Saudi Telecom stock faces mixed nine-month earnings picture
Published on 11/09/2026 at 02:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSNine-month results shape outlook
- Core operations expanded despite weaker reported earnings.
- Financing costs and nonrecurring items weighed on headline profit.
- Cloud, data centers and digital infrastructure are becoming key growth areas for Saudi telecom operators.
Saudi Telecom's revenue increased in the first nine months of 2026, but reported profit declined as financing costs and nonrecurring items weighed on earnings. Asharq Al-Awsat reported the figures on November 1 and said stc remained the largest of Saudi Arabia's listed telecom operators by revenue.
Saudi Telecom generated 60.1 billion Saudi riyals in revenue for the nine-month period, up 3.75 percent year on year, according to the report. Net profit fell 5.71 percent to 10.92 billion Saudi riyals, while operating profit increased 4.1 percent. Excluding nonrecurring items in both periods, net profit rose 2.6 percent.
Revenue growth meets earnings pressure
The contrast between rising sales and lower reported profit highlights the factors shaping the stock's investment case. Asharq Al-Awsat cited lower finance income, higher financing costs and one-off items, while analysts also pointed to the capital intensity of network upgrades, data centers and digital services.
Saudi Telecom stock traded at 41.20 Saudi riyals on Tadawul at 3:12 p.m. AST on Sunday, November 8, 2026. The next focus for investors is whether continued growth in core telecom operations and digital services can translate into stronger earnings and cash generation.
Business model and competition
Saudi Telecom provides mobile and fixed-line connectivity, home internet, business communications, cloud and Internet of Things services, digital solutions and satellite-related offerings, with Saudi Arabia as its main market. The group also operates through subsidiaries as it expands beyond traditional connectivity. In the domestic telecom market, Mobily and Zain Saudi Arabia are its principal listed competitors. Saudi Telecom is materially larger than both on the revenue measure cited by Asharq Al-Awsat, which attributed about 72 percent of the combined revenue of the three operators to stc.
Saudi Telecom at a glance
- Company: Saudi Telecom Company
- ISIN: SA0007879543
- Ticker: 7010.SR
- Exchange: Tadawul
- Quote: 41.20 Saudi riyals at 3:12 p.m. AST on November 8, 2026
- Reporting period: First nine months of 2026
Saudi Telecom's investor materials cover mobile, home internet, business connectivity, cloud and other digital services on the Saudi Telecom investor page.
The Saudi market is increasingly focused on digital infrastructure, telecommunications investment and the transition toward higher-value technology services; see Current market reports.
