Mobily Q2 profits rise slightly amid higher revenue and lower costs
Mobily, the Saudi telecommunications company, reported a net profit of approximately 925 million SAR in the third quarter of 2026, marking a 1% increase compared to the previous year. This surpassed analysts' expectations, which were around 895.5 million SAR. Revenues grew by 4.5% to reach 5.07 billion SAR, driven by growth in the consumer, carrier segments, and an expanding customer base. Despite this, higher depreciation and amortization expenses led to a 3.3% decline in operating profits, bringing it close to 1 billion SAR. Capital expenditures decreased by 21% to 734 million SAR, while cash flow from operating activities increased to 5 billion SAR.
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