stc group announced its interim financial results for the period ended 30 June 2026. Revenue for the 6 months period of 2026 reached SAR40,110 million, with a growth of 3.8% as compared to the comparable period last year.Gross Profit for the 6 months period of 2026 reached SAR19,637 million, with an increase of 5.3% as compared to the comparable period last year.Operating Profit for the 6 months period of 2026 reached SAR7,771 million, with an increase of 7.8% as compared to the comparable period last year.Earnings before Interest, Taxes, Zakat, Depreciation and Amortization (EBITDA) for the 6 months period of 2026 reached SAR12,968 million, with an increase of 5.5% as compared to the comparable period last year.Net Profit for the 6 months period of 2026 increased by %6.3 as compared to the comparable period last year after excluding the non-recurring items.stc distributes SAR0.55 per share for the 2nd quarter of 2026, in accordance with the dividends distribution policy approved by General Assembly, amounting to a payout of SAR2.7 billion to shareholders.Commenting on the results for the first half of 2026, stc group CEO Eng. Olayan bin Mohammed Alwetaid affirmed that the financial results demonstrated strong financial and operational performance, alongside continued progress in executing the group’s strategic priorities. This sustained progress reflects the strength of the group’s business model, the resilience of its operations and its solid financial position, enabling it to successfully execute its long-term strategy and deliver sustainable value to shareholders.He added that the group delivered strong financial performance during the first half of 2026, with net profit increasing by 6.3% after excluding non-recurring items in both the current and corresponding periods of the previous year. He noted that revenue grew by 3.8%, contributing to a 5.5% increase in earnings before interest, taxes, zakat, depreciation and amortisation (EBITDA), while the group’s net profit for the second quarter exceeded the average financial analysts’ estimates by 4%.Alwetaid also highlighted the continued operational efficiency reflected in the growth of the subscriber base and expansion of the network. The number of stc mobile costumers in the Kingdom reached 30.3 million, up 4.8% compared with the corresponding period of the previous year, while the number of fixed costumers increased by 3.0% to reach 6.1 million.He also stated that the number of 5G towers increased to 12,12K, while the number of households connected to the fibre-optic network rose by 5.2% to reach 3.87 million compared with the same period of the previous year. These indicators reflect growing demand for the group’s services and its continued investment in the digital infrastructure required to support future growth.During the Hajj season, stc group continued its role as a digital enabler serving pilgrims through an integrated ecosystem of connectivity services and AI-powered digital solutions. This enabled the group to accommodate record levels of data traffic while ensuring the highest levels of network readiness and uninterrupted digital services across the Holy Sites.In strategic partnerships, stc group signed an agreement with ROSHN Group to develop neutral fibre-optic network infrastructure for the upcoming phases of the SEDRA community in Riyadh, reflecting the group’s role in supporting major residential developments across the Kingdom. Under the agreement, stc group will build and deploy a fibre-optic network that enables all telecommunications service providers to deliver reliable services through shared infrastructure, thereby enhancing operational efficiency.The group also continued implementing the memorandum of understanding signed with HUMAIN to establish a joint venture through center3, one of stc group’s subsidiaries. The extension of the memorandum reflects the scale and strategic importance of the project and enables both parties to complete the relevant regulatory and operational requirements, with the aim of concluding the remaining negotiations and finalizing the joint venture agreement. The group also made notable progress through its strategic partnership with AST & Science, LLC (AST SpaceMobile), which aims to provide satellite communication services using direct-to-device connectivity technology.Additionally, stc group continued to successfully execute its strategy for STC Bank, as reflected in the bank’s sustained business growth, expanding customer base, and growing deposits and investment portfolios. These developments contributed to revenue growth and enhanced profitability, while the bank continued to provide integrated digital banking services and a distinctive customer experience.stc group also remained focused on executing and scaling its digital strategy to enhance value creation across the group, resulting in numerous achievements across its key business segments. Among the most notable was the launch of stc cloud, powered by Oracle Alloy, as the Kingdom’s first sovereign cloud solution. The launch aims to accelerate digital transformation and strengthen data sovereignty.The platform combines advanced global technologies with fully local operations and governance, while ensuring compliance with applicable regulations in the Kingdom. This launch reflects stc’s commitment to delivering advanced digital solutions and leading the Kingdom’s national digital transformation.stc group further strengthened its sustainable impact through the publication of its seventh annual Sustainability Report for 2025, reflecting the group’s commitment and progress in environmental action, human capital development, governance and responsible business practices. The group also achieved an AA rating in the 2025 MSCI ESG assessment.The group also continued to fulfil its national role in supporting and developing local content in the Kingdom through the rawafed program. It ranked first in the Local Content Award for Large Enterprises for the third consecutive year. The award is organized by the Local Content and Government Procurement Authority. stc group achieved a local content ratio of 50.69%.It is worth noting that stc group maintained its strong financial position, reflected in the affirmation of its credit ratings at “A+ with a stable outlook” by Standard & Poor’s (S&P) and Fitch Ratings, “Aa3 with a stable outlook” by Moody’s, and “AAA with a stable outlook” by (Tassnief). These ratings reflect the group’s leadership in the telecommunications sector and the strength of its financial position.
