HomeInvestmentKuwait's stc Nine-Month Profit Rises 1.8% to KD26.3 Million as Revenue Holds...

Kuwait’s stc Nine-Month Profit Rises 1.8% to KD26.3 Million as Revenue Holds at KD256 Million

Kuwait Telecommunications Company (stc) said net profit rose 1.8% to KD26.3 million in the first nine months of 2026 from KD25.8 million a year earlier.

Earnings per share were unchanged at 26 fils, the company said in a results statement carried by Al Anba.

The illuminated headquarters of Kuwait Telecommunications Company stc in Kuwait City at night
The headquarters of Kuwait Telecommunications Company (stc) lit up at night in Kuwait City, in a photo published on October 27, 2026. Photo: Al Anba

Revenue rose 0.1% to KD256 million from KD255.7 million, according to Moataz Al-Dharrab, the company’s chief executive officer.

Earnings before interest, tax, depreciation and amortization (EBITDA) increased 1.1% to KD70 million from KD69.2 million.

The consumer segment accounted for 78% of revenue, and the business segment for 22%, the company said.

Total assets stood at KD474.8 million at the end of September, and shareholders’ equity was KD228 million.

The company’s customer base reached about 2.4 million at the end of September.

“stc delivered good financial results during the first nine months of 2026, supported by the resilience of its operating model,” Al-Dharrab said.