28/10/2025 05:16 AST
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 nine months period ended September 30, 2025, highlighting the most significant achievements as well as the financial and operational performance.
In this regard, Muataz Abdullah Aldharrab, the company's CEO, stated: "By the grace of God, stc achieved strong results during the first nine months of 2025, supported by its strategic plans focused on high-quality business growth, along with adopting a flexible operating model specifically designed to enhance the performance of the company and its subsidiaries.
Amid the ongoing global economic and political developments, stc is keen on sustaining its market share by providing the latest comprehensive and integrated technical solutions as well as innovative and advanced products that meet the needs of both individuals and the enterprise customers. The increasing demand for digital services and advanced 5G network solutions has also contributed to accelerating the accelerating the pace of refreshing stc's strategic plans and providing the best paths that will achieve value added and sustainable returns for shareholders."
Commenting on stc's key achievements during the third quarter of 2025, Aldharrab, stated: "stc's achievements throughout the third quarter of 2025 reflect the company's commitment to strategic investments and driving sustainable growth to fulfill its vision and dedication to providing the best digital services and products. Following the role out of its advanced 5G network in June-2025, stc continues to enhance the digital experience through monitoring its infrastructure using specialized tools that ensure the efficiency and quality operations.
To further strengthen its market position, stc has signed several agreements and partnerships with government entities to support digital transformation and provide integrated and innovative services that serve mutual interests and enhance the overall customer experience."
Commenting on the financial results for the first nine months of 2025, Muataz Aldharrab stated: "stc delivered strong financial performance during the first nine months of 2025, supported by sustainable growth across its operating segments. Total revenue reached KD 255.7 million during first nine months of 2025, representing a growth of 2.9 percent compared to KD 248.6 million during the same period last year. This growth was primarily driven by the rise in the consumer segment revenues, which accounted for 78 percent of total revenue. Meanwhile, the enterprise segment contributed to 22 percent of total revenue, supported by ongoing efforts to enhance the company's business model, digital services, and provide integrated technological solutions that meet the needs of companies across various industries."
Aldharrab added: "These results led to an increase in EBITDA by 8.7 percent, reaching KD 69.2 million during the first nine months of 2025, representing the highest EBITDA for years, compared to KD 63.7 million in the same period of 2024, driven by higher revenues and improved operational efficiency. Net profit amounted to KD 25.8 million (earnings per share of 26fils) during the first nine months of 2025, representing a growth of 4.5 percent, compared to KD 24.7 million (earnings per share of 25fils) during the same period in 2024. This resilient financial performance reflects the company's success in cost management, balancing growth with future investments, and capitalizing on the accelerated digital transformation in the local market.
Along with the continued focus on efficiency and innovation, the solid results highlight stc's ability to enhance profitability and achieve sustainable growth. It is also worth noting that stc's customer base reached approximately 2.2 million by the end of September 2025."
Commenting on the company's financial position as of September 30, 2025, Aldharrab stated: "The company's total assets reached KD 486.7 million as of September 30, 2025, while total shareholders' equity stood at KD 231.4 million, reflecting a solid financial position and a stable capital structure. The company continues to maintain strong cash flows and a solid financial position, enabling it to respond flexibly to changing market dynamics and capitalize on promising opportunities. This financial strength reinforces its strategic roadmap, positioning the company for sustainable growth and improved operational returns. It also aligns with the State of Kuwait's vision for digital transformation, all while preserving one of the strongest levels of financial solvency in the regional telecommunications sector."
Aldharrab also affirmed: "stc is keen to periodically review and update its financial Strategy to enable the implementation of its strategic plans and projects as well as keeping pace with global developments in the telecom and ICT sector. This financial strategy is reflected in the ongoing refreshments to stc's corporate strategy, aimed at diversifying revenue streams, enhancing financial and operational efficiency, and supporting the company's human capital - all of which contribute to delivering attractive and sustainable returns for shareholders. Moreover, stc continuously monitors key performance indicators to assess the outcomes of its strategic investments and evaluate the efficiency of its operations by leveraging its innovative digital services."
Kuwait Times
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