Kuwait Telecommunications Co. · KSE:STC

Kuwait Telecommunications — Kuwait Telecommunications Company K.S.C.P. (stc Kuwait) — Q2 2026 Earnings Presentation

18 slides from Kuwait Telecommunications's earnings presentation, Jul 27, 2026

  1. Slide 1: Q2 2026 Earnings Presentation

    Q2 2026 Earnings presentation Kuwait Telecommunications Company K.S.C.P. 27 July 2026

  2. 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

  3. Slide 3: Call participants

    Call participants stc Management ▪ Khaled Al Mayouf – Chief Financial Officer ▪ Rola Hasan – Investor Relations Manager Conference Host ▪ CI Capital Investors presentation | Q2 2026 3

  4. Slide 4: First Half 2026 Key Highlights

    First Half 2026 Key Highlights Growth in Subscriber base reached 2.3 million, reflecting a YoY growth of 5.0%. Subscriber Base Enhanced Profitability & EBITDA rose by 1.8%, while net profit increased by 1.3%, driven improved operating margins and Operational disciplined cost control. Efficiency Stre

  5. Slide 5: First Half 2026 financial highlights

    First Half 2026 financial highlights Revenues EBITDA Net Profit EBITDA Margin EPS 168.9 46.3 17.5 27.4 18 KD Mn. KD Mn. KD Mn. % Kuwaiti fils -3.3% YoY +1.8% YoY +1.3% YoY +1.3 pts. +1.3% YoY Investors presentation | Q1 Q2 2026 5

  6. Slide 6: Financial Performance

    Financial Performance Investors presentation | Q2 2026 6

  7. Slide 7: First Half 2026 financial highlights – Revenues

    First Half 2026 financial highlights – Revenues Strategic mix shift toward higher-margin activities, further shaped by recent geopolitical headwinds across business segments -3.3% 174.6 168.9 • The 3.3% decline in revenues reflects the company’s strategic Revenues (KD Mn.) shift to higher-margin bus

  8. Slide 8: First Half 2026 financial highlights – Profitability

    First Half 2026 financial highlights – Profitability Profitability remained resilient despite temporary performance pressure Margins 26.1% 27.4% +1.8% 45.5 46.3 • EBITDA grew by 1.8% YoY, supported by continued margin EBITDA (KD Mn.) expansion, effective cost optimization initiatives and operational

  9. Slide 9: First Half 2026 financial highlights – Investment

    First Half 2026 financial highlights – Investment H1-2026 CapEx reflects prior-year investment timing effects, while ongoing investment supports future growth PPE -60.6% Intangible Assets • CapEx declined by 60.6% YoY to KD 12.7 Mn, primarily due 32.2 to a high base effect, as the prior period inclu

  10. Slide 10: First Half 2026 financial highlights – Shareholders' Return

    First Half 2026 financial highlights – Shareholders’ Return Healthy balance sheet supporting sustainable growth and shareholder returns ROA 7.4% 7.3% +1.3% 470.4 476.6 • Total assets increased by 1.3% YoY to reach KD 476.6 Mn. Total Assets (KD Mn.) The increase reflecting continued investment in the

  11. Slide 11: With strong fundamentals and clear strategic direction, stc Kuwait is well placed for long-term value creation

    With strong fundamentals and clear strategic direction, stc Kuwait is well placed for long-term value creation Our proven track record of Today, we present a Forward-looking r.e.a.c.h scaling the business and strategy offers a compelling investment building differentiated capabilities, reinforcing o

  12. Slide 12: Q&A

    Q&A Investors presentation | Q2 2026 12

  13. Slide 13: Thank you

    Thank you Investors presentation | Q2 2026 13

  14. Slide 14: Appendix

    Appendix ▪ Share Performance and Valuation Snapshot ▪ Share & Market Performance ▪ Statement of Financial Position (2023 – June 2026) ▪ Income Statement (2023 – 6M 2025) Investors presentation | Q2 2026 14

  15. Slide 15: Share & Market Performance (January – June 2026)

    Share & Market Performance (January – June 2026) YTD Return 6.5% Stock Price (KWD) Kuwait Boursa Index Telecom Index Close 0.660 -5.5% Kuwait* Average 0.654 -2.8% 52 Week High 0.769 52 Week Low 0.556 Beta 0.65 *stc Kuwait YTD Total return including 38 fils dividends per share for the year 2025 is +2

  16. Slide 16: Statement of Financial Position (2023 – June 2026)

    Statement of Financial Position (2023 – June 2026) 2023 2024 2025 Jun-25 Jun-26 Statement of Financial Position KD Mn KD Mn KD Mn KD Mn KD Mn Assets Property and equipment 161.9 146.4 159.2 156.4 149.4 Goodwill and intangible assets 40.7 41.7 39.2 44.8 41.3 Right of use assets - 19.9 24.3 27.2 27.5

  17. Slide 17: Income Statement (2023 – 6M 2026)

    Income Statement (2023 –6M 2026) 2023 2024 2025 6M-2025 6M-2026 Income Statement KD Mn KD Mn KD Mn KD Mn KD Mn Revenue 327.4 336.5 342.5 174.6 168.9 Operating expenses (170.6) (183.9) (183.0) (96.0) (87.8) Staff costs (27.2) (25.6) (26.6) (12.9) (14.0) Expected credit losses on trade & other receiva

  18. Slide 18: Ticker and Investor Relations Department

    Ticker Boursa Kuwait: STC Bloomberg: STCKK Yahoo Finance: STC.KW Reuters: STC.KW Investor Relations Department: : Investor.relations@stc.com.kw : +965 5000 1911 : www.stc.com.kw stc Kuwait A group of cell phones Description automatically generated Kuwait Telecommunication Company (stc) Download our

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