Depreciation and Amortization (EBITDA) for the 6 months interval of 2025 reached 12,289 million with a rise of 6.10% as in comparison with the comparable interval final 12 months.
- Internet Revenue for the 6 months interval of 2025 reached 7,472 million with a rise of 13.38% as in comparison with the comparable interval final 12 months.
- stc distributes 0.55 per share for the twond quarter of 2025, in accordance with the dividends distribution coverage permitted by Normal Meeting.
Commenting on the outcomes, Eng. Olayan Alwetaid, CEO of stc Group, acknowledged that the Group continued to ship wonderful efficiency by way of its dedication to its technique and success in capitalizing on out there alternatives throughout the ICT sector. He identified that the give attention to monetary self-discipline and enhancing the effectivity of capital administration had been key components in supporting enterprise stability, enhancing the Group’s readiness to adapt to adjustments, and increasing into future development avenues with confidence and sustainability. This was mirrored within the Group’s monetary efficiency, as stc achieved income development of two.1% throughout the first six months of the 12 months, and a rise in gross revenue by 6.6%, in comparison with the identical interval final 12 months. Moreover, the Price Effectivity Program contributed successfully to enhancing operational and monetary effectivity, which positively impacted the corporate’s efficiency, leading to EBITDA development of 6.1% with a rise in EBITDA margin by 3.9% to achieve 31.8%, which in flip led to a notable enhance in internet revenue by 13.4%, reaching 7.5 billion.
The GCEO additionally emphasised that the rising demand for the Group’s providers is a testomony to the neighborhood’s belief within the effectivity of its digital options. This was demonstrated by the variety of STC Financial institution clients surpassing three million inside a brief interval since its launch in the beginning of 2025, reflecting the accelerated development within the adoption of digital banking providers and embodying the Group’s rising function in creating the monetary providers sector.
Moreover, the GCEO praised the large efforts made by the Kingdom to offer a secure and comfy setting for pilgrims and its steady dedication to facilitating Hajj rituals and enhancing the standard of providers offered to pilgrims. He additionally affirmed stc Group’s dedication to contributing to the success of the Hajj season by way of the deployment of the most recent applied sciences and digital options, together with superior AI options, which the Group carried out to spice up community effectivity throughout the holy websites. Throughout the season, the Group offered report web speeds serving greater than 1.6 million pilgrims and offered providers to 1.49 million stc community customers, which led to distinctive outcomes, as stc’s community recorded the best visitors hour in its historical past in Muzdalifah, with a 64% enhance in knowledge utilization and a 129% surge in 5G community visitors in comparison with the earlier 12 months. In the meantime, the consumer expertise index rose by 25%, underscoring the community’s capacity to help one of many world’s most important mass crowd actions.
As a part of its efforts to increase protection and supply high-speed connectivity in each city and distant areas to bridge the digital divide and make sure the supply of dependable high-quality communication providers, stc’s 5G community now covers greater than 9,500 websites throughout the Kingdom. The Group has additionally continued to boost its community technically by activating the low-frequency spectrum (600 MHz – N71) not too long ago acquired, changing into the primary operator within the area to activate this band commercially. This allows customers in peripheral areas to entry superior communication providers and high-speed connections, due to its superior protection and penetration capabilities. As well as, stc has adopted the 5G standalone expertise, which permits full utilization of superior 5G options resembling diminished latency and customised service high quality by way of community slicing. This marks a pivotal step in enabling many important sectors and strengthening the Kingdom’s place in adopting and creating cutting-edge international applied sciences.
In step with its dedication to sustaining its management within the fields of telecommunications and data expertise, stc Group signed a number of strategic agreements over the previous interval. Within the discipline of cloud computing, the Group signed a partnership settlement with Oracle for a worth of greater than 2 billion, aimed toward accelerating digital transformation throughout the Kingdom, by way of the event of superior AI-powered cloud infrastructure and the availability of sovereign cloud options through the Oracle Alloy platform, hosted at center3’s knowledge facilities. Moreover, stc signed a strategic partnership with Singtel Group to collaborate throughout a number of areas, together with digital platform integration, creating human capabilities, IoT options and growth of subsea cable programs. These partnerships contribute to strengthening stc’s place as a complete digital supplier throughout the area.
Lastly, stc Group launched its sixth Sustainability Report for the 12 months 2024, which showcases the progress made throughout sustainability, environmental and social duty, and governance. The report additionally highlights the Group’s efforts to boost environmental efficiency and human capital improvement by way of digital innovation and upholding the ideas of efficient governance and moral excellence. In recognition of those efforts, stc’s ESG score was upgraded from “BBB” to “A” within the newest MSCI rankings, reflecting the Group’s dedication to adopting the best native and worldwide sustainability requirements and practices. These initiatives reaffirm the Group’s function as a key enabler of the nationwide economic system by supporting job creation, enterprise development, expertise and talent enhancement, neighborhood well-being and the development of digital infrastructure. stc Group stays dedicated to advancing its sustainability efforts and persevering with to maximise its constructive affect on society, the setting and the economic system by adopting sustainability ideas throughout its numerous enterprise areas.
