ETIHAD ETISALAT

Etihad Etisalat Co.

7020StocksTadawulTelecommunications

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (SAR)

1-5

	Q1 2026Mar 31, 2026	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025
Operating Summary
Revenue	5.04B	5.19B	4.85B	4.83B	4.78B
Cost of Revenue	2.22B	2.31B	2.16B	2.21B	2.22B
Gross Profit	2.82B	2.87B	2.69B	2.62B	2.55B
SG&A	849.21M	776.13M	771.21M	785.58M	773.29M
Operating Expenses	1.84B	1.81B	1.65B	1.73B	1.70B
Operating Income	0.99B	1.07B	1.04B	0.89B	0.85B
Interest Income	45.04M	50.94M	48.51M	49.49M	53.68M
Interest Expense	-155.36M	-53.66M	-166.61M	-171.35M	-166.05M
Other Income/Expense	-2.45M	-92.10M	12.65M	21.68M	5.07M
Pretax Income	904.83M	973.58M	942.71M	852.64M	787.46M
Income Tax	25.09M	20.19M	26.29M	22.70M	20.79M
Net Income	879.75M	953.39M	916.42M	829.94M	766.67M
EBITDA	1.81B	1.88B	1.81B	1.67B	1.62B
EBIT	0.99B	1.07B	1.04B	0.89B	0.85B
EPS (Basic)	1.15	1.24	1.19	1.08	1.00
EPS (Diluted)	1.14	1.24	1.19	1.08	1.00
Margins & Efficiency
Gross Margin %	+56.0%	+55.4%	+55.5%	+54.3%	+53.5%
EBITDA Margin %	+35.9%	+36.3%	+37.4%	+34.5%	+33.9%
Net Margin %	+17.5%	+18.4%	+18.9%	+17.2%	+16.0%
Revenue & Income
Revenue	5.04B	5.19B	4.85B	4.83B	4.78B
Revenue Growth (YoY)	+5.5%	+10.4%	+7.8%	+8.1%	+5.1%
Interest & Investment Income	45.04M	50.94M	48.51M	49.49M	53.68M
Earnings From Equity Investments	29.63M	1.54M	10.10M	61.50M	44.81M
Gain (Loss) on Sale of Assets	—	-0.83M	—	—	—
Expenses & Provisions
Cost of Revenue	2.22B	2.31B	2.16B	2.21B	2.22B
Selling, General & Admin	849.21M	776.13M	771.21M	785.58M	773.29M
Operating Expenses	1.84B	1.81B	1.65B	1.73B	1.70B
Other Operating Expenses	—	—	—	—	—
Interest Expense	-155.36M	-53.66M	-166.61M	-171.35M	-166.05M
Other Non Operating Income (Expenses)	-2.45M	-92.10M	12.65M	21.68M	5.07M
D&A For EBITDA	0.82B	0.82B	0.78B	0.78B	0.77B
Profitability & Returns
Gross Profit	2.82B	2.87B	2.69B	2.62B	2.55B
Gross Margin	+56.0%	+55.4%	+55.5%	+54.3%	+53.5%
EBIT	0.99B	1.07B	1.04B	0.89B	0.85B
EBIT Margin	+19.6%	+20.6%	+21.4%	+18.5%	+17.8%
EBITDA	1.81B	1.88B	1.81B	1.67B	1.62B
EBITDA Margin	+35.9%	+36.3%	+37.4%	+34.5%	+33.9%
EBT Excluding Unusual Items	904.83M	974.41M	942.71M	852.64M	787.46M
Pretax Income	904.83M	973.58M	942.71M	852.64M	787.46M
Operating Income	0.99B	1.07B	1.04B	0.89B	0.85B
Operating Margin	+19.6%	+20.6%	+21.4%	+18.5%	+17.8%
Profit Margin	+17.5%	+18.4%	+18.9%	+17.2%	+16.0%
Net Income	879.75M	953.39M	916.42M	829.94M	766.67M
Net Income to Common	879.75M	953.39M	916.42M	829.94M	766.67M
Net Income Growth	+14.7%	-2.7%	+10.6%	+25.5%	+20.2%
Income Tax Expense	25.09M	20.19M	26.29M	22.70M	20.79M
Effective Tax Rate	+2.8%	+2.1%	+2.8%	+2.7%	+2.6%
Per Share & Capital
EPS (Basic)	1.15	1.24	1.19	1.08	1.00
EPS (Diluted)	1.14	1.24	1.19	1.08	1.00
EPS Growth	+14.0%	-2.4%	+10.6%	+25.5%	+20.7%
Dividend Per Share	—	1.60	—	1.20	—
Shares Change (YoY)	0.01	—	—	—	-0
Shares Outstanding (Basic)	765.00M	767.48M	768.74M	770.00M	766.67M
Shares Outstanding (Diluted)	771.71M	770.00M	770.00M	770.00M	766.67M
Dividend Growth	—	+23.1%	—	+33.3%	—
Free Cash Flow	0.84B	1.03B	1.02B	0.61B	0.99B
Free Cash Flow Margin	+16.6%	+19.8%	+21.1%	+12.7%	+20.7%
Free Cash Flow Per Share	1.08	1.33	1.33	0.80	1.29
Payout Ratio	+135.9%	—	+98.3%	+117.5%	—

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (SAR)

1-5

	Q1 2026Mar 31, 2026	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025
Operating Summary
Revenue	5.04B	5.19B	4.85B	4.83B	4.78B
Cost of Revenue	2.22B	2.31B	2.16B	2.21B	2.22B
Gross Profit	2.82B	2.87B	2.69B	2.62B	2.55B
SG&A	849.21M	776.13M	771.21M	785.58M	773.29M
Operating Expenses	1.84B	1.81B	1.65B	1.73B	1.70B
Operating Income	0.99B	1.07B	1.04B	0.89B	0.85B
Interest Income	45.04M	50.94M	48.51M	49.49M	53.68M
Interest Expense	-155.36M	-53.66M	-166.61M	-171.35M	-166.05M
Other Income/Expense	-2.45M	-92.10M	12.65M	21.68M	5.07M
Pretax Income	904.83M	973.58M	942.71M	852.64M	787.46M
Income Tax	25.09M	20.19M	26.29M	22.70M	20.79M
Net Income	879.75M	953.39M	916.42M	829.94M	766.67M
EBITDA	1.81B	1.88B	1.81B	1.67B	1.62B
EBIT	0.99B	1.07B	1.04B	0.89B	0.85B
EPS (Basic)	1.15	1.24	1.19	1.08	1.00
EPS (Diluted)	1.14	1.24	1.19	1.08	1.00
Margins & Efficiency
Gross Margin %	+56.0%	+55.4%	+55.5%	+54.3%	+53.5%
EBITDA Margin %	+35.9%	+36.3%	+37.4%	+34.5%	+33.9%
Net Margin %	+17.5%	+18.4%	+18.9%	+17.2%	+16.0%
Revenue & Income
Revenue	5.04B	5.19B	4.85B	4.83B	4.78B
Revenue Growth (YoY)	+5.5%	+10.4%	+7.8%	+8.1%	+5.1%
Interest & Investment Income	45.04M	50.94M	48.51M	49.49M	53.68M
Earnings From Equity Investments	29.63M	1.54M	10.10M	61.50M	44.81M
Gain (Loss) on Sale of Assets	—	-0.83M	—	—	—
Expenses & Provisions
Cost of Revenue	2.22B	2.31B	2.16B	2.21B	2.22B
Selling, General & Admin	849.21M	776.13M	771.21M	785.58M	773.29M
Operating Expenses	1.84B	1.81B	1.65B	1.73B	1.70B
Other Operating Expenses	—	—	—	—	—
Interest Expense	-155.36M	-53.66M	-166.61M	-171.35M	-166.05M
Other Non Operating Income (Expenses)	-2.45M	-92.10M	12.65M	21.68M	5.07M
D&A For EBITDA	0.82B	0.82B	0.78B	0.78B	0.77B
Profitability & Returns
Gross Profit	2.82B	2.87B	2.69B	2.62B	2.55B
Gross Margin	+56.0%	+55.4%	+55.5%	+54.3%	+53.5%
EBIT	0.99B	1.07B	1.04B	0.89B	0.85B
EBIT Margin	+19.6%	+20.6%	+21.4%	+18.5%	+17.8%
EBITDA	1.81B	1.88B	1.81B	1.67B	1.62B
EBITDA Margin	+35.9%	+36.3%	+37.4%	+34.5%	+33.9%
EBT Excluding Unusual Items	904.83M	974.41M	942.71M	852.64M	787.46M
Pretax Income	904.83M	973.58M	942.71M	852.64M	787.46M
Operating Income	0.99B	1.07B	1.04B	0.89B	0.85B
Operating Margin	+19.6%	+20.6%	+21.4%	+18.5%	+17.8%
Profit Margin	+17.5%	+18.4%	+18.9%	+17.2%	+16.0%
Net Income	879.75M	953.39M	916.42M	829.94M	766.67M
Net Income to Common	879.75M	953.39M	916.42M	829.94M	766.67M
Net Income Growth	+14.7%	-2.7%	+10.6%	+25.5%	+20.2%
Income Tax Expense	25.09M	20.19M	26.29M	22.70M	20.79M
Effective Tax Rate	+2.8%	+2.1%	+2.8%	+2.7%	+2.6%
Per Share & Capital
EPS (Basic)	1.15	1.24	1.19	1.08	1.00
EPS (Diluted)	1.14	1.24	1.19	1.08	1.00
EPS Growth	+14.0%	-2.4%	+10.6%	+25.5%	+20.7%
Dividend Per Share	—	1.60	—	1.20	—
Shares Change (YoY)	0.01	—	—	—	-0
Shares Outstanding (Basic)	765.00M	767.48M	768.74M	770.00M	766.67M
Shares Outstanding (Diluted)	771.71M	770.00M	770.00M	770.00M	766.67M
Dividend Growth	—	+23.1%	—	+33.3%	—
Free Cash Flow	0.84B	1.03B	1.02B	0.61B	0.99B
Free Cash Flow Margin	+16.6%	+19.8%	+21.1%	+12.7%	+20.7%
Free Cash Flow Per Share	1.08	1.33	1.33	0.80	1.29
Payout Ratio	+135.9%	—	+98.3%	+117.5%	—