STC’s bottom line climbs in 1Q

More earnings come in. More companies reported their 1Q earnings yesterday — STC, Astra Industrial Group, Electrical Industries, and more are out with their financials for the first quarter of the year, offering us a look at how regional security disruptions have impacted operations.

STC

Saudi Telecom Company’s (STC) net income edged up 1.3% y-o-y to SAR 3.7 bn in 1Q 2026, exceeding Bloomberg’s forecasts of SAR 3.3 bn, it said in a disclosure to Tadawul. The improvement was supported by stronger operating results and better investment-related performance. Revenue climbed 3.8% to SAR 19.9 bn, underpinned by solid growth across its commercial, carriers, and wholesale divisions, as well as subsidiaries.

Dividends: STC will pay out SAR 2.7 bn in dividends for the quarter at SAR 0.55 apiece on 20 May, according to a separate disclosure.

Astra Industrial Group

Astra Industrial Group reported a marginal 0.7% y-o-y uptick in net income to SAR 173.1 mn in 1Q 2026, supported by gains in the pharma and steel segments and lower finance costs in speciality chemicals and pharma, it said in a Tadawul disclosure. Meanwhile, revenue fell 5.1% y-o-y to SAR 790.9 mn, weighed down by weaker performance in the steel and speciality chemicals businesses.

Electrical Industries

Electrical Industries Co. reported a 54.6% rise in 1Q 2026 net income to SAR 190.8 mn, according to a Tadawul disclosure. The uptick was attributed to a diversified sales mix, favoring more profitable lines over volume alone, with rising distribution costs slightly offsetting a higher bottom line. The company’s revenue rose 30.5% y-o-y to SAR 661.4 mn during the quarter, driven by a broad-based rise in demand across sectors including substation, infrastructure, and new industrial projects.

National Environmental Recycling

National Environmental Recycling’s net income rose 12.1% to SAR 20.5 mn in 1Q 2026, with higher sales offset by suppressed margins on the back of higher shipping and ins. costs and finance expenses, the company said in a disclosure to Tadawul. The company’s revenue rose 84.5% to SAR 493.6 mn during the quarter thanks to large feedstock procurement contracts and a rise in Asian export sales.

Leejam Sports

Leejam Sports posted a 31% y-o-y decline in net income to SAR 49 mn in 1Q 2026, mainly due to higher costs, increased financing expenses, and one-off losses linked to lease terminations. The firm’s revenue remained stable y-o-y at SAR 369 mn.

Dividends: Leejam’s board greenlit an SAR 29.3 mn dividend payout for the quarter at SAR 0.58 apiece, according to a Tadawul filing.