Mobily eyes revenue growth, up to 38% EBITDA margin: Acting CFO
In an interview with Argaam, Al Tukhaifi said Mobily aims to maintain a net debt-to-EBITDA ratio of 1x and keep capital expenditure at 16%–18% of revenue, noting that H1 results reflect solid progress toward these targets and support long-term value creation for shareholders and stakeholders.
He reported that Mobily delivered solid financial and operational results in Q2, with earnings growth driven by increased revenue across all segments and ongoing efficiency gains that supported EBITDA.
Gross profit and EBITDA rose 10.3% and 10.5% year-on-year (YoY), respectively, as the enterprise segment expanded through new data centers and the consumer segment benefited from loyalty programs and strategic partnerships.
He added that the carrier segment contributed by delivering tailored digital solutions to businesses and cloud providers.
He pointed out that Mobily's mobile subscriber base reached 12.8 million by the end of Q2, marking a 5% YoY increase, while fiber subscribers totaled 289,000, supported by expanded service offerings and improved support channels, noting that the company has maintained a strong EBITDA margin over the past five years.
The company's long-term investment strategy focuses on digital transformation and infrastructure upgrades, including 5G, IoT, data centers, and subsea cables, CFO added.
During the period, Mobily launched the Red Sea Cable, the first fully Saudi-owned subsea cable, linking Saudi Arabia and Egypt, with the aim of enhancing digital connectivity between Asia, Africa, and Europe.
Mobily secured new spectrum licenses to enhance network quality and capacity, with Al Tukhaifi stating that infrastructure investments will continue while the company maintains a healthy capital structure and delivers strong returns.
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