Mobily 9M 2026 profit rises 8% to SAR 2.7B; Q3 at SAR 925M

Etihad Etisalat Co. (Mobily) reported a net profit of SAR 2.7 billion for first nine months of 2026, an 8% increase from SAR 2.51 billion in the prior-year period.

Revenue rose 5.1% year-on-year (YoY) to SAR 15.19 billion in 9M 2026, driven by growth across all segments and an expanded customer base.

Gross profit rose 8% YoY to SAR 8.49 billion during the same period, while EBITDA soared 6.6% YoY to SAR 5.94 billion, with its margin improving slightly YoY to 39.1%.

Operating profit grew 6.9% YoY to SAR 2.97 billion during the nine-month period, supported by higher EBITDA.

Net other expenses declined to SAR 191 million in 9M 2026, from SAR 197 million in 9M 2025, due to lower financing costs.

This was partially offset by a YoY increase in the nine-month Zakat and income tax expenses to SAR 73 million from SAR 70 million.

The Q3 2026 net profit inched up 1% to SAR 925 million, from SAR 916 million a year earlier, driven by a 4.5% YoY increase in revenue to SAR 5.06 billion. It was supported by growth in the consumer and carriers and operators segments, alongside an expanded customer base. Gross profit rose 4.9% YoY to SAR 2.82 billion, while EBITDA grew 1.6% to SAR 2 billion, with its margin declining to 39.5% by the end of the quarter.

On a sequential basis, the three-month earnings grew 2.6% from SAR 901 million in Q2 2026 due to a 1.9% YoY increase in EBITDA to SAR 2 billion, reflecting operational efficiency. This is besides a 2.7% rise in operating profit to SAR 1 billion, while net other expenses remained broadly stable at SAR 53 million.

Total shareholders’ equity, after minority interest, stood at SAR 20.73 billion by the end of 9M 2026, compared to SAR 19.28 billion in the year-earlier period.

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