Saudi Energy Company has released its financial results for the first quarter ending March 31, 2026, showing a 9.4% increase in operating revenue. Net profit rose sharply by 89.3% to reach SAR 1.8 billion, driven by improved efficiency, strategic investments, and continued operational excellence. The company’s performance reflects its role in supporting the Kingdom’s energy transition while meeting rising demand.
CEO Khalid AlGhamdi commented on the results, noting that electricity demand in Saudi Arabia continues to grow due to economic diversification, population expansion, and the shift toward a more diverse energy mix. He highlighted the company’s efforts to support this growth by expanding and strengthening electricity grid infrastructure, enhancing reliability, and improving service quality for customers. He also emphasized that the strong quarterly performance was supported by the expansion of the company’s regulated asset base, increased operational efficiency, and higher energy production capacity.
AlGhamdi added that energy plays a vital role in Saudi Vision 2030, serving as a key driver of economic transformation and long-term prosperity. Moreover, he reaffirmed the company’s commitment to building not only infrastructure, but also a resilient, integrated, and intelligent energy ecosystem that supports sustainable growth and creates lasting value for future generations and stakeholders.
The full financial report is available on the company’s website.
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