168.9 million KD in stc revenues in the first half of 2026
- KD 46.3 million in earnings before interest, taxes, depreciation, and amortization (EBITDA)
- Mutaaz Al-Darab:
- The company’s results reflect the continuity of its business performance and its ability to adapt to operational changes
- stc continued to expand its portfolio of digital solutions and deliver innovative products and services
Kuwait Telecom Company (stc), the leader in enabling digital transformation and delivering innovative services and platforms to customers in Kuwait, announced its results for the six-month period ended June 30, 2026, highlighting key achievements as well as financial and operational performance.
The company’s revenues reached KD 168.9 million, while earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at KD 46.3 million. Net profit amounted to KD 17.5 million, with earnings per share of 18 fils. Total assets reached KD 476.6 million, and shareholders’ equity stood at KD 219.2 million. The book value per share was 219 fils, and the customer base reached 2.3 million customers.
In this regard, Mutaaz Al-Darab, the company’s Chief Executive Officer, stated: “stc recorded positive financial and operational results during the first half of 2026, reflecting the continuity of its business performance and its ability to adapt to operational changes, while continuing to focus on delivering sustainable value to shareholders and stakeholders.”
He added that despite challenges arising from global economic shifts and geopolitical developments in the region during the period, the company maintained its leading position and market share, relying on the effective execution of its corporate strategy and its focus on strengthening core businesses, alongside developing new growth areas that support long-term financial and operational sustainability.
Reaffirming its commitment to meeting the growing needs of its customers, Al-Darab emphasized that stc continued to expand its portfolio of digital solutions and deliver innovative products and services to both individual and business customers, capitalizing on the rapid growth in demand for digital services, fifth-generation (5G) technologies, and artificial intelligence solutions. This enhances its readiness to seize future opportunities and keep pace with the rapid transformations in the telecommunications and information technology sector, while delivering sustainable returns to its shareholders.
Commenting on the key achievements attained by stc during the first six months of 2026, Al-Darab said: “During this period, Kuwait Telecom Company (stc) continued to prioritize the safety of its employees and ensure business continuity by implementing a phased return-to-office plan following a period of remote work, ensuring a safe and healthy work environment while maintaining the highest levels of operational efficiency and uninterrupted service quality for its customers. The company also continued investing in strengthening its digital infrastructure and leveraging advanced technologies, including artificial intelligence, cloud computing, and cybersecurity solutions, which enhance its operational resilience and elevate the customer experience.”
In line with its firm commitment to sustainability and environmental, social, and governance (ESG) principles, stc achieved a significant milestone by obtaining the ISO 20400:2017 certification for sustainable procurement. This international standard reflects the integration of sustainability principles into purchasing practices and supply chain management. This achievement underscores the company’s dedication to adopting global best practices in responsible procurement, enhancing transparency, managing risks, and creating sustainable economic, environmental, and social value, thereby supporting the company’s sustainability strategy and Kuwait Vision 2035.
stc also continued to implement its corporate social responsibility initiatives, reaffirming its commitment to its role as a responsible digital partner. This was achieved through the launch and execution of community-focused initiatives aimed at supporting various segments of society and promoting sustainable development. Additionally, the company issued its Sustainability Report for the third consecutive year, highlighting its efforts and practices in the areas of environment, society, and governance. The report reflects its approach to enhancing transparency and creating sustainable value for all stakeholders, aligning with the company’s values and vision to achieve a positive and lasting impact on society.
Commenting on the results achieved during the first half of 2026, Al-Darraj stated, “stc achieved solid financial results in the first half of 2026, supported by the resilience of its operational model. Total revenues amounted to SAR 168.9 million, compared to SAR 174.6 million in the same period last year. This slight decline in revenues reflects the company’s continued focus on improving revenue quality by concentrating on value-added activities and higher profit margins, thereby supporting profitability sustainability and enhancing the long-term resilience of its business model.”
stc continues to execute its strategic initiatives aimed at strengthening its position as an integrated digital enabler, by expanding its services and technological solutions. This supports meeting evolving customer needs and enhances its ability to achieve sustainable growth in a dynamic business environment.
Al-Darraj added, “These results led to a 1.8% growth in earnings before interest, taxes, depreciation, and amortization (EBITDA), reaching SAR 46.3 million during the first six months of 2026, compared to SAR 45.5 million. This growth was driven by the efforts of the workforce in enhancing operational efficiency and improving the cost structure.”
Net profit reached SAR 17.5 million (earnings per share of 18 fils), representing a 1.3% growth compared to SAR 17.3 million (earnings per share of 17 fils) in the corresponding period of 2025. This performance reflects the effectiveness of the company’s approach to cost control and revenue quality enhancement, alongside its continued redirection of investments toward future growth opportunities, leveraging the accelerated digital transformation in local and regional markets.
These results underscore stc’s ability to achieve balanced and sustainable growth, supported by a focus on operational efficiency and enhancing the value delivered to customers, contributing to continued growth amid market developments.
Al-Darraj said, “The company’s assets amounted to SAR 476.6 million, while total shareholders’ equity reached SAR 219.2 million, reflecting the strength of the financial position and the stability of the company’s capital structure.”
Amid ongoing economic shifts and geopolitical developments in the region, stc continues to adopt a flexible financial approach based on anticipating changes and capitalizing on available market opportunities. This enhances the creation of sustainable value for shareholders and supports the company’s readiness for future growth, with continuous review of its financial priorities in alignment with its strategy and developments in the telecommunications and information technology sectors.
