Financials Saudi Telecom Company

Equities

7010

SA0007879543

Integrated Telecommunications Services

Market Closed - Saudi Arabian S.E. Other stock markets 08:20:00 2025-05-22 am EDT			5-day change	1st Jan Change
42.60 ^SAR	-0.81%		-1.50%	+6.50%

May. 19	Saudi Aramco, stc Back US Network-as-a-Service Company Graphiant	MT
May. 19	Saudi Arabia's Solutions to Upgrade stc's IT Infrastructure for SAR652 Million	MT

Projected Income Statement: Saudi Telecom Company

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	58,949	63,417	67,432	72,337	75,893	79,723	83,746	87,461
Change	-	7.58%	6.33%	7.27%	4.92%	5.05%	5.05%	4.44%
EBITDA ¹	22,175	22,841	25,079	24,683	23,926	24,957	26,384	27,876
Change	-	3%	9.8%	-1.58%	-3.07%	4.31%	5.72%	5.66%
EBIT ¹	12,816	13,128	15,088	14,200	14,426	14,864	15,727	16,621
Change	-	2.43%	14.93%	-5.88%	1.59%	3.04%	5.81%	5.68%
Interest Paid ¹	-624.8	-619	-696.6	-1,271	-1,809	-890	-859.8	-771.8
Earnings before Tax (EBT) ¹	12,447	12,635	13,470	14,795	12,134	14,792	16,135	17,473
Change	-	1.51%	6.61%	9.84%	-17.98%	21.9%	9.08%	8.3%
Net income ¹	11,085	11,311	12,171	13,295	24,689	14,010	14,654	15,550
Change	-	2.04%	7.6%	9.24%	85.7%	-43.25%	4.6%	6.11%
Announcement Date	1/21/21	2/21/22	2/20/23	2/19/24	2/26/25	-	-	-

¹SAR in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	14,920	14,881	15,213	15,695	15,899	15,735	16,087	16,991	16,939	16,468	17,034	18,179	18,327	18,106	17,725	19,100	19,155	18,643	19,266	19,210	19,513	19,219	21,089
Change	-	-0.26%	2.23%	3.17%	1.3%	-1.03%	2.24%	5.62%	-0.31%	-2.78%	3.44%	6.72%	0.81%	-1.21%	-2.1%	7.76%	0.29%	-2.67%	3.34%	-0.29%	1.58%	-1.51%	9.73%
EBITDA ¹	5,342	5,019	5,716	5,841	5,627	5,606	5,767	6,300	6,204	7,073	5,502	6,343	5,821	6,952	5,567	6,474	6,415	6,786	5,570	6,120	6,024	5,977	6,187
Change	-	-6.05%	13.89%	2.19%	-3.67%	-0.37%	2.87%	9.25%	-1.52%	14%	-22.21%	15.29%	-8.23%	19.42%	-19.91%	16.29%	-0.91%	5.78%	-17.92%	9.87%	-1.56%	-0.78%	3.51%
EBIT ¹	3,062	3,460	3,290	3,482	3,250	3,192	3,204	3,824	3,720	4,576	2,968	3,731	3,281	4,338	2,851	3,856	3,885	4,410	2,970	3,584	3,579	3,557	3,674
Change	-	13%	-4.91%	5.84%	-6.66%	-1.78%	0.39%	19.34%	-2.73%	23.04%	-35.15%	25.7%	-12.06%	32.22%	-34.27%	35.24%	0.75%	13.51%	-32.65%	20.67%	-0.14%	-0.62%	3.3%
Charge d'intérêts	-	-	-	-	-148.1	-152.6	-174.5	-152.3	-173.7	-	-185.9	-238.4	-	-304.5	-	-414.9	-505.1	-276	-865	-292.8	-	-	-
Earnings before Tax (EBT)	-	-	-	-	3,092	3,164	3,024	3,419	3,196	3,896	2,960	3,512	3,378	5,330	2,575	3,577	3,694	4,504	-	3,405	-	-	-
Change	-	-	-	-	-	2.32%	-4.41%	13.05%	-6.52%	21.9%	-24.02%	18.66%	-3.82%	57.77%	-51.68%	38.91%	3.27%	21.91%	-	-	-	-	-
Net income ¹	2,724	2,766	2,683	2,952	2,821	2,924	2,613	3,035	2,837	3,541	2,758	3,109	3,008	4,904	2,274	3,286	3,304	4,643	13,456	3,649	3,248	3,227	3,338
Change	-	1.54%	-3%	10.03%	-4.44%	3.65%	-10.63%	16.14%	-6.51%	24.8%	-22.12%	12.74%	-3.25%	63.03%	-53.62%	44.48%	0.55%	40.53%	189.81%	-72.88%	-10.98%	-0.64%	3.43%
Announcement Date	7/22/20	10/21/20	1/21/21	4/22/21	8/2/21	10/21/21	2/21/22	4/28/22	8/4/22	10/30/22	2/20/23	5/10/23	7/30/23	10/30/23	2/19/24	5/8/24	7/23/24	11/4/24	2/26/25	4/27/25	-	-	-

¹SAR in Million

Estimates

Fiscal Period: December	2021 S2	2022 S2	2023 S2
Net sales	-	-	-
Change	-	-	-
EBITDA ¹	11,373	12,575	12,519
Change	-	10.57%	-0.44%
EBIT	-	-	-
Change	-	-	-
Charge d'intérêts	-	-	-
Earnings before Tax (EBT)	-	-	-
Change	-	-	-
Net income	-	-	-
Change	-	-	-
Announcement Date	2/21/22	2/20/23	2/19/24

¹SAR in Million

Estimates

Forecast Balance Sheet: Saudi Telecom Company

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-7,468	-3,699	-11,997	-2,025	-13,460	-8,252	-11,928	-14,838
Change	-	50.47%	-224.33%	83.12%	-564.69%	38.69%	-44.55%	-24.4%
Announcement Date	1/21/21	2/21/22	2/20/23	2/19/24	2/26/25	-	-	-

¹SAR in Million

Estimates

Cash Flow Forecast: Saudi Telecom Company

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	10,841	8,210	7,702	9,569	11,763	12,380	12,290	12,226
Change	-	-24.27%	-6.19%	24.25%	22.92%	5.25%	-0.73%	-0.52%
Free Cash Flow (FCF) ¹	17,496	3,010	18,653	12,848	8,183	10,988	13,377	15,034
Change	-	-82.79%	519.65%	-31.12%	-36.31%	34.28%	21.73%	12.39%
Announcement Date	1/21/21	2/21/22	2/20/23	2/19/24	2/26/25	-	-	-

¹SAR in Million

Estimates

Forecast Financial Ratios: Saudi Telecom Company

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	37.62%	36.02%	37.19%	34.12%	31.53%	31.3%	31.5%	31.87%
EBIT Margin (%)	21.74%	20.7%	22.38%	19.63%	19.01%	18.65%	18.78%	19%
EBT Margin (%)	21.12%	19.92%	19.98%	20.45%	15.99%	18.55%	19.27%	19.98%
Net margin (%)	18.8%	17.84%	18.05%	18.38%	32.53%	17.57%	17.5%	17.78%
FCF margin (%)	29.68%	4.75%	27.66%	17.76%	10.78%	13.78%	15.97%	17.19%
FCF / Net Income (%)	157.83%	26.61%	153.25%	96.64%	33.14%	78.43%	91.28%	96.68%
Profitability
ROA	9.2%	9.28%	9.19%	8.96%	15.41%	9.93%	8.91%	9.32%
ROE	17.62%	17.41%	17.05%	17.44%	29.32%	16.14%	16.58%	16.53%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	18.39%	12.95%	11.42%	13.23%	15.5%	15.53%	14.67%	13.98%
CAPEX / EBITDA (%)	48.89%	35.94%	30.71%	38.77%	49.16%	49.61%	46.58%	43.86%
CAPEX / FCF (%)	61.96%	272.74%	41.29%	74.48%	143.75%	112.67%	91.87%	81.32%
Items per share
Cash flow per share ¹	5.667	2.191	5.271	4.484	3.977	3.948	4.673	5.542
Change	-	-61.34%	140.58%	-14.94%	-11.29%	-0.73%	18.37%	18.59%
Dividend per Share ¹	1.6	1.6	1.6	1.6	1.75	2.192	2.196	2.236
Change	-	0%	0%	0%	9.37%	25.27%	0.18%	1.83%
Book Value Per Share ¹	12.83	13.87	14.75	15.85	17.93	17.68	18.35	19.38
Change	-	8.15%	6.35%	7.41%	13.15%	-1.42%	3.8%	5.6%
EPS ¹	2.216	2.264	2.44	2.66	4.95	2.826	2.934	3.097
Change	-	2.17%	7.77%	9.02%	86.09%	-42.91%	3.8%	5.56%
Nbr of stocks (in thousands)	4,995,538	4,992,873	4,990,371	4,984,506	4,986,916	4,986,916	4,986,916	4,986,916
Announcement Date	1/21/21	2/21/22	2/20/23	2/19/24	2/26/25	-	-	-