Etihad Etisalat Co. (Mobily) announces its consolidated interim financial results for the period ending on 31-03-2025 (Three Months)

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	4,777	4,545	5.104	4,697	1.703
Gross Profit (Loss)	2,554	2,445	4.458	2,505	1.956
Operational Profit (Loss)	850	753	12.881	1,058	-19.659
Net profit (Loss)	767	638	20.219	979	-21.654
Total Comprehensive Income	763	638	19.592	984	-22.459
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Shareholders Equity (after Deducting Minority Equity)	18,637	18,261	2.059
Profit (Loss) per Share	1	0.83
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-	-
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is	Mobily continued to grow its revenue to reach SAR 4,777 million in Q1 2025 versus SAR 4,545 million in Q1 2024, representing a YoY growth of 5.1%. This growth is attributed to the increase in all revenue streams, coupled with a healthy growth in the overall subscriber base.
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 767 million for Q1 2025, compared to a net profit of SAR 638 million in Q1 2024, representing an increase of 20.2%, due to the following:

Gross profit:

Driven by the increase in revenue, gross profit rose by 4.5%, reaching SAR 2,554 million in Q1 2025, versus SAR 2,445 million in Q1 2024.

Earnings before interest, tax, depreciation, and amortization (EBITDA):

EBITDA increased to reach SAR 1,775 million in Q1 2025, compared to SAR 1,651 million in Q1 2024, representing a YoY growth of 7.5%. This reflects the growth in revenue.

EBITDA margin increased to reach 37.1% in Q1 2025 versus 36.3% in Q1 2024.

Operating profit:

Operating profit increased by 12.9% in Q1 2025, reaching SAR 850 million, compared to SAR 753 million in Q1 2024, due to EBITDA growth.

Financial charges and Zakat & Income tax:

Financial charges decreased by 0.6% in Q1 2025 to reach SAR 166 million, compared to SAR 167 million in Q1 2024, due to reduction in interest rates.

Zakat & Income tax also dropped to SAR 21 million in Q1 2025, compared to SAR 35 million in Q1 2024.The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is Mobily achieved a growth in its revenue to reach SAR 4,777 million in Q1 2025 versus SAR 4,697 million in Q4 2024, a QoQ growth of 1.7%. This growth is primarily driven by growth in the Consumer and Wholesale segments, along with a healthy growth in the overall subscriber base.The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is Mobily’s net profit reached SAR 767 million in Q1 2025, a decrease of 21.7% from SAR 979 million in Q4 2024, due to the following:

Gross profit:

Gross profit witnessed an increase of 2.0% QoQ, reaching SAR 2,554 million in Q1 2025, compared to SAR 2,505 million in Q4 2024, mainly due to the increase in revenue.

Earnings before interest, tax, depreciation, and amortization (EBITDA):

Mobily delivered an EBITDA of SAR 1,775 million in Q1 2025, compared to SAR 2,047 million in Q4 2024, a decrease of 13.2%, mainly due to the positive impact of a withholding tax reversal amounting to SAR 284 million during the previous quarter.

EBITDA margin reached 37.1% in Q1 2025 compared to 43.6% in Q4 2024.

Operating profit:

Operating profit decreased by 19.7% in Q1 2025, reaching SAR 850 million, compared to SAR 1,058 million in Q4 2024, due to the decrease in EBITDA.

Financial charges and Zakat & Income tax:

Financial charges increased by 9.2% in Q1 2025, reaching SAR 166 million, up from SAR 152 million in Q4 2024. This increase is due to the acquisition of new spectrum licenses, which have been recognized as intangible assets, resulting in higher expenses associated with their amortization.

Zakat & Income tax amounted to SAR 21 million in Q1 2025, compared to a reversal of Zakat & Income tax expense amounting to SAR 6 million in the previous quarter.Statement of the type of external auditor's report Unmodified conclusionComment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) N/AReclassification of Comparison Items Certain comparative figures have been reclassified to conform to the current period’s presentation.Additional Information CAPEX reached SAR 2,130 million in Q1 2025, compared to SAR 223 million in Q1 2024, driven by the Company’s investments in the previously announced spectrum frequencies.

The condensed consolidated interim financial statements for the period ended March 31, 2025 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.Attached Documents

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.