Page 23 - SAMENA Trends - June-August 2021

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

Mobily Net Profit Rises 49% to SAR 470 Mln in H1
2021

Mobily achieved a net profit for the second of SAR 17 million in Q2 2020. 2021.
quarter of 2021, recording net profit The reason of the increase (decrease) in Zakat expenses for Q2 2021 amounted to
reached SAR 244 million compared to a net the net profit during the current quarter SAR 20 million versus Zakat expense of
profit of SAR 185 million in Q2 2020. This is compared to the previous period of the SAR 18 million in Q1 2021.
mainly due to the following: current year isMobily achieved an increase The reason of the increase (decrease) in
Revenues in its net profit for the second quarter of the net profit during the current period
Mobily continued to grow its revenues for 2021, recording net profit reached SAR 244 compared to the same period of the last
the second quarter of 2021, amounted to million compared to net profit of SAR 226 year isMobily achieved a net profit for the
SAR 3,728 million versus SAR 3,559 million million in Q1 2021. This is mainly due to first half of 2021, Where H1 2021 net profit
in Q2 2020, or a YoY growth of 4.75%. the following: amounted to SAR 470 million compared to
This is mainly attributed to the growth in Revenues net profit of SAR 315 million in H1 2020.
business unit revenues, the improvement Mobily revenues in Q2 2021 amounted to This is mainly due to the following:
in the consumer revenues and the growth SAR 3,728 million versus SAR 3,603 million Revenues
of FTTH active base. in Q1 2021, representing an increase by Mobily succeeded in growing its revenues
Gross profit 3.47%. This is mainly attributed to the where H1 2021 revenues increased by
Q2 2021 gross profit amounted to SAR growth in business unit revenues, the 2.40% to reach SAR 7,331 million versus
2,147 million versus SAR 2,062 million in improvement in the consumer revenues, SAR 7,158 million in H1 2020. This is
Q2 2020, a growth of 4.13%. This is mainly the growth of FTTH active base and the mainly attributed to the growth in business
attributed to healthier topline. growth of wholesale revenues. unit revenues and the growth of FTTH
EBITDA Gross profit active base.
Mobily continued in increasing its EBITDA Q2 2021 Gross profit amounted to SAR Gross profit
to reach SAR 1,344 million in Q2 2021 2,147 million versus SAR 2,072 million in Q1 Gross profit for the first half of 2021
versus SAR 1,335 million in Q2 2020, or an 2021, an increase of 3.64%. This increase amounted to SAR 4,219 million versus
increase of 0.67%. The EBITDA increase is is mainly attributed to the improvement in SAR 4,127 million in H1 2020, a growth
attributed to the growth of revenues. the company’s topline. of 2.21%. This is mainly attributed to the
EBITDA margin decreased to 36.1% for Q2 EBITDA increase in the topline.
2021 versus 37.5% for Q2 2020. Q2 2021 EBITDA amounted to SAR 1,344 EBITDA
Operational profit (EBIT) million versus SAR 1,365 million in Q1 Mobily succeeded in increasing its EBITDA
Q2 2021 Operational profit amounted 2021, representing a decrease of 1.49%. to reach SAR 2,709 million in H1 2021
to SAR 384 million compared to an EBITDA margin decreased to 36.1% in Q2 versus SAR 2,620 million in H1 2020, or an
operational profit of SAR 334 million in Q2 2021 versus 37.9% in Q1 2021. increase of 3.37%. The EBITDA increase is
2020, an increase of 14.76% reflecting the Operational profit (EBIT) attributed to the improvement in revenues.
improvement in EBITDA. Q2 2021 EBIT amounted to SAR 384 million EBITDA margin increased to 37.0% for H1
Financial charges and Zakat compared to an EBIT of SAR 369 million in 2021 versus 36.6% for H1 2020.
The financial charges for Q2 2021 Q1 2021, an increase of 3.93% reflecting Operational profit (EBIT)
amounted to SAR 121 million compared to the improvement in the company’s topline. H1 2021 Operational profit amounted
SAR 139 million in Q2 2020 representing a Financial charges and Zakat to SAR 753 million compared to an
decrease of 12.50%. The financial charges for Q2 2021 operational profit of SAR 630 million in H1
Zakat expenses for Q2 2021 amounted to decreased by 3.79% to reach SAR 121 2020, an increase of 19.37%, reflecting the
SAR 20 million compared to Zakat expense million compared to SAR 126 million in Q1 improvement in EBITDA.

23 JUN-AUG 2021