Etihad Etisalat (Mobily) announced on Sunday that its net profit for the second quarter of 2026 rose 8.55% to approximately SAR 901 million, compared to SAR 830 million in the same quarter of 2025.

EBITDA increased 7.7% to SAR 1.963 billion.

The company said in a statement on Tadawul that the year-on-year increase in net profit for the second quarter was due to several factors, including a rise in gross profit driven by revenue growth, as gross profit increased 8.5% to SAR 2.845 billion in the second quarter of fiscal year 2026, compared to SAR 2.623 billion in the same quarter of the previous year.

It added that the profit increase was also due to a rise in profit before depreciation, amortization, Islamic financing costs, and Zakat (EBITDA) to SAR 1.963 billion in the second quarter of fiscal year 2026, compared to SAR 1.823 billion in the same quarter of the previous year, an increase of 7.7%, driven by the company's revenue growth.

The EBITDA margin also rose to 38.6% in the second quarter of fiscal year 2026, compared to 37.8% in the same quarter of the previous year.

Operating profit increased 9.8% to SAR 978 million in the second quarter of fiscal year 2026, compared to SAR 891 million in the same quarter of the previous year, due to growth in EBITDA.

In contrast, Zakat and income tax expense for the second quarter of fiscal year 2026 remained stable at SAR 23 million, compared to SAR 23 million in the same quarter of the previous year.

Mobily distributes SAR 1.07 billion in cash dividends for H1 2026

Net other expenses rose to SAR 54.3 million in the second quarter of fiscal year 2026, compared to SAR 38.7 million in the same quarter of the previous year, due to a decrease in the company's share of profits from a joint venture.

In the same context, Mobily's net profit for the first half of 2026 increased 11.5% to approximately SAR 1.78 billion, compared to a net profit of approximately SAR 1.6 billion in the first half of 2025.

The company said the increase in first-half profits was due to several reasons, including a rise in gross profit for the period to SAR 5.6 billion, compared to SAR 5.1 billion in the same period of 2025, an increase of 9.5%, primarily due to revenue growth.

In a related context, Mobily's board of directors approved the distribution of interim cash dividends to shareholders for the first half of fiscal year 2026, at 14% of par value, totaling SAR 1.074 billion.

In a second statement on Tadawul, the company said the number of shares eligible for dividends is 767.5 million shares, with a dividend per share of SAR 1.4, the entitlement date is July 30, and the distribution date is August 19.

It noted that shares purchased and allocated for the long-term incentive program are not entitled to any cash distributions during the company's holding period, and that dividends paid to non-resident investors in the Kingdom will be subject to a 5% withholding tax when transferred or deposited into their bank accounts, in accordance with Article (68) of the Income Tax Law and Article (63) of its implementing regulations.