Saudi Energy's 2025 results: Revenues of 102 billion and profit growth of 89%

In an unprecedented financial and operational achievement, Saudi Energy announced its annual financial results for 2025, recording its highest operating revenue in its history. The figures demonstrated exceptional growth, reflecting the success of the company's expansion strategies and the efficiency of its operational plans, with net profit surging by nearly 89%, driven by increased energy demand and the accelerated pace of major development projects in the Kingdom.

Record financial performance and historic figures

The company's financial statements revealed operating revenues of SAR 102.2 billion , a 15.3% increase compared to SAR 88.7 billion in the previous year. This significant rise is attributed to strong growth in the Regulated Assets Base (RAB), increased electricity generation revenues, and continued growth in energy demand.

In terms of profitability, net profit jumped to SAR 12.98 billion , registering a tremendous growth of 88.9% compared to SAR 6.87 billion in 2024. This significant growth was contributed to by improved operational efficiency, a 18.9% increase in gross profit to SAR 20.8 billion, and the positive impact of comparison with the previous year, which saw non-recurring expenses of SAR 5.7 billion.

The context of transformation and keeping pace with the Kingdom's Vision 2030

These historic results come in the context of the comprehensive economic transformation that the Kingdom of Saudi Arabia is witnessing within Vision 2030. Saudi Energy plays a pivotal role as a key enabler of infrastructure, as its efforts are not limited to meeting the growing demand, but extend to supporting renewable energy projects and liquid fuel replacement programs, thus enhancing the sustainability of the national energy sector.

The strong financial performance reflects the company’s ability to balance injecting huge capital investments to modernize the network with maintaining the strength of its financial position, which was confirmed by global credit rating agencies (S&P, Moody’s, Fitch) that gave the company strong credit ratings similar to the sovereign rating of the Kingdom.

Strategic investments and promising projects

The company continued implementing its ambitious investment program, currently developing a portfolio of generation projects with a capacity of approximately 24 gigawatts . Key milestones for 2025 include:

• The company's consortium won the "Samtah" solar energy project with a capacity of 600 megawatts.
• Agreements were signed to purchase energy for the expansion of the "Al-Qurayyah" station and other stations.
• Rehabilitating 45 generating units to extend their operational lifespan, adding 2.1 gigawatts to the grid.
• Connecting 12.3 gigawatts of renewable energy to the national grid.

Service development and subscriber base

Growth wasn't limited to the financial aspect; it also included improving the quality of service provided to over 11.5 million subscribers , with approximately 260,000 new subscribers joining during the year. The company successfully reduced the service connection time for new subscribers by 14%, bringing it down to just 2.5 days, while also showing a significant improvement in service interruption indicators (SAIDI and SAIFI), and a rise in customer satisfaction to 86%.

Commenting on these results, Engineer Khalid bin Salem Al-Ghamdi, the company’s CEO, affirmed that 2025 was a year of operational excellence, noting that the company is not only building infrastructure, but is also establishing a flexible and sustainable national energy system that serves future generations and supports the Kingdom’s economic ambitions for decades to come.