Saudi Telecom Company (stc group) said operating profit for the first nine months of 2026 rose 4.1% to SR11.28 billion, as revenue increased 3.7% to SR60.10 billion.
Nine-month gross profit rose 5.2% to SR29.36 billion and EBITDA increased 3.5% to SR19.15 billion, the company said in a results statement carried by Argaam. Net profit reached SR10.92 billion, up 2.6% when non-recurring items are excluded.
Third-quarter net profit fell about 12% from a year earlier to SR3.59 billion, according to the company’s Saudi Exchange filing. stc said quarterly profit came in above the average of analyst estimates.
The board approved a cash dividend of SR0.55 per share for the third quarter, bringing total dividends for the first nine months to SR8.2 billion.
Revenue from subsidiaries rose 9.0% in the nine-month period and 18.5% in the third quarter. Mobile subscribers grew 4.8% to 30.6 million, fixed-line subscribers rose 4.0% to 6.2 million and homes connected to fiber increased 7% to 3.95 million.
The number of 5G towers rose 31.5% to about 12,380, the company said.
