Saudi Electricity Company (SEC) has reported strong financial and operational results for the second quarter and first half of 2025, reflecting growing demand and strategic investments amid Saudi Arabia’s ongoing energy transition, according to SEC.
In the second quarter, SEC’s revenue climbed 24% to SAR 27.7 billion, with gross profit up 42% at SAR 7.4 billion. Operating profit increased by 21% to SAR 6.8 billion, and net profit reached SAR 5.3 billion, a 22% rise compared to the previous year. For the first half of 2025, revenue grew by 23% to SAR 47.2 billion, gross profit rose 40% to SAR 10.2 billion, operating profit advanced by 20% to SAR 9.1 billion, and net profit increased 19% to SAR 6.3 billion.
SEC attributed these gains to a larger regulated asset base and higher electricity production revenues, driven by increased demand. However, the company also faced higher operating and maintenance costs due to network expansion, asset growth, and greater loads, along with higher provisions for accounts receivable and reduced other income.
The company continues to expand its transmission and distribution networks, supporting renewable energy integration and energy storage initiatives. Strategic investments in digital transformation and operational excellence remain a priority.
Acting CEO Engineer Khalid bin Salim Al-Ghamdi emphasized that SEC’s performance aligns with its strategy to deliver reliable electricity, improve service quality, and support sustainability in line with Vision 2030. He highlighted the company’s commitment to strengthening its position and seizing opportunities from Saudi Arabia’s energy transition.
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 across four locations. An additional 14 GWh of storage is under development and expected to be operational next year.
SEC’s commitment to sustainability was recognized with a 65 out of 100 ESG rating from S&P Global in 2025, representing a 30% improvement over 2024 and placing SEC at the forefront of energy companies in Saudi Arabia and the wider Middle East and North Africa region.
Electricity demand continued to rise, with peak load increasing by 3% to 75.1 GW and total consumption up 10% to 160.5 terawatt-hours. SEC successfully managed record peak loads during the 1446H Hajj season without service interruptions.
Service expansion continued, with 110,000 new customers added, bringing the total to 11.4 million. The distribution network grew by 6% to over 827,000 circuit kilometers, while transmission and fiber optic networks also expanded.
SEC advanced its digital infrastructure, increasing the automation rate of distribution substations to 38.4%. Customer satisfaction improved to 85.8%, reflecting enhanced service quality and communication.
In summary, SEC’s results demonstrate robust growth, operational improvements, and a strong commitment to sustainability and customer service as Saudi Arabia’s energy sector evolves.
