Mobily Reports SAR 1,781M Net Profit in the Six Months 2026
ETIHAD ETISALAT 7020.SA | 0.00 |
On 2026-07-19 08:04:16 (Saudi Time), Etihad Etisalat Co. (Mobily) announced its Interim financial results for the six months ended on June 30, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 5,080 | 4,828 | 5.219 | 5,040 | 0.793 |
| Gross Profit (Loss) | 2,845 | 2,623 | 8.463 | 2,824 | 0.743 |
| Operational Profit (Loss) | 978 | 891 | 9.764 | 988 | -1.012 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 901 | 830 | 8.554 | 880 | 2.386 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 899 | 814 | 10.442 | 855 | 5.146 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 10,120 | 9,606 | 5.35 |
| Gross Profit (Loss) | 5,669 | 5,177 | 9.503 |
| Operational Profit (Loss) | 1,966 | 1,741 | 12.923 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 1,781 | 1,597 | 11.521 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 1,754 | 1,576 | 11.294 |
| Total Shareholders Equity (after Deducting Minority Equity) | 20,871 | 19,451 | 7.3 |
| Profit (Loss) per Share | 2.32 | 2.07 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
For the six-month period ended 30 June 2026, Mobily's revenue grew 5.35% YoY to SAR 10,120 million from SAR 9,606 million in H1 2025, driven by growth across all revenue streams and a healthy expansion in the overall subscriber base. Net profit attributable to shareholders increased 11.521% YoY to SAR 1,781 million from SAR 1,597 million, primarily supported by a 9.503% rise in gross profit to SAR 5,669 million and a 9.3% increase in EBITDA to SAR 3,934 million (with EBITDA margin expanding to 38.9% from 37.5%), which in turn drove a 12.923% increase in operating profit to SAR 1,966 million. These gains were partially offset by higher net other expenses of SAR 137.5 million (versus SAR 101.2 million in H1 2025) due to a decrease in the company's share of profit from joint ventures, and a modest increase in Zakat & Income tax to SAR 48 million from SAR 43 million.
Quarter-on-Quarter Performance Drivers
QoQ revenue grew modestly by 0.8% to SAR 5,080 million in Q2 2026 from SAR 5,040 million in Q1 2026, driven primarily by growth in the Consumer and Wholesale segments. Net profit increased 2.4% QoQ to SAR 901 million from SAR 880 million, supported by a slight improvement in gross profit (+0.7% to SAR 2,845 million) and a significant reduction in net other expenses to SAR 54.3 million from SAR 83 million, aided by higher other income. These gains were partially offset by a marginal decline in EBITDA (-0.4% to SAR 1,963 million) and operating profit (-1.0% to SAR 978 million), while Zakat & Income tax edged down slightly to SAR 23 million from SAR 25 million in Q1 2026.
Other Items
Etihad Etisalat Co. (Mobily) received an unmodified conclusion from its external auditors for the period ended 30 June 2026, with no additional comments, reservations, disclaimers, or adverse opinions noted. No material risks or going concern uncertainties were flagged. Total shareholders' equity (after deducting minority equity) stood at SAR 20,871 million as of the current period, compared to SAR 19,451 million in the same period of the prior year, representing a 7.3% increase. Earnings per share for the current period reached SAR 2.32, up from SAR 2.07 in the same period last year; the basic EPS was calculated using a weighted average of 767,500 thousand shares, as 2,500,000 treasury shares set aside for the Company's Long-Term Incentive Plan (Employee Share Program) are not entitled to any cash dividends. CAPEX reached SAR 1,287 million in H1 2026, compared to SAR 2,697 million in H1 2025. No accumulated losses or fair value changes in investment properties were reported.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96842&anCat=1&cs=7020&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/31613_481_2026-07-18_22-07-35_en.pdfImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.