Mobily H1 2025 profit up 23% to SAR 1.59B; Q2 at SAR 830M

22/07/2025 Argaam Exclusive

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Etihad Etisalat Co. (Mobily) reported a net profit of SAR 1.59 billion for H1 2025, an increase of 23% from SAR 1.29 billion in the prior-year period.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 9,010.68 9,605.90 6.6 %
Gross Income 4,822.91 5,176.79 7.3 %
Operating Income 1,512.47 1,741.27 15.1 %
Net Income 1,298.89 1,596.61 22.9 %
Average Shares 770.00 770.00 -
Earnings Per Share before unusual items (Riyals) 1.69 2.07 22.9 %
EPS (Riyal) 1.69 2.07 22.9 %

The telco noted a revenue growth of 6.6% year-on-year (YoY) to SAR 9.6 billion in H1 2025, mainly driven by increased revenue across all business segments and supported by a growing customer base.

 

Gross profit rose to SAR 5.17 billion, up 7.3% YoY due to the increase in revenues.

 

EBITDA grew 9% to SAR 3.59 billion, pushing up EBITDA margin to 37.5% in the current period, from 36.6% in the prior-year period. Operating profit increased by 15.2% YoY to SAR 1.74 billion.

 

Additionally, net other expenses shrank to SAR 101.2 million from SAR 150.4 million in the same period last year, due to a higher share in profits from a joint venture, despite higher financing costs (FCs) linked to the company’s acquisition of spectrum licenses.

 

Zakat and income tax expense declined to SAR 43 million.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 4,465.20 4,828.42 8.1 %
Gross Income 2,377.96 2,622.50 10.3 %
Operating Income 759.25 891.32 17.4 %
Net Income 661.12 829.94 25.5 %
Average Shares 770.00 770.00 -
Earnings Per Share before unusual items (Riyal) 0.86 1.08 25.5 %
EPS (Riyal) 0.86 1.08 25.5 %

Q2 2025 net profit surged 26% to SAR 830 million, from SAR 661 million a year earlier.

 

On a sequential basis, Q2 earnings grew 8.2% from SAR 767 million in Q1 2025.

 

Total shareholders’ equity, no minority interest, stood at SAR 19.45 billion by the end of H1 2025, compared to SAR 17.76 billion in the year-earlier period.

 

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