Financial Results : GO Telecom profit jumps 22% to SAR 197M in 9M 2025/26; Q3 at SAR 70M

GO Telecom profit jumps 22% to SAR 197M in 9M 2025/26; Q3 at SAR 70M

03/02/2026 Argaam Exclusive

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Etihad GO Telecom Co. (GO Telecom) reported a net profit of SAR 197 million for the nine-month period ended Dec. 31, 2025, up 22% from SAR 161 million in the same period last year.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Revenues 1,039.00 1,395.00 34.3 %
Gross Income 302.00 390.00 29.1 %
Operating Income 166.00 213.00 28.3 %
Net Income 161.00 197.00 22.4 %
Average Shares 34.00 34.00 -
Earnings Per Share before unusual items (Riyals) 4.74 5.79 22.4 %
EPS (Riyal) 4.74 5.79 22.4 %

Revenues rose 34% year-on-year (YoY), driven by a 14% increase in enterprise segment sales. Net sales of the wholesale and individual segments grew by 47%.

 

The telco recorded SAR 87 million revenues from its subsidiary, EjadTech Co., generated from systems analysis as well as application design and development services.

 

On the other hand, the cost of revenues increased by SAR 268 million. In addition, EjadTech results were consolidated for a full three-month period, compared to only 20 days during the same period last year.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Revenues 382.00 489.00 28.0 %
Gross Income 107.00 135.00 26.2 %
Operating Income 56.00 78.00 39.3 %
Net Income 55.00 70.00 27.3 %
Average Shares 34.00 34.00 -
Earnings Per Share before unusual items (Riyal) 1.62 2.06 27.3 %
EPS (Riyal) 1.62 2.06 27.3 %

The third-quarter net profit stood at SAR 70 million, a 27.3% YoY rise from SAR 55 million.

 

On a sequential basis, net earnings grew 7.7% from SAR 65 million in Q2 2025/26.

Total shareholders’ equity (after excluding minority interest) stood at SAR 952 million by Dec. 31, 2025, compared to SAR 709 million a year earlier.

 

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