Saudi telecommunications giant stc Group has reported record-breaking financial results for the first nine months of 2025, achieving a net profit of SAR11,579 million, marking a 3.08% increase compared to the same period last year. The company’s exceptional performance demonstrates its continued leadership in Saudi Arabia’s digital transformation journey.
Strong Financial Performance
According to official figures released by stc, the company’s revenues reached SAR57,924 million, representing a solid 2.58% growth compared to the previous year. Notably, when excluding non-recurring items, the net profit showed an impressive growth of 14.84%, highlighting the company’s robust operational performance.
The company’s gross profit for the nine-month period reached SAR27,908 million, increasing by 5.70%, while operating profit stood at SAR10,834 million, showing a 2.42% increase after excluding non-recurring items. The earnings before Interest, Taxes, Zakat, Depreciation and Amortization (EBITDA) demonstrated strong growth of 5.72%, reaching SAR18,497 million.
Strategic Investments and Digital Infrastructure
Eng. Olayan Alwetaid, CEO of stc Group, emphasized the company’s commitment to maximizing revenues across various business segments while implementing strategic cost efficiency programs. A significant highlight is the company’s subsidiary center3’s announcement to expand its data center infrastructure to achieve a total capacity of 1 gigawatt by 2030, positioning the Kingdom as a strategic digital hub in the region.
The company has also formed a strategic partnership with Red Sea Global, investing over SAR1.2 billion to develop advanced digital infrastructure for Red Sea destinations, marking one of the largest investments in Saudi Arabia’s tourism sector.
Innovation and Digital Leadership
stc has demonstrated its technological leadership by launching the Business-Critical Network, the first of its kind in the Kingdom, offering high-speed, reliable, and encrypted communication capabilities. The company has also strengthened its position in AI development through center3’s strategic agreement with HUMAIN, a Public Investment Fund subsidiary, to support the Kingdom’s AI ecosystem.
Vision 2030 Alignment
These achievements directly support Saudi Arabia’s Vision 2030 objectives, particularly in digital transformation and economic diversification. The company’s commitment to local content development is evidenced by a 14% increase in its local content score, reaching 50.7% in 2025, with total annual spending of SAR21.31 billion, contributing significantly to the national economy’s growth and digital future.