stc group’s nine-month operating profit rises 4.1% to SAR 11.3 billion
stc group announced its interim financial results for the period ended 30 September 2026, delivering growth in revenue and operating profit during the first nine months of the year. The performance was supported by the strength of its core business and accelerating growth across its subsidiaries, while third-quarter net profit exceeded average analyst expectations. •The group’s nine-month revenue…
STC Group, a leading telecommunications company in Saudi Arabia, reported a 4.1% increase in its nine-month operating profit to SAR 11.3 billion for the period ending 30 September 2026. The strong performance was driven by growth in revenue and subsidiaries' earnings, exceeding analysts' expectations. The group's overall revenue rose by 3.7% year-on-year to SAR 60,096 million, with gross profit increasing by 5.2% to SAR 29,362 million.
Operating profit grew by 4.1% to SAR 11,282 million, while EBITDA climbed by 3.5% to SAR 19,150 million. Net profit amounted to SAR 10,918 million, representing a 2.6% increase after excluding non-recurring items. STC Group's subsidiaries experienced a 9.0% revenue growth, with third-quarter growth accelerating to 18.5% year-on-year.
The CEO, Eng. Olayan Mohammed Alwetaid, emphasized the group's continued focus on strengthening its core businesses and entering promising growth areas, reaffirming its commitment to shareholder value creation. The company's strong revenue growth was attributed to increased telecommunications business in Saudi Arabia and accelerating growth across its subsidiaries.
Additionally, the group's expansion into new markets and sectors, along with operational improvements, contributed to the positive financial results.
Written by urgent.news from Saudi Gazette Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
