Etihad Qoo Telecommunications Company, one of the active companies in the Saudi telecommunications sector, announced a remarkable growth in its net profits during the third quarter of 2025, as it increased by 27% to reach 70 million riyals, compared to profits of 55 million riyals in the same period of the previous year 2024. This strong performance reflects the success of the company’s strategies in enhancing its revenues and improving its operational efficiency in a competitive market.
According to the financial statement published by the company on the Saudi Stock Exchange (Tadawul) platform, this positive growth is mainly attributed to several key factors, most notably:
- Revenue growth: The company recorded an increase in its revenue of 107 million riyals, indicating increased demand for its services and an expanding customer base.
- Cost control: The company succeeded in reducing administrative and general expenses by one million riyals, in addition to a decrease in financing expenses by 0.3 million riyals, which resulted from recording income from Islamic deposit murabaha worth 6 million riyals during the current quarter.
In contrast, the company witnessed an increase in revenue costs of 79 million riyals, and an increase in sales and marketing expenses of 5 million riyals, which is a normal occurrence that accompanies the expansion of operations and the increase in market share.
General context and importance of results
These results come at a time when the Saudi telecommunications sector is undergoing a radical transformation driven by the goals of Vision 2030, which places digital transformation at the heart of its priorities. The Saudi market is highly competitive among major operators, with a growing focus on developing 5G network infrastructure, the Internet of Things (IoT), and cloud services. Qoo Telecom’s achievement of such growth not only reflects its strong financial performance but also underscores its ability to adapt to evolving market demands and capitalize on the opportunities presented by the Kingdom’s expanding digital economy.
Expected impact and cumulative performance
The strong financial performance of telecom companies like Qoo has a direct impact on the local economy, contributing to increased investment in vital digital infrastructure, job creation, and innovation. These results also bolster investor confidence in the Saudi Stock Exchange (Tadawul) and highlight the attractiveness of the technology and telecommunications sector as a promising area for both domestic and foreign investment.
On a cumulative performance level, the company’s results for the first nine months of 2025 showed a net profit of SAR 197 million, representing a growth rate of 22.6% compared to SAR 161 million in the same period of 2024. This improvement was contributed to, in addition to revenue growth, by the consolidation of the results of the subsidiary (Ejaad Technology) for a full three-month period, reflecting the success of the company’s strategy to expand through quality acquisitions to enhance its portfolio of technology services.
