Kuwait Telecommunications Co. · KSE:STC
Kuwait Telecommunications — Kuwait Telecommunications Company K.S.C.P. (stc) — FY2025 Earnings Presentation
16 slides from Kuwait Telecommunications's earnings presentation, Jan 28, 2026
Slide 1: Investors Presentation FY-2025
Investors Presentation FY-2025 Kuwait Telecommunications Company K.S.C.P. January 28th, 2026 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: FY-2025 Results Highlights
FY-2025 Results Highlights Resilient top-line performance backed by record EBITDA and robust net profit Revenues EBITDA Net Profit Subscribers EPS 342.5 93.5 34.1 2.3 34 KD Mn. KD Mn. KD Mn. Million Kuwaiti fils -2.3% YoY +1.8% YoY +9.6% YoY +8.7% YoY +8.7% YoY Investors presentation I Q4-2025 3
Slide 4: 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 5: 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) Consumer – Enterprise – +1.8% Point in Time Point in Time 336.5 342.5 95.3 16.2 28% of Total Revenue 5% of Total Revenue Consumer – Enterprise – Over Time Over Tim
Slide 6: 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 25.4% 27.3% Margins 9.3% 10.0% +9.6% +8.7% 85.3 93.5 31.4 34.1 2024 2025 2024 2025 stc recorded the highest EBITDA in years, Net profit increased by 8.7% YoY to reach grow
Slide 7: 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 11.6 39.2 43.3 27.8 11.4 8.6 2024 2025 2024 2025 Strategic investments in network and CapEx-to-revenue rose to 15.1%, reflecting infr
Slide 8: 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% +0.3 pt. 462.2 479.2 6.9 7.2 2024 2025 2024 2025 ROA stood at 7.2%, reflecting the positive Total assets increased by 3.7% YoY to reach returns of deploying the 5G advan
Slide 9: 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% +1.2 pt. 240.5 239.6 14.2 13.0 2024 2025 2024 2025 The slights decline in shareholders’ equity Shareholders Return strengthened with to KD 239.6 Mn demonstrates a direc
Slide 10: FY-2025 Financial Highlights: Dividends
FY-2025 Financial Highlights stc Kuwait demonstrates its commitment to shareholders with consistent dividend growth Dividends Payout Ratio (%) Cash Dividends (fils per share) * 112% 38 35 35 30 30 30 Dividend Yield* (%) 2020 2021 2022 2023 2024 2025 *On January 27th, 2026, stc’s BoD has recommended
Slide 11: Q&A
Q&A
Slide 12: Appendix
Appendix ▪ Share Performance and Valuation Snapshot ▪ Share & Market Performance ▪ Statement of Financial Position (2022 – 2025) ▪ Income Statement (2022 – 2025) Investors presentation I Q4-2025 12
Slide 13: 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 52 Week Low 0.519 P/E P/B 28.3% 21.0% 20.4% 20.3x 2.9x BVPS EP
Slide 14: 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 15: 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 16: 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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