SEC reports strong financial growth amid network expansion and sustainability efforts.
RIYADH, Saudi Arabia — The Saudi Electricity Company (SEC) has announced a robust financial and operational performance for the second quarter and first half of 2025. The company’s net profit for the second quarter increased by 22% year-on-year, reaching SAR5.3 billion. This growth was primarily driven by higher revenue from increased electricity production and a growing regulated asset base.
For the first half of 2025, SEC’s net profit grew by 19% to SAR6.3 billion compared to the same period in the previous year. This strong performance is in line with the company’s strategy to expand its transmission and distribution networks. This expansion aims to meet rising electricity demand and support the integration of renewable energy sources across the Kingdom.
In a significant development, SEC’s Environmental, Social, and Governance (ESG) rating from S&P Global saw a substantial improvement. The company’s score of 65 out of 100 marks a 30% increase from 2024, positioning it as the regional leader in the energy sector. This achievement underscores SEC’s commitment to sustainability and aligns with the goals of Saudi Vision 2030.
Acting CEO Engineer Khalid Al-Ghamdi commented on the results, stating, “Our positive performance in the first half of 2025 reflects the company’s continued growth across its business portfolio and asset base.” He added that SEC is committed to leveraging opportunities from the energy transition to further strengthen its position.
Source: Saudi Press Agency (SPA)
