Saudi Energy Company posted a 10.5% year on year (YoY) growth in H1 revenue to SAR52.2 billion ($13.94 billion), EBITDA rose by 8.2% to SAR21.5 billion, and net profit increased 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.
Khalid Al-Ghamdi, CEO of Saudi Energy, said: “Our H1 2026 performance reflects the resilience of Saudi Energy’s regulated business model and the disciplined execution of our strategy. During the period, we 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 added: “The continued double-digit growth in our regulated asset base is enhancing earnings visibility and strengthening the foundation for long term, infrastructure-led growth. Concurrently, our investments in grid capacity, battery energy storage and renewable integration are creating a more flexible and resilient energy system. These attributes reinforce Saudi Energy’s position as a high-quality regulated national utility champion.”
“We remain focused on disciplined investment and operational excellence as we build an integrated and smart energy ecosystem that supports Saudi Vision 2030 and delivers sustainable long-term value.”
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