Mobile Telecommunications Company Saudi Arabia (7030) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 was SAR 5.3 billion, with net profit of SAR 402.3 million, reflecting strong operational execution, digital transformation, and AI initiatives.

• Net profit increased 83% year-over-year, with basic and diluted EPS at SAR 0.45.

• Launched AI Center of Excellence and Smart Hajj platform, advancing digital and AI-driven services.

• Obtained Tier 2 Managed Security Operations Center license, expanding enterprise cybersecurity offerings.

• Interim financials reviewed by KPMG, with no material misstatements identified.

Financial highlights

• H1 2026 revenue was SAR 5,307.3 million, with net profit up 83% to SAR 402.3 million; operating profit rose to SAR 618.5 million.

• Q2 2026 revenue reached SAR 2.7 billion, with gross margin stable at 62%.

• EBITDA for H1 2026 was SAR 1.7 billion, with EBITDA margin at 32%.

• Free cash flow for H1 2026 increased 26% year-over-year to SAR 1,179 million; cash and cash equivalents at SAR 1,609.5 million.

• Dividend of SAR 0.5 per share (SAR 449.4 million) approved for 2025.

Outlook and guidance

• Focus on scaling AI and digital platforms to drive operational efficiency and customer experience.

• Continued investment in 5G, cloud, and fintech to support growth and diversification.

• Preparing for IFRS 18 adoption in 2027, focusing on financial statement presentation and internal controls.

• Portfolio rebalancing in fintech arm to prioritize higher-quality growth and credit discipline.

• Management continues to monitor regional geopolitical risks, with no material impact to date.