stc generates SAR 3.6bn net profits in Q1-26; dividends announced

STC
7010 0.42% 42.82 0.18

Riyadh- Mubasher: Saudi Telecom Company (stc) recorded 1.28% year-on-year (YoY) higher net profits at SAR 3.69 billion in the first quarter (Q1) of 2026, compared to SAR 3.64 billion.

The revenues jumped by 3.79% YoY to SAR 19.93 billion as of 31 March 2026 from SAR 19.21 billion, according to interim consolidated financial results.

Likewise, the earnings per share (EPS) went up to SAR 0.74 in Q1-26 from SAR 1.73 a year earlier.

The quarterly profits increased by 13.75% from SAR 3.24 billion in Q4-25, while the revenues grew by 0.22% from SAR 19.89 billion.

Cash Dividends

In accordance with the group’s three-year dividend distribution policy, the board approved cash dividends of SAR 2.74 billion, representing 5.50% of the capital.

Eligibility and payment dates for the quarterly dividends will be 30 April and 20 May 2026, respectively.

Group CEO Olayan Alwetaid highlighted the group’s strategy to expand regional digital infrastructure through the Silklink project.

This initiative, in partnership with the Syrian Sovereign Fund and an investment of SAR 3 billion, aims to implement telecommunications infrastructure in Syria.

He affirmed that the project is a significant step toward building a cross-border digital ecosystem by developing advanced infrastructure that connects Syria regionally and internationally through a fiber-optic network of over 4,500 kilometers, as well as data centers and international submarine cable landing stations.

In 2025, stc ended the year with net profits of SAR 14.82 billion and revenues amounting to SAR 77.81 billion.

Source: Mubasher Source: {{details.article.source}}