The stc group revenue reached 40.11 billion SAR during the first half of 2026, representing a 3.8% growth compared to last year. The telecommunications company announced its interim financial results for the six-month period ending June 30, 2026. This growth reflects steady operational performance across its primary business segments.
According to the financial report, gross profit for the period reached 19,637 million SAR, showing an increase of 5.3%. Operating profit rose by 7.8% to reach 7,771 million SAR. Meanwhile, earnings before interest, taxes, zakat, depreciation, and amortization (EBITDA) grew by 5.5% to 12,968 million SAR.
Net profit for the first half of 2026 increased by 6.3% after excluding non-recurring items. Consequently, the company will distribute 0.55 SAR per share. This distribution totals 2.7 billion SAR in payouts to shareholders, contributing to the national economy.
Operational Growth and Subscriber Metrics
Eng. Olayan bin Mohammed Alwetaid, CEO of stc group, stated that the financial results demonstrated strong operational performance. He noted that the net profit for the second quarter exceeded the average estimates of financial analysts by 4%. Furthermore, the subscriber base in Saudi Arabia expanded during this period.
Specifically, the number of mobile customers in the Kingdom reached 30.3 million, representing a 4.8% increase. Fixed-line customers also grew by 3.0% to reach 6.1 million. Additionally, the company increased its 5G towers to 12.12K, while fiber-optic connections rose by 5.2% to 3.87 million households.
Strategic Partnerships and stc group revenue
To support infrastructure development, the company signed an agreement with ROSHN Group to build a neutral fiber-optic network in Riyadh. This shared infrastructure will serve the upcoming phases of the SEDRA residential community. In addition, the company extended its memorandum of understanding with HUMAIN to establish a joint venture through center3.
The company also advanced its partnership with AST SpaceMobile to provide direct-to-device satellite communication services. Meanwhile, STC Bank recorded sustained growth in its customer base, deposits, and investment portfolios, which enhanced overall profitability. These digital initiatives continue to support the diversification of the stc group revenue streams.
Sovereign Cloud and Local Content Achievements
In the technology sector, the company launched stc cloud, powered by Oracle Alloy, as a sovereign cloud solution to expand its digital apps. This platform combines global technologies with local operations to ensure compliance with national regulations. Furthermore, the company published its seventh annual Sustainability Report, achieving an AA rating in the 2025 MSCI ESG assessment.
Notably, the company ranked first in the Local Content Award for Large Enterprises for the third consecutive year. The rawafed program helped the company achieve a local content ratio of 50.69%. Consequently, major rating agencies, including S&P, Fitch, and Moody’s, affirmed the company’s strong credit ratings with a stable outlook.
Future Outlook and Digital Infrastructure
The company plans to continue its investments in digital infrastructure to meet the growing demand for connectivity. By expanding its networks, the company aims to support national digital transformation goals. These ongoing developments are expected to maintain the stability of the stc group revenue in the coming quarters.
