Saudi Telecom Company (7010) Q1 2026 earnings summary

Executive summary

• Achieved strong operational and financial momentum in Q1 2026, with revenue up 3.8% YoY and EBITDA up 7.1% YoY, reflecting robust execution and shareholder focus.

• Net profit attributable to equity holders rose 1.3% YoY, and 12.0% YoY excluding non-recurring items.

• Maintained leadership in ICT, consumer, and enterprise segments in Saudi Arabia, with expanding customer base and network infrastructure.

• Enhanced brand value, ranked as the Middle East's most valuable telecom brand and third globally.

• Continued execution of digital infrastructure strategy, including the Silklink project in Syria and support for major national events.

Financial highlights

• Q1 2026 revenue reached 19,939 million, up 3.8% YoY; gross profit rose 7.4% YoY to 9,772 million, with margin at 49.0%.

• EBITDA increased to 6,557 million, margin improved to 32.9%.

• Operating profit grew 11.0% YoY to 3,978 million, with margin at 20.0%.

• Net profit attributable to equity holders was 3,696 million, up 1.3% YoY and 12.0% YoY excluding non-recurring items; net profit margin at 16.3%.

• Free cash flow surged 494% to 3,885 million.

Outlook and guidance

• Management expects continued growth through digital infrastructure expansion, strategic investments, and regional projects.

• Strategic focus on sustainable, competitive long-term growth and digital transformation aligned with Saudi Vision 2030.

• Strong cash position supports ongoing investment and shareholder returns.