Stc posts record $20.7bn revenue as net profit rises 12.5% 

Net profit increased 12.5 percent after excluding non-recurring items, reflecting the strength of the group’s business model and the continued execution of its sustainable growth strategy. Supplied
Short Url
Updated 17 February 2026
Follow

Stc posts record $20.7bn revenue as net profit rises 12.5% 

RIYADH: Stc Group announced its consolidated financial results for 2025, recording the highest revenue in its history at SR77.8 billion ($20.7 billion), up 2.5 percent from the previous year. 

Net profit increased 12.5 percent after excluding non-recurring items, reflecting the strength of the group’s business model and the continued execution of its sustainable growth strategy. 

The group said gross profit rose to SR37.7 billion, while operating profit reached SR14.4 billion. Earnings before interest, taxes, depreciation, amortization and zakat totaled approximately SR24.5 billion, marking 6.1 percent growth after excluding non-recurring items, driven by improved operational efficiency and disciplined cost and capital expenditure management. 

The company announced a dividend of SR0.55 per share for the fourth quarter of 2025 in line with its approved dividend policy. 

stc Group emphasized its commitment to developing employee capabilities and skills. Over the past year, it reported qualitative progress in talent development through programs such as Partner Development, Job Attachment and the stc Academy. 

The group also sponsored the Human Capability Initiative conference, where it launched a public training platform aimed at equipping national talent with skills aligned with future labor market needs. The initiative underscores its commitment to building digital capabilities in the Kingdom and strengthening national competitiveness. 

stc plays a key role in supporting major international events and religious occasions such as Hajj and Umrah. It continues to support national forums and major events through a reliable digital infrastructure that enhances national identity and elevates the readiness of vital sectors with high efficiency.    

The group said its connectivity solutions and digital services meet international standards, contributing to the Kingdom’s position as a leading destination across sectors and reinforcing stc’s role as a regional digital enabler. 

CEO Olayan bin Mohammed Alwetaid said the results demonstrate the group’s ability to achieve sustainable profit growth while diversifying income sources and strengthening digital infrastructure. 

He said the company continues expanding its network to reach more than 10,800 5G sites and 3.75 million homes served by fiber, in addition to conducting the first regional trial in the 7 GHz band in preparation for 6G technologies.  

The group expanded STC Bank to more than 8 million customers and signed strategic partnerships to establish AI-focused data centers with capacity of up to 1 gigawatt. It also completed strategic digital infrastructure agreements worth billions and issued $2 billion in sukuk that were more than four times oversubscribed.  

In sustainability, the group’s MSCI rating rose to AA and it received a five-star EFQM certificate. It maintained its position as the strongest brand in the Middle East for the sixth consecutive year. 

According to the Brand Finance 2026 report, stc ranked as the strongest brand in the Middle East, third globally among telecommunications brands, and ninth in global telecom brand value, placing it among the world’s top ten telecom companies by brand strength. 


Marine insurance companies are considering canceling, repricing policies in the Middle East

Updated 6 sec ago
Follow

Marine insurance companies are considering canceling, repricing policies in the Middle East

RIYADH: Marine insurance companies are considering canceling or repricing policies in the Middle East, according to the Financial Times

This comes after the US and Israeli strikes on targets inside Iran, followed by missile attacks and retaliatory military actions in several countries in the region.

Marine brokers expect insurance premiums for ships to rise by up to 50 percent, given the region’s classification as a “war zone.”

Ship owners are considering rerouting their vessels to avoid the Strait of Hormuz and reduce risks to crews and cargo.

20% of the global oil supply passes through the Strait of Hormuz.

Regarding oil prices, a rise is expected as 20 percent of global oil supply passes through the Strait of Hormuz, amid concerns about continued tensions in the region.

Air traffic in the Middle East was severely disrupted after several countries closed their airspace completely or partially, while regional and international airlines suspended or rescheduled flights.

On the morning of March 1st,  the Iranian capital, Tehran, witnessed several large explosions following Israel's announcement of what it described as a “preemptive strike.”

Flights to countries in the region suspended due to attacks

In a video message, US President Donald Trump announced that the US had begun “major combat operations” in Iran, asserting that the goal was to defend the American people by neutralizing what he described as the “imminent threat” from the Iranian regime.

Several regional and international airlines announced the suspension of their flights to some countries in the region due to the attacks.

These military developments come at a time when major shipping companies had already avoided the Red Sea and Suez Canal routes due to security tensions, reverting to the Cape of Good Hope route, which increases shipping costs and puts pressure on global supply chains.

With the closure of airspace in several countries in the region, the risk of disruption to air traffic and trade is increasing, while oil markets are watching closely for any signs of potential supply disruptions from a region that is one of the world's most important energy production hubs.