Saudi Electricity Company (SEC) reported a 22% increase in net profit for the second quarter of 2025, reaching SAR 5.3 billion. The company’s revenue for the quarter rose by 24% to SAR 27.7 billion, and gross profit increased by 42% to SAR 7.4 billion. Operating profit also grew by 21%, totaling SAR 6.8 billion.
For the first half of the year, SEC posted a revenue growth of 23%, bringing total revenue to SAR 47.2 billion. Gross profit climbed by 40% to SAR 10.2 billion, operating profit was up by 20% at SAR 9.1 billion, and net profit increased by 19% to SAR 6.3 billion compared with the same period last year.
The company attributed its strong performance mainly to higher allowed revenue from an expanded regulated asset base and increased electricity production revenues due to rising energy demand. However, these gains were partly offset by higher operating and maintenance costs linked to network expansion and asset growth, as well as an increase in provisions for accounts receivable and lower other income.
SEC said that expanding its regulated asset base reflects ongoing growth in transmission and distribution networks aimed at meeting greater electricity demand, supporting renewable energy integration, and advancing energy storage projects. The company is also continuing investments in digital transformation and operational excellence initiatives.
Engineer Khalid bin Salim Al-Ghamdi, Acting CEO of SEC, commented: “Our positive performance in the first half of 2025 reflects the company’s continued growth across its business portfolio and asset base. It aligns with our strategy to provide reliable and secure electricity across the Kingdom, improve service quality for our customers, and advance sustainability and operational excellence.
We are committed to further strengthening our position and leveraging the significant opportunities emerging from the energy transition in Saudi Arabia, in line with the ambitions of Vision 2030—enabled by the dedication of our talented national workforce and our unwavering commitment to serving the nation.”
At the end of June 2025, SEC had connected more than 9.2 GW of renewable energy capacity to its grid and commissioned battery energy storage systems totaling 8 GWh at four sites: Bisha, Jazan, Khamis Mushait, and Najran. The company is developing an additional storage capacity of about 14 GWh expected to be operational next year.
SEC improved its Environmental, Social, and Governance (ESG) rating from S&P Global significantly in 2025 with a score of 65 out of 100—a jump of about one-third over last year’s result—making it a leader among Saudi companies as well as within the regional energy sector.
Electricity demand continued growing during H1-2025; peak load reached a record high at over 75 GW while total consumption rose by around one-tenth compared with last year’s figures.
During this period—including during Hajj season—the company managed record-breaking peak loads in Makkah, Madinah, and Holy Sites without any service interruptions due to full mobilization efforts.
Infrastructure development also advanced: SEC added approximately 110,000 new customers for a total customer base now exceeding eleven million; distribution network length grew by six percent; transmission lines expanded similarly; fiber optic networks saw nine percent growth.
To enhance reliability and customer experience further SEC upgraded digital infrastructure including automating more substations—now nearly two-fifths automated—and raised customer satisfaction levels above eighty-five percent.
