stc Group introduced right now the corporate’s preliminary monetary outcomes for the interval ending on 31 March 2026:
Revenues for the first quarter of 2026 reached19,939 million with a progress of three.8% as in comparison with the comparable quarter final yr.
Gross Revenue for the first quarter of 2026 reached9,772 million with a rise of seven.4% as in comparison with the comparable quarter final yr.
Working Revenue for the first quarter of 2026 reached3,978 million with a rise of 11.0% as in comparison with the comparable quarter final yr.
Earnings earlier than Curiosity, Taxes, Zakat, Depreciation and Amortization (EBITDA) for the first quarter of 2026 reached6,557 million with a rise of seven.1% as in comparison with the comparable quarter final yr.
Internet Revenue for the first quarter of 2026 reached3,696 million with a rise of 12.0% as in comparison with the comparable quarter final yr after excluding the non-recurring objects.
stc distributes0.55 per share for the first quarter of 2026, in accordance with the dividends distribution coverage permitted by Normal Meeting.
stc group CEO Eng. Olayan Alwetaid said that the group started 2026 with sturdy operational and monetary momentum, efficiently translating the group’s technique into tangible progress and reinforcing its function within the digital economic system. Within the first quarter, the group achieved a 3.8% enhance in income, 7.1% EBITDA progress, and an increase in web revenue (after excluding non-recurring objects) by 12% in comparison with the identical quarter final yr. These outcomes display a strong enterprise mannequin and an efficient stability between investments alternatives, operational effectivity, and digital infrastructure improvement, supporting sustainable and aggressive long-term progress.
The GCEO highlighted the group’s continued execution of its technique to broaden regional digital infrastructure by way of the Silklink undertaking. This initiative, in partnership with the Syrian Sovereign Fund and an funding of3 billion, goals to implement telecommunications infrastructure in Syria. The undertaking is a major step towards constructing a cross-border digital ecosystem by growing superior infrastructure that connects Syria regionally and internationally by way of a fiber-optic community of over 4,500 kilometers, in addition to knowledge facilities and worldwide submarine cable touchdown stations. This strengthens stc’s function in supporting regional digital connectivity and creates new alternatives for progress and growth in telecommunications and digital providers.
Additional, stc supported hundreds of thousands of Riyadh Season guests with superior telecommunications and digital providers, demonstrating environment friendly service supply throughout peak intervals. The group additionally confirmed excessive readiness throughout Ramadan by serving Umrah performers and guests to the Two Holy Mosques by way of enhanced infrastructure and elevated operational capability, assembly rising knowledge and voice visitors calls for. Throughout Ramadan, web knowledge visitors rose by greater than 21% on the Grand Mosque and over 40% on the Prophet’s Mosque year-on-year, with 5G accounting for over 48% of visitors. These outcomes spotlight the effectivity of stc’s digital infrastructure and its capability to offer dependable, high-quality connectivity to guests worldwide.
To advance native content material and nationwide capabilities, the group enhanced its function in constructing a resilient and sustainable digital ecosystem by localizing applied sciences, growing provide chains, and enabling nationwide companions. In 2026, the group participated within the Non-public Sector Discussion board and signed a number of agreements to spice up native content material, broaden provider networks, and assist nationwide companions in workforce coaching and technological development. These efforts strengthened native digital industries, superior the telecommunications and IT sector, and improved world competitiveness.
On the institutional excellence and innovation entrance, the group continued to cement its digital maturity by embedding greatest practices in knowledge governance, which allow innovation, enhance enterprise effectivity, and assist dependable decision-making. This progress was acknowledged by two knowledge governance awards obtained throughout the Center East, reflecting stc’s achievements in constructing a sophisticated digital ecosystem.
The GCEO concluded that within the first quarter of 2026, the group demonstrated its capability to execute its technique, obtain targets, and strengthen its management in telecommunications and expertise. This maximized its contribution to the nationwide and digital economic system and enhanced its societal impression. The group’s efforts reinforce its function as a key associate in digital transformation throughout the Kingdom and area, in alignment with Saudi Imaginative and prescient 2030.
