Kuwait Telecommunications Co. · KSE:STC

Kuwait Telecommunications — Kuwait Telecommunications Company K.S.C.P. (stc Kuwait) — Q1 2026 Earnings Presentation

18 slides from Kuwait Telecommunications's earnings presentation, Apr 28, 2026

  1. Slide 1: Investors Presentation Q1 2026

    Investors Presentation Q1 2026 Kuwait Telecommunications Company K.S.C.P. 28 April 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: Participant

    Participant stc Management ▪ Khaled Al Mayouf – Chief Financial Officer ▪ Reem Al Hajri – GM, Investor Relations & M&A Conference Host ▪ CI Capital Investors presentation | Q1 2026 3

  4. Slide 4: First Quarter 2026 Key Highlights

    First Quarter 2026 Key Highlights Growth in Subscriber base reached 2.3 million, reflecting a YoY growth of 5.4%. Subscriber Base Enhanced Profitability & EBITDA rose by 3.5% despite lower revenue, while net profit increased by 1.6%, driven improved Operational operating margins and disciplined cost

  5. Slide 5: First Quarter 2026 financial highlights

    First Quarter 2026 financial highlights Revenues EBITDA Net Profit EBITDA Margin EPS 85.3 23.1 9.2 27.1 9 KD Mn. KD Mn. KD Mn. % Kuwaiti fils -2.4% YoY +3.5% YoY +1.6% YoY +1.6 pts. +1.6% YoY Investors presentation | Q1 2026 5

  6. Slide 6: Financial Performance

    Financial Performance Investors presentation | Q1 2026 6

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

    First Quarter 2026 financial highlights – Revenues Revenue reflects a strategic shift in mix toward higher-margin activities, supporting improved quality of earnings. -2.4% 87.4 85.3 • The 2.4% decline in revenues reflects a shift in the revenue Revenues mix toward higher-margin activities, in line

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

    First Quarter 2026 financial highlights – Profitability Margin expansion and operational efficiency initiatives supported continued profitability growth. Margins 25.5% 27.1% +3.5% EBITDA 22.3 23.1 • EBITDA grew by 3.5% YoY, supported by margin expansion (KD Mn.) and disciplined cost management. 3M 2

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

    First Quarter 2026 financial highlights – Investment CapEx normalized in Q1-2026 following elevated strategic investment in the prior-year period. -14.3% PPE 11.0 Intangible Assets 9.4 • CapEx declined by 14.3% YoY to KD 9.4 Mn, reflecting a high Capital 4.5 2.3 base in the prior period, which inclu

  10. Slide 10: First Quarter 2026 financial highlights – Shareholders’ Return

    First Quarter 2026 financial highlights – Shareholders’ Return Healthy balance sheet reflecting stc’s commitment to creating long-term value. ROA 7.7% 7.5% +3.5% 480.2 497.0 • Total assets increased by 3.5% YoY to reach KD 497.0 Mn., Total Assets (KD Mn.) reflecting continued strategic investments i

  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 | Q1 2026 12

  13. Slide 13: Thank you

    Thank you Investors presentation | Q1 2026 13

  14. Slide 14: Appendix

    Appendix ▪ Share Performance and Valuation Snapshot ▪ Share & Market Performance ▪ Statement of Financial Position (2023 – March 2026) ▪ Income Statement (2023 – 3M 2025) Investors presentation | Q1 2026 14

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

    Share & Market Performance (January – March 2026) YTD Return Stock Price (KWD) Kuwait Boursa Index 6.5% Telecom Index Close 0.671 -2.8% Average 0.680 Kuwait* -5.5% 52 Week High 0.769 53 Week Low 0.619 Beta 0.65 31-Dec-25 15-Jan-26 30-Jan-26 14-Feb-26 1-Mar-26 16-Mar-26 31-Mar-26 *stc Kuwait YTD Tota

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

    Statement of Financial Position (2023 – March 2026) 2023 2024 2025 Mar-25 Mar-26 Statement of Financial Position KD Mn KD Mn KD Mn KD Mn KD Mn Assets Property and equipment 161.9 146.4 159.2 144.2 154.7 Goodwill and intangible assets 40.7 41.7 39.2 45.6 43.5 Right of use assets - 19.9 24.3 28.3 26.2

  17. Slide 17: Income Statement (2023 –3M 2026)

    Income Statement (2023 –3M 2026) 2023 2024 2025 3M 2025 3M 2026 Income Statement KD Mn KD Mn KD Mn KD Mn KD Mn Revenue 327.4 336.5 342.5 87.4 85.3 Operating expenses (170.6) (183.9) (183.0) (48.3) (44.4) Staff costs (27.2) (25.6) (26.6) (6.4) (7.1) Expected credit losses on trade & other receivables

  18. Slide 18: Ticker / 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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