Below are the financial statements of solutions by stc, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of SAR | 2024 as of 2024-12-31 | 2023 as of 2023-12-31 |
|---|---|---|
| Assets | — | — |
| Current assets | — | — |
| Cash and cash equivalents | 1,127.13a | 2,588.17a |
| Short term murabaha | 2,575a | 850a |
| Trade receivables | 3,758.61a | 4,363.68a |
| Prepayments, short-term investments and other assets | 436.45a | 554.45a |
| Contract assets | 2,249.37a | 1,691.48a |
| Inventories | 212.13a | 248.55a |
| Total current assets | 10,358.69a | 10,296.33a |
| Non-current assets | — | — |
| Non-current investments and other assets | 268.45a | 150.39a |
| Investment in equity accounted investees | 340.69a | 3.37a |
| Intangible assets and goodwill | 557.23a | 625.5a |
| Property and equipment | 425.26a | 390.35a |
| Right of use assets | 89.78a | 50.3a |
| Total non-current assets | 1,681.41a | 1,219.91a |
| Total assets | 12,040.1a | 11,516.24a |
| Liabilities | — | — |
| Current liabilities | — | — |
| Trade payables, accruals and other liabilities | 3,886.61a | 3,314.91a |
| Deferred revenue | 2,089.64a | 3,048.84a |
| Contract liabilities | 467.35a | 380.32a |
| Zakat and income tax payable | 146.27a | 240.03a |
| Bank overdraft and borrowings | 93.03a | 211.34a |
| Total current liabilities | 6,682.9a | 7,195.44a |
| Non-current liabilities | — | — |
| Other non-current liabilities | 103.6a | 18.94a |
| End of service indemnities | 581.7a | 450.19a |
| Borrowings | 642.27a | 499.13a |
| Total non-current liabilities | 1,327.57a | 968.25a |
| Total liabilities | 8,010.47a | 8,163.69a |
| Equity | — | — |
| Share capital | 1,200a | 1,200a |
| Other reserves | -261.24a | -59.86a |
| Treasury shares | -151.06a | -154.44a |
| Retained earnings | 3,219.89a | 2,338.27a |
| Equity attributable to the equity holders of the parent company | 4,007.59a | 3,323.96a |
| Non-controlling interests | 22.03a | 28.59a |
| Total equity | 4,029.63a | 3,352.55a |
| Total liabilities and equity | 12,040.1a | 11,516.24a |
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