Saudi mobile telecommunications company Zain Saudi Arabia reported a 60.6% rise in net profit in the second quarter of 2026, reaching about $54.4 million (SR204 million), compared with about $33.87 million (SR127 million) in the same period of 2025.
On a quarterly basis, net profit rose 1.5% in the second quarter of 2026 from about $53.6 million (SR201 million) in the first quarter of the year.
In a statement released on Saudi stock exchange Tadawul on Tuesday, the company said gross profit increased 1.8% year on year to $441 million (SR1.654 billion), supported by an improved revenue mix, mainly driven by growth in 5G services for the consumer segment.
Total operating expenses, including expected credit losses, rose by $1.6 million (SR6 million), largely due to a $23.2 million (SR87 million) increase in operating expenses linked to network expansion and higher maintenance costs.
That increase was partly offset by a $21.6 million (SR81 million) decline in expected credit losses, following accelerated cash collection from Tamam after the sale of part of a debt portfolio for which provisions had already been made. This resulted in a net positive impact on expected credit losses of $14.1 million (SR53 million).
EBITDA
EBITDA rose 3%, or $6.13 million (SR23 million), to $232.8 million (SR873 million) in the second quarter of 2026, up from about $226.7 million (SR850 million) in the same period of 2025.
Operating profit climbed 17.7% from $81.33 million (SR305 million) to $95.7 million (SR359 million), mainly due to a SR31 million decline in depreciation and amortization expenses, largely as a result of the full depreciation of certain assets.
The company also recorded one-off income of about $4 million (SR15 million) from the Universal Service Fund in the second quarter of this year.
Financing costs fell by $3.2 million (SR12 million), or 7%, due to an improved debt structure.
Excluding the one-off income recorded in the second quarter of this year, net profit increased 5% compared with the second quarter of 2025.
For the first half of 2026, Zain Saudi Arabia’s net profit rose 84% to about $108 million (SR405 million), compared with about $58.7 million (SR220 million) in the first half of 2025.
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