Mobile Telecommunications Company Saudi Arabia (7030) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue reached SAR 2.7 billion, up 6.1% year-over-year, with net profit rising to SAR 93 million, a 39.5% increase from Q1 2024.

• EBITDA reached SAR 813 million, up 44% year-over-year, and EBITDA margin improved to 30%.

• Gross profit increased to SAR 1,672 million, and basic/diluted EPS improved to 0.10 from 0.07 year-over-year.

• The Group remains confident in meeting obligations, supported by an unused syndicated Murabaha facility of 0.88 billion.

• Strategic sponsorships and partnerships, including with Inter Milan and LEAP25, and a new license for digital authentication services.

Financial highlights

• Revenue for Q1 2025 was SAR 2,695 million, up 2% from Q1 2024.

• Operating profit for Q1 2025 was SAR 274 million, up from 251 million in Q1 2024.

• Gross profit rose to SAR 1,672 million, with gross margin at 62%.

• Net profit for Q1 2025 was SAR 93 million, up 39% from Q1 2024.

• Cash and cash equivalents decreased to SAR 311 million from SAR 840 million at year-end 2024.

Outlook and guidance

• Continued focus on digital transformation, network expansion, and financial inclusion aligned with Saudi Vision 2030.

• Ongoing investment in 5G, fintech, and digital services to drive future growth.

• Management expects to continue meeting obligations and maintain operational continuity, leveraging available credit facilities.

• The Group is monitoring the impact of new and upcoming IFRS standards, with no material effect expected in the near term.