Financial Results : Etihad GO net profit rises 21% to SAR 127M in H1 2025/26; Q2 at SAR 65M

Etihad GO net profit rises 21% to SAR 127M in H1 2025/26; Q2 at SAR 65M

05/11/2025 Argaam Exclusive

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Etihad GO (formerly: Etihad Atheeb Telecommunication Co.) reported a net profit of SAR 127 million for H1 2025/26, which ended in September 2025, up 21% from SAR 105.3 million in the same period last year.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 657.00 906.00 37.9 %
Gross Income 195.00 254.00 30.3 %
Operating Income 110.00 136.00 23.6 %
Net Income 105.00 127.00 21.0 %
Average Shares 34.00 34.00 -
Earnings Per Share before unusual items (Riyals) 3.09 3.74 21.0 %
EPS (Riyal) 3.09 3.74 21.0 %

The profit growth was mainly driven by a SAR 248 million increase in revenue, supported by a 19% year-on-year (YoY) rise in business segment sales (SAR 63 million), in addition to higher revenue from its subsidiary, EjadTech Co., which contributed SAR 66 million from system analysis, application design, and development services.

 

Moreover, wholesale and retail sales grew 38%, adding SAR 119 million in H1 2024/25.

 

These gains were partly offset by a SAR 189 million increase in the cost of revenue. The company also recorded the full financial results of its subsidiary, EjadTech, during the period.

 

The second-quarter net profit stood at SAR 65 million, a 10.2% YoY decline from SAR 59 million.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 347.00 470.00 35.4 %
Gross Income 107.00 134.00 25.2 %
Operating Income 59.00 66.00 11.9 %
Net Income 59.00 65.00 10.2 %
Average Shares 34.00 34.00 -
Earnings Per Share before unusual items (Riyal) 1.74 1.91 10.2 %
EPS (Riyal) 1.74 1.91 10.2 %

On a sequential basis, however, net earnings grew 4.8% from SAR 62 million in Q1 2025/26.

 

Total shareholders’ equity (after minority interest) stood at SAR 882 million by Sept. 30, 2025, compared to SAR 654.05 million a year earlier.

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