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الاقتصادية
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Mobily Sustains Profit Growth Amid Revenue Drop
Mobily Saudi Arabia witnessed a growth in its profits during the third quarter of 2026, despite a slowdown in revenue growth to the lowest level since the third quarter of 2023. The company recorded a 4.5% increase in revenue, reaching approximately 5.1 billion Saudi Riyals, although this growth came at the slowest pace and fell short of Bloomberg analyst expectations. While the number of mobile subscribers rose by over 12%, this expansion was not matched by a similar growth in revenue, particularly in the business segment, which saw a decline of 0.9%. Challenges mainly centered around rising operating expenses and depreciation, leading to a slight decrease in EBITDA margin to 39.5%. Nonetheless, net profit increased to 925 million Riyals, surpassing forecasts, and there was an improvement in net debt and cash generated from operational activities, reflecting the company's ability to maintain its profits and provide liquidity for investment and debt servicing, despite a 2.8% drop in the stock price following the results.
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