Tadawul-
Element List Current Quarter Similar Quarter For Previous Year %Change Previous Quarter % Change
Sales/Revenue 19,985 19,264 3.742 20,171 -0.922
Gross Profit (Loss) 9,724 9,251 5.112 9,865 -1.429
Operational Profit (Loss) 3,511 3,627 -3.198 3,793 -7.434
Net Profit (Loss) Attributable to Shareholders of the Issuer 3,599 4,107 -12.369 3,623 -0.662
Total Comprehensive Income Attributable to Shareholders of the Issuer 3,739 3,942 -5.149 2,968 25.977
All figures are in (Millions) Saudi Arabia, Riyals
Element List Current Period Similar Period For Previous Year %Change
Sales/Revenue 60,096 57,924 3.749
Gross Profit (Loss) 29,362 27,908 5.209
Operational Profit (Loss) 11,282 10,834 4.135
Net Profit (Loss) Attributable to Shareholders of the Issuer 10,918 11,579 -5.708
Total Comprehensive Income Attributable to Shareholders of the Issuer 10,749 12,659 -15.088
Total Shareholders Equity (after Deducting Minority Equity) 85,590 83,948 1.955
Profit (Loss) per Share 2.19 2.32
All figures are in (Millions) Saudi Arabia, Riyals
Element List Amount Percentage Of The Capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value - -
All figures are in (Millions) Saudi Arabia, Riyals
Element List Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is stc achieved revenue of SAR 19,985m in the 3rd quarter, an increase of 3.7%. This growth was mainly driven by an 18.5% increase in subsidiaries’ revenue.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is stc achieved a net profit of SAR 3,599m in the 3rd quarter, mainly due to the following:
- Gross profit increased by 5.1% to SAR 9,724m, compared to SAR 9,251m.
- Operating profit decreased by SAR 116m.
- Total other income decreased by SAR 69m, as a result of the following:
1. A decrease in finance income of SAR 70m, and an increase in finance cost of SAR 124m.
2. In parallel: (a) an increase in net share in results of investments in associates and joint ventures of SAR 52m; (b) an increase in net other gains of SAR 62m, mainly due to gains recorded from lands sold during the current quarter.
- Recording zakat and income tax expense amounting to SAR (156m), compared to a positive contribution of SAR 157m in the comparable quarter last year, resulting from the reversal of zakat provision related to prior years during the comparable quarter last year, that was no longer required.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is stc achieved revenue of SAR 19,985m in the 3rd quarter, which was primarily attributable to increases in Commercial unit revenue of 0.2% and subsidiaries revenues of 5.0%.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is stc achieved a net profit of SAR 3,599m in the 3rd quarter, with growth of 3.6% after excluding non-recurring items in the previous quarter, mainly due to the following:
- Gross profit decreased by SAR 140m.
- Operating profit decreased by SAR 282m.
- Total other income increased by SAR 351m, as a result of the following:
1. Net other gains (losses) recorded amounting to SAR 673m, compared to SAR (62m), mainly due to gains recorded from lands sold and gains from the revaluation of STV LP fund units during the current quarter.
2. In parallel: (a) a decrease in finance income of SAR 85m, and an increase in finance cost of SAR 12m; (b) net other (expenses) income amounting to SAR (88m) were recorded, compared to SAR 187m.
- An increase in zakat and income tax expense of SAR 107m, resulting from the reversal of zakat provision related to prior years during the previous quarter, that was no longer required.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is stc achieved revenue of SAR 60,096m during the 9 months period, an increase of 3.7%, which was primarily attributable to increases in Commercial unit revenue of 2.0%, Carriers and Wholesale unit revenue of 5.1%, and subsidiaries’ revenue of 9.0%. This strong performance reflects stc’s successful execution of its strategy, strengthening its core business, expanding into promising growth areas, and accelerating growth across its subsidiaries.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is stc achieved a net profit of SAR 10,918m during the 9 months period, representing growth of 2.6% after excluding non-recurring items in the current and the comparable period last year, mainly due to the following:
- Gross profit increased by 5.2% to SAR 29,362m, compared to SAR 27,908m.
- Earnings before interest, taxes, zakat, depreciation and amortization (EBITDA) increased by 3.5% to SAR 19,150m, compared to SAR 18,497m. This growth reflects stc’s success in strengthen its operational performance, supported by revenue growth and enhanced operational efficiency.
- Operating profit increased by 4.1% to SAR 11,282m, compared to SAR 10,834m.
- Total other income decreased by SAR 31m as a result of the following:
1. A decrease in finance income of SAR 376m, and an increase in finance cost of SAR 281m.
2. In parallel:(a) Recording net other (expenses) income amounting to SAR 98m, compared to SAR (96m); (b) an increase in net share in results of investments in associates and joint ventures of SAR 173m; (c) an increase in net other gains of SAR 227m, mainly due to gains recorded from lands sold during the current period and non-recurring loss recorded during the comparable period last year, as a result of the change in the financial instruments following the increase of stc’s ownership in Telefonica from 4.97% to 9.97%.
- Recording zakat and income tax expense amounting to SAR (357m), compared to a positive contribution of SAR 683m, mainly due to the reversal of zakat provision related to prior years, during the comparable period last year, that was no longer required.
Statement of the type of external auditor's report Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) -
Reclassification of Comparison Items -
Additional Information The total number of Treasury shares related to the Employees Stock Incentives Plan stood at 15,512 shares (in thousand) at the end of Q3 2026, and those shares are not entitled for dividends distribution. As a result, basic earnings per share (EPS) was calculated based on the weighted average number of ordinary shares in a total of 4,988,771 shares (in thousand) for the 3rd quarter of 2026.
For more information, please refer to the investor relations press release attached to the announcement.
We would like to draw the attention of our esteemed investors that they can access information on stc’s stock performance, dividend distributions, stc’s results and financial statements, and many more features through (stc Investor Relations application).