solutions by stc, the leading enabler of digital transformation in the Kingdom and the region, announced its financial results for the first quarter of 2026, achieving notable growth compared to the same period last year. The company’s revenues for Q1 reached approximately SAR 3,002 million, reflecting a 6.30% year-on-year increase. EBITDA reached SAR 492 million compared to SAR 448 million in the same quarter of the previous year, marking an increase of 9.8%, while net profit reached SAR 370 million, reflecting improved operational efficiency.
Commenting on the financial results, Chief Financial Officer Mr. Abdulrahman Al-Rubaia stated that the first quarter performance reflects the strength of operational execution across the company’s various business sectors, supporting the strategic direction of stc Group and reaffirming the continued focus on enhancing operational efficiency and maximizing shareholder value. These results were driven by the continued momentum in executing strategic projects through the operational integration of the solutions by stc ecosystem and its subsidiaries, enabling the company to deliver integrated digital solutions at scale that meet the needs of various sectors.
It is worth noting that during the first quarter, the company signed a strategic agreement with Saudi Aramco in the field of high-performance computing worth SAR 1.4 billion, further strengthening its capabilities in advanced digital infrastructure and artificial intelligence applications. It also expanded its business scope through a strategic agreement with National Water Company valued at SAR 519 million, supporting the diversification of its project portfolio.
Additionally, the company recently announced its recommendation to increase capital by 100%, reflecting its readiness to strengthen its financial position and expand its contributions to supporting digital transformation across high-growth sectors in the Kingdom and the region, in alignment with the objectives of the digital economy and Saudi Vision 2030.