“Go Communications” profits rose to 70 million riyals in the third quarter
The profits of Etihad Go Communications Company increased by 27% in the third quarter of 2025 to 70 million riyals, compared to 55 million riyals in the same quarter of 2024.
According to the company’s statement on the website "Saudi Arabia trading"This is due to the increase in revenues by an amount of 107 million riyals, and a decrease in administrative and general expenses by an amount of 1 million riyals.
The reasons included: a decrease in financing expenses by an amount of 0.3 million riyals compared to the same quarter of the previous year, as a result of recording income from Islamic deposit murabaha during the current quarter in the amount of 6 million riyals.
Please note that the result of the increase in revenues and the group’s expansions led to an increase in revenue costs by an amount of 79 million riyals, And an increase in selling and marketing expenses by 5 million riyals.
The increase in profits on a quarterly basis is due to an increase in revenues of 19 million riyals, which was offset by an increase in revenue costs of 17 million riyals, in addition to a decrease in financing expenses by 5 million riyals, and a decrease in administrative and general expenses by 10 million riyals.
The group achieved a net profit of 197 million riyals within 9 months, compared to 161 million riyals in the same period in 2024. achieving a growth rate of 22.6%.
This improvement is due to an increase in revenues of 356 million riyals, which was offset by an increase in revenue costs of 268 million riyals, in addition to recording the results of the subsidiary (Ejad Technology) for a full three-month period, compared to a period of only twenty days during the similar period of the previous year.
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