Page 25 - SAMENA Trends - June-July 2025

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

MEMBERS NEWS

stc Group Releases the Company’s Preliminary
Financial Results for the Period Ending on 30
June 2025

stc has announced the company’s preliminary financial
results for the period ending on 30 June 2025:
• Revenues for the 6 months period of 2025 reached 38,660 million
with an increase of 2.09% as compared to the comparable period
last year.
• Gross Profit for the 6 months period of 2025 reached 18,658
million with an increase of 6.61% as compared to the comparable
period last year.
• Operating Profit for the 6 months period of 2025 reached 7,207
million with an increase of 2.28% as compared to the comparable
period last year.
• Earnings before Interest, Taxes, Zakat, Depreciation and
Amortization (EBITDA) for the 6 months period of 2025 reached
12,289 million with an increase of 6.10% as compared to the
comparable period last year.
• Net Profit for the 6 months period of 2025 reached 7,472 million
with an increase of 13.38% as compared to the comparable
period last year.
• stc distributes 0.55 per share for the 2nd quarter of 2025, in
accordance with the dividends distribution policy approved by
General Assembly.
Commenting on the results, Eng. Olayan Alwetaid, CEO of stc
Group, stated that the Group continued to deliver excellent
performance through its commitment to its strategy and success
in capitalizing on available opportunities within the ICT sector. He
pointed out that the focus on financial discipline and improving the
efficiency of capital management were key factors in supporting
business stability, enhancing the Group’s readiness to adapt
to changes, and expanding into future growth avenues with
confidence and sustainability. This was reflected in the Group’s
financial performance, as stc achieved revenue growth of 2.1% efforts made by the Kingdom to provide a safe and comfortable
during the first six months of the year, and an increase in gross environment for pilgrims and its continuous dedication to
profit by 6.6%, compared to the same period last year. Additionally, facilitating Hajj rituals and enhancing the quality of services
the Cost Efficiency Program contributed effectively to enhancing provided to pilgrims. He also affirmed stc Group’s dedication
operational and financial efficiency, which positively impacted the to contributing to the success of the Hajj season through the
company’s performance, resulting in EBITDA growth of 6.1% with deployment of the latest technologies and digital solutions,
an increase in EBITDA margin by 3.9% to reach 31.8%, which in including advanced AI solutions, which the Group implemented to
turn led to a notable increase in net profit by 13.4%, reaching 7.5 boost network efficiency within the holy sites. During the season,
billion. The GCEO also emphasized that the growing demand for the Group provided record internet speeds serving more than 1.6
the Group’s services is a testament to the community's trust in the million pilgrims and provided services to 1.49 million stc network
efficiency of its digital solutions. This was demonstrated by the users, which led to exceptional results, as stc’s network recorded
number of STC Bank customers surpassing three million within a the highest traffic hour in its history in Muzdalifah, with a 64%
short period since its launch at the beginning of 2025, reflecting increase in data usage and a 129% surge in 5G network traffic
the accelerated growth in the adoption of digital banking services compared to the previous year. Meanwhile, the user experience
and embodying the Group's growing role in developing the financial index rose by 25%, underscoring the network’s ability to support
services sector. Furthermore, the GCEO praised the tremendous one of the world’s most significant mass crowd movements.

25 JUNE-JULY 2025