MOBILE TELECOMMUNICATIONS COMPANY

Mobile Telecommunications Company K.S.C.P

ZAINStocksBoursa KuwaitTelecommunications

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (KWD)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	2.28B	2.00B	1.91B	1.73B	1.52B
Cost of Revenue	798.24M	651.28M	617.42M	565.59M	461.16M
Gross Profit	1.48B	1.35B	1.29B	1.16B	1.06B
SG&A	661.58M	594.29M	553.91M	457.69M	431.35M
Operating Expenses	1.05B	1.04B	0.93B	0.83B	0.79B
Operating Income	430.47M	307.83M	357.31M	329.15M	265.57M
Interest Income	39.02M	16.49M	25.10M	10.30M	3.74M
Interest Expense	-123.83M	-121.96M	-124.41M	-87.51M	-66.27M
Other Income/Expense	-49.07M	-5.04M	-24.68M	-1.30M	3.97M
Pretax Income	326.06M	180.29M	313.98M	235.33M	207.08M
Income Tax	42.55M	20.46M	23.19M	10.94M	20.60M
Net Income	238.53M	117.27M	215.47M	195.97M	185.75M
EBITDA	732.94M	660.44M	654.61M	631.71M	563.49M
EBIT	430.47M	307.83M	357.31M	329.15M	265.57M
EPS (Basic)	0.06	0.03	0.05	0.05	0.04
EPS (Diluted)	0.06	0.03	0.05	0.05	0.04
DPS	0.04	0.04	0.04	0.04	0.03
Margins & Efficiency
Gross Margin %	+65.0%	+67.4%	+67.7%	+67.3%	+69.6%
EBITDA Margin %	+32.1%	+33.1%	+34.3%	+36.6%	+37.1%
Net Margin %	+10.4%	+5.9%	+11.3%	+11.3%	+12.2%
Revenue & Income
Revenue	2.28B	2.00B	1.91B	1.73B	1.52B
Revenue Growth (YoY)	+14.3%	+4.7%	+10.5%	+13.9%	-6.6%
Interest & Investment Income	39.02M	16.49M	25.10M	10.30M	3.74M
Earnings From Equity Investments	30.35M	2.74M	1.17M	3.61M	3.38M
Gain (Loss) on Sale of Assets	—	1.73M	86.92M	0.40M	0.96M
Currency Exchange Gain (Loss)	-5.14M	16.39M	6.04M	1.88M	-6.65M
Expenses & Provisions
Cost of Revenue	798.24M	651.28M	617.42M	565.59M	461.16M
Selling, General & Admin	661.58M	594.29M	553.91M	457.69M	431.35M
Operating Expenses	1.05B	1.04B	0.93B	0.83B	0.79B
Other Operating Expenses	43.94M	50.45M	48.39M	40.34M	2.92M
Interest Expense	-123.83M	-121.96M	-124.41M	-87.51M	-66.27M
Other Non Operating Income (Expenses)	-49.07M	-5.04M	-24.68M	-1.30M	3.97M
Asset Writedown	-5.12M	-9.86M	-13.48M	—	—
Impairment of Goodwill	—	—	—	-21.20M	—
D&A For EBITDA	302.47M	352.61M	297.30M	302.56M	297.93M
Profitability & Returns
Gross Profit	1.48B	1.35B	1.29B	1.16B	1.06B
Gross Margin	+65.0%	+67.4%	+67.7%	+67.3%	+69.6%
EBIT	430.47M	307.83M	357.31M	329.15M	265.57M
EBIT Margin	+18.9%	+15.4%	+18.7%	+19.0%	+17.5%
EBITDA	732.94M	660.44M	654.61M	631.71M	563.49M
EBITDA Margin	+32.1%	+33.1%	+34.3%	+36.6%	+37.1%
EBT Excluding Unusual Items	321.79M	216.46M	240.53M	256.13M	203.74M
Pretax Income	326.06M	180.29M	313.98M	235.33M	207.08M
Operating Income	430.47M	307.83M	357.31M	329.15M	265.57M
Operating Margin	+18.9%	+15.4%	+18.7%	+19.0%	+17.5%
Profit Margin	+10.4%	+5.9%	+11.3%	+11.3%	+12.2%
Net Income	238.53M	117.27M	215.47M	195.97M	185.75M
Net Income to Common	238.53M	117.27M	215.47M	195.97M	185.75M
Net Income to Company	283.51M	160.54M	290.79M	224.39M	200.88M
Net Income Growth	+103.4%	-45.6%	+10.0%	+5.5%	+0.3%
Earnings From Continuing Ops.	283.51M	159.83M	290.79M	224.39M	186.49M
Earnings From Discontinued Ops.	—	0.71M	—	—	14.39M
Minority Interest in Earnings	-44.99M	-43.27M	-75.31M	-28.42M	-15.13M
Income Tax Expense	42.55M	20.46M	23.19M	10.94M	20.60M
Effective Tax Rate	+13.1%	+11.3%	+7.4%	+4.6%	+9.9%
Per Share & Capital
EPS (Basic)	0.06	0.03	0.05	0.05	0.04
EPS (Diluted)	0.06	0.03	0.05	0.05	0.04
EPS Growth	+103.4%	-45.6%	+10.0%	+5.5%	+0.3%
Dividend Per Share	0.04	0.04	0.04	0.04	0.03
Shares Outstanding (Basic)	4.33B	4.33B	4.33B	4.33B	4.33B
Shares Outstanding (Diluted)	4.33B	4.33B	4.33B	4.33B	4.33B
Dividend Growth	—	—	—	+6.1%	—
Free Cash Flow	399.21M	282.52M	332.93M	308.06M	195.23M
Free Cash Flow Margin	+17.5%	+14.1%	+17.4%	+17.8%	+12.9%
Free Cash Flow Per Share	0.09	0.07	0.08	0.07	0.05
Payout Ratio	+108.5%	+136.9%	+70.3%	+72.4%	+99.9%
Supplemental
Other Unusual Items	9.39M	-28.03M	—	—	2.39M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (KWD)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	2.28B	2.00B	1.91B	1.73B	1.52B
Cost of Revenue	798.24M	651.28M	617.42M	565.59M	461.16M
Gross Profit	1.48B	1.35B	1.29B	1.16B	1.06B
SG&A	661.58M	594.29M	553.91M	457.69M	431.35M
Operating Expenses	1.05B	1.04B	0.93B	0.83B	0.79B
Operating Income	430.47M	307.83M	357.31M	329.15M	265.57M
Interest Income	39.02M	16.49M	25.10M	10.30M	3.74M
Interest Expense	-123.83M	-121.96M	-124.41M	-87.51M	-66.27M
Other Income/Expense	-49.07M	-5.04M	-24.68M	-1.30M	3.97M
Pretax Income	326.06M	180.29M	313.98M	235.33M	207.08M
Income Tax	42.55M	20.46M	23.19M	10.94M	20.60M
Net Income	238.53M	117.27M	215.47M	195.97M	185.75M
EBITDA	732.94M	660.44M	654.61M	631.71M	563.49M
EBIT	430.47M	307.83M	357.31M	329.15M	265.57M
EPS (Basic)	0.06	0.03	0.05	0.05	0.04
EPS (Diluted)	0.06	0.03	0.05	0.05	0.04
DPS	0.04	0.04	0.04	0.04	0.03
Margins & Efficiency
Gross Margin %	+65.0%	+67.4%	+67.7%	+67.3%	+69.6%
EBITDA Margin %	+32.1%	+33.1%	+34.3%	+36.6%	+37.1%
Net Margin %	+10.4%	+5.9%	+11.3%	+11.3%	+12.2%
Revenue & Income
Revenue	2.28B	2.00B	1.91B	1.73B	1.52B
Revenue Growth (YoY)	+14.3%	+4.7%	+10.5%	+13.9%	-6.6%
Interest & Investment Income	39.02M	16.49M	25.10M	10.30M	3.74M
Earnings From Equity Investments	30.35M	2.74M	1.17M	3.61M	3.38M
Gain (Loss) on Sale of Assets	—	1.73M	86.92M	0.40M	0.96M
Currency Exchange Gain (Loss)	-5.14M	16.39M	6.04M	1.88M	-6.65M
Expenses & Provisions
Cost of Revenue	798.24M	651.28M	617.42M	565.59M	461.16M
Selling, General & Admin	661.58M	594.29M	553.91M	457.69M	431.35M
Operating Expenses	1.05B	1.04B	0.93B	0.83B	0.79B
Other Operating Expenses	43.94M	50.45M	48.39M	40.34M	2.92M
Interest Expense	-123.83M	-121.96M	-124.41M	-87.51M	-66.27M
Other Non Operating Income (Expenses)	-49.07M	-5.04M	-24.68M	-1.30M	3.97M
Asset Writedown	-5.12M	-9.86M	-13.48M	—	—
Impairment of Goodwill	—	—	—	-21.20M	—
D&A For EBITDA	302.47M	352.61M	297.30M	302.56M	297.93M
Profitability & Returns
Gross Profit	1.48B	1.35B	1.29B	1.16B	1.06B
Gross Margin	+65.0%	+67.4%	+67.7%	+67.3%	+69.6%
EBIT	430.47M	307.83M	357.31M	329.15M	265.57M
EBIT Margin	+18.9%	+15.4%	+18.7%	+19.0%	+17.5%
EBITDA	732.94M	660.44M	654.61M	631.71M	563.49M
EBITDA Margin	+32.1%	+33.1%	+34.3%	+36.6%	+37.1%
EBT Excluding Unusual Items	321.79M	216.46M	240.53M	256.13M	203.74M
Pretax Income	326.06M	180.29M	313.98M	235.33M	207.08M
Operating Income	430.47M	307.83M	357.31M	329.15M	265.57M
Operating Margin	+18.9%	+15.4%	+18.7%	+19.0%	+17.5%
Profit Margin	+10.4%	+5.9%	+11.3%	+11.3%	+12.2%
Net Income	238.53M	117.27M	215.47M	195.97M	185.75M
Net Income to Common	238.53M	117.27M	215.47M	195.97M	185.75M
Net Income to Company	283.51M	160.54M	290.79M	224.39M	200.88M
Net Income Growth	+103.4%	-45.6%	+10.0%	+5.5%	+0.3%
Earnings From Continuing Ops.	283.51M	159.83M	290.79M	224.39M	186.49M
Earnings From Discontinued Ops.	—	0.71M	—	—	14.39M
Minority Interest in Earnings	-44.99M	-43.27M	-75.31M	-28.42M	-15.13M
Income Tax Expense	42.55M	20.46M	23.19M	10.94M	20.60M
Effective Tax Rate	+13.1%	+11.3%	+7.4%	+4.6%	+9.9%
Per Share & Capital
EPS (Basic)	0.06	0.03	0.05	0.05	0.04
EPS (Diluted)	0.06	0.03	0.05	0.05	0.04
EPS Growth	+103.4%	-45.6%	+10.0%	+5.5%	+0.3%
Dividend Per Share	0.04	0.04	0.04	0.04	0.03
Shares Outstanding (Basic)	4.33B	4.33B	4.33B	4.33B	4.33B
Shares Outstanding (Diluted)	4.33B	4.33B	4.33B	4.33B	4.33B
Dividend Growth	—	—	—	+6.1%	—
Free Cash Flow	399.21M	282.52M	332.93M	308.06M	195.23M
Free Cash Flow Margin	+17.5%	+14.1%	+17.4%	+17.8%	+12.9%
Free Cash Flow Per Share	0.09	0.07	0.08	0.07	0.05
Payout Ratio	+108.5%	+136.9%	+70.3%	+72.4%	+99.9%
Supplemental
Other Unusual Items	9.39M	-28.03M	—	—	2.39M