stc Group announced its preliminary financial results for the period ending on September 30, 2026, achieving growth in its revenues and operating profits during the first nine months of the year, supported by the strength of its core operations and the accelerated growth of its subsidiaries, while the third-quarter net profit exceeded the average expectations of financial analysts.
In the same context, the Group's revenues rose by 3.7% to reach 60,096 million SAR, while gross profit reached 29,362 million SAR, an increase of 5.2%. Operating profit rose by 4.1% to reach 11,282 million SAR, while earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 3.5% to 19,150 million SAR.
For his part, Engineer Aliyan bin Mohammed Al-Wateed, Chief Executive Officer of stc Group, confirmed that the financial performance was based on strong revenue growth driven by the growth of the telecommunications sector in the Kingdom of Saudi Arabia, and the accelerated growth of subsidiaries whose revenues increased by 9.0%, while customer unit revenues grew by 2.0% and carrier and operator unit revenues by 5.1%.
He noted that the Group continued to grow its customer base, with the number of mobile and fixed-line subscribers increasing by 4.8% and 4.0% respectively to reach 30.6 million and 6.2 million subscribers. The number of homes connected to fiber optics also increased by 7.0% to reach 3.95 million homes, while the number of 5G towers grew by 31.5% to reach 12,380 towers.
The Group added that it announced dividends of 0.55 SAR per share for the third quarter of 2026, bringing total distributions to shareholders during the first nine months to 8.2 billion SAR, reaffirming its commitment to delivering value to shareholders by enhancing its digital and investment operations.
Source: Arriyadiyah newspaper
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