# Saudi Energy Revenue Climbs 11.5% to SR87.2 Billion in 2026 Strong demand and infrastructure expansion drive financial growth for Saudi Energy this year. - **Source:** [Saudi Gazette](https://saudigazette.com.sa) - **Published:** 2026-11-10 - **Topic:** [Business](https://brifing.si/c/business) - **Original article:** - **On Brifing:** https://brifing.si/s/3f6f89ce-9a14-4544-a399-bd8a8a966e18 ## Revenue and Profit Growth Saudi Energy reported an 11.5 percent revenue increase to SR87.2 billion for the first nine months of 2026. Net profit also rose by 4.3 percent, reaching SR12.1 billion. The company’s EBITDA grew 6.6 percent to SR34.7 billion, driven by consistent electricity demand and a significantly expanding regulated asset base. ## Operational Efficiency Gains CEO Khalid Al-Ghamdi noted that the company successfully met higher electricity demand while enhancing power plant availability. Grid reliability improved significantly, evidenced by a 16 percent reduction in the System Average Interruption Duration Index. This metric fell to 37.17 minutes per customer, reflecting better operational management across the national network. ## Battery Storage Milestones The company achieved its 2026 target for battery energy storage, reaching a capacity of 22 gigawatt-hours. This infrastructure is critical for integrating renewable energy sources into the national grid. By stabilizing supply, the company strengthens its ability to manage intermittent power generation while maintaining consistent service levels for all consumers. ## Infrastructure and Asset Expansion The regulated asset base expanded by 16.6 percent year-on-year, totaling SR278.8 billion by September 30, 2026. This growth is supported by ongoing investments in transmission and distribution infrastructure. Additionally, the transmission network grew by 6 percent, reaching 110,950 circuit kilometers, ensuring broader coverage and improved connectivity across the Kingdom's vast geography. ## Capital Expenditure and Financing Adjusted capital expenditure reached SR59.6 billion during the first nine months of the year. To support these massive infrastructure projects, Saudi Energy secured financing agreements worth approximately SR64.4 billion. These funds were raised through a combination of sukuk issuances and various credit facilities, providing the necessary liquidity for long-term development. ## Rising Electricity Demand Peak electricity demand in the Kingdom rose 2.5 percent to 79,045 megawatts during the period. Total generation capacity reached 56.8 gigawatts, while renewable energy capacity connected to the grid hit 19.3 gigawatts. These figures highlight the rapid scaling of the energy sector to keep pace with the nation's industrial growth. ## Customer Base Growth The company added 237,762 new customers during the first nine months of 2026, marking a 30 percent year-on-year increase. The total customer base now stands at approximately 11.7 million. This rapid expansion underscores the ongoing urbanization and industrial development requiring reliable energy access across the Kingdom's diverse residential and commercial sectors. ## Future Tariff Adjustments Saudi Energy announced an adjustment to electricity service tariffs effective January 1, 2027. The company stated that this change is not expected to have a material financial impact on its results under the current regulatory framework. This proactive communication aims to provide clarity to stakeholders regarding the company's future financial outlook. ## Sources covering this story - https://saudigazette.com.sa/article/666140/saudi-arabia/saudi-energy-revenue-rises-115-to-sr872-billion-in-first-nine-months-of-2026 — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._