Riyadh: Saudi Energy Company announced its financial results for the first six months ended June 30, 2026 (H1 2026), reporting a 10.5% year-on-year growth in revenue to SAR52.2 billion, with EBITDA rising by 8.2% to SAR21.5 billion and net profit increasing by 7.5% to SAR6.7 billion. The performance was supported by strategic investments and sustained operational excellence, enabling the Kingdom's energy transition and meeting the growing demand.
According to Saudi Press Agency, CEO of Saudi Energy Khalid Al-Ghamdi stated that the H1 2026 performance reflects the resilience of Saudi Energy's regulated business model and the disciplined execution of their strategy. During this period, the company continued to strengthen the national electricity system, enhance operational reliability, and expand the infrastructure required to meet growing demand and support the Kingdom's economic transformation.
He further mentioned that the double-digit growth in their regulated asset base is enhancing earnings visibility and strengthening the foundation for long-term, infrastructure-led growth. Their investments in grid capacity, battery energy storage, and renewable integration are creating a more flexible and resilient energy system, reinforcing Saudi Energy's position as a high-quality regulated national utility champion.
The full results can be found at Saudi Energy's official website.