Saudi Electricity Company Reports Strong H1 2025 Growth, Boosts Renewables and ESG Ranking

Saudi Electricity Company (SEC) has posted robust financial and operational results for the second quarter and first half of 2025, driven by network expansion, rising electricity demand, and strategic investments in sustainability and digital transformation.

In Q2 2025, revenue increased 24% year-on-year to SAR27.7 billion, while gross profit rose 42% to SAR7.4 billion. Operating profit grew 21% to SAR6.8 billion, and net profit climbed 22% to SAR5.3 billion.

For the first half of 2025, revenue reached SAR47.2 billion, up 23% from the same period in 2024. Gross profit rose 40% to SAR10.2 billion, operating profit grew 20% to SAR9.1 billion, and net profit advanced 19% to SAR6.3 billion.

SEC attributed the strong performance to higher allowed revenue from growth in its regulated asset base, increased electricity production revenues, and surging energy demand. These gains were partially offset by higher operating and maintenance expenses, increased provisions for accounts receivable, and lower other income.

Acting CEO Engineer Khalid Al-Ghamdi said the results reflect SEC’s strategy to deliver reliable and secure electricity, improve service quality, and advance sustainability in line with Saudi Arabia’s Vision 2030. “We are committed to strengthening our position and leveraging opportunities from the energy transition, enabled by our talented national workforce and dedication to serving the nation,” he said.

By the end of H1 2025, renewable energy capacity connected to the grid exceeded 9.2 GW, and SEC commissioned 8.0 GWh of battery energy storage systems at sites in Bisha, Jazan, Khamis Mushait, and Najran. An additional 14 GWh of storage capacity is under development for completion in 2026.

SEC also reported a significant improvement in its Environmental, Social, and Governance (ESG) rating from S&P Global, achieving 65 out of 100—a 30% increase over 2024—ranking it the top company in Saudi Arabia and the regional leader in the Middle East and North Africa energy sector.

Electricity demand rose in H1 2025, with peak load up 3% to 75.1 GW and total consumption up 10% to 160.5 TWh. The company met record-breaking peak loads during the 1446 AH Hajj season in Makkah, Madinah, and holy sites without service interruptions.

Customer connections expanded by approximately 110,000 in H1, bringing the total to 11.4 million. Distribution network length increased 6% to over 827,000 circuit kilometers, with transmission and fiber optic networks growing to 103,800 and 101,000 circuit kilometers, respectively.

Digital transformation continued with automation of 38.4% of distribution substations and integration with control centers via fiber optic networks. Customer satisfaction reached 85.8%, reflecting improvements in service reliability and communication.