Kuwait Telecommunications Company (stc) reported its financial results for the first quarter ending March 31, 2026, highlighting stable performance amid challenging regional and global conditions. The company recorded revenues of KD 85.3 million and a net profit of KD 9.2 million, representing slight shifts in its revenue mix and continued operational efficiency.

Eng Muataz Abdullah Aldharrab, stc’s CEO, attributed the positive results to the company’s strategic focus on strengthening core operations and expanding into new growth areas. Despite geopolitical tensions in the region and global economic uncertainties, stc maintained its market position within Kuwait’s competitive telecommunications sector. The company emphasized its adaptability and the strength of its business model, which prioritizes sustainable value creation and resilient operational performance.

During the quarter, stc directed efforts toward enhancing its digital services portfolio, including advancements in 5G technology, artificial intelligence, cloud computing, and cybersecurity. These initiatives aimed to meet increasing demand from both individual and enterprise customers, supporting business continuity and service quality even amid external challenges.

Operationally, stc successfully continued executing projects and signing strategic agreements with enterprise clients, ensuring the delivery of key services without interruption. The company highlighted its robust infrastructure and skilled workforce as critical factors enabling operational stability during periods of geopolitical uncertainty. Additionally, stc reinforced its corporate social responsibility programs, offering free internet access to support remote work and education, organizing blood donation campaigns, providing free roaming for business clients abroad, and maintaining digital payment services. Collaboration with Kuwait Airways facilitated repatriation flights, while engagement in national awareness campaigns underscored the company’s commitment to community support and frontline workers.

Financially, stc’s total revenues for the quarter showed a modest decrease from KD 87.4 million in the same period last year, reflecting a strategic shift toward higher-margin segments. The consumer segment accounted for 75 percent of total revenues, with enterprise clients contributing the remaining 25 percent. Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 3.5 percent to KD 23.1 million, driven by improved operational efficiency and cost optimization. Net profit increased 1.6 percent year-on-year, supported by balanced revenue enhancement and measured investment in growth opportunities aligned with ongoing digital transformation trends.

By the end of March 2026, stc’s customer base had grown to approximately 2.3 million. The company’s total assets stood at KD 497.0 million, with shareholders’ equity of KD 210.9 million, reflecting a solid financial foundation. Aldharrab noted that stc’s financial strategy remains focused on capitalizing on market opportunities to deliver sustainable shareholder value, while continuing to assess priorities in line with evolving telecommunications and information technology sector dynamics.

Investment plans continue to emphasize core operational strength and revenue diversification. stc also prioritizes human capital development and governance improvements to maintain transparency, institutional efficiency, and business continuity amid a rapidly changing environment.