Kuwait Telecommunications Co. · KSE:STC
Kuwait Telecommunications — Kuwait Telecommunications Company K.S.C.P. (stc) — H1 2025 Earnings Presentation
15 slides from Kuwait Telecommunications's earnings presentation, Jul 23, 2025
Slide 1: Investors Presentation First Half-2025
Investors Presentation First Half-2025 Kuwait Telecommunications Company K.S.C.P. July 23rd, 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: H1-2025 Results Highlights
H1-2025 Results Highlights Solid performance with improved financial metrics Revenues EBITDA Net Profit Subscribers EPS 174.6 45.5 17.3 2.2 17 KD Mn. KD Mn. KD Mn. Million Kuwaiti fils +5.7% YoY -3.2% YoY +5.2% YoY +2.7% YoY +2.7% YoY Investors presentation I H1-2025 3
Slide 4: Key Highlights
Key Highlights The Launch 5G Advanced Pioneering Kuwait’s digital future, stc launched 5G Advanced, a new era of intelligent connectivity, driving innovation and enabling a smarter, more connected society with higher speeds, smarter network capabilities and enhanced user experience. Compliance Leade
Slide 5: H1-2025 Financial Highlights: Revenue
H1-2025 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 +5.2% 166.0 174.6 48.2 9.1 27.6% of Total Revenue 5.2% of Total Revenue Consumer – Enterprise – Over Time Over Time H1-24
Slide 6: H1-2025 Financial Highlights: EBITDA and Net Profit
H1-2025 Financial Highlights Growth in earnings led to margin improvement EBITDA (KD Mn) Net Profit (KD Mn) Margins 25.9% 26.1% Margins 10.2% 9.9% +5.7% +2.7% 43.1 45.5 16.9 17.3 H1-24 H1-25 H1-24 H1-25 Net profit increased by 2.7% YoY to KD EBITDA grew by 5.7% YoY to reach KD 45.5 17.3 Mn, with pro
Slide 7: H1-2025 Financial Highlights: CapEx
H1-2025 Financial Highlights CapEx surge supports future ready network CapEx (KD Mn) CapEx to Revenue (%) PPE Intangible Assets +6.7 pt. +64.1 18.5 32.2 11.8 19.6 23.7 9.3 10.4 8.6 H1-24 H1-25 H1-24 H1-25 CapEx reached KD 32.2 Mn, driven by CapEx-to-revenue rose to 18.5%, reflecting investment in ne
Slide 8: H1-2025 Financial Highlights: Total Assets and ROA
H1-2025 Financial Highlights Strong balance sheet growth with resilient returns Total Assets (KD Mn) ROA* (%) +7.9% -0.3 pt. 470.4 7.7 7.4 435.9 Jun-24 Jun-25 Jun-24 Jun-25 *Annualized ROA. Total assets increased 7.9% YoY to reach ROA stood at 7.4%, slightly lower year-on-year, KD 470.4 Mn., driven
Slide 9: H1-2025 Financial Highlights: Equity and ROE
H1-2025 Financial Highlights Capital structure actively managed to balance growth and returns Shareholders Equity (KD Mn) ROE* (%) -1.3% +0.6 pt. 225.8 222.9 14.4 15.0 Jun-24 Jun-25 Jun-24 Jun-25 *Annualized ROE. Shareholders’ equity declined slightly by 1.3% YoY to KD 222.9 Mn, primarily due to ROE
Slide 10: Q&A
Q&A
Slide 11: Appendix
Appendix ▪ Share Performance and Valuation Snapshot ▪ Share & Market Performance ▪ Statement of Financial Position (2022 – June 2025) ▪ Income Statement (2022 – 6M 2025)
Slide 12: Share & Market Performance
Share & Market Performance H1 - 2025 Share Performance Vs. Index (H1-2025) Number of Shares DPS Beta Stock Price (KWD) stc Kuwait 0.650 Average 0.548 998.7 Mn 35 fils 52 Week High 0.616 Kuwait Boursa Index 53 Week Low 0.511 Telecom Index Kuwait 14.8% P/E P/B 17.5x 2.5x 4.1% 3.4% BVPS EPS 223 fils 17
Slide 13: Statement of Financial Position (2022 – June 2025)
Statement of Financial Position (2022 – June 2025) 2022 2023 2024 Jun-24 Jun-25 Statement of Financial Position KD Mn KD Mn KD Mn KD Mn KD Mn Assets Property and equipment 171.2 161.9 146.4 142.0 156.4 Goodwill and intangible assets 42.1 40.7 41.7 45.9 44.8 Right of use assets - - 19.9 18.1 27.2 Tra
Slide 14: Income Statement (2022 – 6M 2025)
Income Statement (2022 – 6M 2025) 2022 2023 2024 6M-2024 6M-2025 Income Statement KD Mn KD Mn KD Mn KD Mn KD Mn Revenue 336.4 327.4 336.5 166.0 174.6 Operating expenses (189.3) (170.6) (183.9) (88.5) (96.0) Staff costs (26.7) (27.2) (25.6) (13.5) (12.9) Expected credit losses on trade & other receiv
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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