RIYADH — Leading regional digital enabler stc Group has announced its interim consolidated financial results for the nine month period ended September 30, 2026, reporting a 3.7 percent year on year increase in top line revenue to reach SAR 60,096 million alongside a 4.1 percent expansion in operating profit to SAR 11,282 million ($3.0 billion), while third quarter net income surpassed consensus market analyst projections.
Operational profitability advanced across the group’s integrated portfolio during the nine month window, with gross profit climbing 5.2 percent year on year to SAR 29,362 million and earnings before interest, taxes, zakat, depreciation, and amortization (EBITDA) rising 3.5 percent to reach SAR 19,150 million. Nine month consolidated net profit amounted to SAR 10,918 million, representing a 2.6 percent growth trajectory after normalizing for non recurring items across both the current and comparative prior year periods. Reinforcing its capital return framework approved by the General Assembly, stc Group declared a third quarter cash dividend of SAR 0.55 per share, bringing cumulative shareholder distributions for the first nine months of 2026 to SAR 8.2 billion.
Eng. Olayan Mohammed Alwetaid, Chief Executive Officer of stc Group, stated that the nine month financial performance underscores the resilience of the operator’s core telecommunications foundation in Saudi Arabia coupled with accelerating commercial momentum across its specialized subsidiaries. Alwetaid noted that during the reporting period, Commercial unit revenue expanded by 2.0 percent, Carriers and Wholesale unit revenue increased by 5.1 percent, and subsidiary revenues surged by 9.0 percent over the nine month timeframe, with subsidiary revenue growth accelerating sharply to 18.5 percent year on year during the third quarter alone. He affirmed that deeper operational synergy between core connectivity and digital verticals continues to diversify group income streams and unlock long term shareholder value.
On the domestic infrastructure and subscriber front, stc Group expanded its market reach across the Kingdom, with mobile subscriptions growing 4.8 percent year on year to reach 30.6 million and fixed line subscriptions rising 4.0 percent to 6.2 million. Residential fiber optic footprint penetration climbed 7.0 percent to connect 3.95 million homes, while the group’s active 5G tower network expanded by 31.5 percent to reach 12,380 sites. Building on strategic agreements forged during LEAP 2026 with domestic and international technology partners, the group continued to scale its data center interconnectivity, cloud computing architectures, and enterprise digital services.
Demonstrating the application of its sovereign network infrastructure across critical verticals, stc Group deployed a pioneering net zero carbon hardware solution across its 5G Advanced radio sites to optimize spectral capacity while reducing grid power consumption. Concurrently, the group provided ultra low latency telecommunications links to support the Ministry of Defence’s Health Services in executing the first remote robotic surgical procedure connecting military medical facilities between Riyadh and Dhahran, highlighting the role of next generation connectivity in advancing Saudi Arabia’s digital economy.
