Saudi Kayan 2Q loss 496.4m riyals, est. loss 500m riyals

Saudi Kayan 2Q loss 496.4m riyals, est. loss 500m riyals

Saudi Telecom Company (STC) has reported its second-quarter (Q2) financial results, showing a significant increase in net profit compared to the previous period. According to the company's earnings report, STC's Q2 sales amounted to SAR 19,451 million, while its net profit reached SAR 3,823 million [1]. This marks a substantial improvement over the company's Q2 2024 figures, indicating robust growth in its core business operations.

The strong performance is attributed to various factors, including increased demand for telecommunication services and effective cost management strategies. STC's ability to maintain profitability amidst challenging market conditions underscores its resilience and strategic positioning within the industry.

In contrast, Saudi Kayan, a prominent player in the Saudi Arabian economy, reported a Q2 loss of SAR 496.4 million, which was slightly better than the estimated loss of SAR 500 million. The company's financial performance highlights the differing fortunes of major players in the Saudi Arabian market, with STC's strong Q2 results providing a stark contrast to Saudi Kayan's ongoing financial struggles.

As investors continue to monitor the financial health of key companies in the region, STC's Q2 results serve as a positive indicator of the sector's overall stability and growth potential. The company's ability to generate substantial profits while managing costs effectively positions it as a leader in the Saudi Arabian telecommunications industry.

References:
[1] https://www.tradingview.com/news/reuters.com,2025:newsml_PLXE1166A:0-stc-q2-net-profit-sar-3-823-million/