Mobily Q2 profit increases.

Mobily, a Saudi Arabian telecom operator, reported a rise in Q2 profit due to higher revenues from mobile and fixed-line services. The company's net profit reached SAR 2.3bn ($610m), up 3.2% YoY, despite a 1.4% decline in revenues to SAR 15.7bn. Mobily's mobile subscriber base increased by 1.8% to 25.4 million, while its fixed-line subscribers rose 1.5% to 3.2 million.

Saudi National Bank (SNB) and Mobily, a Saudi Arabian telecom operator, reported robust second quarter (Q2) financial performances, driven by higher revenues and reduced impairment charges.

SNB's Q2 Profit Jump

SNB, the kingdom's largest lender by assets, announced a 17.3% increase in Q2 net profit, reaching 6.1 billion riyals ($1.63 billion) compared to 5.2 billion riyals in the year-earlier period [1]. The bank attributed the growth to higher net special commission income and operating income, along with lower net impairment charges for expected credit losses.

Mobily's Q2 Profit Rise

Mobily, a leading Saudi Arabian telecom operator, reported a 3.2% year-over-year (YoY) increase in net profit to 2.3 billion Saudi riyals ($610 million) for the second quarter, despite a 1.4% decline in revenues to 15.7 billion riyals [2]. The company's mobile subscriber base grew by 1.8% to 25.4 million, while fixed-line subscribers increased by 1.5% to 3.2 million. This growth in subscriber base, coupled with higher revenues from mobile and fixed-line services, contributed to Mobily's improved financial performance.

Financial Highlights

- SNB: Q2 net profit: 6.1 billion riyals ($1.63 billion) [1]
- Mobily: Q2 net profit: 2.3 billion riyals ($610 million) [2]

References:

[1] https://www.tradingview.com/news/reuters.com,2025:newsml_L1N3TI04U:0-saudi-arabian-lender-snb-reports-17-3-jump-in-q2-profit/
[2] https://www.stocktitan.net/news/IQST/iqst-iqstel-issues-recap-shareholder-letter-highlighting-2-debt-cr22kf2rz2yv.html