STC-

Saudi Telecom Company (STC) reported a 11.5% y-o-y drop in net income to SAR 4.1 bn in 3Q 2025 — yet exceeded Bloomberg’s forecasts at SAR 3.5 bn, it said in a disclosure to Tadawul. The decline was due to the absence of last year’s one-off gains, including a SAR 1.5 bn tax provision reversal and SAR 385 mn from discontinued operations.

Revenue grew 3.6% to SAR 19.3 bn, driven by stronger performance across its commercial, business, and carriers and wholesale units.

Over the first nine months, STC’s bottom line edged up 3.1% y-o-y to SAR 11.6 bn, while its top line was up 2.6%to SAR 57.9 bn.

ALSO- The telecoms giant will distribute around SAR 2.7 bn in 3Q dividends for its shareholders at SAR 0.55 apiece, according to a separate disclosure. The distribution date is set for 26 November.

ADES HOLDING-

Ades Holding saw its net income rise 7.8% y-o-y to SAR 219.1 mn in 3Q 2025, driven by gains from its investments in equity instruments despite higher depreciation and interest costs, it said in an earnings release (pdf) yesterday. Meanwhile, revenue grew 5.2% y-o-y to SAR 1.7 bn, supported by the deployment of reallocated rigs from the Kingdom and the contribution of two premium rigs acquired from Vantage Drilling in September 2024.

On a 9M basis, the company’s net income inched up 0.2% y-o-y to SAR 607.5 mn, while revenue rose 1.6% y-o-y to SAR 4.7 bn.

ALSO-Ades expects to complete its acquisition of Shelf Drilling this month, adding around USD 350 mn to EBITDA and USD 900 mn to annual revenue, representing 35% y-o-y growth, CEO Mohamed Farouk told Al Arabiya (watch, runtime: 8:21). The company started operating a new offshore rig and five onshore rigs across the Kingdom, Kuwait, Qatar, and Nigeria, with the new rigs expected to add roughly USD 80 mn in yearly revenue, he added.

RIYADH CABLES GROUP-

Riyadh Cables Group reported a 19.9% y-o-y increase in net income to SAR 281.6 mn in 3Q 2025, the firm said in a disclosure to Tadawul yesterday. Meanwhile, revenue grew 12.2% y-o-y to SAR 2.7 bn over higher sales volumes.

Over the first nine months, the company’s net income surged 45.1% y-o-y to SAR 817.2 mn, supported by a 21.8% y-o-y rise in revenue to SAR 7.9 bn.

ACWA POWER-

Acwa Power’s net income rose 13.1% y-o-y to SAR 371.2 mn in 3Q 2025, below Bloomberg’s analysts expectations of SAR 631 mn, it said in a disclosure to Tadawul yesterday. The growth was supported by higher finance and other income and lower development costs but was partly offset by a lower share of results from equity-accounted investees, higher zakat and tax charges, and weaker gross income. Meanwhile, revenue dipped 5% y-o-y to SAR 1.7 bn, reflecting reduced income from development services, water output, and other services.

For the first nine months of 2025, the company’s bottom line edged up 2% y-o-y to SAR 1.3 bn, while its top line increased 17.8% y-o-y to SAR 5.4 bn.

DALLAH HEALTHCARE-

Dallah Healthcare saw its net income rise 12.5% y-o-y to SAR 141.9 mn in 3Q 2025, supported by higher sales, a SAR 29.5 mn Murabaha remeasurement gain, and a 95% reduction in Dallah Al Khobar Hospital’s losses following operational improvements, it said in a disclosure to Tadawul yesterday.

Revenue climbed 25.2% y-o-y to SAR 1.1 bn — its second-highest quarterly result — supported by increased capacity and the March 2025 acquisitions of Al Salam and Al Ahsa Medical Services, which contributed 87% of growth.

On a 9M basis, the company’s bottom line climbed 18% y-o-y to SAR 421.7 mn, while its top line increased 23.3% y-o-y to just shy of SAR 3 bn.

Dividends: The healthcare provider’s board greenlit the distribution of SAR 50.6 mn in interim dividends for 3Q 2025 at SAR 0.5 per share, according to a separate Tadawul disclosure. Distribution is set for 30 November.

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