Riyadh, Saudi Arabia — July 27, 2025. stc Group announced its preliminary financial results for the six months ended June 30, 2025, highlighting solid top-line growth, stronger profitability, and continued progress in network leadership and digital expansion.
Financial highlights (H1 2025)
- Revenue: SAR 38.66 billion, up 2.09% year-on-year.
- Gross profit: SAR 18.66 billion, up 6.61%.
- Operating profit: SAR 7.21 billion, up 2.28%.
- EBITDA: SAR 12.29 billion, up 6.10%; EBITDA margin rose 3.9 p.p. to 31.8%.
- Net profit: SAR 7.47 billion, up 13.38%.
- Dividends: SAR 0.55 per share for Q2 2025, in line with the approved dividend policy.
Editor’s note: The “one million riyals” figure referenced elsewhere is inconsistent with the detailed breakdown above. Based on stc’s disclosure for H1 2025, net profit is SAR 7.47 billion.
Management commentary
Eng. Olayan Alwetaid, CEO of stc Group, attributed the performance to sustained execution of strategy, disciplined financial management, and a successful cost-efficiency program. The latter supported margin expansion and contributed to the 6.1% increase in EBITDA and 13.4% rise in net profit. He added that growing demand for stc’s digital services underscores customer trust—evidenced by stc Bank surpassing 3 million customers shortly after launching in early 2025.
Record network performance during Hajj
stc highlighted the Kingdom’s efforts to ensure a safe, seamless Hajj and detailed the Group’s role in supporting connectivity at scale:
- Served 1.6 million+ pilgrims and 1.49 million stc network users.
- Achieved the highest traffic hour in stc’s history in Muzdalifah.
- Data usage increased 64% year-on-year; 5G traffic surged 129%.
- User experience index improved 25%, demonstrating the network’s ability to handle one of the world’s largest crowd events.
5G expansion and technology leadership
Committed to bridging the digital divide, stc’s 5G network now spans 9,500+ sites nationwide. The Group commercially activated the 600 MHz (n71) low-band spectrum—a first in the region—extending high-quality coverage to peripheral and hard-to-reach areas. stc also adopted 5G standalone (SA), enabling lower latency, network slicing, and next-gen use cases across priority sectors.
Strategic partnerships to accelerate digital transformation
stc signed a cloud partnership with Oracle valued at more than 2 billion (per the announcement) to deploy advanced AI-ready cloud infrastructure and sovereign cloud solutions via Oracle Alloy hosted at center3 data centers. A strategic agreement with Singtel Group will drive collaboration across digital platforms, skills development, IoT, and subsea cable expansion—reinforcing stc’s position as an integrated regional digital leader.
Sustainability and ESG progress
stc released its sixth Sustainability Report (2024), detailing advancements across environmental performance, human capital, and governance. Reflecting these efforts, MSCI upgraded stc’s ESG rating from “BBB” to “A.” The Group reiterated its role in enabling the national economy through job creation, talent development, community well-being, and investment in digital infrastructure.
At a glance
- Revenue: SAR 38.66bn (+2.09%)
- EBITDA: SAR 12.29bn (+6.10%), 31.8% margin
- Net profit: SAR 7.47bn (+13.38%)
- Dividend: SAR 0.55/share (Q2 2025)
- 5G sites: 9,500+ nationwide
- Hajj KPIs: +64% data, +129% 5G traffic, +25% UX index
- ESG: MSCI rating upgraded to A
