stc group announced preliminary financial results for the fiscal year ending June 2026.
• Revenue increased during the six months of 2026, reaching 40.11 billion, an increase of 3.8% year-on-year.
• Total profit for the six months of 2026 increased, reaching 19.637 billion, an increase of 5.3% year-on-year.
• Operating profit for the six months of 2026 increased, reaching 7.771 billion, an increase of 7.8% year-on-year.
• Earnings before depreciation, amortization, interest, zakat and tax (EBITDA) increased in the six months of 2026, reaching $12.968 billion, an increase of 5.5% year-on-year.
• Net income for the six months of 2026 increased by 6.3% year-on-year, excluding non-recurring items.
• In accordance with the dividend policy approved by the General Meeting, a dividend of 0.55 shares per share will be paid in the second quarter of 2026, resulting in total profits distributed to shareholders of $2.7 billion.
Commenting on the Group’s performance for the first half of 2026, stc Group CEO, Eng. Olayan bin Mohammed Al Wataid confirmed that the financial results showed solid financial and operational performance and continued progress in the implementation of strategic priorities. This continued progress reflects the strength of the Group’s business model, operational flexibility and financial position, enabling it to successfully implement its long-term strategy and achieve sustainable value for shareholders.
He added that the group recorded strong financial performance in the first half of 2026, with net profit excluding non-recurring items increasing by 6.3% for the period and the same period last year, noting that the financial results showed a 3.8% increase in revenue, which contributed to a 5.5% increase in profit before depreciation, amortization, interest, zakat and tax, and a 5.5% increase in the group’s net profit in the second quarter. Analysts expected a 4% rise.
Al-Wataid also highlighted the growth of the customer base, network expansion and continued operational efficiency as the number of STC mobile customers in the Kingdom reached 30.3 million, an increase of 4.8% year-on-year, and the number of fixed-line customers increased by 3.0% to 6.1 million. It pointed out that the number of fifth generation (5G) towers has increased to 12,120,000 towers, and the number of households connected to fiber optic networks has reached 3.87 million, an increase of 5.2% year-on-year. These indicators reflect growing demand for the Group’s services and continued investment in digital infrastructure to support future growth.
During the Hajj period, stc Group continued its role as a digital enabler, serving pilgrims through an integrated system of communication services and digital solutions supported by artificial intelligence. This helped absorb record amounts of data traffic while ensuring the highest level of network readiness and continuity of digital services in the Holy Land.
In terms of strategic partnerships, stc Group has signed an agreement with Roshan Group to develop a neutral infrastructure of fiber optic networks for the next phase of the Sidra community in Riyadh, a step that reflects the group’s role in supporting large-scale housing projects in Saudi Arabia. With this agreement, the Group will build and implement a fiber network that will enable all telecommunications service providers to provide reliable services through a shared infrastructure, improving operational efficiency.
The group also proceeded to extend the memorandum of understanding it signed with HUMAIN to establish joint projects through “one of the group’s subsidiaries”, Center3 Company. The extension of the Memorandum of Understanding reflects the scale of the project and its strategic importance and will also enable the parties to complete relevant regulatory and operational requirements with a view to completing the remaining negotiations to complete the joint project agreement. The group also made significant progress by entering into a strategic partnership with AST SpaceMobil (AST & SCIENCE, LLC) to provide communication services via satellite using direct communication technology with smart devices.
Similarly, stc Group continued to successfully execute its strategy with respect to STC Bank, reflected in the continued growth of its banking business through the expansion of its customer base and increase in its deposit and investment portfolio, helping the bank to increase revenue and improve profitability by offering integrated digital banking services and an outstanding customer experience.
stc Group also remained focused on implementing its digital strategy and expanding its scope to strengthen value creation at Group level, which was reflected in a number of achievements achieved in various key business areas. One of the most notable of these achievements is the launch of stc Cloud, supported by Oracle Alloy, as the Kingdom’s first sovereign cloud solution, aimed at accelerating the pace of digital transformation and strengthening data sovereignty. The platform also combines the latest global technology, fully local operations and governance, while ensuring compliance with regulations in force in Saudi Arabia. The launch reflects stc’s commitment to providing advanced digital solutions and leading the national digital transformation in the Kingdom.
stc group has strengthened its sustainable impact by publishing its 7th annual sustainability report for 2025. This report reflects the Group’s efforts and progress in the areas of environmental action, human resource development, governance and responsible business practices. Meanwhile, the group achieved an AA rating in the 2025 MSCI ESG Rating.
The group also continued its national role through the Rawafed program to support and develop local content in the Kingdom, winning first place for the third consecutive year in the Local Content Award for Major Companies organized by the Local Content and Government Procurement Authority, achieving a local content percentage of 50.69%.
Notably, stc Group maintains a strong financial position, which is reflected in the affirmation of its ratings by Standard & Poor’s (S&P) and Fitch with an ‘A+ Stable Outlook’, by Moody’s with an ‘Aa3 Stable Outlook’, and by the Tasniev Rating Agency with a ‘AAA Stable Outlook’. These credit ratings reflect the Group’s leadership in the telecommunications sector and the strength of its financial position.
stc Group has announced preliminary financial results for the fiscal year ending June 2026.
• Revenue increased during the six months of 2026, reaching 40.11 billion with a year-on-year growth rate of 3.8%.
• Gross profit for the six months of 2026 increased, reaching 19.637 billion, an increase of 5.3% year-on-year.
• Operating profit for the six months of 2026 increased, reaching 7.771 billion, with a year-on-year growth rate of 7.8%.
• Earnings before interest, taxes, depreciation and amortization (EBITDA) increased in the six months of 2026, reaching 12.968 billion, an increase of 5.5% year-on-year.
• Net income for the six months of 2026 increased 6.3% year over year after excluding non-recurring items.
• Pursuant to the profit distribution policy approved by the General Meeting, a dividend of 0.55 per share will be paid in the second quarter of 2026, bringing the total dividend to shareholders to $2.7 billion.
STC Group CEO, Eng., commented on the Group’s performance for the first half of 2026: Aliyan bin Mohammed Al-Wutayd confirmed that the financial results demonstrate strong financial and operational performance and continued progress in implementing strategic priorities. This continued progress reflects the strength of the Group’s business model, the resilience of its operations and the robustness of its financial position, enabling it to successfully implement its long-term strategy and achieve sustainable value for its shareholders.
He further added that the group recorded a strong performance in the first half of 2026, with net profit excluding non-recurring items increasing by 6.3% in the current and year-ago period, noting that the financial results showed revenue growth of 3.8%, contributing to a 5.5% increase in EBITDA, and that the group’s net profit in the second quarter was 4% higher than analysts’ expectations.
Mr. Al Utaid also mentioned the expansion of the customer base, network expansion and continued operational efficiency as the number of STC mobile customers in the Kingdom reached 30.3 million, an increase of 4.8% year-on-year, and the number of fixed-line customers reached 6.1 million, an increase of 3.0%. He pointed out that the number of 5G towers increased to 12,120 towers and the number of households connected to fiber optic networks reached 3.87 million households, an increase of 5.2% year-on-year. These indicators reflect growing demand for the Group’s services and continued investment in digital infrastructure to support future growth.
During the Hajj season, stc Group continued its role as a digital enabler serving the Guests of Allah through an integrated system of communication services and digital solutions supported by artificial intelligence. This ensured the highest level of network readiness and digital service continuity in the Holy Land while accommodating record data traffic growth.
In terms of strategic partnership, stc Group has signed an agreement with Roshun Group to develop a neutral fiber optic network infrastructure for the upcoming phase of the Sidra community in Riyadh. This is a step that reflects the group’s role in supporting large-scale housing projects in Saudi Arabia. With this agreement, the Group will build and implement a fiber network that will enable all telecommunications service providers to provide reliable services through a shared infrastructure, improving operational efficiency.
The Group also extended the Memorandum of Understanding signed with HUMAIN and established a joint venture through Company Center 3, one of the Group’s subsidiaries. The extension of the Memorandum of Understanding reflects the scale and strategic importance of the project and will enable both parties to complete relevant regulatory and operational requirements with a view to finalizing the remaining negotiations to complete the joint venture agreement. The Group also made significant progress through its strategic partnership with AST SpaceMobil, LLC, aimed at providing satellite communication services using direct communication technology with smart devices.
In this context, stc Group continued to successfully implement its strategy regarding STC Bank. This was reflected in the continued growth of the banking business through an expanded customer base and increased deposit and investment portfolio, contributing to increased revenue and improved profitability, as the bank offers integrated digital banking services and a superior customer experience.
stc Group also remains focused on the implementation and expansion of its digital strategy to enhance value creation at Group level, which is reflected in a number of achievements achieved in various key business areas. These achievements include the launch of stc Cloud, powered by Oracle Alloy, as the Kingdom’s first sovereign cloud solution aimed at accelerating the pace of digital transformation and enhancing data autonomy. The platform combines the latest global technology, local operations and governance to ensure compliance with applicable regulations in Saudi Arabia. The launch reflects stc’s commitment to providing advanced digital solutions and leading the Kingdom’s national digital transformation.
Additionally, stc Group has strengthened its sustainable impact by publishing its 7th Annual Sustainability Report for 2025. This report reflects the Group’s efforts and progress in environmental action, human capital development, governance and responsible business practices. The group received an AA rating in the 2025 MSCI ESG Rating.
Additionally, the group continued its national role through the Rawafid program to support and develop local content in the Kingdom, winning first place for the third consecutive year in the Local Content Award for Large Enterprises organized by the Local Content Government Procurement Authority, achieving a local content percentage of 50.69%.
What is noteworthy is that STC Group maintained its strong financial position. This is reflected in the company’s credit ratings being affirmed by both Standard & Poor’s (S&P) and Fitch at “A+ with a stable outlook,” by Moody’s at “Aa3 with a stable outlook,” and by the Tasniev rating agency at “AAA with a stable outlook.” These credit ratings reflect the Group’s leadership in the telecommunications sector and the strength of its financial position.
