Mobily Q1 2023 profit jumps 46% to SAR 465 mln

11/05/2023 Argaam Exclusive

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Etihad Etisalat Co. (Mobily) reported a 46% leap in Q1 2023 net profit to SAR 465 million, from SAR 319 million in the year-earlier period.

Current Quarter Comparison (M)

Compared With The

Item	Q1 2022	Q1 2023	Change‬
Revenues	3,811.01	4,069.64	6.8 %
Gross Income	2,237.58	2,269.95	1.4 %
Operating Income	460.90	635.74	37.9 %
Net Income	319.03	464.92	45.7 %
Average Shares	770.00	770.00	-
EPS (Riyals)	0.41	0.60	45.7 %

Item	Q4 2022	Q1 2023	Change‬
Revenues	4,180.04	4,069.64	(2.6 %)
Gross Income	2,510.24	2,269.95	(9.6 %)
Operating Income	829.26	635.74	(23.3 %)
Net Income	605.89	464.92	(23.3 %)
Average Shares	770.00	770.00	-
EPS (Riyals)	0.79	0.60	(23.3 %)

Mobily continued to grow its revenue to reach SAR 4.05 billion in Q1 2023, a 6.3% rise from SAR 3.81 billion in Q1 2022, on growth in business and consumer segments, with a healthy increase in the subscriber base.

Gross profit rose 3% in Q1 2023 to SAR 2.30 billion from SAR 2.23 billion in the year-earlier period, mainly due to better revenue.

Earnings before interest, tax, depreciation, and amortization (EBITDA) jumped 8% year-on-year (YoY) to SAR 1.55 billion in Q1 2023, pushing EBITDA margin higher to 38.3% from 37.7% in Q1 2022.

Operating profit leapt 36% YoY to SAR 627 million.

The first-quarter net profit dropped 23.3% from SAR 605.89 million in Q4 2022, as revenue decreased by 1.9% YoY. Gross profit fell 7.5% YoY to SAR 2.30 billion. EBITDA also decreased by 12.2% YoY to SAR 1.55 billion

Shareholders’ equity, no minority interest, increased to SAR 16.81 billion as of March 31, 2023, from SAR 15.60 billion a year earlier.

View more financial results

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2014	3,853.06	(31.1 %)	2,163.70	(19.7 %)	420.73	(68.3 %)
Q2 2014	3,568.53	(40.1 %)	1,901.79	(36.1 %)	53.47	(96.7 %)
Q3 2014	3,859.86	(21.0 %)	2,182.85	(33.7 %)	127.01	(92.4 %)
Q4 2014	2,722.09	(33.4 %)	530.71	(79.5 %)	(665.86)	(266.0 %)
2014	14,004.01	(22.6 %)	6,778.54	(39.5 %)	(64.64)	(101.4 %)
Q1 2015	3,680.13	(4.5 %)	1,917.62	(11.4 %)	67.99	(83.8 %)
Q2 2015	3,556.26	(0.3 %)	1,881.45	(1.1 %)	(35.00)	(165.5 %)
Q3 2015	3,700.08	(4.1 %)	2,025.03	(7.2 %)	(50.04)	(139.4 %)
Q4 2015	3,487.65	28.1 %	2,133.98	302.1 %	161.14	124.2 %
2015	14,424.13	3.0 %	7,958.09	17.4 %	144.08	322.9 %
Q1 2016	3,440.28	(6.5 %)	1,924.97	0.4 %	140.29	106.4 %
Q2 2016	3,288.88	(7.5 %)	2,087.68	11.0 %	147.90	522.6 %
Q3 2016	2,931.84	(20.8 %)	1,741.18	(14.0 %)	(137.78)	(175.3 %)
Q4 2016	2,908.40	(16.6 %)	1,671.45	(21.7 %)	85.05	(47.2 %)
2016	12,569.40	(12.9 %)	7,425.29	(6.7 %)	235.47	63.4 %
Q1 2017	2,865.06	(16.7 %)	1,664.83	(13.5 %)	87.56	(37.6 %)
Q2 2017	2,853.83	(13.2 %)	1,633.29	(21.8 %)	40.68	(72.5 %)
Q3 2017	2,805.75	(4.3 %)	1,672.02	(4.0 %)	85.38	162.0 %
Q4 2017	2,826.66	(2.8 %)	1,560.17	(6.7 %)	6.35	(92.5 %)
2017	11,351.30	(9.7 %)	6,530.31	(12.1 %)	219.98	(6.6 %)
Q1 2018	2,832.51	(1.1 %)	1,662.77	(0.1 %)	93.24	6.5 %
Q2 2018	2,894.72	1.4 %	1,774.90	8.7 %	150.19	269.2 %
Q3 2018	2,976.07	6.1 %	1,758.40	5.2 %	250.19	193.0 %
Q4 2018	3,161.62	11.9 %	1,386.14	(11.2 %)	(279.57)	(4503.4 %)
2018	11,864.91	4.5 %	6,582.20	0.8 %	214.05	(2.7 %)
Q1 2019	3,200.96	13.0 %	1,838.71	10.6 %	270.32	189.9 %
Q2 2019	3,330.92	15.1 %	1,956.30	10.2 %	331.00	120.4 %
Q3 2019	3,403.71	14.4 %	2,015.36	14.6 %	317.67	27.0 %
Q4 2019	3,514.39	11.2 %	1,989.62	43.5 %	178.11	163.7 %
2019	13,449.97	13.4 %	7,799.99	18.5 %	1,097.09	412.5 %
Q1 2020	3,599.62	12.5 %	2,065.40	12.3 %	339.05	25.4 %
Q2 2020	3,558.78	6.8 %	2,061.99	5.4 %	372.97	12.7 %
Q3 2020	3,355.01	(1.4 %)	2,055.93	2.0 %	361.06	13.7 %
Q4 2020	3,532.76	0.5 %	1,969.09	(1.0 %)	311.86	75.1 %
2020	14,046.17	4.4 %	8,152.41	4.5 %	1,384.93	26.2 %
Q1 2021	3,602.68	0.1 %	2,071.56	0.3 %	361.55	6.6 %
Q2 2021	3,727.84	4.8 %	2,147.05	4.1 %	378.72	1.5 %
Q3 2021	3,606.12	7.5 %	2,186.11	6.3 %	427.23	18.3 %
Q4 2021	3,897.42	10.3 %	2,266.80	15.1 %	486.51	56.0 %
2021	14,834.06	5.6 %	8,671.52	6.4 %	1,654.00	19.4 %
Q1 2022	3,811.01	5.8 %	2,237.58	8.0 %	460.90	27.5 %
Q2 2022	3,898.75	4.6 %	2,333.12	8.7 %	513.01	35.5 %
Q3 2022	3,827.61	6.1 %	2,300.40	5.2 %	524.85	22.8 %
Q4 2022	4,180.04	7.3 %	2,510.24	10.7 %	829.26	70.5 %
2022	15,717.42	6.0 %	9,381.34	8.2 %	2,328.02	40.8 %
Q1 2023	4,069.64	6.8 %	2,269.95	1.4 %	635.74	37.9 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2013	18,102.67	(23.2 %)	11,206.67	(6.4 %)	4,704.71	(23.3 %)
2014	14,004.01	(22.6 %)	6,778.54	(39.5 %)	(64.64)	(101.4 %)
2015	14,424.13	3.0 %	7,958.09	17.4 %	144.08	322.9 %
2016	12,569.40	(12.9 %)	7,425.29	(6.7 %)	235.47	63.4 %
2017	11,351.30	(9.7 %)	6,530.31	(12.1 %)	219.98	(6.6 %)
2018	11,864.91	4.5 %	6,582.20	0.8 %	214.05	(2.7 %)
2019	13,449.97	13.4 %	7,799.99	18.5 %	1,097.09	412.5 %
2020	14,046.17	4.4 %	8,152.41	4.5 %	1,384.93	26.2 %
2021	14,834.06	5.6 %	8,671.52	6.4 %	1,654.00	19.4 %
2022	15,717.42	6.0 %	9,381.34	8.2 %	2,328.02	40.8 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2014	310.69	(76.8 %)	0.40	-	310.69	0.40
Q2 2014	92.50	(94.3 %)	0.12	-	92.50	0.12
Q3 2014	129.46	(92.1 %)	0.17	-	129.46	0.17
Q4 2014	(2108.45)	(571.1 %)	(2.74)	(1285.00)	(823.45)	(1.07)
2014	(1575.81)	(133.6 %)	(2.05)	(1285.00)	(290.81)	(0.38)
Q1 2015	(44.52)	(114.3 %)	(0.06)	(18.00)	(26.52)	(0.03)
Q2 2015	(900.91)	(1074.0 %)	(1.17)	(782.00)	(118.91)	(0.15)
Q3 2015	(158.29)	(222.3 %)	(0.21)	-	(158.29)	(0.21)
Q4 2015	10.59	100.5 %	0.01	(28.00)	38.59	0.05
2015	(1093.13)	30.6 %	(1.42)	(828.00)	(265.13)	(0.34)
Q1 2016	19.74	144.3 %	0.03	-	19.74	0.03
Q2 2016	3.18	100.4 %	0.00	-	3.18	0.00
Q3 2016	(166.33)	(5.1 %)	(0.22)	116.00	(282.33)	(0.37)
Q4 2016	(70.22)	(763.1 %)	(0.09)	-	(70.22)	(0.09)
2016	(213.64)	80.5 %	(0.28)	116.00	(329.64)	(0.43)
Q1 2017	(163.10)	(926.3 %)	(0.21)	(42.00)	(121.10)	(0.16)
Q2 2017	(189.66)	(6069.6 %)	(0.25)	-	(189.66)	(0.25)
Q3 2017	(174.46)	(4.9 %)	(0.23)	-	(174.46)	(0.23)
Q4 2017	(181.72)	(158.8 %)	(0.24)	-	(181.72)	(0.24)
2017	(708.94)	(231.8 %)	(0.92)	(42.00)	(666.94)	(0.87)
Q1 2018	(93.41)	42.7 %	(0.12)	-	(93.41)	(0.12)
Q2 2018	(78.63)	58.5 %	(0.10)	-	(78.63)	(0.10)
Q3 2018	(30.92)	82.3 %	(0.04)	(83.33)	52.41	0.07
Q4 2018	80.29	144.2 %	0.10	489.90	(409.61)	(0.53)
2018	(122.67)	82.7 %	(0.16)	406.57	(529.23)	(0.69)
Q1 2019	67.25	172.0 %	0.09	(27.00)	94.25	0.12
Q2 2019	37.77	148.0 %	0.05	(15.00)	52.77	0.07
Q3 2019	51.06	265.1 %	0.07	(21.00)	72.06	0.09
Q4 2019	(124.89)	(255.6 %)	(0.16)	-	(124.89)	(0.16)
2019	31.18	125.4 %	0.04	(63.00)	94.18	0.12
Q1 2020	130.28	93.7 %	0.17	-	130.28	0.17
Q2 2020	185.17	390.2 %	0.24	-	185.17	0.24
Q3 2020	221.87	334.6 %	0.29	-	221.87	0.29
Q4 2020	245.94	296.9 %	0.32	-	245.94	0.32
2020	783.25	2411.8 %	1.02	-	783.25	1.02
Q1 2021	225.87	73.4 %	0.29	-	225.87	0.29
Q2 2021	243.80	31.7 %	0.32	-	243.80	0.32
Q3 2021	281.05	26.7 %	0.37	-	281.05	0.37
Q4 2021	320.82	30.4 %	0.42	-	320.82	0.42
2021	1,071.54	36.8 %	1.39	-	1,071.54	1.39
Q1 2022	319.03	41.2 %	0.41	-	319.03	0.41
Q2 2022	359.50	47.5 %	0.47	-	359.50	0.47
Q3 2022	372.52	32.5 %	0.48	-	372.52	0.48
Q4 2022	605.89	88.9 %	0.79	-	605.89	0.79
2022	1,656.94	54.6 %	2.15	-	1,656.94	2.15
Q1 2023	464.92	45.7 %	0.60	-	464.92	0.60

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2013	4,691.91	(22.0 %)	6.09	-	4,691.91	6.09
2014	(1575.81)	(133.6 %)	(2.05)	(1285.00)	(290.81)	(0.38)
2015	(1093.13)	30.6 %	(1.42)	(828.00)	(265.13)	(0.34)
2016	(213.64)	80.5 %	(0.28)	116.00	(329.64)	(0.43)
2017	(708.94)	(231.8 %)	(0.92)	(42.00)	(666.94)	(0.87)
2018	(122.67)	82.7 %	(0.16)	406.57	(529.23)	(0.69)
2019	31.18	125.4 %	0.04	(63.00)	94.18	0.12
2020	783.25	2411.8 %	1.02	-	783.25	1.02
2021	1,071.54	36.8 %	1.39	-	1,071.54	1.39
2022	1,656.94	54.6 %	2.15	-	1,656.94	2.15

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	58.67 %	37.38 %	21.30 %
Q2 2014	60.68 %	35.19 %	15.15 %
Q3 2014	57.50 %	28.75 %	6.38 %
Q4 2014	48.41 %	24.77 %	(2.08 %)
2014	48.40 %	24.77 %	(2.08 %)
Q1 2015	47.24 %	23.57 %	(4.54 %)
Q2 2015	47.13 %	22.22 %	(6.07 %)
Q3 2015	46.53 %	21.11 %	(8.25 %)
Q4 2015	55.17 %	26.13 %	(1.84 %)
2015	55.17 %	26.13 %	(1.84 %)
Q1 2016	56.16 %	27.77 %	(1.54 %)
Q2 2016	58.72 %	30.28 %	(0.70 %)
Q3 2016	59.99 %	31.97 %	(1.68 %)
Q4 2016	59.07 %	31.96 %	(2.62 %)
2016	59.07 %	31.96 %	(2.62 %)
Q1 2017	59.74 %	32.37 %	(3.92 %)
Q2 2017	58.06 %	30.55 %	(5.74 %)
Q3 2017	58.09 %	33.90 %	(4.86 %)
Q4 2017	57.53 %	33.88 %	(5.88 %)
2017	57.53 %	33.88 %	(5.88 %)
Q1 2018	57.68 %	34.38 %	(5.65 %)
Q2 2018	58.72 %	35.42 %	(4.65 %)
Q3 2018	58.60 %	36.33 %	(2.61 %)
Q4 2018	55.48 %	33.91 %	(4.46 %)
2018	55.48 %	33.91 %	(4.46 %)
Q1 2019	55.24 %	34.61 %	(2.79 %)
Q2 2019	54.77 %	36.27 %	(1.66 %)
Q3 2019	54.95 %	35.01 %	(1.45 %)
Q4 2019	57.99 %	37.28 %	0.70 %
2019	57.99 %	37.28 %	0.70 %
Q1 2020	57.96 %	36.85 %	0.94 %
Q2 2020	57.77 %	36.85 %	1.87 %
Q3 2020	58.26 %	37.28 %	2.94 %
Q4 2020	58.04 %	38.12 %	5.58 %
2020	58.04 %	38.12 %	5.58 %
Q1 2021	58.07 %	38.32 %	6.26 %
Q2 2021	57.98 %	37.72 %	6.59 %
Q3 2021	57.87 %	37.34 %	6.89 %
Q4 2021	58.46 %	37.62 %	7.22 %
2021	58.46 %	37.62 %	7.22 %
Q1 2022	58.75 %	37.64 %	7.74 %
Q2 2022	59.31 %	38.12 %	8.42 %
Q3 2022	59.20 %	38.12 %	8.89 %
Q4 2022	59.69 %	39.31 %	10.54 %
2022	59.69 %	39.31 %	10.54 %
Q1 2023	58.92 %	39.45 %	11.28 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2013	61.91 %	41.24 %	25.92 %
2014	48.40 %	24.77 %	(2.08 %)
2015	55.17 %	26.13 %	(1.84 %)
2016	59.07 %	31.96 %	(2.62 %)
2017	57.53 %	33.88 %	(5.88 %)
2018	55.48 %	33.91 %	(4.46 %)
2019	57.99 %	37.28 %	0.70 %
2020	58.04 %	38.12 %	5.58 %
2021	58.46 %	37.62 %	7.22 %
2022	59.69 %	39.31 %	10.54 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	56.16 %	30.06 %	8.06 %
Q2 2014	53.29 %	29.36 %	2.59 %
Q3 2014	56.55 %	26.11 %	3.35 %
Q4 2014	19.50 %	9.34 %	(30.25 %)
Q1 2015	52.11 %	25.80 %	(0.72 %)
Q2 2015	52.91 %	24.14 %	(3.34 %)
Q3 2015	54.73 %	22.18 %	(4.28 %)
Q4 2015	61.19 %	32.70 %	1.11 %
Q1 2016	55.95 %	32.52 %	0.57 %
Q2 2016	63.48 %	34.48 %	0.10 %
Q3 2016	59.39 %	27.65 %	(9.63 %)
Q4 2016	57.47 %	32.79 %	(2.41 %)
Q1 2017	58.11 %	34.35 %	(4.23 %)
Q2 2017	57.23 %	27.42 %	(6.65 %)
Q3 2017	59.59 %	41.19 %	(6.22 %)
Q4 2017	55.19 %	32.68 %	(6.43 %)
Q1 2018	58.70 %	36.32 %	(3.30 %)
Q2 2018	61.32 %	31.60 %	(2.72 %)
Q3 2018	59.08 %	44.38 %	1.76 %
Q4 2018	43.84 %	24.01 %	(12.96 %)
Q1 2019	57.44 %	38.70 %	2.94 %
Q2 2019	58.73 %	38.31 %	1.58 %
Q3 2019	59.21 %	38.52 %	2.12 %
Q4 2019	56.61 %	33.80 %	(3.55 %)
Q1 2020	57.38 %	36.89 %	3.62 %
Q2 2020	57.94 %	38.21 %	5.20 %
Q3 2020	61.28 %	40.36 %	6.61 %
Q4 2020	55.74 %	37.16 %	6.96 %
Q1 2021	57.50 %	37.67 %	6.27 %
Q2 2021	57.60 %	35.93 %	6.54 %
Q3 2021	60.62 %	38.64 %	7.79 %
Q4 2021	58.16 %	38.25 %	8.23 %
Q1 2022	58.71 %	37.75 %	8.37 %
Q2 2022	59.84 %	37.87 %	9.22 %
Q3 2022	60.10 %	38.61 %	9.73 %
Q4 2022	60.05 %	42.72 %	14.49 %
Q1 2023	55.78 %	38.39 %	11.42 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2014	770.00	5.20	5.20	26.58
Q2 2014	770.00	3.22	3.22	25.45
Q3 2014	770.00	1.27	1.27	24.36
Q4 2014	770.00	(2.05)	(0.38)	21.63
Q1 2015	770.00	(2.51)	(0.82)	21.57
Q2 2015	770.00	(3.80)	(1.09)	20.40
Q3 2015	770.00	(4.17)	(1.46)	20.19
Q4 2015	770.00	(1.42)	(0.34)	20.21
Q1 2016	770.00	(1.34)	(0.28)	19.73
Q2 2016	770.00	(0.16)	(0.13)	19.73
Q3 2016	770.00	(0.17)	(0.29)	19.52
Q4 2016	770.00	(0.28)	(0.43)	19.42
Q1 2017	770.00	(0.51)	(0.61)	19.22
Q2 2017	770.00	(0.77)	(0.86)	18.97
Q3 2017	770.00	(0.78)	(0.72)	18.75
Q4 2017	770.00	(0.92)	(0.87)	18.51
Q1 2018	770.00	(0.83)	(0.83)	18.11
Q2 2018	770.00	(0.69)	(0.69)	17.98
Q3 2018	770.00	(0.50)	(0.39)	17.93
Q4 2018	770.00	(0.16)	(0.69)	18.01
Q1 2019	770.00	0.05	(0.44)	17.94
Q2 2019	770.00	0.20	(0.27)	17.97
Q3 2019	770.00	0.31	(0.25)	18.02
Q4 2019	770.00	0.04	0.12	17.86
Q1 2020	770.00	0.12	0.17	18.00
Q2 2020	770.00	0.31	0.34	18.21
Q3 2020	770.00	0.54	0.54	18.52
Q4 2020	770.00	1.02	1.02	18.76
Q1 2021	770.00	1.14	1.14	19.06
Q2 2021	770.00	1.22	1.22	18.89
Q3 2021	770.00	1.29	1.29	19.25
Q4 2021	770.00	1.39	1.39	19.74
Q1 2022	770.00	1.51	1.51	20.26
Q2 2022	770.00	1.66	1.66	19.87
Q3 2022	770.00	1.78	1.78	20.40
Q4 2022	770.00	2.15	2.15	21.24
Q1 2023	770.00	2.34	2.34	21.83

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2013	770.00	6.09	6.09	27.42
2014	770.00	(2.05)	(0.38)	21.63
2015	770.00	(1.42)	(0.34)	20.21
2016	770.00	(0.28)	(0.43)	19.42
2017	770.00	(0.92)	(0.87)	18.51
2018	770.00	(0.16)	(0.69)	18.01
2019	770.00	0.04	0.12	17.86
2020	770.00	1.02	1.02	18.76
2021	770.00	1.39	1.39	19.74
2022	770.00	2.15	2.15	21.24

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2014	17.85	17.85	3.49
Q2 2014	25.37	25.37	3.21
Q3 2014	70.85	70.85	3.70
Q4 2014	NEG	NEG	2.03
Q1 2015	NEG	NEG	1.77
Q2 2015	NEG	NEG	1.66
Q3 2015	NEG	NEG	1.38
Q4 2015	NEG	NEG	1.40
Q1 2016	NEG	NEG	1.49
Q2 2016	NEG	NEG	1.39
Q3 2016	NEG	NEG	0.96
Q4 2016	NEG	NEG	1.24
Q1 2017	NEG	NEG	1.17
Q2 2017	NEG	NEG	1.08
Q3 2017	NEG	NEG	0.93
Q4 2017	NEG	NEG	0.80
Q1 2018	NEG	NEG	0.84
Q2 2018	NEG	NEG	1.09
Q3 2018	NEG	NEG	1.07
Q4 2018	NEG	NEG	0.92
Q1 2019	More than 100	NEG	1.21
Q2 2019	More than 100	NEG	1.36
Q3 2019	78.64	NEG	1.34
Q4 2019	More than 100	More than 100	1.40
Q1 2020	More than 100	More than 100	1.20
Q2 2020	84.77	77.99	1.46
Q3 2020	53.30	53.30	1.54
Q4 2020	28.17	28.17	1.53
Q1 2021	25.89	25.89	1.55
Q2 2021	27.23	27.23	1.76
Q3 2021	24.10	24.10	1.62
Q4 2021	22.38	22.38	1.58
Q1 2022	27.44	27.44	2.05
Q2 2022	21.05	21.05	1.76
Q3 2022	19.98	19.98	1.75
Q4 2022	16.15	16.15	1.64
Q1 2023	17.62	17.62	1.89

Period	P/E	Adjusted P/E	Price/book
2013	14.03	14.03	3.12
2014	NEG	NEG	2.03
2015	NEG	NEG	1.40
2016	NEG	NEG	1.24
2017	NEG	NEG	0.80
2018	NEG	NEG	0.92
2019	More than 100	More than 100	1.40
2020	28.17	28.17	1.53
2021	22.38	22.38	1.58
2022	16.15	16.15	1.64

Business Segments (Million)

Compared With The

Period	Consumer revenues	Business revenues	Wholesale revenues	Outsourcing revenues
Q1 2016	2,905.06	326.39	193.99	14.83
Q2 2016	2,692.57	401.74	177.26	17.32
Q3 2016	2,420.53	327.20	168.43	15.67
Q4 2016	2,431.57	302.17	156.88	17.78
Q1 2017	2,393.89	305.26	147.21	18.70
Q2 2017	2,352.58	306.60	170.72	23.93
Q3 2017	2,301.05	291.18	190.42	23.10
Q4 2017	2,412.37	221.58	168.63	24.08
Q1 2018	2,327.43	311.53	167.46	26.10
Q2 2018	2,349.18	322.29	194.02	29.23
Q3 2018	2,360.77	340.77	240.49	34.04
Q4 2018	2,546.71	363.69	214.29	36.90
Q1 2019	2,526.02	367.74	266.72	40.49
Q2 2019	2,625.28	402.33	258.98	44.32
Q3 2019	2,614.08	454.71	289.17	45.76
Q4 2019	2,793.93	382.45	288.16	49.85
Q1 2020	2,756.69	472.95	318.35	51.63
Q2 2020	2,631.35	569.61	307.57	50.24
Q3 2020	2,515.82	473.22	314.99	50.97
Q4 2020	2,697.24	505.84	279.47	50.22
Q1 2021	2,694.80	577.46	276.56	53.86
Q2 2021	2,721.06	661.14	291.64	54.01
Q3 2021	2,590.94	629.31	323.69	62.19
Q4 2021	2,769.49	712.71	350.86	64.36
Q1 2022	2,741.92	627.89	367.11	74.09
Q2 2022	2,741.65	699.84	375.38	81.88
Q3 2022	2,674.17	671.52	393.76	88.16
Q4 2022	2,737.83	986.04	357.41	98.76
Q1 2023	2,769.71	821.61	367.09	111.24

Period	Consumer revenues	Business revenues	Wholesale revenues	Outsourcing revenues
2016	10,449.73	1,357.51	696.57	65.59
2017	9,459.89	1,124.62	676.98	89.81
2018	9,584.10	1,338.26	816.26	126.26
2019	10,559.31	1,607.23	1,103.03	180.41
2020	10,601.10	2,021.62	1,220.39	203.07
2021	10,776.29	2,580.62	1,242.74	234.42
2022	10,895.58	2,985.29	1,493.66	342.89

Analysts Estimates (Million)

Item	Q1 2023 (e)	Q1 2023 (a)	Change‬
Average	424.97	464.92	9.40 %

Estimates vs Actual (Million)

Item	Q1 2023 (e)	Q1 2023 (a)	Change
Riyad Capital	475.00	464.92	(2.1) %
Sico	449.00	464.92	3.5 %
SNB Capital	448.00	464.92	3.8 %
OSOOL AND BAKHEET	436.56	464.92	6.5 %
FAB Securities	433.00	464.92	7.4 %
AlJazira Capital	397.20	464.92	17.0 %
Al Rajhi Capital	395.00	464.92	17.7 %
U-Capital	366.00	464.92	27.0 %

Financial Ratios

	Current
Market Cap (M Riyal)	41,272.00
Enterprise Value (EV) (M)	44,806.68
Shares Outstanding ((M))	770.00
EPS ( Riyal) (TTM)	3.73
Book Value (BV) ( Riyal)	23.24
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	14.77
P/E (TTM)	14.36
Price/book	2.31
Return on Average Assets (%) (TTM)	7.4
Return on Average Equity (%) (TTM)	16.5

Etihad Etisalat Co. (ETIHAD ETISALAT)

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Mobily Q1 2023 profit jumps 46% to SAR 465 mln

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Profit Performance (Million)

Profitability

Profitability

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Per Share Data (Riyal)

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Revenue by Business Segment (Latest) 2023 Q1

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Mobily Q1 2023 profit jumps 46% to SAR 465 mln

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Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q1 2023

Revenue by Business Segment (Latest) 2023 Q1

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

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Business Segments (Million)