Saudi: Mobily logs $204.4mln profits in Q1-25
Etihad Etisalat Company (Mobily) generated SAR 767 million in net profit during the first quarter (Q1) of 2025, up 20.21% year-on-year (YoY) from SAR 638 million.
The company's revenues increased by 5.10% to SAR 4.77 billion in Q1-25 from SAR 4.54 billion in Q1-24, according to the financial results.
Earnings per share (EPS) reached SAR 1 as of 31 March 2025, compared to SAR 0.83 a year earlier.
Quarterly, the Q1-25 profits dropped by 21.65% from SAR 979 million in Q4-24, while the revenues climbed by 1.70% from SAR 4.69 billion.
Mobily's net profits witnessed an annual growth of 39.20% to SAR 3.10 billion in 2024, versus SAR 2.23 billion.
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