Financial performance

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Highlights of stc’s operating results in 2025 compared to 2024

Income statement

Continuing operations

Statement (% '000) 2025Consolidated 2024Consolidated Difference %
Revenues 77,818,675 75,893,413 1,925,262 2.5%
Cost of revenues (40,118,986) (38,567,489) (1,551,497) 4.0%
Gross profit 37,699,689 37,325,924 373,765 1.0%
Total operating expenses (23,261,425) (22,900,286) (361,139) 1.6%
Operating Profit 14,438,264 14,425,638 12,626 0.1%
Other income and expenses 284,378 (2,291,191) 2,575,569 (112.4%)
Zakat and income tax 466,436 (1,191,564) 1,658,000 (139.1%)
Net Profit from continuing operations 15,189,078 10,942,883 4,246,195 38.8%
Net Profit from discontinued operations (54,133) 13,973,360 (14,027,493) (100.4%)
Net Profit attributable to stc’s Equity holders of the Parent Company 14,828,030 24,688,652 (9,860,622) (39.9%)
Net Profit attributable to non-controlling interests 306,915 227,591 79,324 34.9%
Net Profit 15,134,945 24,916,243 (9,781,298) (39.3%)

Summary of stc’s assets, liabilities, and results for the past five fiscal years:

Income statement

Statement (% '000) 2021Consolidatedrevised 2022Consolidatedrevised 2023Consolidatedrevised 2024*Consolidatedrevised 2025Consolidated
Revenues activity 63,007,986 67,431,546 71,777,161 75,893,413 77,818,675
Costs of activity revenues (29,213,957) (30,038,291) (37,037,095) (38,567,489) (40,118,986)
Total profit of the activity 33,794,029 37,393,255 34,740,066 37,325,924 37,699,689
Operating expenses (20,666,274) (22,304,814) (21,578,775) (22,900,286) (23,261,425)
Profit from operating activity 13,127,755 15,088,441 13,161,291 14,425,638 14,438,264
Other revenues and expenses - net (492,692) (1,618,344) 825,752 (2,291,191) 284,378
Zakat, taxes and non-controlling interests (1,323,721) (1,299,560) (1,450,708) (1,419,155) 773,351
Net profit from continuing operations - - 12,660,433 10,942,883 15,189,078
Net profit from discontinued operations - - 759,046 13,973,360 (54,133)
Net profit attributable to stc’s shareholders 11,311,342 12,170,537 13,295,381 24,688,652 14,828,030

Other comprehensive income

Statement (% '000) 2021Consolidatedrevised 2022Consolidatedrevised 2023Consolidatedrevised 2024*Consolidatedrevised 2025Consolidated
Net profit including non-controlling interests 11,594,697 12,386,922 13,419,479 24,916,243 15,134,945
Total items that may not be reclassified subsequently to the consolidated statement of profit or loss 317,616 818,534 (205,380) 320,838 (804,603)
Total items that may be reclassified subsequently to the consolidated statement of profit or loss 99,789 (174,583) 19,466 (629,010) 822,458
Total (comprehensive loss)/other comprehensive income 417,405 643,951 (185,914) (308,172) 17,855
Total comprehensive income 12,012,102 13,030,873 13,233,565 24,608,071 15,152,800
Total comprehensive income attributable to stc’s shareholders 11,717,489 12,840,311 13,138,635 24,436,813 14,854,328
Total comprehensive income attributable to non-controlling interests 294,613 190,562 94,930 171,258 298,472

Statement of financial position

Statement (% '000) 2021Consolidatedrevised 2022Consolidatedrevised 2023Consolidatedrevised 2024*Consolidatedrevised 2025Consolidated
Current assets (A) 51,468,074 60,790,447 70,776,373 72,745,125 58,015,755
Fixed and intangible assets 57,939,836 58,420,288 65,702,712 56,676,965 60,611,503
Other non-current assets 18,371,507 18,009,251 23,166,784 31,216,053 38,849,411
Total assets 127,779,417 137,219,986 159,645,869 160,638,143 157,476,669
Current liabilities (B) 33,560,552 36,400,164 47,623,038 38,956,261 40,172,575
Long-term loans 7,846,606 10,213,750 13,641,768 14,740,155 14,404,268
Other non-current liabilities 14,986,280 14,580,480 16,865,897 14,456,680 16,513,486
Total liabilities 56,393,438 61,194,394 78,130,703 68,153,096 71,090,329
Paid capital 20,000,000 50,000,000 50,000,000 50,000,000 50,000,000
Reserves, retained earnings and treasury shares 49,270,505 23,499,525 28,984,945 39,416,542 33,413,571
Equity attributable to shareholders of stc 69,270,505 73,499,525 78,984,945 89,416,542 83,413,571
Non-controlling interests 2,115,474 2,526,067 2,530,221 3,068,505 2,972,769
Total equity 71,385,979 76,025,592 81,515,166 92,485,047 86,386,340
Total liabilities and equity 127,779,417 137,219,986 159,645,869 160,638,143 157,476,669
Working capital (A-B) 17,907,522 24,390,283 23,153,335 33,788,864 17,843,180

Cash flow statement

Statement (% '000) 2021Consolidatedrevised 2022Consolidatedrevised 2023Consolidatedrevised 2024*Consolidatedrevised 2025Consolidated
Net cash generated from operating activities 11,220,155 26,354,390 22,417,558 19,885,337 18,283,163
Net cash used in investing activities (1,714,583) (8,578,939) (28,383,342) (7,178,981) 2,546,411
Net cash used in financing activities (10,235,177) (8,255,503) 1,590,929 (10,495,146) (23,000,575)
Net cash flow (729,605) 9,519,948 (4,374,855) 2,211,210 (2,171,001)
Cash and cash equivalents at the beginning of the year 9,004,286 8,281,301 17,751,588 13,371,320 15,543,441
Impact of foreign currency exchange differences 6,620 (6,856) (5,413) (39,089) 3,631
Cash and cash equivalents at the end of the year 8,281,301 17,794,393 13,371,320 15,543,441 13,376,071

*Certain comparative figures for the year ended December 31, 2024, were reclassified to conform with the classification used in the financial statements for the year ended December 31, 2025.