| SAR | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | 58.95B | 63.42B | 67.43B | 71.78B | 75.89B | 77.82B |
| Net income | 10.99B | 11.31B | 12.17B | 13.30B | 24.69B | 14.83B |
| EPS | 2.20 | 2.27 | 2.44 | 2.66 | 4.95 | 2.97 |
| DPS | — | 2.00 | 1.59 | 2.10 | 2.85 | 3.20 |
| Equity | — | 69.27B | 73.50B | 78.98B | 89.42B | 83.41B |
STC delivered steady Q1-26 results — revenue up 3.8% to SAR 19.9bn and normalized earnings up ~12% — on gross-margin expansion and subscriber growth, even as its Channels line keeps shrinking. The stock sits at a crossroads: Aljazira Capital sees ~16% upside to a SAR 49.6 target, while a conservative discounted-cash-flow lens reads it as already full at SAR 43.
هذا التقرير لأغراض إعلامية فقط وليس توصية استثمارية. المصادر: هجرس (التقييم والبيانات المالية)، ياهو/EDGAR، وبيوت الاستثمار.