stc Group Reports Strong Financial Performance in Q1 2025
stc Group, a leading telecommunications and information technology company, has announced its preliminary financial results for the first quarter ending March 31, 2025. The company showcased a robust performance across key metrics, reflecting its strategic vision and commitment to innovation.
Revenue Growth and Profit Increase
During the first quarter, stc Group reported revenues of SR19,210 million, representing a 1.60% increase compared to the same period last year. The company also saw a rise in gross profit to SR9,098 million, marking a 5.01% year-on-year increase. Operating profit reached SR3,584 million, up 2.02% from the previous year.
Earnings before interest, taxes, zakat, depreciation, and amortization (EBITDA) climbed to SR6,120 million, reflecting a 5.25% growth compared to the comparable quarter last year. Net profit for the first quarter rose to SR3,649 million, showing a significant increase of 11.05%.
Dividends Distribution and Strategic Achievements
In line with its dividends distribution policy, stc announced a distribution of SR0.55 per share for the first quarter of 2025. CEO Eng. Olayan Alwetaid emphasized the company’s ambitious strategy and forward-looking vision that led to the strong financial performance. He highlighted the revenue growth, gross profit increase, and impressive rise in net profit compared to the previous year.
Alwetaid also pointed out strategic milestones achieved in early 2025, including the successful localization of software for eSIM technology in collaboration with Thales. This milestone made stc the first telecom operator in the world to obtain the SAS-UP license certification from the GSMA, showcasing the company’s commitment to innovation and technological advancement.
Strategic Partnerships and Infrastructure Enhancements
stc Group signed a strategic agreement with Ooredoo to establish an international ground fiber network corridor between Saudi Arabia and Oman, aiming to enhance regional connectivity. The company also strengthened its position in cloud computing and artificial intelligence by partnering with Amazon Web Services (AWS) to deliver advanced technological solutions tailored to diverse sectors.
Additionally, stc enhanced its telecommunications network at the Two Holy Mosques during Ramadan, achieving a 120% increase in connection speeds to provide an exceptional communication experience for visitors during peak periods.
Commitment to Digital Transformation and Economic Growth
stc Group reaffirmed its commitment to driving national economic growth through strategic initiatives that empower various sectors. The company aims to solidify its position as a key partner in building a sustainable digital future aligned with the Kingdom’s aspirations for a diversified, innovation-driven economy.
