Saudi Electricity Company (SEC) has reported strong financial and operational results for the second quarter and first half of 2025, reflecting increased energy demand and ongoing business expansion, according to SEC.
In the second quarter, revenue rose by 24% to SAR 27.7 billion, with gross profit up 42% to SAR 7.4 billion. Operating profit climbed 21% to SAR 6.8 billion, and net profit reached SAR 5.3 billion, a 22% increase compared to the previous year. For the first half of 2025, revenue totaled SAR 47.2 billion, up 23%, while gross profit grew 40% to SAR 10.2 billion, operating profit increased 20% to SAR 9.1 billion, and net profit rose 19% to SAR 6.3 billion, all according to SEC.
SEC attributed these gains to higher allowed revenue from the growing regulated asset base and increased electricity production, driven by rising demand. However, these improvements were partially offset by higher operating and maintenance costs, increased provisions for accounts receivable, and reduced other income.
Expansion, Renewables, and Digital Transformation
The company continues to expand its transmission and distribution networks to support growing electricity needs, integrate renewable energy, and advance energy storage projects. SEC is also investing in digital transformation and operational excellence.
Engineer Khalid bin Salim Al-Ghamdi, Acting CEO of SEC, emphasized the company’s commitment to reliable electricity delivery, service quality, sustainability, and operational excellence, aligning with the goals of Vision 2030.
By the end of the first half of 2025, SEC had connected over 9.2 GW of renewable energy capacity to the grid and commissioned 8.0 GWh of battery storage at four sites. An additional 14 GWh of storage is under development, expected to be operational next year.
SEC’s Environmental, Social, and Governance (ESG) rating from S&P Global rose to 65 out of 100 in 2025, a 30% improvement from 2024 and 85% higher than 2023, placing SEC at the forefront of sustainability among Saudi and regional energy companies.
Operational Highlights and Customer Growth
Electricity demand continued to climb, with peak load up 3% to 75.1 GW and total consumption rising 10% to 160.5 terawatt-hours. SEC successfully met record demand during the Hajj season in Makkah, Madinah, and the Holy Sites without service interruptions.
- The company expanded its customer base by 110,000, reaching 11.4 million customers.
- The distribution network grew 6% to over 827,000 circuit kilometers.
- Transmission and fiber optic networks increased by 6% and 9%, respectively.
SEC continued to upgrade digital infrastructure and automate distribution substations, achieving a 38.4% automation rate. Customer satisfaction improved to 85.8%, reflecting better service quality and communication.
These results highlight SEC’s strong performance, ongoing investments, and leadership in supporting Saudi Arabia’s energy transition.
