Etihad Etisalat Co. (Mobily) announces its consolidated interim financial results for the period ending on 30-09-2025 (Nine Months)

22 October 2025 09:14 AM

ETIHAD ETISALAT 7020 9.47% 65.30 5.65

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	4,849	4,499	7.779	4,828	0.434
Gross Profit (Loss)	2,691	2,566	4.871	2,623	2.592
Operational Profit (Loss)	1,038	960	8.125	891	16.498
Net profit (Loss)	916	829	10.494	830	10.361
Total Comprehensive Income	918	819	12.087	814	12.776
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	14,455	13,509	7.002
Gross Profit (Loss)	7,867	7,389	6.469
Operational Profit (Loss)	2,779	2,473	12.373
Net profit (Loss)	2,513	2,127	18.147
Total Comprehensive Income	2,494	2,078	20.019
Total Shareholders Equity (after Deducting Minority Equity)	19,285	17,891	7.791
Profit (Loss) per Share	3.27	2.76
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

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is	Mobily achieved a growth in its revenue to reach SAR 4,849 million in Q3 2025 versus SAR 4,499 million in Q3 2024, a YoY growth of 7.8%. This growth is attributed to the increase in all revenue streams, coupled with a healthy growth in the overall subscriber base.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	Mobily achieved a net profit of SAR 916 million for Q3 2025, compared to a net profit of SAR 829 million in Q3 2024, representing an increase of 10.5%, due to the following: Gross profit: Driven by the increase in revenue, gross profit rose by 4.9%, reaching SAR 2,691 million in Q3 2025, versus SAR 2,566 million in Q3 2024. Earnings before interest, tax, depreciation, and amortization (EBITDA): EBITDA increased to reach SAR 1,970 million in Q3 2025, compared to SAR 1,846 million in Q3 2024, representing a YoY growth of 6.7%. This is mainly driven by the Company’s revenue growth and operational efficiency. EBITDA margin amounted to 40.6% in Q3 2025 versus 41.0% in Q3 2024. Operating profit: Operating profit increased by 8.1% in Q3 2025, reaching SAR 1,038 million, compared to SAR 960 million in Q3 2024, due to EBITDA growth. Net other income & expenses: Net other expenses decreased in Q3 2025 to SAR (95.3) million, compared to SAR (102.3) million in Q3 2024, supported by a decrease in net financing costs. Zakat & Income tax expenses: Zakat & Income tax dropped to SAR 26 million in Q3 2025, compared to SAR 29 million in Q3 2024.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	Mobily continued to grow its revenue to reach SAR 4,849 million in Q3 2025 versus SAR 4,828 million in Q2 2025, representing a QoQ growth of 0.4%. This growth is primarily driven by growth in the Business and Wholesale segments.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	Mobily’s net profit reached SAR 916 million in Q3 2025, an increase of 10.4% from SAR 830 million in Q2 2025, due to the following: Gross profit: Gross profit witnessed an increase of 2.6% QoQ, reaching SAR 2,691 million in Q3 2025, compared to SAR 2,623 million in Q2 2025, mainly due to the decrease in cost of revenue. Earnings before interest, tax, depreciation, and amortization (EBITDA): Mobily delivered an EBITDA of SAR 1,970 million in Q3 2025, compared to SAR 1,823 million in Q2 2025, an increase of 8.0%. This is mainly driven by the Company’s revenue growth and operational efficiency. EBITDA margin increased to 40.6% in Q3 2025 compared to 37.8% in Q2 2025. Operating profit: Operating profit increased by 16.5% in Q3 2025, reaching SAR 1,038 million, compared to SAR 891 million in Q2 2025, due to the increase in EBITDA. Net other income & expenses: Despite the decline of finance charges, net other expenses increased in Q3 2025 to SAR (95.3) million, compared to SAR (38.7) million in Q2 2025, due to the decrease in the Company's share of profits from joint ventures. Zakat & Income tax expenses: Zakat & Income tax amounted to SAR 26 million in Q3 2025, compared to SAR 23 million in the previous quarter.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is	Mobily succeeded in growing its revenues by 7.0%, to reach SAR 14,455 million for the period ended 30 September 2025 versus SAR 13,509 million for the similar period of the previous year. This growth is attributed to the expansion of all revenue streams, coupled with a healthy growth in the overall subscriber base.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	Mobily achieved a growth in net profit of 18.1%, reaching SAR 2,513 million in the current period, compared to SAR 2,127 million in the same period last year, driven mainly by the following: Gross Profit: Gross profit climbed 6.5% to SAR 7,867 million in the current period versus SAR 7,389 million for the similar period of the previous year, mirroring the growth in revenue. Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA): Mobily’s EBITDA rose 8.1% to SAR 5,567 million in the current period, up from SAR 5,148 million in the similar period of the previous year. This is mainly attributed to the Company’s revenue growth and operational efficiency. EBITDA margin reached 38.5% in the current period versus 38.1% for the similar period last year. Operating Profit: Operational profit for the current period increased by 12.4% to SAR 2,779 million compared to SAR 2,473 million for the similar period of the previous year, driven by the rise in EBITDA. Net other income & expenses: Net other expenses decreased in the current period to SAR (196.5) million, compared to SAR (252.7) million in the same period of the previous year, due to the increase in the Company’s share of profit from joint ventures, in addition to the increase in finance income. Zakat & Income tax expenses: Zakat & Income tax for the current period amounted to SAR 70 million, compared to SAR 93 million for the similar period of the previous year.
Statement of the type of external auditor's report	Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion)	N/A
Reclassification of Comparison Items	Certain comparative figures have been reclassified to conform to the current period’s presentation.
Additional Information	Mobily’s CAPEX for the nine-month period amounted to SAR 3,629 million, compared to SAR 1,080 million for the similar period of the previous year. By the end of Q3 2025, a total of 2,500,000 treasury shares had been set aside for the Company’s Long-Term Incentive Plan (Employee Share Program), which are not entitled to any cash dividends. Accordingly, the basic Earnings Per Share (EPS) was calculated using a weighted average of 769,575,882 shares for 9M 2025. For more information about the financial results, please refer to the “Earnings Release” attached to this announcement. Furthermore, the condensed consolidated interim financial statements for the period ended 30 September 2025, will be available through Mobily’s Investor Relations Website, and Mobily’s IR App on smartphones and tablets, after being published on the Saudi Exchange website.
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