Saudi Energy Company announced on Mar. 3 its annual financial results for the period ending Dec. 31, 2025, showing significant increases in revenue and net profit compared to the previous year.
The company reported sales and revenue of SAR 102,218 million for the current year, up from SAR 88,666 million last year—a rise of over 15 percent. Net profit attributable to shareholders reached SAR 12,975 million, an increase of nearly 89 percent from SAR 6,867 million in the prior period. The company also noted that total comprehensive income attributable to shareholders grew by almost the same margin.
According to Saudi Energy Company’s report, the growth in operating revenues was primarily due to higher required revenue recognized during the current year as a result of strong growth in the grid’s regulated asset base. Other contributing factors included stronger demand for electric power and increased electricity production revenue driven by expansion in its subscriber base.
The company said that higher net income was also influenced by a one-off impact in previous year’s results related to non-recurring expenses stemming from settlements over technical differences in fuel quantities and prices as well as handling costs and electrical energy adjustments. These gains were partially offset by increased operating and maintenance costs linked with business growth and an increase in provision for electricity subscribers’ receivables.
Excluding non-recurring items recorded last year, Saudi Energy Company stated that net profit for 2025 grew by seven percent compared to adjusted figures from the previous year. Earnings before interest, taxes, depreciation and amortization (EBITDA) rose ten percent over this period.
The external auditor issued an unmodified opinion on these results with no additional comments or disclaimers noted. The company will hold a conference call with investors and analysts on Mar. 4 at 3:30 PM KSA time to discuss these financial outcomes further.
