Saudi Electricity Company (5110) Q3 2025 earnings summary

Executive summary

• Net profit for the first nine months of 2025 reached SAR 11.6 billion, with strong revenue growth and record investments supporting the Kingdom's energy transition and future growth prospects.

• Strategic focus on expanding generation, transmission, and distribution, with major clean energy and digital infrastructure projects underway.

Financial highlights

• Operating revenue for 9M 2025 was SAR 78.3 billion, up 17.6% year-over-year; Q3 revenue was SAR 31.0 billion, up 9.6%.

• Gross profit for 9M 2025 rose 10.1% to SAR 17.7 billion, but Q3 gross profit declined 14.8% year-over-year.

• Operating profit for 9M 2025 increased 1.4% to SAR 16.1 billion; Q3 operating profit fell 15%.

• Net profit for 9M 2025 was SAR 11.6 billion, down 4.6% year-over-year; Q3 net profit dropped 22.7%.

• CapEx surged 86.4% to SAR 74 billion in 9M 2025, the highest in company history.

Outlook and guidance

• Continued focus on clean energy deployment, operational excellence, and reliability to drive future growth.

• Record investments expected to be key drivers of regulated asset base (RAB) growth and business expansion.