• Operating revenues for H1 2026 reached SAR 52.2 billion, up 10.5% year-on-year (YoY), driven by the continued expansion of the regulated asset base and associated required revenue, supported by ongoing growth in the customer base.
  • EBITDA increased 8.2% to SAR 21.5 billion, and net profit rose 7.5% to SAR 6.7 billion, reflecting sustained operational efficiency and disciplined execution.
  • Energized battery storage capacity increased from 8 GWh to 18 GWh during Q2 2026, while grid-connected renewable capacity reached approximately 20 GW.
Large power plant complex by the sea with industrial buildings and smokestacks
An expansive coastal power plant facility at sunset with nearby sea and desert landscape

Saudi Energy Company (“SE” or “Company”), announced its financial results for the first six months ended 30 June 2026 (H1 2026), reporting a 10.5% year on year (YoY) growth in revenue to SAR 52.2 billion, EBITDA rose by 8.2% to SAR 21.5 billion, and net profit increased by 7.5% to SAR 6.7 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.”