Saudi Telecom Company (stc) announces its interim condensed consolidated financial results for the period ending on 31-3-2026 (Three Months)
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 19,939 | 19,210 | 3.794 | 19,894 | 0.226 |
| Gross Profit (Loss) | 9,772 | 9,098 | 7.408 | 9,791 | -0.194 |
| Operational Profit (Loss) | 3,978 | 3,584 | 10.993 | 3,605 | 10.346 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 3,696 | 3,649 | 1.288 | 3,249 | 13.758 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 4,042 | 4,371 | -7.526 | 2,195 | 84.145 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 84,743 | 91,069 | -6.946 |
| Profit (Loss) per Share | 0.74 | 0.73 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | stc achieved revenues of SAR 19,939m in the 1st quarter with an increase of 3.8%, which was mainly attributed to the increase in commercial unit revenues by 5.2%, carriers and wholesale unit revenues by 6.2%. stc’s subsidiaries revenue also increased by 5.8%. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | stc reported a net profit of SAR 3,696m in the 1st quarter as compared to SAR 3,649m. The net profit growth reached 12.0%, when excluding the non-recurring items in the comparable quarter last year, which was mainly attributed to the following: - The gross profit reached SAR 9,772m as compared to SAR 9,098m, with an increase of 7.4%. - The operating profit reached SAR 3,978m as compared to SAR 3,584m, with an increase of 11.0%. - Earnings before interest, taxes, zakat, depreciation and amortization (EBITDA) stands at SAR 6,557m as compared to SAR 6,120m, with an increase of 7.1% - The decrease in total other expenses by SAR 120m, mainly due to: 1. The booking of net other gains (losses) amounting to SAR 166m as compared to SAR (143m), mainly due to a non-recurring loss of SAR (219m) during the comparable quarter last year, as a result of the change in the financial instruments following the increase of stc’s ownership in Telefonica from 4.97% to 9.97%. 2. The increase in net share in results of investments in associates and joint ventures by SAR 58m. 3. The decrease in net other expenses by SAR 42m. 4. This is despite of the decrease in finance income by SAR 237m, and the increase in finance cost by SAR 38m. - The booking of a zakat and income tax expense amounting to SAR (152m) as compared to positive zakat and income tax amounting to SAR 311m, mainly due to the reversal of zakat provision related to previous years which are no longer required. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | stc achieved revenues of SAR 19,939m in the 1st quarter with an increase of 0.2%, which was mainly attributed to the increase in business unit revenues by 12.7%. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | stc reported a net profit of SAR 3,696m in the 1st quarter as compared to SAR 3,249m, with an increase of 13.8%, which was mainly attributed to the following: - The gross profit reached SAR 9,772m as compared to SAR 9,791m. - The operating profit reached SAR 3,978m as compared to SAR 3,605m, with an increase of 10.4%. - Earnings before interest, taxes, zakat, depreciation and amortization (EBITDA) stands at SAR 6,557m as compared to SAR 5,972m, with an increase of 9.8%. - The increase in total other expenses by SAR 51m. - The decrease in zakat and income tax expense by SAR 64m. - The booking of net (loss) from discontinued operations (non-recurring item) amounting to SAR (54m) in the last quarter. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | - |
| Reclassification of Comparison Items | - |
| Additional Information | The total number of Treasury shares related to the Employees Stock Incentives Plan stood at 10,193 shares (in thousand) at the end of Q1 2026, and those shares are not entitled for any dividends distribution. As a result, basic earnings per share (EPS) was calculated based on the weighted average number of ordinary shares in a total of 4,988,747 shares (in thousand) for the 1st quarter of 2026. For more information, please refer to the investor relations press release attached to the announcement. We would like to draw the attention of our esteemed investors that they can access information on stc’s stock performance, dividend distributions, stc’s results and financial statements, and many more features through (stc Investor Relations application). |
| Attached Documents |  |
