Financial Results : Mobily Q1 2025 profit rises 20% to SAR 767M

Mobily Q1 2025 profit rises 20% to SAR 767M

23/04/2025 Argaam Exclusive

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Etihad Etisalat Co. (Mobily) reported a net profit of SAR 767 million in Q1 2025, a 20% increase from SAR 638 million a year earlier.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 4,545.48 4,777.47 5.1 %
Gross Income 2,444.96 2,554.28 4.5 %
Operating Income 753.22 849.95 12.8 %
Net Income 637.77 766.67 20.2 %
Average Shares 770.00 770.00 -
Earnings Per Share before unusual items (Riyal) 0.83 1.00 20.2 %
EPS (Riyal) 0.83 1.00 20.2 %

Mobily’s revenue rose 5.1% to SAR 4.77 billion in Q1 2025 versus SAR 4.54 billion in Q1 2024, amid increase in all revenue streams, coupled with a healthy growth in the overall subscriber base.

 

This was driven by a 4.5% increase year-on-year (YoY) in gross profit to SAR 2.5 billion in Q1. Earnings before interest, taxes, depreciation, and amortization (EBITDA) grew 7.5% YoY to SAR 1.77 billion in Q1 2025 on higher revenue. EBITDA margin further increased to 37.1% in Q1 2025 versus 36.3% in Q1 2024.

 

Operating profit rose by 12.9% YoY to SAR 850 million on EBITDA growth.

 

Additionally, financing charges decreased by 0.6% YoY to SAR 166 million, on lower interest rates. Further, Zakat and income tax dropped to SAR 21 million, compared to SAR 35 million a year earlier.

 

On a quarterly basis, net earnings dropped 21.7% from SAR 979 million in Q4 2024 on lower operating income and EBITDA. Financial charges, along with Zakat and income tax, increased.

 

Total shareholders’ equity, no minority interest, reached SAR 18.63 billion by March 31, 2024, compared to SAR 18.26 billion a year earlier.

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