Mobily Reports SAR 880M Net Profit in Three Months 2026
ETIHAD ETISALAT 7020.SA | 0.00 |
On 2026-04-23 07:52:20 (Saudi Time), Etihad Etisalat Co. (Mobily) announced its interim financial results for the three months ended on March 31, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 5,040 | 4,777 | 5.505 | 5,186 | -2.815 |
| Gross Profit (Loss) | 2,824 | 2,554 | 10.571 | 2,874 | -1.739 |
| Operational Profit (Loss) | 988 | 850 | 16.235 | 1,068 | -7.49 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 880 | 767 | 14.732 | 953 | -7.66 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 855 | 763 | 12.057 | 959 | -10.844 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 19,963 | 18,637 | 7.114 |
| Profit (Loss) per Share | 1.15 | 1 | |
| 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
Sales increased 5.505% YoY to SAR 5,040 million driven by growth across all revenue streams and a healthy expansion in the overall subscriber base. Net profit rose 14.732% YoY to SAR 880 million, primarily due to improved revenue mix leading to 10.571% gross profit growth, enhanced operational efficiency reflected in 11.1% EBITDA growth, and strong operating profit increase of 16.235%, despite higher net other expenses and zakat & income tax costs.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 2.8% to SAR 5,040 million from SAR 5,186 million due to seasonality effects from device sales in the Consumer segment during the previous quarter. Net profit decreased 7.7% to SAR 880 million from SAR 953 million, primarily driven by lower revenue leading to reduced gross profit and EBITDA. Operating profit fell 7.5% due to the EBITDA decline, partially offset by decreased net other expenses from higher joint venture profits and lower financing costs.
Other Items
Etihad Etisalat Co. (Mobily) received an unmodified conclusion from external auditors with no adverse comments, disclaimers, or material uncertainties reported. The company reported total shareholders equity of SAR 19,963 million, representing a 7.114% increase from the previous year. Earnings per share improved to SAR 1.15 compared to SAR 1.00 in the same quarter last year. EBITDA margin reached 39.1% in Q1 2026 versus 37.1% in Q1 2025, demonstrating improved operational efficiency. Capital expenditure decreased significantly to SAR 404 million in Q1 2026 from SAR 2,130 million in the previous quarter. The company has set aside 2,500,000 treasury shares for its Long-Term Incentive Plan, with basic EPS calculated using a weighted average of 767,500 thousand shares.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94611&anCat=1&cs=7020&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/31613_481_2026-04-22_23-16-48_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.