Saudi Electricity stock reports 10.5 percent revenue growth

Published on 10/07/2026 at 09:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Saudi Electricity stock follows first-half operating revenue of SAR 52.2 billion, up 10.5 percent year over year. Adjusted capital expenditure rose 6 percent to SAR 38.7 billion.

Saudi Electricity, SA0007879550, Illustration mit AI erstellt.

Saudi Electricity (ISIN SA0007879550) stock was trading at SAR 15.60 on Tadawul on October 7, 2026 at 10:25 a.m. AST. The company's first-half 2026 operating revenue rose 10.5 percent year over year to SAR 52.2 billion, according to the Yahoo Finance transcript of the August 12, 2026 earnings call.

Revenue growth reaches 10.5 percent

Saudi Electricity's first-half EBITDA increased 8.2 percent to SAR 21.5 billion, while net profit rose 7.5 percent to SAR 6.7 billion. Earnings per share grew 17.8 percent to SAR 0.53, giving the results a broader profit improvement than the revenue increase.

The earnings call also described a regulated utility expanding its asset base. The transmission and distribution regulated asset base reached SAR 278.7 billion, an increase of 14.1 percent from the comparable period, according to Yahoo Finance.

Capital spending stays elevated

Adjusted capital expenditure excluding customer-funded assets reached SAR 38.7 billion in the first half of 2026, up 6 percent year over year. The company also reported 11.6 million customers and a 42 percent distribution-network automation rate, both central operating indicators for a utility funding long-term grid expansion.

The investment intensity is the key counterweight to the earnings growth. The same call cited SAR 70 billion to SAR 75 billion of expected full-year capital expenditure, while financing costs increased with the debt raised for growth and capital projects.

Analysts keep a Neutral view

The analyst picture remains measured. Investing.com shows a Neutral consensus from 6 analysts, with 5 Hold ratings, 1 Sell rating and 0 Buy ratings. Its average 12-month target is SAR 16.40, with a high of SAR 17.50 and a low of SAR 13.80.

Against the October 7 price of SAR 15.60, the average target is 5.13 percent higher. That gap is narrower than the stock's operating expansion, leaving the market's valuation response dependent on whether capital spending converts into regulated assets and recurring earnings.

Saudi Electricity stock stays below its yearly high

At SAR 15.60 on October 7, 2026, the stock stood 15.58 percent below its 52-week high of SAR 18.48 and above its 52-week low of SAR 13.00. Market capitalization was SAR 65.0 billion and volume was 19,583 shares at the same intraday timestamp.