Mobily’s net income brushes off regional jitters in 2Q

Mobily up in 2Q: Mobily’s net income rose 8.6% y-o-y in 2Q to SAR 901 mn, with revenues jumping 5.2% y-o-y to SAR 5.08 bn, according to an earnings statement (pdf). The increase is driven by growth across all segments with a healthier subscriber base, alongside a 7.7% y-o-y rise in EBITDA to SAR 2 bn in 2Q.

The quarterly read is more modest: Against 1Q 2026, net income grew 2.4%, and revenue edged up just 0.8% driven by the expansion of the consumer segment throughout the Hajj season and a robust wholesale segment bolstered by strategic partnerships with regional and global players.

The dividends: The company will distribute SAR 1.07 bn in dividends for 1H at SAR 1.4 per share, according to a Tadawul disclosure. Shareholders will receive the payout on 19 August.