STC Reports SAR 11.58B Net Profit in Q3 2025
STC 7010.SA | 42.42 | -0.14% |
On 2025-11-03 15:48:40 (Saudi Time), Saudi Telecom Company (stc) announced its Interim financial results for the three months ended on September 30, 2025. For the period, the company recorded revenue of SAR 19,264.00 million (up 3.581% YoY) and a net profit of SAR 4,107.00 million.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 19,264 | 18,598 | 3.581 | 19,451 | -0.961 |
| Gross Profit (Loss) | 9,251 | 10,402 | -11.065 | 9,560 | -3.232 |
| Operational Profit (Loss) | 3,627 | 4,410 | -17.755 | 3,624 | 0.082 |
| Net profit (Loss) | 4,107 | 4,643 | -11.544 | 3,823 | 7.428 |
| Total Comprehensive Income | 3,942 | 4,837 | -18.503 | 4,346 | -9.295 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
Year-on-Year Performance Drivers
Sales increased by 2.583% YoY to SAR 57,924 million, driven by growth across all business segments including commercial unit (2.9%), business unit (3.6%), and carriers and wholesale unit (2.3%). Net profit rose by 3.08% YoY to SAR 11,579 million, primarily due to positive zakat and income tax adjustments of SAR 683 million from reversed provisions, increased other income of SAR 292 million including gains from STV LP fund units revaluation, despite the absence of SAR 799 million in discontinued operations profit recorded in the previous year.
Quarter-on-Quarter Performance Drivers
QoQ revenue decreased slightly by 0.961% to 19,264 million SAR, with growth in commercial unit (1.2%), business unit (6.9%), and carriers and wholesale unit (4.2%) revenues offset by seasonal decline in device sales. Net profit increased by 7.428% to 4,107 million SAR compared to the previous quarter's 3,823 million SAR, primarily due to decreased operating expenses (312 million SAR reduction) from lower selling and marketing expenses (242 million SAR) and general and administration expenses (107 million SAR).
Other Items
The external auditor issued an unmodified conclusion on the interim condensed consolidated financial statements. The report included an Other Matter paragraph noting that the previous year's financial statements were audited by a different auditor who also expressed an unmodified opinion. EBITDA reached SAR 18,497 million compared to SAR 18,375 million in the previous period, with a 5.7% growth when excluding non-recurring items. The company holds 10,206 thousand treasury shares related to the Employees Stock Incentives Plan, which are not entitled to dividend distributions.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=91175&anCat=1&cs=7010&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/15551_480_2025-11-03_13-26-18_en.pdfImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.