stc net profit climbs to SAR 11.58B in 9M 2025; Q3 at SAR 4.1B

03/11/2025 Argaam Exclusive

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Telecom operator stc posted SAR 11.58 billion in net profit for the first nine months of 2025, an increase of 3.1% from SAR 11.23 billion in the year-ago period.

Financials (M)

Item	9m 2024	9m 2025	Change‬
Revenues	56,464.73	57,924.18	2.6 %
Gross Income	26,403.02	27,908.41	5.7 %
Operating Income	10,530.87	10,833.70	2.9 %
Net Income	11,233.11	11,579.37	3.1 %
Average Shares	5,000.00	5,000.00	-
Earnings Per Share before unusual items (Riyals)	2.06	2.24	8.6 %
EPS (Riyal)	2.25	2.32	3.1 %

The nine-month gross profit reached SAR 27.90 billion, up 5.7% from SAR 27.90 billion in 9M 2024. Revenues also soared to SAR 57.92 billion for the same period.

The company recorded other income of SAR 292 million in 9M 2025, versus expenses of SAR (140 million) in 9M 2024. This was mainly fueled by the uptick in net other gains by SAR 314 million.

Meanwhile, operating profit reached SAR 10.83 billion for the first nine months of this year, down 2.4% from SAR 11.45 billion a year earlier, weighed down by non-recurring items which if excluded the operating income recorded 2.4% growth.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2024	Q3 2025	Change‬
Revenues	18,597.84	19,263.71	3.6 %
Gross Income	8,901.86	9,250.51	3.9 %
Operating Income	3,463.71	3,626.55	4.7 %
Net Income	4,642.83	4,106.94	(11.5 %)
Average Shares	5,000.00	5,000.00	-
Earnings Per Share before unusual items (Riyal)	0.74	0.73	(1.7 %)
EPS (Riyal)	0.93	0.82	(11.5 %)

Item	Q2 2025	Q3 2025	Change‬
Revenues	19,450.93	19,263.71	(1.0 %)
Gross Income	9,559.57	9,250.51	(3.2 %)
Operating Income	3,623.64	3,626.55	0.1 %
Net Income	3,823.49	4,106.94	7.4 %
Average Shares	5,000.00	5,000.00	-
Earnings Per Share before unusual items (Riyal)	0.75	0.73	(3.6 %)
EPS (Riyal)	0.76	0.82	7.4 %

The third-quarter net profit fell 11.5% to SAR 4.1 billion, from SAR 4.6 billion in Q3 2024.

Sequentially, however, stc reported a 7.4% jump in its three-month earnings from SAR 3.8 billion in Q2 2025.

Total shareholders’ equity, after minority interest, reached SAR 83.94 billion as of Sept. 30, 2025, compared to SAR 79.28 billion a year earlier.

Attached Documents:

View More Financial Results

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2016	13,228.62	6.1 %	7,076.10	(6.2 %)	2,856.43	(15.5 %)
Q2 2016	13,412.97	9.7 %	7,470.82	4.3 %	2,863.30	(3.4 %)
Q3 2016	14,025.79	8.8 %	7,117.39	(6.6 %)	2,402.82	(20.9 %)
Q4 2016	13,010.95	(1.8 %)	7,023.48	(12.3 %)	1,828.54	(28.4 %)
2016	53,678.34	6.0 %	28,687.78	(5.5 %)	9,951.09	(16.1 %)
Q1 2017	12,524.11	(5.3 %)	6,923.88	(2.2 %)	2,615.07	(8.4 %)
Q2 2017	13,041.18	(2.8 %)	6,911.04	(7.5 %)	2,583.68	(9.8 %)
Q3 2017	12,621.35	(10.0 %)	7,400.59	4.0 %	2,906.90	21.0 %
Q4 2017	12,502.72	(3.9 %)	7,347.91	4.6 %	2,880.37	57.5 %
2017	50,689.35	(5.6 %)	28,583.42	(0.4 %)	10,986.01	10.4 %
Q1 2018	12,349.08	(1.4 %)	6,934.85	0.2 %	2,632.35	0.7 %
Q2 2018	13,079.39	0.3 %	7,167.18	3.7 %	2,900.92	12.3 %
Q3 2018	13,319.89	5.5 %	7,850.74	6.1 %	3,235.52	11.3 %
Q4 2018	13,214.89	5.7 %	8,520.31	16.0 %	3,476.44	20.7 %
2018	51,963.24	2.5 %	30,473.08	6.6 %	12,245.23	11.5 %
Q1 2019	13,385.75	8.4 %	7,903.48	14.0 %	3,275.20	24.4 %
Q2 2019	13,603.56	4.0 %	8,207.29	14.5 %	3,477.32	19.9 %
Q3 2019	14,113.63	6.0 %	7,920.82	0.9 %	3,328.05	2.9 %
Q4 2019	13,264.59	0.4 %	8,359.64	(1.9 %)	2,399.82	(31.0 %)
2019	54,367.53	4.6 %	32,391.23	6.3 %	12,480.39	1.9 %
Q1 2020	13,934.85	4.1 %	8,195.88	3.7 %	3,004.03	(8.3 %)
Q2 2020	14,920.23	9.7 %	8,340.99	1.6 %	3,062.17	(11.9 %)
Q3 2020	14,881.43	5.4 %	8,970.96	13.3 %	3,459.60	4.0 %
Q4 2020	15,216.80	14.7 %	8,446.57	1.0 %	3,205.33	33.6 %
2020	58,953.32	8.4 %	33,954.40	4.8 %	12,731.13	2.0 %
Q1 2021	15,695.50	12.6 %	8,557.10	4.4 %	3,481.61	15.9 %
Q2 2021	15,898.77	6.6 %	8,352.20	0.1 %	3,250.29	6.1 %
Q3 2021	15,735.35	5.7 %	8,368.88	(6.7 %)	3,191.71	(7.7 %)
Q4 2021	15,678.37	3.0 %	8,515.85	0.8 %	3,204.15	0.0 %
2021	63,007.99	6.9 %	33,794.03	(0.5 %)	13,127.76	3.1 %
Q1 2022	16,919.37	7.8 %	9,150.40	6.9 %	3,823.77	9.8 %
Q2 2022	16,829.96	5.9 %	9,174.08	9.8 %	3,719.65	14.4 %
Q3 2022	16,307.74	3.6 %	8,961.11	7.1 %	3,497.49	9.6 %
Q4 2022	17,374.48	10.8 %	9,028.66	6.0 %	2,968.52	(7.4 %)
2022	67,431.55	7.0 %	36,314.26	7.5 %	14,009.44	6.7 %
Q1 2023	18,179.32	7.4 %	9,233.82	0.9 %	3,730.98	(2.4 %)
Q2 2023	18,326.98	8.9 %	9,015.43	(1.7 %)	3,280.50	(11.8 %)
Q3 2023	18,034.39	10.6 %	8,978.58	0.2 %	4,073.62	16.5 %
Q4 2023	17,287.96	(0.5 %)	7,948.18	(12.0 %)	2,448.55	(17.5 %)
2023	71,777.16	6.4 %	34,016.07	(6.3 %)	12,437.29	(11.2 %)
Q1 2024	18,907.70	4.0 %	8,663.62	(6.2 %)	3,513.21	(5.8 %)
Q2 2024	18,959.19	3.4 %	8,832.39	(2.0 %)	3,553.94	8.3 %
Q3 2024	18,597.84	3.1 %	8,901.86	(0.9 %)	3,463.71	(15.0 %)
Q4 2024	19,428.68	12.4 %	9,422.90	18.6 %	2,970.07	21.3 %
2024	75,893.41	5.7 %	35,825.92	5.3 %	13,500.94	8.6 %
Q1 2025	19,209.55	1.6 %	9,098.33	5.0 %	3,583.51	2.0 %
Q2 2025	19,450.93	2.6 %	9,559.57	8.2 %	3,623.64	2.0 %
Q3 2025	19,263.71	3.6 %	9,250.51	3.9 %	3,626.55	4.7 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2015	50,650.61	10.5 %	30,344.82	7.8 %	11,859.28	(1.4 %)
2016	53,678.34	6.0 %	28,687.78	(5.5 %)	9,951.09	(16.1 %)
2017	50,689.35	(5.6 %)	28,583.42	(0.4 %)	10,986.01	10.4 %
2018	51,963.24	2.5 %	30,473.08	6.6 %	12,245.23	11.5 %
2019	54,367.53	4.6 %	32,391.23	6.3 %	12,480.39	1.9 %
2020	58,953.32	8.4 %	33,954.40	4.8 %	12,731.13	2.0 %
2021	63,007.99	6.9 %	33,794.03	(0.5 %)	13,127.76	3.1 %
2022	67,431.55	7.0 %	36,314.26	7.5 %	14,009.44	6.7 %
2023	71,777.16	6.4 %	34,016.07	(6.3 %)	12,437.29	(11.2 %)
2024	75,893.41	5.7 %	35,825.92	5.3 %	13,500.94	8.6 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS(Riyal)
Q1 2016	2,396.58	(4.3 %)	0.48	(79.24)	2,475.82	0.50
Q2 2016	2,202.19	(13.9 %)	0.44	6.48	2,195.70	0.44
Q3 2016	2,216.94	(4.5 %)	0.44	(40.79)	2,257.72	0.45
Q4 2016	2,083.16	6.8 %	0.42	103.34	1,979.82	0.40
2016	8,898.86	(3.9 %)	1.78	(10.21)	8,909.07	1.78
Q1 2017	2,534.75	5.8 %	0.51	-	2,534.75	0.51
Q2 2017	2,356.48	7.0 %	0.47	-	2,356.48	0.47
Q3 2017	2,569.37	15.9 %	0.51	-	2,569.37	0.51
Q4 2017	2,554.98	22.6 %	0.51	-	2,554.98	0.51
2017	10,015.58	12.5 %	2.00	-	10,015.58	2.00
Q1 2018	2,587.53	2.1 %	0.52	-	2,587.53	0.52
Q2 2018	2,444.05	3.7 %	0.49	-	2,444.05	0.49
Q3 2018	2,642.62	2.9 %	0.53	-	2,642.62	0.53
Q4 2018	3,105.58	21.5 %	0.62	411.00	2,694.58	0.54
2018	10,779.77	7.6 %	2.16	411.00	10,368.77	2.07
Q1 2019	2,749.74	6.3 %	0.55	-	2,749.74	0.55
Q2 2019	2,848.02	16.5 %	0.57	-	2,848.02	0.57
Q3 2019	2,746.20	3.9 %	0.55	-	2,746.20	0.55
Q4 2019	2,320.71	(25.3 %)	0.46	287.48	2,033.23	0.41
2019	10,664.67	(1.1 %)	2.13	287.48	10,377.19	2.08
Q1 2020	2,912.75	5.9 %	0.58	496.00	2,416.75	0.48
Q2 2020	2,724.22	(4.3 %)	0.54	152.00	2,572.22	0.51
Q3 2020	2,765.54	0.7 %	0.55	-	2,765.54	0.55
Q4 2020	2,592.38	11.7 %	0.52	-	2,592.38	0.52
2020	10,994.88	3.1 %	2.20	648.00	10,346.88	2.07
Q1 2021	2,952.09	1.4 %	0.59	-	2,952.09	0.59
Q2 2021	2,821.21	3.6 %	0.56	-	2,821.21	0.56
Q3 2021	2,924.39	5.7 %	0.58	180.00	2,744.39	0.55
Q4 2021	2,613.65	0.8 %	0.52	83.21	2,530.44	0.51
2021	11,311.34	2.9 %	2.26	263.21	11,048.13	2.21
Q1 2022	3,035.10	2.8 %	0.61	(239.00)	3,274.10	0.65
Q2 2022	2,837.35	0.6 %	0.57	(298.00)	3,135.35	0.63
Q3 2022	3,541.00	21.1 %	0.71	357.00	3,184.00	0.64
Q4 2022	2,757.09	5.5 %	0.55	318.96	2,438.14	0.49
2022	12,170.54	7.6 %	2.43	138.96	12,031.58	2.41
Q1 2023	3,108.67	2.4 %	0.62	-	3,108.67	0.62
Q2 2023	3,008.45	6.0 %	0.60	130.00	2,878.45	0.58
Q3 2023	4,904.02	38.5 %	0.98	1,940.00	2,964.02	0.59
Q4 2023	2,274.24	(17.5 %)	0.45	83.00	2,191.24	0.44
2023	13,295.38	9.2 %	2.66	2,153.00	11,142.38	2.23
Q1 2024	3,285.89	5.7 %	0.66	-	3,285.89	0.66
Q2 2024	3,304.39	9.8 %	0.66	(21.30)	3,325.69	0.67
Q3 2024	4,642.83	(5.3 %)	0.93	946.00	3,696.83	0.74
Q4 2024	13,455.55	491.6 %	2.69	12,121.38	1,334.17	0.27
2024	24,688.65	85.7 %	4.94	13,046.08	11,642.58	2.33
Q1 2025	3,648.95	11.0 %	0.73	(147.00)	3,795.95	0.76
Q2 2025	3,823.49	15.7 %	0.76	54.00	3,769.49	0.75
Q3 2025	4,106.94	(11.5 %)	0.82	474.00	3,632.94	0.73

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS(Riyal)
2015	9,258.43	(15.5 %)	1.85	(91.45)	9,349.87	1.87
2016	8,898.86	(3.9 %)	1.78	(10.21)	8,909.07	1.78
2017	10,015.58	12.5 %	2.00	-	10,015.58	2.00
2018	10,779.77	7.6 %	2.16	411.00	10,368.77	2.07
2019	10,664.67	(1.1 %)	2.13	287.48	10,377.19	2.08
2020	10,994.88	3.1 %	2.20	648.00	10,346.88	2.07
2021	11,311.34	2.9 %	2.26	263.21	11,048.13	2.21
2022	12,170.54	7.6 %	2.43	138.96	12,031.58	2.41
2023	13,295.38	9.2 %	2.66	2,153.00	11,142.38	2.23
2024	24,688.65	85.7 %	4.94	13,046.08	11,642.58	2.33

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2016	57.91 %	36.88 %	18.13 %
Q2 2016	57.18 %	36.19 %	16.93 %
Q3 2016	55.04 %	34.38 %	16.29 %
Q4 2016	53.44 %	33.59 %	16.60 %
2016	53.44 %	33.59 %	16.60 %
Q1 2017	53.87 %	33.53 %	16.93 %
Q2 2017	53.18 %	32.69 %	17.35 %
Q3 2017	55.20 %	34.28 %	18.44 %
Q4 2017	56.39 %	37.24 %	19.76 %
2017	56.39 %	37.24 %	19.76 %
Q1 2018	56.61 %	37.32 %	19.93 %
Q2 2018	57.07 %	38.25 %	20.09 %
Q3 2018	57.17 %	38.48 %	19.96 %
Q4 2018	58.64 %	38.17 %	19.95 %
2018	58.64 %	38.17 %	19.95 %
Q1 2019	59.32 %	39.05 %	19.87 %
Q2 2019	60.69 %	40.28 %	20.43 %
Q3 2019	59.93 %	39.89 %	20.32 %
Q4 2019	59.58 %	39.11 %	19.09 %
2019	59.58 %	39.11 %	19.09 %
Q1 2020	59.51 %	38.62 %	18.29 %
Q2 2020	58.36 %	37.16 %	17.37 %
Q3 2020	59.42 %	37.62 %	17.17 %
Q4 2020	57.60 %	37.47 %	17.55 %
2020	57.60 %	37.47 %	17.55 %
Q1 2021	56.52 %	37.23 %	17.92 %
Q2 2021	55.64 %	37.10 %	18.04 %
Q3 2021	53.92 %	36.30 %	17.76 %
Q4 2021	53.63 %	36.25 %	17.53 %
2021	53.63 %	36.25 %	17.53 %
Q1 2022	53.54 %	36.27 %	17.70 %
Q2 2022	54.03 %	36.64 %	17.93 %
Q3 2022	54.46 %	36.91 %	18.44 %
Q4 2022	53.85 %	35.59 %	17.84 %
2022	53.85 %	35.59 %	17.84 %
Q1 2023	52.99 %	35.00 %	17.27 %
Q2 2023	51.63 %	33.71 %	16.54 %
Q3 2023	50.42 %	33.86 %	15.84 %
Q4 2023	48.97 %	33.44 %	15.51 %
2023	47.39 %	31.93 %	15.52 %
Q1 2024	47.69 %	32.81 %	15.60 %
Q2 2024	47.03 %	32.88 %	16.08 %
Q3 2024	46.57 %	31.65 %	16.95 %
Q4 2024	47.20 %	31.41 %	15.34 %
2024	47.21 %	31.41 %	15.34 %
Q1 2025	47.58 %	31.27 %	15.95 %
Q2 2025	48.23 %	31.18 %	16.43 %
Q3 2025	48.26 %	31.23 %	16.20 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2015	59.91 %	38.09 %	18.46 %
2016	53.44 %	33.59 %	16.60 %
2017	56.39 %	37.24 %	19.76 %
2018	58.64 %	38.17 %	19.95 %
2019	59.58 %	39.11 %	19.09 %
2020	57.60 %	37.47 %	17.55 %
2021	53.63 %	36.25 %	17.53 %
2022	53.85 %	35.59 %	17.84 %
2023	47.39 %	31.93 %	15.52 %
2024	47.21 %	31.41 %	15.34 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2016	53.49 %	36.42 %	18.72 %
Q2 2016	55.70 %	36.30 %	16.37 %
Q3 2016	50.75 %	31.31 %	16.10 %
Q4 2016	53.98 %	30.36 %	15.22 %
Q1 2017	55.28 %	36.33 %	20.24 %
Q2 2017	52.99 %	33.01 %	18.07 %
Q3 2017	58.64 %	37.59 %	20.36 %
Q4 2017	58.77 %	42.19 %	20.44 %
Q1 2018	56.16 %	36.66 %	20.95 %
Q2 2018	54.80 %	36.63 %	18.69 %
Q3 2018	58.94 %	38.50 %	19.84 %
Q4 2018	64.48 %	40.78 %	20.39 %
Q1 2019	59.04 %	40.23 %	20.54 %
Q2 2019	60.33 %	41.57 %	20.94 %
Q3 2019	56.12 %	37.11 %	19.46 %
Q4 2019	63.02 %	37.59 %	15.33 %
Q1 2020	58.82 %	38.25 %	17.34 %
Q2 2020	55.90 %	35.80 %	17.24 %
Q3 2020	60.28 %	38.89 %	18.58 %
Q4 2020	55.51 %	37.00 %	17.04 %
Q1 2021	54.52 %	37.22 %	18.81 %
Q2 2021	52.53 %	35.39 %	17.74 %
Q3 2021	53.19 %	35.62 %	17.44 %
Q4 2021	54.32 %	36.79 %	16.14 %
Q1 2022	54.08 %	37.23 %	19.35 %
Q2 2022	54.51 %	36.86 %	18.63 %
Q3 2022	54.95 %	36.76 %	19.52 %
Q4 2022	51.97 %	31.67 %	14.03 %
Q1 2023	50.79 %	34.89 %	17.10 %
Q2 2023	49.19 %	31.76 %	15.71 %
Q3 2023	49.79 %	37.08 %	16.44 %
Q4 2023	45.98 %	29.87 %	12.67 %
Q1 2024	45.82 %	32.43 %	17.38 %
Q2 2024	46.59 %	32.09 %	17.54 %
Q3 2024	47.87 %	32.06 %	19.88 %
Q4 2024	48.50 %	29.13 %	6.87 %
Q1 2025	47.36 %	31.86 %	19.76 %
Q2 2025	49.15 %	31.71 %	19.38 %
Q3 2025	48.02 %	32.23 %	18.86 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Earnings Per Share before unusual items (Riyal)	Book Value (BV)
Q1 2016	5,000.00	1.85	1.87	11.94
Q2 2016	5,000.00	1.77	1.79	11.88
Q3 2016	5,000.00	1.75	1.76	11.90
Q4 2016	5,000.00	1.78	1.78	11.99
Q1 2017	5,000.00	1.81	1.79	12.11
Q2 2017	5,000.00	1.84	1.83	12.21
Q3 2017	5,000.00	1.91	1.89	12.33
Q4 2017	5,000.00	2.00	2.00	12.57
Q1 2018	5,000.00	2.01	2.01	12.69
Q2 2018	5,000.00	2.03	2.03	12.76
Q3 2018	5,000.00	2.05	2.05	12.87
Q4 2018	5,000.00	2.16	2.07	13.10
Q1 2019	5,000.00	2.19	2.11	13.67
Q2 2019	5,000.00	2.27	2.19	12.51
Q3 2019	5,000.00	2.29	2.21	12.24
Q4 2019	5,000.00	2.13	2.08	12.35
Q1 2020	5,000.00	2.17	2.01	12.57
Q2 2020	5,000.00	2.14	1.95	12.58
Q3 2020	5,000.00	2.14	1.96	12.73
Q4 2020	5,000.00	2.20	2.07	12.79
Q1 2021	5,000.00	2.21	2.18	13.01
Q2 2021	5,000.00	2.23	2.23	12.78
Q3 2021	5,000.00	2.26	2.22	13.70
Q4 2021	5,000.00	2.26	2.21	13.85
Q1 2022	5,000.00	2.28	2.27	14.07
Q2 2022	5,000.00	2.28	2.34	14.36
Q3 2022	5,000.00	2.41	2.42	14.67
Q4 2022	5,000.00	2.43	2.41	14.70
Q1 2023	5,000.00	2.45	2.37	14.93
Q2 2023	5,000.00	2.48	2.32	15.10
Q3 2023	5,000.00	2.76	2.28	15.77
Q4 2023	5,000.00	2.66	2.23	15.80
Q1 2024	5,000.00	2.69	2.26	16.09
Q2 2024	5,000.00	2.75	2.35	15.28
Q3 2024	5,000.00	2.70	2.50	15.86
Q4 2024	5,000.00	4.94	2.33	17.88
Q1 2025	5,000.00	5.01	2.43	18.21
Q2 2025	5,000.00	5.11	2.52	16.54
Q3 2025	5,000.00	5.01	2.51	16.79

Period	Shares Outstanding (M)	EPS (Riyal)	Earnings Per Share before unusual items (Riyal)	Book Value (BV)
2015	5,000.00	1.85	1.87	12.11
2016	5,000.00	1.78	1.78	11.99
2017	5,000.00	2.00	2.00	12.57
2018	5,000.00	2.16	2.07	13.10
2019	5,000.00	2.13	2.08	12.35
2020	5,000.00	2.20	2.07	12.79
2021	5,000.00	2.26	2.21	13.85
2022	5,000.00	2.43	2.41	14.70
2023	5,000.00	2.66	2.23	15.80
2024	5,000.00	4.94	2.33	17.88

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Recurring P/E	Price/book
Q1 2016	13.92	13.74	2.15
Q2 2016	14.52	14.41	2.17
Q3 2016	12.69	12.67	1.87
Q4 2016	16.31	16.29	2.42
Q1 2017	14.80	14.91	2.21
Q2 2017	16.76	16.88	2.52
Q3 2017	14.83	14.99	2.30
Q4 2017	13.70	13.70	2.18
Q1 2018	16.46	16.46	2.61
Q2 2018	17.66	17.66	2.81
Q3 2018	16.72	16.72	2.66
Q4 2018	17.03	17.71	2.80
Q1 2019	19.67	20.43	3.15
Q2 2019	18.30	18.98	3.32
Q3 2019	19.01	19.71	3.55
Q4 2019	19.09	19.62	3.30
Q1 2020	16.16	17.42	2.78
Q2 2020	18.50	20.27	3.15
Q3 2020	18.73	20.52	3.15
Q4 2020	19.28	20.49	3.32
Q1 2021	22.98	23.30	3.90
Q2 2021	23.65	23.65	4.12
Q3 2021	22.50	22.86	3.71
Q4 2021	19.87	20.35	3.25
Q1 2022	18.92	18.96	3.06
Q2 2022	17.02	16.62	2.71
Q3 2022	16.36	16.23	2.68
Q4 2022	15.04	15.21	2.49
Q1 2023	16.35	16.88	2.68
Q2 2023	17.52	18.74	2.88
Q3 2023	13.64	16.51	2.38
Q4 2023	15.19	18.13	2.56
Q1 2024	14.70	17.49	2.46
Q2 2024	13.84	16.19	2.49
Q3 2024	16.18	17.48	2.76
Q4 2024	8.08	17.13	2.24
Q1 2025	9.05	18.66	2.49
Q2 2025	8.32	16.89	2.57
Q3 2025	8.80	17.59	2.63

Period	P/E	Recurring P/E	Price/book
2015	14.78	14.64	2.26
2016	16.31	16.29	2.42
2017	13.70	13.70	2.18
2018	17.03	17.71	2.80
2019	19.09	19.62	3.30
2020	19.28	20.49	3.32
2021	19.87	20.35	3.25
2022	15.04	15.21	2.49
2023	15.15	18.07	2.56
2024	8.08	17.13	2.24

Business Segments (Million)

Compared With The

Period	STC (Saudi arabia)	STC channels Company	Solutions	Kuwait Telecommunication Company "STC Kuwait"	stc Bahrain BSC	stc Bank	Center 3	Gulf Digital Media Model Company (GDMM) (Intigral)	Advanced Technology and Cybersecurity Company ( sirar )	Public Telecommunications Company (Specialized)	IOT2	SCCC	Other operating segments	Consolidation adjustments & eliminations
Q1 2016	11,140.70	864.25	-	-	-	-	-	-	-	-	-	-	1,976.63	(752.96)
Q2 2016	11,759.92	814.10	-	-	-	-	-	-	-	-	-	-	2,092.28	(1253.32)
Q3 2016	11,578.66	694.60	-	-	-	-	-	-	-	-	-	-	2,148.24	(395.70)
Q4 2016	11,718.75	655.71	-	-	-	-	-	-	-	-	-	-	1,988.92	(2357.10)
Q1 2017	10,797.74	666.17	-	-	-	-	-	-	-	-	-	-	1,613.10	(552.90)
Q2 2017	11,131.56	742.11	-	-	-	-	-	-	-	-	-	-	2,239.26	(1071.76)
Q3 2017	9,839.32	467.79	-	-	-	-	-	-	-	-	-	-	2,071.73	242.50
Q4 2017	9,676.60	1,179.03	-	-	-	-	-	-	-	-	-	-	2,425.11	(806.03)
Q1 2018	9,698.95	1,252.37	-	-	-	-	-	-	-	-	-	-	2,042.44	(644.69)
Q2 2018	9,897.49	1,647.03	-	-	-	-	-	-	-	-	-	-	2,430.66	(895.78)
Q3 2018	10,197.06	1,110.89	-	-	-	-	-	-	-	-	-	-	2,416.37	(404.43)
Q4 2018	9,562.79	12,872.44	-	-	-	-	-	-	-	-	-	-	2,613.09	(11833.44)
Q1 2019	9,512.20	2,322.58	-	-	-	-	-	-	-	-	-	-	2,531.06	(980.09)
Q2 2019	10,340.08	6,278.51	-	-	-	-	-	-	-	-	-	-	3,051.22	(6066.25)
Q3 2019	10,294.47	4,341.27	-	-	-	-	-	-	-	-	-	-	3,354.69	(3876.80)
Q4 2019	10,112.36	4,467.44	-	-	-	-	-	-	-	-	-	-	3,691.23	(5006.43)
Q1 2020	10,333.04	4,295.21	-	-	-	-	-	-	-	-	-	-	3,610.19	(4303.59)
Q2 2020	10,283.06	4,966.19	-	-	-	-	-	-	-	-	-	-	3,779.31	(4108.33)
Q3 2020	11,041.84	3,706.50	-	-	-	-	-	-	-	-	-	-	4,215.33	(4082.24)
Q4 2020	11,240.89	4,559.90	-	-	-	-	-	-	-	-	-	-	4,129.05	(4713.03)
Q1 2021	11,258.37	4,929.84	1,866.79	-	-	-	-	-	-	-	-	-	2,254.30	(4613.80)
Q2 2021	11,223.51	5,327.80	1,937.20	-	-	-	-	-	-	-	-	-	2,352.57	(4942.31)
Q3 2021	11,469.19	4,745.07	1,951.46	-	-	-	-	-	-	-	-	-	2,473.09	(4903.46)
Q4 2021	11,494.77	5,626.77	1,452.88	-	-	-	-	-	-	-	-	-	2,867.06	(5763.11)
Q1 2022	12,299.31	3,078.37	2,242.90	950.30	419.14	235.36	-	125.23	54.81	69.58	-	-	678.61	(3234.24)
Q2 2022	12,220.50	2,770.27	2,085.15	934.00	427.20	249.65	-	130.68	148.33	75.09	-	-	704.09	(2915.01)
Q3 2022	12,370.96	2,596.56	2,039.16	947.92	448.35	262.45	-	109.97	111.80	76.24	-	-	735.32	(3390.98)
Q4 2022	11,885.63	3,006.07	2,437.88	1,281.29	495.45	293.32	-	172.18	115.35	140.86	-	-	811.35	(3264.91)
Q1 2023	12,188.99	3,765.58	2,676.27	1,061.01	473.42	223.64	-	157.41	100.68	60.22	-	-	884.55	(3412.45)
Q2 2023	12,447.95	3,769.91	2,701.29	1,069.31	477.74	244.86	-	130.91	148.49	79.63	-	-	1,025.44	(3768.54)
Q3 2023	12,384.58	3,215.50	2,794.64	1,030.42	481.92	299.86	-	176.78	170.43	90.36	-	-	443.15	(3053.26)
Q1 2024	12,332.52	4,151.80	2,808.65	1,009.28	491.28	300.04	401.38	-	120.50	73.28	58.83	44.83	181.82	(3066.50)
Q2 2024	12,461.06	3,847.29	2,771.47	1,018.12	474.51	303.67	487.10	-	129.43	86.64	47.70	36.73	161.71	(2866.23)
Q3 2024	12,442.33	3,583.00	2,753.16	1,025.38	478.35	320.20	495.39	-	160.37	95.58	73.83	40.22	165.82	(3035.79)
Q4 2024	12,407.99	3,528.51	3,730.62	1,052.70	483.83	337.74	527.85	-	322.38	116.27	121.07	66.12	219.99	(3486.39)
Q1 2025	12,651.51	4,052.20	2,823.89	1,062.58	504.23	319.72	482.91	-	145.65	69.00	53.43	41.95	15.15	(3012.56)
Q2 2025	12,667.03	3,686.22	2,901.54	1,073.71	503.29	376.73	493.52	-	177.08	103.01	74.02	48.51	22.03	(2675.88)
Q3 2025	13,045.09	3,442.05	3,097.60	1,000.70	495.57	336.20	471.21	-	204.87	70.13	55.81	71.75	14.12	(3041.39)

Period	STC (Saudi arabia)	STC channels Company	Solutions	Kuwait Telecommunication Company "STC Kuwait"	stc Bahrain BSC	stc Bank	Center 3	Gulf Digital Media Model Company (GDMM) (Intigral)	Advanced Technology and Cybersecurity Company ( sirar )	Public Telecommunications Company (Specialized)	IOT2	SCCC	Other operating segments	Consolidation adjustments & eliminations
2015	-	-	-	-	-	-	-	-	-	-	-	-	50,650.61	-
2016	46,198.02	3,028.66	-	-	-	-	-	-	-	-	-	-	8,206.06	(4759.08)
2017	41,445.23	3,055.10	-	-	-	-	-	-	-	-	-	-	8,349.20	(2188.19)
2018	39,356.28	16,882.73	-	-	-	-	-	-	-	-	-	-	9,502.56	(13778.33)
2019	40,259.11	17,409.80	-	-	-	-	-	-	-	-	-	-	12,628.20	(15929.56)
2020	42,898.83	17,527.80	-	-	-	-	-	-	-	-	-	-	15,733.88	(17207.19)
2021	45,445.84	20,629.47	7,208.34	-	-	-	-	-	-	-	-	-	9,947.02	(20222.68)
2022	48,776.40	11,451.27	8,805.09	4,113.51	1,790.15	1,040.79	-	538.06	430.29	361.77	-	-	2,929.37	(12805.14)
2023	49,218.18	14,194.21	11,040.49	3,986.03	1,913.29	1,063.01	1,089.22	643.31	588.61	397.49	72.54	72.15	3,409.88	(12567.90)
2024	49,643.89	15,110.61	12,063.90	4,105.48	1,927.97	1,261.65	1,911.72	-	732.68	371.76	301.43	187.90	729.35	(12454.92)

Analysts Estimates (Million)

Item	Profit (Expected)	Profit (Actual)	Change	Profit Before Unusual Items	Change
Average	3,604.78	4,106.94		3,632.94

Estimates vs Actual (Million)

Item	Profit (Expected)	Profit (Actual)	Profit Before Unusual Items
U-Capital	4,172.60	4,106.94	3,632.94
Value Capital	3,961.00	4,106.94	3,632.94
Sico	3,851.00	4,106.94	3,632.94
United Securities Company	3,691.00	4,106.94	3,632.94
SNB Capital	3,673.00	4,106.94	3,632.94
YAQEEN	3,632.00	4,106.94	3,632.94
Riyad Capital	3,437.00	4,106.94	3,632.94
AlJazira Capital	3,421.00	4,106.94	3,632.94
UBS Saudi Arabia	3,327.00	4,106.94	3,632.94
Goldman Sachs	3,300.00	4,106.94	3,632.94
Bank of America	3,187.00	4,106.94	3,632.94

Financial Ratios

	Current
Market Cap (M Riyal)	209,100.21
Enterprise Value (EV) (M Riyal)	212,184.18
Shares Outstanding ((M))	5,000.00
EPS ( Riyal) (TTM)	2.97
Book Value (BV) ( Riyal)	16.68
Par Value ( Riyal)	10.00
Recurring P/E	14.61
P/E (TTM)	14.10
Price/book	2.51
Return on Average Assets (%) (TTM)	9.3
Return on Average Equity (%) (TTM)	17.2
EV/adj EBITDA	8.67
EV/Revenues	2.73

Saudi Telecom Co. (STC)

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stc net profit climbs to SAR 11.58B in 9M 2025; Q3 at SAR 4.1B

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stc net profit climbs to SAR 11.58B in 9M 2025; Q3 at SAR 4.1B

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Financials (M)

Current Quarter Comparison (M)

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Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

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Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q3 2025

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