Solutions by STC sees net income rise 2.5% y-o-y in 1Q 2026

Earnings. Earnings. Earnings. More 1Q earnings have come out — Solutions by STC, Advanced Petrochemical Company, United Cooperative Assurance, and others reported their financials for the first quarter of the year yesterday.

Solutions by STC

Solutions by STC posted a 2.5% y-o-y increase in net income to SAR 370 mn in 1Q 2026, thanks to a reduction in operating expenses. Revenue climbed 6.3% y-o-y to SAR 3 bn during the three-month period, supported by growth across core ICT services (up 10.1%), IT services (up 3.6%), and digital services (up 1%).

Advanced Petrochemical Company

Advanced Petrochemical Company’s net income dropped 58.3% y-o-y to SAR 30 mn in 1Q 2026, weighed down by higher depreciation and finance charges following the commencement of operations at its Advanced Polyolefins unit last year, it said in a Tadawul disclosure. Despite the bottom-line hit, revenue surged 75.7% y-o-y to SAR 1.1 bn, supported by a 94% jump in sales volumes from the Polyolefins unit.

United Cooperative Assurance

United Cooperative Assurance recorded a net loss of SAR 256.2 mn in 1Q 2026, compared to a SAR 15.1 mn loss last year, driven by higher ins. service expenses and lower investment income. Ins. revenues also declined 18.2% y-o-y to SAR 858.3 mn during the same period, with the motor segment facing the brunt of the slowdown.

Saudi Tadawul Group Holding

Saudi Tadawul Group Holding recorded a 53.9% y-o-y decline in net income to SAR 55.6 mn in 1Q 2026, as operating expenses rose 15.8% over the period. Revenues also fell 10.2% y-o-y to SAR 294.6 mn, mainly due to lower trading and post-trade income following a 15.9% fall in average daily trading values.