Kuwait Telecommunications Co. · KSE:STC
Kuwait Telecommunications — Kuwait Telecommunications Company K.S.C.P. (stc) — 9M-2025 Earnings Presentation
15 slides from Kuwait Telecommunications's earnings presentation, Oct 27, 2025
Slide 1: Investors Presentation 9M-2025
Investors Presentation 9M-2025 Kuwait Telecommunications Company K.S.C.P. October 27th, 2025 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: 9M-2025 Results Highlights
9M-2025 Results Highlights Resilient Performance and Sustained Growth Revenues EBITDA Net Profit Subscribers EPS 255.7 69.2 25.8 2.2 26 KD Mn. KD Mn. KD Mn. Million Kuwaiti fils +8.7% YoY -3.2% YoY +2.9% YoY +4.5% YoY +4.5% YoY Investors presentation I 9M-2025 3
Slide 4: 9M-2025 Key Highlights
9M-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 5: Financial Highlights: Revenue
9M-2025 Financial Highlights Strong revenue growth, driven by the consumer segment Revenue (KD Mn.) Revenue by Segment (KD Mn) Consumer – Enterprise – Point in Time Point in Time +2.9% 248.6 255.7 70.8 11.7 28% of Total Revenue 5% of Total Revenue Consumer – Enterprise – Over Time Over Time 9M-24 9M
Slide 6: Financial Highlights: EBITDA and Net Profit
9M-2025 Financial Highlights Growth in earnings led to margin improvement EBITDA (KD Mn) Net Profit (KD Mn) Margins 25.6% 27.1% Margins 9.9% 10.1% +8.7% +4.5% 63.7 69.2 24.7 25.8 9M-24 9M-25 9M-24 9M-25 EBITDA grew by 8.7% YoY to reach KD 69.2 Net profit increased by 4.5% YoY to reach Mn, with EBITD
Slide 7: Financial Highlights: CapEx
9M-2025 Financial Highlights CapEx surge supports future ready network CapEx (KD Mn) CapEx to Revenue (%) PPE Intangible Assets +7.0 pt. +77.3% 16.8 43.1 9.8 24.3 34.5 12.9 11.4 8.6 9M-24 9M-25 9M-24 9M-25 CapEx reached KD 43.1 Mn in 9M-2025, CapEx-to-revenue rose to 16.8%, reflecting driven by inve
Slide 8: Financial Highlights: Total Assets and ROA
9M-2025 Financial Highlights Strong balance sheet growth with resilient returns Total Assets (KD Mn) ROA* (%) +10.2% -0.1 pt. 486.7 7.4 7.3 441.7 Sep-24 Sep-25 Sep-24 Sep-25 *Annualized ROA. Total assets increased 10.2% YoY to reach ROA stood at 7.3%, slightly lower year-on-year, KD 486.7 Mn., drive
Slide 9: Financial Highlights: Shareholders Equity and ROE
9M-2025 Financial Highlights Capital structure actively managed to balance growth and returns Shareholders Equity (KD Mn) ROE* (%) -1.0% +0.8 pt. 233.7 231.4 13.8 14.6 Sep-24 Sep-25 Sep-24 Sep-25 *Annualized ROE. Excluding the impact of the dividend ROE rose to 14.6%, supported by earnings distribut
Slide 10: Q&A
Q&A
Slide 11: Appendix
Appendix ▪ Share Performance and Valuation Snapshot ▪ Share & Market Performance ▪ Statement of Financial Position (2022 – September 2025) ▪ Income Statement (2022 – 9M 2025)
Slide 12: Share & Market Performance
Share & Market Performance 9M - 2025 Share Performance vs. Index (9M-2025) Number of Shares DPS Stock Price (KWD) Beta Close 0.570 stc Kuwait 0.640 998.7 Mn 35 fils Average 0.564 Kuwait Boursa Index 52 Week High 0.616 Telecom Index Kuwait 53 Week Low 0.511 19.5% P/E P/B 13.9% 17.5x 2.5x 6.0% BVPS EP
Slide 13: Statement of Financial Position (2022 – September 2025)
Statement of Financial Position (2022 – September 2025) 2022 2023 2024 Sep-24 Sep-25 Statement of Financial Position KD Mn KD Mn KD Mn KD Mn KD Mn Assets Property and equipment 171.2 161.9 146.4 139.0 159.4 Goodwill and intangible assets 42.1 40.7 41.7 44.3 42.0 Right of use assets - - 19.9 16.7 24.
Slide 14: Income Statement (2022 – 9M 2025)
Income Statement (2022 – 9M 2025) 2022 2023 2024 9M-2024 9M-2025 Income Statement KD Mn KD Mn KD Mn KD Mn KD Mn Revenue 336.4 327.4 336.5 248.6 255.7 Operating expenses (189.3) (170.6) (183.9) (134.6) (136.2) Staff costs (26.7) (27.2) (25.6) (19.6) (19.9) Expected credit losses on trade & other rece
Slide 15: 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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