| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 3,811 | 3,603 | 5.772 | 3,897 | -2.206 |
| Gross Profit (Loss) | 2,238 | 2,072 | 8.011 | 2,267 | -1.279 |
| Operational Profit (Loss) | 468 | 369 | 26.829 | 492 | -4.878 |
| Net Profit (Loss) after Zakat and Tax | 319 | 226 | 41.15 | 321 | -0.623 |
| Total Comprehensive Income | 405 | 229 | 76.855 | 372 | 8.87 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Share Holders Equity (after Deducting Minority Equity) | 15,601 | 14,674 | 6.317 |
| Profit (Loss) per Share | 0.41 | 0.29 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Mobily achieved a net profit of SAR 319 million for Q1 2022, a 41.2% increase from SAR 226 million in Q1 2021, due to the following: |
Revenue
Mobily continued to grow its revenue to reach SAR 3,811 million in Q1 2022, a 5.8% growth from SAR 3,603 million in Q1 2021. The increase in Mobily’s revenue was mainly driven by growth in Business, Consumer, and Wholesale segments, with a healthy growth in the subscriber base.
Gross Profit
Gross profit increased by 8.0% in Q1 2022, reaching SAR 2,238 million from SAR 2,072 million in Q1 2021, mainly due the increase in revenues.
EBITDA
Mobily achieved an EBITDA of SAR 1,445 million in Q1 2022, an increase of 5.9% compared to SAR 1,365 million in Q1 2021. The increase in EBITDA mostly reflects the growth in revenues in addition to operational efficiencies.
The EBITDA margin reached 37.9% in Q1 2022, unchanged from the level recorded in Q1 2021.
Operational profit (EBIT)
Operational profit increased by 26.7% in Q1 2022, reaching SAR 468 million, from SAR 369 million in Q1 2021, due to the increase in EBITDA.
Financial charges and Zakat
Financial charges decreased by 1.2% in Q1 2022 to reach SAR 125 million from SAR 126 million in Q1 2021.
Zakat expenses at SAR 31 million in Q1 2022 compared to SAR 18 million in Q1 2021.
Revenue
Mobily’s revenue amounted to SAR 3,811 million in Q1 2022, a 2.2% decrease from SAR 3,897 million in Q4 2021. The slight decrease was mainly attributed to the seasonality nature of some services and projects.
Gross Profit
Gross profit decreased by 1.3% in Q1 2022, to reach SAR 2,238 million from SAR 2,267 million in Q4 2021, mainly due to the decrease in revenues.
EBITDA
Mobily delivered an EBITDA of SAR 1,445 million in Q1 2022, compared to SAR 1,496 million in Q4 2021, a decrease of 3.4%. The decrease in EBITDA mostly reflects the decrease in revenues.
The EBITDA margin reached 37.9% in Q1 2022 compared to 38.4% in Q4 2021.
Operational profit (EBIT)
Operational profit decreased by 4.9% in Q1 2022, reaching SAR 468 million, from SAR 492 million Q4 2021, due to the decrease in EBITDA.
Financial charges and Zakat
Financial charges decreased by 5.3% in Q1 2022, to reach SAR 125 million from SAR 132 million in Q4 2021.
Zakat expenses at SAR 31 million in Q1 2022 compared to SAR 22 million in Q4 2021.
CAPEX reached SAR 220 million in Q1 2022, compared to SAR 155 million in Q1 2021.
Operational Cash Flow
Mobily was able to deliver solid Operational Cash Flow (EBITDA-CAPEX), at SAR 1,225 million in Q1 2022, a 1.3% increase from SAR 1,210 million in Q1 2021.
The condensed consolidated financial statements for the period ended 31st March 2022 will be available through Mobily’s Investor Relations Website, and Mobily’s IR App on smartphones and tablets, after being published on the Saudi Exchange website.
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.