2 Hrs
Source:
الاقتصادية
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Mobily's Quarterly Profits Rise Slightly
Saudi Mobile Telecommunication Company “Mobily” achieved growth in its profits during the third quarter of 2026, with a net profit of 925 million riyals, a 1% increase compared to the same period last year, surpassing analysts' expectations of 895.5 million riyals. Revenues increased by 4.5% to reach 5.07 billion riyals, benefiting from growth in the consumer and carrier segments and an expanded customer base, despite rising depreciation and amortization expenses and a 3.3% decline in operating profits as a result. Lower other expenses and reduced financing costs contributed to supporting net profits, along with a decrease in capital expenditures to 734 million riyals. Additionally, cash flow from operating activities rose to 5 billion riyals.
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