The Saudi Telecom Group «STC) announced the achievement of the highest annual revenue in its history, amounting to 38.66 billion riyals (10.3 billion dollars), with a rise in net profit, during the six -month period by 13.38 percent, compared to the similar period of the previous year, to reach 7.4 billion riyals (1.99 billion dollars).
Sustainable growth and the spending efficiency program contributed to the high profits … here is our financial results for the period ending June 30, 2025 pic.twitter.com/s401KSXTQI
– Stc Group (@STC) July 27, 2025
According to the company’s disclosure to the Saudi financial market (Tadawul), profit increased before consumption, firefighting, benefits, zakat and taxes (EBITDA), during the same period, by 6.10 percent to 12.2 billion riyals (3.28 billion dollars).
Commenting on these results, the group’s CEO, Eng. Alyan Al -Witid, said that the group continued to achieve distinguished results thanks to its commitment to its strategy and success in seizing the opportunities available in the communications and information technology sector. He pointed out that the focus on financial discipline and the enhancement of the efficiency of capital management were essential factors in supporting business stability, raising the group’s readiness to keep pace with variables, and expanding future growth paths with confidence and sustainability.
According to the information issued by STC, these efforts were reflected in the financial performance, as the group recorded, during the first half of this year, a 2.1 percent growth in revenue, and a rise in total profit by 6.6 percent, compared to the same period last year.
The spending efficiency program effectively contributed to enhancing operational and financial efficiency, which positively reflected the company’s performance, as profit was recorded before consumption, extinguishing, benefits, zakat and taxes by 6.1 percent, and an increase in the profit margin by 3.9 percent to 31.8 percent.
The company pointed out that this led to a concrete increase in net profit by 13.4 percent, to 7.5 billion riyals (two billion dollars).
Al -Witid added that the increasing demand for the services of the group reflects the growing confidence with the efficiency of its digital solutions, noting that the number of STC Bank customers exceeded three million customers, in a short period since its launch early in 2025, which indicates the rapid growth in adopting digital banking services, and embodies the growing role of the group in developing the financial services sector.
As part of its endeavor to enhance its position in the communications and information technology sector, the STC group signed a number of strategic agreements; Among the most prominent of which is a partnership with the company “Oracle” with a value of more than two billion riyals (533 million dollars), aimed at accelerating the pace of digital transformation in the Kingdom, by developing an advanced cloud infrastructure supported by artificial intelligence, and providing sovereign cloud solutions through the “Oracle Alloy” platform, which is hosted by CENTER3 data centers.
It is noteworthy that the group obtained the “A” classification, in the latest reviews of the “Morgan Stanley Capital International” index (MSCI) for environmental, social and governance practices, reflecting its commitment to the best local and international standards.
