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This message / document has been classified as " Public " solutions by stc Earnings Release solutions by stc accelerates growth and improves EBITDA margin in 1H 2026 1H 26 Revenue 1H 26 EBITDA 1H 26 Net Profit mn 6,243 mn 1,089 mn 824 + 9 % YoY + 12 % YOY + 2 % YOY 1H 2026 Highlights : 1H 26 Net Cash mn ■ + 9 % YoY revenue growth to # 6.24 billion ■ Gross profit margin of 22.0 % driven by a strong QoQ rebound in 2Q 2026 " + 12 % YOY EBITDA growth with EBITDA margin up 0.5pp YoY to 17.4 % ◉ 824 million net profit to shareholders , up 2 % YoY ■ Net cash position of # 693 million 693 -20 % YOY Riyadh , 29th July 2026 - solutions by stc reported strong financial results for 1H 2026 that showed accelerated revenue growth with improved profitability as the company continued to monetize projects that were added to its backlog in 2H 2025. As a result , 1H 2026 revenue grew 9 % year - on- year to 6.24 billion . A slight dip in gross margin year - on - year was offset by operating cost savings , which drove 12 % EBITDA growth year - on - year to 1.09 billion in 1H 2026. Net profit attributable to shareholders increased by 2 % year - on - year to 824 million in 1H 2026 , as operating income growth was mitigated by higher net finance cost and other losses in 2Q 2026 . Eng . Omer Abdullah Alnomany , CEO of solutions , commented : " We delivered a strong set of 1H 2026 results , with accelerated revenue growth , stronger profitability and returns , and improved cash flow generation . New project awards this year , together with improved monetization of projects secured in 2025 , demonstrate the strength of our execution capabilities and the increasing demand for our integrated ICT solutions . These positive developments illustrate the efficient execution of our strategy , delivering sustainable long - term value for our shareholders . Despite a dynamic operating environment , our focus on operational efficiency enabled us to expand EBITDA margins while strengthening cash flow through disciplined working capital management . Looking ahead , we remain focused on executing our diversified project pipeline , maintaining operational excellence , and investing selectively in attractive high - return growth opportunities . " solutions ' revenue grew 9 % year - on - year to 6.24 billion in 1H 2026 supported by 12 % revenue growth in 2Q 2026 due to accelerated execution of existing projects . Core ICT Services remained the main revenue driver with 20 % year - on - year growth and a 54 % share in total revenue in 1H 2026 , compared with 49 % in 1H 2025. Revenue from IT Managed and Operational Services grew 3 % year - on - year and contributed 33 % of total revenue versus 35 % in 1H 1H 2026 Earnings Release solutions by stc Page 1