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 | 2023 |
|---|---|---|
| Revenue | 12,063.9a | 11,040.49a |
| Cost of revenue | -9,280.92a | -8,442.88a |
| Gross profit | 2,782.97a | 2,597.62a |
| General and administration expenses | -720.23a | -714.91a |
| Selling and distribution expenses | -402.19a | -495.82a |
| Total operating expenses | -1,122.42a | -1,210.73a |
| Operating profit | 1,660.56a | 1,386.89a |
| Finance income | 114.4a | 145.45a |
| Finance cost | -73.5a | -76.08a |
| Other expenses, net | -65.5a | -51.66a |
| Share in net results from equity accounted investee | 5.82a | 0.13a |
| Total other (expense) / income | -18.78a | 17.84a |
| Profit before zakat and income tax | 1,641.77a | 1,404.73a |
| Zakat and income tax, net | -38.96a | -209.58a |
| Net profit | 1,602.82a | 1,195.15a |
| Net profit attributable to | — | — |
| Equity holders of the parent company | 1,596.63a | 1,192.15a |
| Non-controlling interests | 6.18a | 3a |
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