Etihad GO Telecom Co. (GO) announces its Annual Consolidated Financial results for the year ended on 31-03-2026

Etihad GO Telecom (GO) reported a net profit of SAR 259 million for the fiscal year ended March 31, 2026, an increase of 17.73% compared to SAR 220 million in the previous year. The bottom-line growth was supported by a 19% increase in EBITDA to SAR 342 million and a reduction in finance costs, which benefited from SAR 29 million in Murabaha income on Islamic deposits.
Annual revenue rose 31.19% to SAR 1.92 billion, driven by a 65% surge in the Wholesale segment (adding SAR 314 million) and the full 12-month consolidation of subsidiary Ejad Tech, which contributed SAR 139 million. The B2B segment also grew by 11% due to increased project activity with government and private sector entities.
Profitability was further enhanced by a SAR 27 million decrease in expected credit losses on trade receivables, reflecting improved sales quality. However, these gains were partially offset by a SAR 365 million increase in the cost of revenues and a SAR 43 million rise in general and administrative expenses as the group expanded its operations.
The company's financial position strengthened with total shareholders' equity increasing by 32.38% to reach SAR 1.01 billion, while earnings per

Element List	Current Year	Previous Year	%Change
Sales/Revenue	1,918	1,462	31.19
Gross Profit (Loss)	522	431	21.11
Operational Profit (Loss)	284	228	24.56
Net Profit (Loss) Attributable to Shareholders of the Issuer	259	220	17.73
Total Comprehensive Income Attributable to Shareholders of the Issuer	258	217	18.89
Total Shareholders Equity (after Deducting Minority Equity)	1,014	766	32.38
Profit (Loss) per Share	7.62	6.46
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	-	-
Accumulated Losses	-	-
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year	The Group continued to achieve strong growth in total revenue, which increased by 31% (SAR 456 million) during the current year compared to the previous year. This growth was primarily driven by the Group’s growth strategy and the following factors: • Revenue from the B2B segment increased by 11% (SAR 80 million), mainly due to higher sales generated from projects executed with government entities and private sector companies. • Revenue from the Wholesale segment grew by 65% (SAR 314 million), driven by higher revenues from voice interconnection services. • The subsidiary Ejad Tech standalone recorded revenues of SAR 139M during the current year, as the company’s financial results were consolidated for a full 12-month period, compared to the previous year when revenues were recognized only for the period from the acquisition date on December 11, 2024 until March 31, 2025 amounting to SAR 43 million at that time.
The reason of the increase (decrease) in the net profit during the current year compared to the last year is	The Group achieved a net profit of SAR 259m, compared to SAR 220m in the last year. This is due to the following factors: • Revenue increased by SAR 456 million, which was partially offset by an increase in cost of revenues of SAR 365 million. Expected credit losses on trade receivables decreased by SAR 27 million due to improved sales quality, while general and administrative expenses increased by SAR 43 million as a result of operational expansion. • Finance costs decreased by SAR 8 million, mainly due to the recognition of Murabaha income on Islamic deposits amounting to SAR 29 million during the current year, compared to SAR 20 million in the previous year. • The subsidiary Ejad Tech standalone recorded costs and expenses amounting to SAR 99 million for the full 12 months of the current year, compared to SAR 35 million recorded in the previous year from the acquisition date of December 11, 2024.
Statement of the type of external auditor's report	Unmodified opinion
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)	Other Matter: The Group consolidated financial statements for the year ended March 31, 2025 were audited by another external auditor, who issued an unmodified opinion on those consolidated financial statements on 5 Muharram 1447H (corresponding to June 30, 2025).
Reclassification of Comparison Items	N/A
Additional Information	The Earnings Before Interest, Taxes, Zakat, Depreciation, and Amortization (EBITDA) for the current year amounted to SAR 342M, compared to SAR 287M for the previous year, representing an increase of SAR 55M, of 19%, which highlights the group's continuous commitment to enhancing operational and financial performance with high efficiency. The group has completed the procedures related to the financial impact of the acquisition in the consolidated financial statements as of March 31, 2026, which were finalized by the independent advisor based on the purchase price allocation report (PPA) dated December 15, 2025.