Mobile Telecommunication Company Saudi Arabia (Zain KSA) announces its Interim Financial results for the Period Ending on 2025-03-31 (Three Months)
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 2,690 | 2,535 | 6.114 | 2,695 | -0.185 |
| Gross Profit (Loss) | 1,585 | 1,545 | 2.588 | 1,672 | -5.203 |
| Operational Profit (Loss) | 274 | 251 | 9.163 | 389 | -29.562 |
| Net profit (Loss) | 93 | 67 | 38.805 | 274 | -66.058 |
| Total Comprehensive Income | 85 | 68 | 25 | 260 | -67.307 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 10,792 | 10,659 | 1.247 |
| Profit (Loss) per Share | 0.1 | 0.07 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | Zain KSA reached a revenue of SAR 2.7 billion in Q1 2025 vs 2.5 billion in Q1 2024 representing a growth of 6.1% (SAR 155 million). This increase is driven by the growth in consumer segment mainly from 5G and from TAMAM. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Net profit for the period was higher than the same period in 2024 by SAR 26 million as a result of the following:
- An increase in gross profit by SAR 40 million, driven by the increase in revenue. Gross profit reached SAR 1,585 million.
- EBITDA increased by SAR 40 million representing a 5.2% increase, to reach SAR 813 million.
- An increase in depreciation and amortization expenses of SAR 17 million due to the capitalization of the new spectrum. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Zain KSA Q1 2025 revenue is slightly lower than Q4 2024 by SAR 5 million representing 0.2% |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The decrease in net profit by SAR 181 million between Q1 2025 and Q4 2024 is due to the following reasons:
- Decrease in gross profit by SAR 87 million.
- Increase in operating expenses, including Expect Credit Loss; by SAR 13 million.
- Increase in depreciation and amortization expenses by SAR 15 million.
- Decrease in Zakat by SAR 84 million; where Zain KSA has reassessed in Q4 2024 its zakat provision and consequently has reversed additional provision charged for an amount of SAR 76 million. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | N/A |
| Reclassification of Comparison Items | N/A |
| Additional Information | Total CAPEX investment for the period amounted to SAR 504 million along with the capitalization of the spectrum to further enhance the customer’s experience and the quality of the services. |
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