Etihad Etisalat Co. · TADAWUL:7020
Etihad Etisalat — Q3 2025 Earnings Presentation
19 slides from Etihad Etisalat's earnings presentation, Oct 28, 2025
Slide 1: Earnings Presentation Q3 2025
, Etihad Etisalat Investor Relations Mobily October 28,2025 Earnings Presentation Q3 2025
Slide 2: Disclaimer
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 reliance should be placed on the fairne
Slide 3: Content
01 Saudi Regulatory and Telecom Environment 02 9M-25 in Review 03 Strategy 2023+ 04 Operational Performance Highlights Content 05 Financial Performance Highlights 06 Key Financial Highlights 07 FY-25 Performance Guidance 08 APPENDIX: Sustainability at Mobily
Slide 4: Saudi Regulatory and Telecom Environment
KSA annual inflation 1 TASI and TTSI 2.3% 2.2% 2.3% 15,000 1.7% 1.9% -5.9% and 10,000 2.3% +10.1% YTD 5,000 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 30-Sep-24 31-Dec-24 31-Mar-25 30-June-25 30-Sep-25 TASI TTSI 3M and 6M SAIBAOR Mobily share price performance 5.2% 5.6% 5.6% 5.5% 5.4% 5.2% +31.4% 51.4 53.4 61.0
Slide 5: 9M-25 in Review
- 30 SEP: Won SHRM HR Technology Excellence Award for enhancing employee - 16 JUL: Obtained the experience local content - 26 SEP: Won 3 - 10 FEB: Announced an certificate for the sixth awards during the investment of over consecutive year MEIRA Conference for 3.4 billion into excellence in Investor
Slide 6: Evolve into the TMT company of the future
Transform the business to address new opportunities in the TMT industry Achieve total Expand 5G experience rollout and leadership network coverage Evolve into the TMT company of the future Repositioning Increase to be a leader in market share new trends Ensure commitment to achieve ESG performance e
Slide 7: Business
Business ▪ Expanded regional presence to ▪ Widened FTTH reach and ▪ Broaden market reach by strengthen geographical improved service migration, securing connectivity services coverage and capture growth further strengthening network deals with national and opportunities in the SMB reliability and cu
Slide 8: Leadership in Enriching your Digital World
Revenue EBITDA Net Income CAPEX 4,849 1,970 916 932 Strong achievements in our financial KPI’s: o Revenue strengthened across all revenue streams, with healthy growth in the subscriber base o Robust EBITDA level supported by revenue growth and operational efficiency o Net Income rose 18% in 9M-25 Le
Slide 9: Revenues
( Million) +7.8% +0.4% +7.0% 4,777 4,828 4,849 14,455 4,697 4,499 13,509 Revenues rose 7.8% YoY and 0.4% QoQ to 4,849 million: 3,028 3,012 2,973 9,014 2,829 2,992 8,599 ▪ All segments contributed to the YoY revenue growth ▪ The growth QoQ was mainly attributed to the increase in Business and Wholesa
Slide 10: Mobile Subscribers and FTTH Subscribers
Mobile Subscribers FTTH Subscribers +14.8% +5.0% +5.2% +2.9% 13.0 12.8 13.4 0.285 0.293 0.289 0.297 12.3 0.283 11.7 2.0 2.0 Postpaid 2.0 2.0 1.9 Prepaid 10.3 11.0 10.8 11.4 9.8 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Mobile subscribers grew 14.8% YoY and 5.0%
Slide 11: EBITDA
EBITDA ( Million) +6.7% +8.0% 2,047 +8.1% 1,970 1,846 1,823 5,567 1,775 5,148 EBITDA increased 6.7% YoY and 8.0% QoQ to 1,970 million: ▪ Resilient EBITDA growth supported by top-line performance and operational efficiency 43.6% 41.0% 40.6% 37.1% 37.8% 38.1% 38.5% ▪ EBITDA Margin reached a strong lev
Slide 12: CAPEX
CAPEX ( Million) +236.0% 3,629 CAPEX increased by 236.0% YoY to 3,629 million: 2,697 2,578 ▪ Investments focused on advancing connectivity by 2,130 expanding 5G networks and improving frequency spectrums 1,080 44.6% ▪ Strategic investment allows Mobily to offer its 25.1% 28.1% customers the latest a
Slide 13: Free Cash Flow (EBITDA – CAPEX)
Free Cash Flow (EBITDA – CAPEX) ( Million) -52.3% -24.6% -17.4% 4,067 1,375 1,257 ▪ Free Cash Flow reached 1,038 million, reflecting the rise in CAPEX due to the acquired spectrum 1,038 9M-25 Free Cash Flow decreased to reach 1,939 million. 1,939 549 9M 2024 9M 2025 (355) Q3 2024 Q4 2024 Q1 2025 Q2
Slide 14: Gross Debt and Net Debt
Gross Debt ( Million) Net Debt ( Million) +10.9% -0.9% +11.5% +3.0% 10,885 10,806 10,714 6,884 6,409 6,965 7,457 7,678 9,659 9,595 0.98x 0.89x 0.95x 1.00x 1.01x 9M 2024 12M 2024 3M 2025 6M 2025 9M 2025 9M 2024 12M 2024 3M 2025 6M 2025 9M 2025 Net Debt/EBITDA ▪ Gross Debt increased by 10.9% YoY, but
Slide 15: Net Income
Net Income ( Million) +18.2% +10.5% +10.4% 979 2,513 916 829 830 2,127 ▪ Net Income increased by 10.5% YoY and 10.4% QoQ to 767 reach 916 million, driven by solid revenue and EBITDA growth ▪ Net Income grew by 18.2% 9M-25 reaching 2,513 million Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 9M 2024 9M 2025
Slide 16: 9M-25 Actual and FY-25 Guidance
9M-25 Actual FY-25 Guidance Mid- to high- single 7.0% Revenue Growth digit growth 38.5% EBITDA Margin 37-38% 1.0x Net Debt/EBITDA 1.0x 25.1% Excluding spectrum: 13.0% CAPEX Intensity 16-18% Earnings Presentation | Q3 2025
Slide 17: Q&A
Q&A Earnings Presentation | Q3 2025
Slide 18: Thank You
Thank You Explore how Mobily continues to drive Get in touch with Mobily’s IR team: sustainability IR Email IR Webpage IR App 2024 Annual Report leadership IRD@mobily.com.sa IR Phone 0560314099
Slide 19: Sustainability at Mobily
Sustained ‘AA’ in MSCI Zero waste to Collaborated to Invested in employee Partnered with ESG Index – highest- landfill across all expand rural well-being and Jood Eskan to rated Mobily operations telecom access, engagement encourage company in MENA covering over activities, elevating donations and r
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