Revenue remained flat, reflecting top-line stability across revenue streams despite the decline in handsets sales during the quarter.

Zain KSA consolidated net income (after incorporating non-controlling interest) increased by SAR 75 million, reaching SAR 202 million in Q2 2026 compared to SAR 127 million in Q2 2025 representing an increase of 59%.

Gross profit grew by 1.8% to SAR 1,654 million (up from SAR 1,625 million in Q2 2025) equivalent to SAR 29 million as a result of the revenue mix improvement mainly from consumer 5G segment.

Total Opex (including ECL) increase of SAR 6 million mainly from:

Opex increased by SAR 87 million; mainly from the network expansion and maintenance cost;

offset by a decrease in expected credit loss (ECL) by SAR 81 million as a result of cash collection acceleration from Tamam sale of part of its previously written-off receivables with a net ECL positive impact of SAR 53 million.

EBITDA growth of 3% equivalent to SAR 23 million reaching SAR 873 million in Q2 2026 vs. SAR 850 million in Q2 2025.

Operational profit expanded by 17.7% from SAR 305 million to SAR 359 million mainly from the decrease of SAR 31 million in depreciation and amortization (mainly from fully depreciated assets)

One-off income: The company recognized SAR 15 million income from Universal Service Fund during the current quarter.

Reduction in finance costs: finance costs decreased by SAR 12 million (7%) due to the optimization of the company’s debt profile.

It is worth mentioning that after excluding the one-off gains in this quarter, the net profit would have increased by 5% compared to Q2 2025.

Zain KSA consolidated Net profit (after incorporating non-controlling interest) increased slightly from SAR 201 million in Q1 2026 to SAR 202 million in Q2 2026 mainly due to:

1. Gross margin slight reduction of SAR 5 million.

2. Reduction in Opex (including ECL) of total of SAR 75 million mainly from:

a. Cost reduction due to cost optimization initiatives of SAR 29 million.

b. ECL reduction of SAR 46 million mainly from TAMAM.

EBITDA increase of SAR 69 million in Q2 2026 vs. Q1 2026 reaching SAR 873 million as compared to SAR 804 million in Q1 2026.

Operational profit improvement of SAR 99 million or 38% reaching SAR 359 million compared to SAR 260 million in Q1 2026 as a reflection of the EBITDA growth and the decrease in depreciation and amortization of SAR 29 million.

Decrease in one-off income from SAR 98 million realized in Q1 2026 to SAR 15 million in Q2 2026 related to Universal Service Fund.

Zain KSA consolidated net profit (after incorporating non-controlling interest) reached SAR 402 million for the first 6 months as compared to SAR 220 million in H1 2025 mainly due to the following:

Gross margin expansion: Gross profit for the 6-month period increased by 3% to SAR 3,314 million (vs. SAR 3,211 million in 6-month 2025) with an increase of SAR 103 million as result of the revenue mix improvement despite the handsets revenue decline.

Total Opex increase of SAR 90 million including ECL decrease of SAR 55 million.

EBITDA for the first 6 months reached SAR 1,676 million as compared to 1,664 in H1 2025 with an increase of 1% equivalent to almost SAR 13 million.

Operating profit for the 6-month period increased by 7% to SAR 619 million (vs. SAR 579 million in 6-month 2025) as a result of depreciation and amortization decrease of SAR 27 million (mainly from fully depreciated assets).

One-off income: The company recognized SAR 112 million income from Universal Service Fund during the current period.

Reduction in finance costs: finance costs decreased by SAR 38 million (11%) because of the company cost of debt improvement.

It is worth mentioning that after excluding the one-off gains in this period, the net profit would have increased by 8% compared to H1 2025.

EPS Improvement: Earnings per share increased from SAR 0.24 to SAR 0.45.