Earnings release
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1. EBITDA = Operating Income with Depreciation & Amortization and impairment of property and equipment added back 2. Net debt = total debt including short term Murabaha minus cash & cash equivalents Etihad Etisalat Co. (Mobily) Earnings Release for Q 3 202 6 October 20 , 2026 For the 9 - month period ended 3 0 September 202 6 Earnings Release
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1. EBITDA = Operating Income with Depreciation & Amortization and impairment of property and equipment added back 2. Net debt = total debt including short term Murabaha minus cash & cash equivalents Etihad Etisalat Co. (Mobily) Earnings Release for Q 3 202 6 October 20 , 2026 Etihad Etisalat Co. (Mobily) delivers 12 - year record financial performance, bolstered by robust revenue growth across all segments o Delivered growth in revenue of 5 . 1 % in 9M - 26 to reach 1 5 . 2 bn , supported by growth across all revenue streams, along with a net income growth o f 7 . 7 % to reach 2 . 7 b n compared to the similar period of the previous year o Achieved growth in EBITDA 1 of 6 . 6 % for 9M - 2 6 to reach 5 . 9 bn , driven by revenue growth o Recorded a Net Debt/EBITDA 1 of 0 . 90 x Riyadh, Saudi Arabia: Etihad Etisalat Co. (“Mobily” or the “Company”), a leading Saudi Arabian telecommunications services provider, announces its financial results for the Q 3 - 2 6 , achie ving solid results, strengthening its position in the telecommunications market. Financial Performance Highlights – Q 3 - 2 6 • Revenue grew by 4 . 5 % YoY to reach 5 , 0 6 8 mn, supported by growth in the Consumer and Wholesale revenue s . Mobile subscribers also expanded to reach 1 5 . 1 mn ( 1 2 . 9 mn prepaid subscribers, and 2. 2 mn postpaid subscribers), with FTTH subscribers reaching 31 6 thousand • EBITDA 1 increased by 1 . 6 % YoY to reach 2 , 001 mn, driven by revenue growth , with an EBITDA margin o f 3 9 . 5 % compared to 40 . 6 % • Net Income rose by 1 . 0 % YoY to reach 9 25 mn, reflecting revenue growth and higher EBITDA 1 • CAPEX reached 734 mn, in line with the Company’s ongoing investments in fiber network development , data centers and 5G network expansion Etihad Etisalat Co. (Mobily) achieved growth in net income for the 9M - 26, reflecting its solid financial and operational performance
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1. EBITDA = Operating Income with Depreciation & Amortization and impairment of property and equipment added back 2. Net debt = total debt including short term Murabaha minus cash & cash equivalents Etihad Etisalat Co. (Mobily) Earnings Release for Q 3 2026 October 20 , 202 6 Financial and Operational Performance Indicators ( million ) 2025 Q 3 2025 % ∆ YoY Operational KPIs Revenue 5 ,0 68 4, 8 49 4 . 5% Consumer revenue 3, 130 2 , 97 3 5 . 3 % Business revenue 1, 198 1, 209 (0 . 9 % ) Wholesale revenue 6 25 5 68 1 0 . 0 % Others 1 15 9 9 1 6 . 2 % Gross profit 2,8 24 2, 6 91 4 . 9 % Gross profit margin 5 5 . 7 % 5 5 . 5 % 0 . 2 % EBITDA 1 2 , 001 1, 970 1.6% EBITDA margin 3 9 . 5 % 40 . 6 % ) 1.1% ( Net Income 9 25 916 1.0% Cash flow and investment CAPEX 734 93 2 (21 . 2 % ) CAPEX/Revenue 14.5% 1 9 . 2 % (4 . 7 % ) Net cash from operating activities 5,052 4,570 1 0 . 5 % Net cash in investing activities ( 2 ,3 00 ) (1,0 72 ) 114 . 6 % Net cash in financing activities ( 3 , 1 84) ( 2 , 963 ) 7 . 5 % L everage Gross debt 10,3 1 2 10, 714 ( 3 . 8 % ) Net debt 2 7, 227 7 , 678 ( 5 . 9 % ) Net debt/EBITDA (x) 0.9 0 x 1.0 1 x (0.11 x ) Subscriber base Mobile subscribers 1 5 . 1 1 3 . 4 1 2 . 3 % FTTH subscribers 0.31 6 0.29 7 6 . 4 % Q 3 2026
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1. EBITDA = Operating Income with Depreciation & Amortization and impairment of property and equipment added back 2. Net debt = total debt including short term Murabaha minus cash & cash equivalents Etihad Etisalat Co. (Mobily) Earnings Release for Q 3 2026 October 20 , 202 6 Actual vs. Analysts’ Consensus for Q 3 - 26 ( million) Performance Highlights During the third quarter of 2026, Mobily continued to advance local content, expand its strategic partnerships, and embed innovation across the digital and financial services sectors. For the seventh consecutive year, Mobily obtained the Local Content Certificate, reaffirming the Company’s ongoing commitment to strengthening local content across its operations and contributing to the Kingdom’s economic development. Mobily further strengthened its strategic partnerships by signing 23 agreements with leading global companies during its participation at LEAP 2026. Among the key collaborations, Mobily and BytePlus announced a strategic partnership to launch BytePlus’s first public cloud region in the Middle East and Africa located in Riyadh. On the fintech front , Mobily Pay participated in Money20/20 Middle East, forging strategic partnerships aimed at advancing financial innovation and contributing to the development of Saudi Arabia’s fintech ecosystem. Mobily also delivered robust results in net income, supported by its overall financial and operational performance. Across its operating segments, the Company continued to execute strategic initiatives aligned with evolving market dynamics and the needs of diverse sectors. The Consumer segment continued its efforts to enhance digital services and introduce differentiated products designed to address evolving customer needs and capture growing market demand. Moreover, the Business segment refined its strategy to deepen the integration of ICT services and strengthen its position as a strategic partner for digital transformation , supporting sustainable long - term growth. This was complemented by ongoing efforts to improve operational efficiency and boost customer satisfaction. At the Wholesale segment level, Mobily continued to deliver services through strategic partnerships with leading regional and global industry players, supporting the development of the Kingdom’s digital infrastructure. The Wholesale segment also strengthened Mobily’s market presence by showcasing its advanced solutions, digital infrastructure, and global connectivity investments at prominent industry events, contributing to the Kingdom’s competitiveness and reinforcing its position as a regional and global digital hub. Variance % A verage consensus Average consensus (1. 6 %) 5,1 52 5,068 Revenue 0 . 6 % 1 ,9 90 2 , 001 EBITDA 2 . 7 % 90 1 9 25 Net income Actual
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1. EBITDA = Operating Income with Depreciation & Amortization and impairment of property and equipment added back 2. Net debt = total debt including short term Murabaha minus cash & cash equivalents Etihad Etisalat Co. (Mobily) Earnings Release for Q 3 2026 October 20 , 202 6 Performance Guidance – FY 202 6 2025 Mid - to high - single digit growth Revenue Growth 37 - 38% Margin EBITDA 0.9 - 1.0x (x) 1 Net debt/EBITDA 1 8 - 20 % CAPEX/Revenue – ENDS – The condensed consolidated financial statements for the 9 - month period ended 3 0 th September 202 6 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. 2026
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1. EBITDA = Operating Income with Depreciation & Amortization and impairment of property and equipment added back 2. Net debt = total debt including short term Murabaha minus cash & cash equivalents Etihad Etisalat Co. (Mobily) Earnings Release for Q 3 2026 October 20 , 202 6 About Etihad Etisalat Company Etihad Etisalat Company (Mobily) is a leading Saudi Arabian telecommunications services provider that caters to three main sectors: individuals, business, and carriers. Mobily has one of the largest wireless networks by coverage in Saudi Arabia and the reg ion, one of the widest fiber - to - the - home (FTTH) networks, and one of the largest data center systems in the world. The Company was both established and listed on the Saudi Exchange in 2004. It has a share capital of SAR 7,700 mn, divided into 770 mn shares of SAR 10 each. Investor Relations & Media Enquiries Investor Relations App Email: IRD@mobily.com.sa Phone Number: +966 56 031 4099 Website: www.mobily.com.sa Disclaimer This document has been prepared by Mobily (the “Company”) solely for presentation purposes. The information contained in this document has not been independently verified and no representation or warranty, expressed or implied, is made as to, and no relian ce should be placed on the fairness, the accuracy, the completeness or the correctness of the information contained herein. None of the Company o r any of its respective affiliates, advisors or representatives shall have any liability whatsoever for any dir ect or indirect loss whatsoever arising from any use of this document, or contents, or otherwise arising in connection with it. This document does not constitute an offer or invitation to purchase any share or other security in the Company and neither it n or any part of it shall form the basis of, or be relied upon in connection with, any contract or commitment whatsoever. Before making any investment decision, an investor should consider whether such an investment is suitable for his particular purposes and should seek the relevant appropriate professional advice. Any decision to purchase shares or other securities in the Company is the sole responsibility of the investors. Certain information contained in this document consists of forward - looking statem ents reflecting the current view of the Company with respect to future events. They are subject to certain risks, uncertainties and based on certain assumptions. Many factors could make the expected results, performance or achievements be expressed or impl ied by such forward - looking statements (including, but not limited to, worldwide economic trends, economic and political climate of Saudi Arabia, the Middle East and changes in business strategy and various other factors) to be materially different from th e actual historical results, performance achieved by the Company. Should one or more of the risks or uncertainties materialize or should the unde rlying assumptions prove different stock movements or performance achievements may vary materially from those described in such forward - looking statements. Recipients of this document are cautioned not to place any reliance on these forward - looking statements. The Company undertakes no obligation to republish revised for ward looking statements to reflect changed events or circumstances.
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1. EBITDA = Operating Income with Depreciation & Amortization and impairment of property and equipment added back 2. Net debt = total debt including short term Murabaha minus cash & cash equivalents Etihad Etisalat Co. (Mobily) Earnings Release for Q 3 202 6 October 20 , 2026