KD 168.9 mn stc’s revenues first six months of 2026 with KD 17.5 mn net profit

Kuwait Telecommunications Company (stc) a world-class digital leader providing innovative services and platforms to customers and enabling the digital transformation in Kuwait, announced its financial results for the six months period ended 30 June 2026, highlighting the most significant achievements as well as the financial and operational performance.

In this regard, Eng. Muataz Abdullah Aldharrab, the company’s CEO, stated: “With the grace of Allah, Kuwait Telecommunications Company (stc) delivered positive financial and operational results during the first half of 2026, reflecting the continued resilience of its business performance and its ability to adapt to evolving operational dynamics, while maintaining its focus on creating sustainable value for shareholders and stakeholders.

Despite the challenges arising from global economic developments and the geopolitical events witnessed across the region during the period, stc maintained its leadership and market share, supported by the effective execution of its corporate strategy, a strong focus on strengthening its core business, and the development of new growth areas that support the long-term sustainability of its financial and operational performance.

As part of its commitment to meeting the evolving needs of its customers, stc continued to expand its portfolio of digital solutions and introduce innovative products and services for both the consumer and enterprise segments. Leveraging the rapid growth in demand for digital services, 5G technologies, and artificial intelligence solutions, the company is well positioned to capitalize on future opportunities, keep pace with the accelerating transformation of the telecommunications and information technology sector, and deliver sustainable returns to its shareholders.”

Commenting on stc’s key achievements during the first six months of 2026, Eng. Aldharrab, stated: “During this period, Kuwait Telecommunications Company (stc) continued to prioritize the safety of its employees and ensure business continuity by implementing a gradual plan for returning to the workplace after a period of remote work. This approach ensures a safe and healthy work environment while maintaining the highest levels of operational efficiency and delivering uninterrupted high-service quality to its customers.

stc continued to invest in strengthening its digital infrastructure and leveraging advanced technologies, including artificial intelligence, cloud computing, and cybersecurity solutions, thereby enhancing its operational resilience and improving customer experience.

In line with its strong commitment to sustainability and Environmental, Social, and Governance (ESG) principles, stc achieved a significant milestone by obtaining the ISO 20400:2017 certification for sustainable procurement. This international standard reflects the integration of sustainability principles into procurement practices and supply chain management. This achievement underscores the company’s commitment to adopting global best practices in responsible sourcing, enhancing transparency, managing risks, and creating sustainable economic, environmental, and social value, in support of its sustainability strategy and Kuwait Vision 2035.

stc also continued to implement its corporate social responsibility initiatives, reaffirming its commitment to its role as a responsible digital partner through the launch and execution of community-focused initiatives aimed at supporting various segments of society and promoting sustainable development. In addition, the company issued its third consecutive Sustainability Report, highlighting its efforts and practices across environmental, social, and governance (ESG) areas, while reflecting its approach to enhancing transparency and creating sustainable value for all stakeholders, in alignment with the company’s values and vision of generating a positive and lasting impact on society.”

Commenting on the financial results for the first six months of 2026, Eng. Muataz Aldharrab stated: "stc achieved good financial performance during the first half of 2026, supported by its flexible operating model. Total revenues reached KD 168.9 million during the first six months of 2026, compared to KD 174.6 million in the period last year.

This slight decline in revenue reflects the company’s continued focus on enhancing revenue quality by prioritizing higher value-added activities with better margins, supporting sustainable profitability and strengthening the resilience of its business model over the long term.

The consumer segment accounted for 77% of total revenues, while the enterprise segment contributed 23% of total revenues. Furthermore, stc continues to execute its strategic initiatives aimed at strengthening its position as an integrated digital enabler by expanding its range of services and technology solutions, supporting the evolving needs of customers and enhancing its ability to achieve sustainable growth in a dynamic business environment.”

Aldharrab added: “These results led to a 1.8% increase in EBITDA, reaching KD 46.3 million during the first six months of 2026, compared to KD 45.5 million for the same period in 2025. This improvement was supported by the efforts of its teams to enhance operational efficiency and optimize the cost structure.

Net profit amounted to KD 17.5 million (earnings per share of 18 fils), reflecting a growth rate of 1.3% during the first six months of 2026, compared to KD 17.3 million (earnings per share of 17 fils) for the same period in 2025. This performance reflects the effectiveness of the company’s approach to cost optimization and enhancing revenue quality, while continuing to direct investments toward future growth opportunities, capitalizing on the accelerating digital transformation across local and regional markets.

These results reaffirm stc’s ability to achieve balanced and sustainable growth, supported by a continued focus on operational efficiency and enhancing the value delivered to customers, contributing to sustained progress amid evolving market dynamics. It is worth noting that stc’s customer base reached approximately 2.3 million customers as of the end of June 2026, reflecting continued customer confidence in the services and solutions provided by the company."

Commenting on the company’s financial position as of June 30, 2026, Aldharrab stated: "Total assets amounted to KD 476.6 million by the end of the first half of 2026, while total shareholders’ equity stood at KD 219.2 million, reflecting the company’s strong financial position and the stability of its capital structure.

Amid ongoing economic transformations and geopolitical developments in the region, stc continues to adopt a flexible financial approach based on anticipating changes and capitalizing on available market opportunities. Thereby, to enhance sustainable value creation for shareholders and support the company’s readiness for future growth, while continuously reviewing its financial priorities in line with its strategy and the developments in the telecommunications and information technology sectors.

stc also continues to implement its investment plans at a measured pace aimed at strengthening its core business and diversifying revenue streams, leveraging the synergy between financial and operational performance to enhance efficiency and improve the company’s ability to achieve sustainable growth. stc’s strong financial position continues to enable it to expand its strategic projects and enhance its operational flexibility, while maintaining stable and sustainable financial performance. As part of its ongoing transformation journey, stc accelerated the integration of artificial intelligence (AI) across its operations throughout the year, contributing to enhanced business efficiency and improved ways of working. The deployment of AI in network management, customer services, and internal operations strengthened accuracy, accelerated response times, and optimized resource utilization, supporting the delivery of high-quality services and creating greater value for customers and shareholders.

Human capital development is considered by stc a key strategic priority, as the ccompany continues to invest in enhancing the capabilities of its workforce and building an enabling work environment that fosters high performance and innovation, leveraging its capabilities in artificial intelligence.

The company also continues to strengthen its governance framework and internal control systems in line with best practices and creating long-term value across all aspects of its business, thereby improving operational efficiency, enhancing transparency, and supporting business continuity in a rapidly evolving and dynamic environment.”