Mobily boosts profits amid revenue slowdown
In the second quarter of 2026, Saudi Telecommunications Company "Mobily" achieved a revenue growth of 5.2%, reaching 5.08 billion Riyals, despite a slowdown compared to previous quarters. The report showed an increase in profits by 8.6%, totaling 901 million Riyals, with the gross profit margin improving to 56% and EBITDA margin rising to 38.6%. Although the number of subscribers increased by 16.4% annually to 14.9 million customers, growth in individual revenue remained limited due to its concentration among prepaid customers, which impacted the average revenue per user. The results indicated that the company was able to convert most of the additional sales into profits, with margin improvements despite operational pressures, reaffirming its focus on expanding its corporate customer base and digital infrastructure.
Notice: This Is an AI-Generated Summary
Comments (0)