Saudi Telecom Company (7010) Q1 2026 earnings summary

Executive summary

• Achieved strong operational and financial momentum in Q1 2026, with revenue up 3.8% and EBITDA up 7.1% year-over-year.

• Net profit attributable to equity holders rose 1.3% year-over-year, and 12% after excluding non-recurring items.

• Continued execution of digital infrastructure strategy, including the Silklink project in Syria and support for major national events.

• Recognized for excellence in data governance and innovation, winning two regional awards.

Financial highlights

• Revenue reached 19,939 million, up 3.8% from Q1 2025.

• EBITDA increased to 6,557 million, a 7.1% rise year-over-year.

• Operating profit grew 11.0% to 3,978 million.

• Net profit attributable to equity holders was 3,696 million, up 1.3% year-over-year.

• Free cash flow surged 494% to 3,885 million.

Outlook and guidance

• Management expects continued growth through digital infrastructure expansion and regional projects.

• Strategic focus on sustainable, competitive long-term growth and digital transformation aligned with Saudi Vision 2030.