Kuwait Telecommunications Co. · KSE:STC
Kuwait Telecommunications — Kuwait Telecommunications Company K.S.C.P. (stc Kuwait) — FY2025 Earnings Presentation
24 slides from Kuwait Telecommunications's earnings presentation, 2026
Slide 1: Investors Presentation FY-2025
Investors Presentation FY-2025 Kuwait Telecommunications Company K.S.C.P. Strategy&
Slide 2: Disclaimer
Disclaimer Kuwait Telecommunications Company (stc) has prepared this document to provide shareholders and investors with financial and management information about the Company. On the other hand, stc does not provide any kind of assurance on the content of this document and bears no liability for an
Slide 3: stc Kuwait overview
stc Kuwait overview Vision Values Digital leader, enriching lives Dynamism and empowering businesses. Kuwait Telecommunications Company K.S.C.P. (stc), a الحيوية subsidiary of Saudi Telecom Company, was established in 2008 under Amiri decree No. 187 to manage Kuwait's third GSM mobile network. As
Slide 4: Shareholders' Structure
Shareholders’ Structure As at 31 December 2025 stc Kuwait's shareholder structure is anchored by strong strategic and institutional backing, with 51.8% ownership by Saudi Telecom and government entities, including the Kuwait Investment Authority and Public Institute for Social Security, holding a co
Slide 5: stc at a glance
stc at a glance As at 31 December 2025 100% 17 2.3 Mn 64 2.9k + Coverage of Kuwait Years in operations Subscribers Outlets Towers Populated Area Listed In KD 689.1 Mn Subsidiaries 165% KD 0.690 Boursa Kuwait Market Cap. Share Price Solutions by stc Kuwait Market e-Portal Holding FTSE Penetration Com
Slide 6: About stc Kuwait
About stc Kuwait ISP and ICT services serving the B2B segment stc Kuwait is a leading telecom operator driving Kuwait’s digital transformation under Vision 2035, with the country’s largest and most advanced 5G and 5G Advanced network. Serving individual and enterprise customers with a wide range of
Slide 7: Awards
Awards FY– 2024 Global Most Valuable “Excellence in Quality FWA Best Digital Workplace & Partner Award – HONOR User Experience” Employee Experience – Kuwait 2025 01 stc Kuwait has been recognized as the Global Most Valuable 02 stc won “Excellence in Quality FWA User Experience” award 03 Internationa
Slide 8: FY-2025 Key Highlights
FY-2025 Key Highlights The Launch 5G Advanced Pioneering Kuwait’s digital future, stc launched 5G Advanced to unlock next-gen connectivity, driving innovation and enabling a smarter, more connected society. Compliance Leadership Global Brand & Partnership Recognition ➢ First in Kuwait to earn ISO 37
Slide 9: Key Milestones
Key Milestones 2008 2012 2014 2019 2021 2023 2025 stc and Virgin Mobile • stc and Samsung ink • stc launches 5G • Launches • stc turns into • Listing on Kuwait • Acquisition of • Middle East & Africa new partnership, expand Advanced network to commercially profitability during Stock Exchange Quality
Slide 10: Corporate Strategy r.e.a.c.h
Corporate Strategy “r.e.a.c.h” stc Kuwait has made strong progress under the r.e.a.c.h strategy, delivering results across growth, customer experience, and operational excellence REIGNITE CONSUMER EXPAND ENTERPRISE ADVANCE MARKET PORTFOLIO r GROWTH e EVOLUTION a CREATE DIFFERENTIATED EXPERIENCE c HA
Slide 11: Kuwait's Macroeconomic Environment
Kuwait’s Macroeconomic Environment GDP current prices (USD Bn.) Real GDP growth (Annual % change) Population (Mn.) Growth Rate (%) 200.0 184.0 8.0% 5.70 800.0% 163.7 5.24 162.7 161.8 157.5 700.0% 180.0 148.5 4.86 4.92 6.0 % 5.20 138.7 140.9 4.78 4.74 600.0% 160.0 5.9% 4.62 4.67 6.4 120.7 4.50 4.0% 4
Slide 12: FY-2025 Financial Highlights: Revenue
FY-2025 Financial Highlights Sustained revenue growth, driven by service and product quality Revenue (KD Mn.) Revenue by Segment (KD Mn) +1.8% Consumer – Enterprise – Point in Time Point in Time 336.4 327.4 336.5 342.5 283.2 296.3 95.3 16.2 28% of Total Revenue 5% of Total Revenue Consumer – Enterpr
Slide 13: FY-2025 Financial Highlights: EBITDA and Net Profit
FY-2025 Financial Highlights Strongest EBITDA performance in years and robust earnings EBITDA (KD Mn) Net Profit (KD Mn) Margins 25.9% 26.9% 24.4% 26.0% 25.3% 27.3% Margins 11.3% 15.1% 9.9% 10.0% 9.3% 10.0% +9.6% 44.9 * +8.7% 85.3 93.5 79.6 82.0 85.1 33.2 32.7 34.1 73.4 32.1 31.4 2020 2021 2022 2023
Slide 14: FY-2025 Financial Highlights: CapEx
FY-2025 Financial Highlights Strategic investments enabling next generation network CapEx (KD Mn) CapEx to Revenue (%) PPE Intangible Assets +3.5 pt. +32.3% 15.1 51.8 12.6 11.6 37.3 39.2 9.3 8.6 26.2 25.0 28.0 43.3 7.4 27.4 27.8 18.5 19.9 9.9 6.5 8.1 11.4 8.6 2020 2021 2022 2023 2024 2025 2020 2021
Slide 15: FY-2025 Financial Highlights: Total Assets and ROA
FY-2025 Financial Highlights Strengthened asset base underpinning stronger earnings performance Total Assets (KD Mn) ROA (%) +3.7% 447.7 462.2 479.2 11.7 +0.3 pt. 393.8 424.4 374.2 8.4 8.1 7.5 6.9 7.2 2020 2021 2022 2023 2024 2025 2020 2021 2022 2023 2024 2025 Total assets increased by 3.7% YoY to r
Slide 16: FY-2025 Financial Highlights: Equity and ROE
FY-2025 Financial Highlights ROE improvement supported by strategic dividend distribution Shareholders Equity (KD Mn) ROE (%) -0.4% 241.4 243.9 19.5 +1.2 pt. 237.2 240.5 239.6 222.2 14.7 13.9 13.5 14.2 13.0 2020 2021 2022 2023 2024 2025 2020 2021 2022 2023 2024 2025 The slights decline in shareholde
Slide 17: FY-2025 Financial Highlights: Dividends
FY-2025 Financial Highlights stc Kuwait demonstrates its commitment to shareholders with consistent dividend growth Dividend Payout Ratio (%) Cash Dividends (fils per share) 35 35 38* 112% 30 30 30 2020 2021 2022 2023 2024 2025 Dividend Yield* (%) 2020 and 2021 cash dividends were adjusted based on
Slide 18: Q&A
Q&A
Slide 19: Appendix
Appendix ▪ Stock Exchange Listing ▪ Share & Market Performance ▪ Statement of Financial Position (2022 – 2025) ▪ Income Statement (2022 – 2025) Investors presentation I 2025 19
Slide 20: Stock Exchange Listing
Stock Exchange Listing On February 11, 2024, stc Kuwait was upgraded to Boursa Kuwait’s Premier Market, reflecting its strong financial performance, market capitalization growth, and liquidity. This milestone enhances its visibility among investors and aligns with its strategy of driving digital inn
Slide 21: Share & Market Performance
Share & Market Performance FY - 2025 Share Performance vs. Index (FY-2025) Number of Shares DPS Stock Price (KWD) Beta Close 0.690 stc Kuwait 0.64 998.7 Mn 38 fils Average 0.577 Kuwait Boursa Index 52 Week High 0.699 Telecom Index Kuwait 53 Week Low 0.519 P/E P/B 28.3% 21.0% 20.4% 20.3x 2.9x BVPS EP
Slide 22: Statement of Financial Position (2022–2025)
Statement of Financial Position (2022 –2025) 2022 2023 2024 2025 Statement of Financial Position KD Mn KD Mn KD Mn KD Mn Assets Property and equipment 171.2 161.9 146.4 159.2 Goodwill and intangible assets 42.1 40.7 41.7 39.2 Right of use assets - - 19.9 24.3 Trade and other receivables 5.1 0.4 0.6
Slide 23: Income Statement (2022–2025)
Income Statement (2022 – 2025) 2022 2023 2024 2025 Income Statement KD Mn KD Mn KD Mn KD Mn Revenue 336.4 327.4 336.5 342.5 Operating expenses (189.3) (170.6) (183.9) (183.0) Staff costs (26.7) (27.2) (25.6) (26.6) Expected credit losses on trade & other receivables and contract assets (11.0) (14.9)
Slide 24: Thank You
A group of cell phones Description automatically generated Ticker Boursa Kuwait: STC Bloomberg: STCKK Yahoo Finance: STC.KW Reuters: STC.KW Download our IR App Investor Relations Department: : Investor.relations@stc.com.kw Thank You : +965 5000 1911 : www.stc.com.kw stc Kuwait Kuwait Telecommunicati
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