GO profit rises 18% to SAR 259M in 2025/26; Q4 at SAR 62M

Etihad GO Telecom Co. reported a net profit of SAR 259 million for the fiscal year ended March 31, 2026, up 18% from SAR 220 million a year earlier.

The company attributed the increase to a 31% year-on-year rise in revenue, or SAR 456 million, driven by its growth strategy.

Revenue from the business sales segment increased 11%, supported by higher sales from government and private-sector projects, while wholesale segment revenue surged 65% due to growth in voice interconnection services.

Subsidiary EJAD TECH contributed SAR 139 million in revenue during the year, compared with SAR 43 million recorded from the acquisition date of Dec. 11, 2024, through year-end in the previous fiscal year.

Financing costs declined by SAR 8 million due to higher Murabaha income from Islamic deposits, while expected credit losses on trade receivables fell by SAR 27 million following improved sales quality.

The gains came despite a SAR 365 million increase in the cost of revenue and a SAR 43 million rise in general and administrative expenses linked to operational expansion.

The company also recorded SAR 99 million in costs and expenses related to EJAD TECH during the year, compared with SAR 35 million in the previous year after the acquisition.

Fourth-quarter net profit rose 5.3% to SAR 62.21 million from SAR 59.05 million a year earlier.

Quarter on quarter, profit fell 11.2% from SAR 70.06 million in the third quarter of 2025/26.

Total shareholders’ equity, after minority interest, rose to SAR 1 billion as of March 31, 2026, from SAR 766 million a year earlier.