KUWAIT CITY, Apr 23: 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 three months period ended 31 March2025, ‎highlighting the most significant achievements as well as ‎the financial and operational performance‏.‏

KD 87.4mntRevenues

KD 22.3mntEBITDA

KD 9.1mntNet Profit

‎9Kuwaiti filstEarnings per share

KD480.2mntAssets

KD 214.6mntShareholders' equity

‎215fils per sharetBook value per share

‎2.2mn customerstCustomer base

In this regard, Eng. Muataz Abdullah Aldharrab, the company’s CEO, ‎stated: “By the grace of Allah Almighty, Kuwait Telecommunications ‎Company (stc) began the year 2025 by achieving good financial ‎results during the first quarter, further reinforcing its position ‎as a leading company in the telecommunications and ICT sector. ‎These results were reflected in the company's operational ‎performance through the expansion of its business model and the ‎efficient management of internal operations, in line with its ‎strategy focused on quality-driven growth. stc continued to ‎strengthen its comprehensive and integrated digital and technical ‎services, enhance its infrastructure, and launch innovative ‎solutions that cater to the needs of both consumer and enterprise ‎segments. This aligns with the rapid developments in the sector ‎and is supported by the growing demand for digital services.‎

Commenting onstc’s key achievements during the first three months ‎of 2025, Eng. Muataz Aldharrab, the Company’s CEO, stated:” During ‎the first quarter of 2025, stc achieved key milestones, including ‎the enhancement of its 5G infrastructure as part of its efforts to ‎deliver an exceptional digital experience to its customers. This ‎has helped stc to provide unparalleled, high-quality products and ‎services for both individual and enterprise segments. The ‎enterprise segment has also seen progress, as stc’s subsidiaries ‎secured several projects across various sectors.‎

stc Kuwait is proud thatstc Group was ranked third among the ‎world’s strongest telecom brands in addition to its recognition ‎among the world’s top ten most valuable telecom brands, according ‎to the Brand Finance 2024 report, reflecting its digital ‎leadership and successful strategy in expansion and ‎innovation.stcalso takes pride in being the first company in ‎Kuwait to receive the ISO 37301:2021 certification for Compliance ‎Management Systems, which stands as a testament to its success in ‎fostering a culture of compliance, adhering to laws and ‎regulations, and building trust with all stakeholders, including ‎customers, shareholders, and regulators, during the first quarter ‎of this year. Furthermore, stc was recognized with the “Best ‎Telecommunications Company in Corporate Governance – Kuwait 2024” ‎award, while its subsidiary, solutions by stc, received the “Best ‎Digital Platform for Enterprise Customer Experience – My Business ‎‎– Kuwait 2024” award, highlighting the company’s excellence and ‎leadership in digital solutions and information technology.”‎

Commenting on the financial results for the period ended March 31, ‎‎2025, Eng. Muataz Aldharrab stated: “stc delivered a strong ‎financial performance during the first quarter of 2025, supported ‎by sustainable growth across various operational segments. Total ‎revenue reached KD 87.4 mn, reflecting a 5.5% increase during the ‎first three months of 2025 compared to KD 82.8 mn during the same ‎period last year. This growth was primarily driven by the rise in ‎consumer segment revenues, which accounted for 7‎‏8‏‎.3% of total ‎revenue. Meanwhile, the enterprise segment contributed to 2‎‏1‏‎.7% of ‎total revenue, supported by the ongoing efforts to enhance the ‎company’s business model, advance digital services, and provide ‎integrated technical solutions that meet the needs of businesses ‎across various industries.‎

Aldharrab added: “These results led to a 2.2% growth in ‎EBITDA,reaching KD 22.3 mn during the first three months of ‎‎2025,compared to KD 21.8 mn for the same period in 2024. This ‎growth was supported by higher revenues and improved operational ‎efficiency. ‎

Net profit reached KD 9.1 mn (EPS 9 Fils), reflecting a growth of ‎‎2.8% during the first three months of 2025, compared to KD 8.8 mn ‎‎(EPS 9 Fils) for the same period in 2024. This resilient financial ‎performance highlights the company’s success in cost management, ‎maintaining a balance between growth and future investments, and ‎capitalizing on the accelerated digital transformation in the ‎local market.‎

These results, along with the continued focus on efficiency and ‎innovation, highlight stc’s ability to enhance profitability and ‎achieve sustainable growth. It is worth noting that stc’s customer ‎base reached approximately 2.2 million customers by the end of ‎March 2025.‎

Commenting on the company’s financial position as of March 31, ‎‎2025, Aldharrab stated: “The company’s total assets reached KD ‎‎480.2 mn by the end of the first quarter of 2025, while total ‎shareholders’ equity amounted to KD 214.6 mn, reflecting the ‎strength of the company’s financial position and the stability of ‎its capital structure.‎

stc continues to maintain a strong solvency position, considered ‎among the strongest in the regional telecom sector. This enables ‎the company to continue investing in growth and expansion projects ‎without compromising its financial stability. Such a strong ‎financial position also allows the company to respond flexibly to ‎future opportunities and market shifts, while supporting its ‎expansion strategies in line with its vision for digital ‎transformation and sustainable growth, striking a balance between ‎investment-driven growth and operational returns.‎

Aldharrab Noted: “Driven by our understanding of the importance of ‎adopting a strong and comprehensive financial strategy as a key ‎pillar for success and sustainability, stc remains committed to ‎regularly reviewing and updating its financial strategy in line ‎with the company’s direction and ambitious strategic projects in ‎the coming years. This strategy supports stc’s vision to diversify ‎revenue streams, enhance the efficiency of financial resource ‎management, and ensure sustainable returns that benefit both the ‎company and its shareholders.‎

stc also maintains a continuous focus on monitoring key ‎performance indicators (KPIs), while efficiently executing its ‎operational and investment projects, leveraging its advanced ‎digital infrastructure and long-term growth plans. These efforts ‎are aligned with the company’s financial and strategic objectives, ‎further strengthening its operational efficiency and reinforcing ‎the adoption of best practices in governance and internal controls ‎to ensure business continuity and long-term excellence.”‎