Saudi Telecom Company (7010) Q3 2026 earnings summary

Executive summary

• 9M 2026 revenue reached 60,096 million, up 3.7% YoY; operating profit rose 4.1% and EBITDA 3.5%. Reported net profit fell 5.7%, while adjusted net profit increased 2.6%, excluding non-recurring items in both periods.

• Growth reflected stronger Saudi telecom operations and 9.0% revenue growth across subsidiaries, alongside infrastructure investment and subscriber expansion.

Financial highlights

• Gross profit increased 5.2% to 29,362 million; gross margin expanded to 48.9% from 48.2% YoY.

• Operating cash flow rose 5.2% to 11,885 million; free cash flow declined 20.6% to 4,141 million, mainly due to higher capex.

• Total assets grew 9.4% to 168,305 million and liabilities rose 19.3% to 79,833 million; shareholders’ equity increased 2.0% to 85,590 million.

Outlook and guidance

• Strategic priorities remain strengthening core telecom and digital businesses and expanding in growth areas; continued investment in infrastructure is intended to support future growth.

• High-speed internet expansion was over 95% complete, targeting more than 4K residential communities, 410K beneficiaries and 12K km of secondary roads.