GO logs SAR 46.7M profit in Q1 2024/25

28/07/2024 Argaam Exclusive

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Etihad Atheeb Telecommunication Co. (GO) posted a net profit of SAR 46.7 million in the first quarter ended June 30, 2024, compared with SAR 52.6 million in the year-earlier period.

Current Quarter Comparison (M)

Compared With The

Item	Q1 2023	Q1 2024	Change‬
Revenues	206.33	310.19	50.3 %
Gross Income	70.66	88.00	24.5 %
Operating Income	35.79	51.58	44.1 %
Net Income	52.60	46.73	(11.2 %)
Average Shares	29.62	34.00	14.8 %
EPS (Riyals)	1.78	1.37	(22.6 %)

Item	Q4 2023	Q1 2024	Change‬
Revenues	306.46	310.19	1.2 %
Gross Income	73.77	88.00	19.3 %
Operating Income	13.61	51.58	279.0 %
Net Income	18.13	46.73	157.7 %
Average Shares	34.00	34.00	-
EPS (Riyals)	0.53	1.37	157.7 %

The telco recorded non-recurring financing income of SAR 21.7 million during the same quarter of the previous year due to GO's settlement with the Communications, Space & Technology Commission (CST).

The company posted a rise in the cost of services, as well as general and administrative expenses. This is in addition to the allowance for impairment in trade receivables, Zakat and income tax expenses, an increase in revenues, and lower selling and marketing expenses.

However, operating income increased by 44% compared with a year earlier.

On a sequential basis, the first-quarter net earnings soared 157.7% from SAR 18.13 million in Q4 2023/24.

Shareholders’ equity, with no minority interest, reached SAR 605.6 million as of June 30, 2024, compared to SAR 168.7 million in the same period last year.

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Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2015	83.33	34.4 %	9.71	57.7 %	(72.05)	(3.0 %)
Q2 2015	76.05	48.5 %	9.17	116.4 %	(71.51)	8.8 %
Q3 2015	86.75	43.4 %	4.49	(48.9 %)	(74.99)	6.5 %
Q4 2015	96.90	32.0 %	8.81	(12.1 %)	(70.92)	(10.8 %)
2015	343.03	38.8 %	31.38	4.7 %	(289.47)	1.1 %
Q1 2016	89.99	8.0 %	8.84	(8.9 %)	(62.19)	13.7 %
Q2 2016	86.30	13.5 %	12.19	32.9 %	(59.51)	16.8 %
Q3 2016	116.36	34.1 %	27.85	519.8 %	(53.20)	29.1 %
Q4 2016	129.10	33.2 %	29.74	237.7 %	(47.83)	32.6 %
2016	421.75	22.9 %	78.62	150.6 %	(222.73)	23.1 %
Q1 2017	136.03	51.2 %	25.08	183.5 %	(51.26)	17.6 %
Q2 2017	126.45	46.5 %	22.71	86.3 %	(41.44)	30.4 %
Q3 2017	110.79	(4.8 %)	17.08	(38.7 %)	(43.32)	18.6 %
Q4 2017	106.56	(17.5 %)	26.07	(12.3 %)	(62.20)	(30.0 %)
2017	479.82	13.8 %	90.94	15.7 %	(198.20)	11.0 %
Q1 2018	104.67	(23.1 %)	32.43	29.3 %	(32.91)	35.8 %
Q2 2018	108.81	(14.0 %)	30.68	35.1 %	(25.02)	39.6 %
Q3 2018	103.92	(6.2 %)	40.24	135.6 %	(12.38)	71.4 %
Q4 2018	103.70	(2.7 %)	32.04	22.9 %	(5.07)	91.8 %
2018	421.09	(12.2 %)	135.39	48.9 %	(75.38)	62.0 %
Q1 2019	97.10	(7.2 %)	39.68	22.3 %	(25.95)	21.2 %
Q2 2019	86.84	(20.2 %)	42.23	37.6 %	(18.60)	25.6 %
Q3 2019	77.28	(25.6 %)	50.91	26.5 %	(4.84)	60.9 %
Q4 2019	78.39	(24.4 %)	54.81	71.1 %	(4.46)	12.0 %
2019	339.60	(19.4 %)	187.62	38.6 %	(53.85)	28.6 %
Q1 2020	73.03	(24.8 %)	39.87	0.5 %	(8.67)	66.6 %
Q2 2020	67.77	(22.0 %)	40.54	(4.0 %)	(8.87)	52.3 %
Q3 2020	67.18	(13.1 %)	38.73	(23.9 %)	(3.99)	17.7 %
Q4 2020	74.12	(5.4 %)	21.88	(60.1 %)	(19.83)	(344.5 %)
2020	282.10	(16.9 %)	141.03	(24.8 %)	(41.35)	23.2 %
Q1 2021	74.97	2.7 %	20.19	(49.4 %)	(7.59)	12.4 %
Q2 2021	80.85	19.3 %	14.17	(65.1 %)	(26.83)	(202.4 %)
Q3 2021	102.51	52.6 %	25.91	(33.1 %)	(6.73)	(68.7 %)
Q4 2021	120.23	62.2 %	31.57	44.3 %	(3.70)	81.3 %
2021	378.55	34.2 %	91.84	(34.9 %)	(44.85)	(8.5 %)
Q1 2022	140.48	87.4 %	37.54	85.9 %	1.76	123.1 %
Q2 2022	148.02	83.1 %	43.12	204.4 %	7.22	126.9 %
Q3 2022	164.02	60.0 %	45.75	76.5 %	10.48	255.8 %
Q4 2022	177.82	47.9 %	56.28	78.3 %	23.97	747.7 %
2022	630.34	66.5 %	182.69	98.9 %	43.43	196.8 %
Q1 2023	206.33	46.9 %	70.66	88.2 %	35.79	1935.7 %
Q2 2023	237.89	60.7 %	77.50	79.7 %	52.77	631.0 %
Q3 2023	265.44	61.8 %	83.54	82.6 %	47.16	350.1 %
Q4 2023	306.46	72.3 %	73.77	31.1 %	13.61	(43.2 %)
2023	1,016.12	61.2 %	305.47	67.2 %	144.87	233.6 %
Q1 2024	310.19	50.3 %	88.00	24.5 %	51.58	44.1 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2014	247.10	5.4 %	29.96	(7.6 %)	(292.56)	(8.7 %)
2015	343.03	38.8 %	31.38	4.7 %	(289.47)	1.1 %
2016	421.75	22.9 %	78.62	150.6 %	(222.73)	23.1 %
2017	479.82	13.8 %	90.94	15.7 %	(198.20)	11.0 %
2018	421.09	(12.2 %)	135.39	48.9 %	(75.38)	62.0 %
2019	339.60	(19.4 %)	187.62	38.6 %	(53.85)	28.6 %
2020	282.10	(16.9 %)	141.03	(24.8 %)	(41.35)	23.2 %
2021	378.55	34.2 %	91.84	(34.9 %)	(44.85)	(8.5 %)
2022	630.34	66.5 %	182.69	98.9 %	43.43	196.8 %
2023	1,016.12	61.2 %	305.47	67.2 %	144.87	233.6 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2015	(40.16)	(166.4 %)	(1.36)	33.12	(73.28)	(2.47)
Q2 2015	3.57	110.1 %	0.12	76.25	(72.68)	(2.45)
Q3 2015	(48.87)	(2.5 %)	(1.65)	27.25	(76.12)	(2.57)
Q4 2015	(62.64)	(85.7 %)	(2.11)	9.25	(71.89)	(2.43)
2015	(148.10)	(163.3 %)	(5.00)	145.92	(294.01)	(9.93)
Q1 2016	(58.11)	(44.7 %)	(1.96)	7.17	(65.27)	(2.20)
Q2 2016	15.36	329.8 %	0.52	77.77	(62.42)	(2.11)
Q3 2016	(55.99)	(14.6 %)	(1.89)	2.00	(57.99)	(1.96)
Q4 2016	(26.53)	57.6 %	(0.90)	24.00	(50.53)	(1.71)
2016	(125.27)	15.4 %	(4.23)	110.94	(236.21)	(7.97)
Q1 2017	55.42	195.4 %	1.87	97.92	(42.50)	(1.43)
Q2 2017	(29.81)	(294.1 %)	(1.01)	-	(29.81)	(1.01)
Q3 2017	(32.90)	41.2 %	(1.11)	-	(32.90)	(1.11)
Q4 2017	(32.97)	(24.3 %)	(1.11)	-	(32.97)	(1.11)
2017	(40.26)	67.9 %	(1.36)	97.92	(138.18)	(4.66)
Q1 2018	(21.87)	(139.5 %)	(0.74)	-	(21.87)	(0.74)
Q2 2018	(13.67)	54.2 %	(0.46)	-	(13.67)	(0.46)
Q3 2018	(12.71)	61.4 %	(0.43)	-	(12.71)	(0.43)
Q4 2018	(5.05)	84.7 %	(0.17)	-	(5.05)	(0.17)
2018	(53.29)	(32.4 %)	(1.80)	-	(53.29)	(1.80)
Q1 2019	(31.86)	(45.7 %)	(1.08)	-	(31.86)	(1.08)
Q2 2019	(20.83)	(52.4 %)	(0.70)	-	(20.83)	(0.70)
Q3 2019	(9.80)	22.9 %	(0.33)	-	(9.80)	(0.33)
Q4 2019	(9.12)	(80.7 %)	(0.31)	-	(9.12)	(0.31)
2019	(71.61)	(34.4 %)	(2.42)	-	(71.61)	(2.42)
Q1 2020	(12.27)	61.5 %	(0.41)	-	(12.27)	(0.41)
Q2 2020	(12.03)	42.2 %	(0.41)	-	(12.03)	(0.41)
Q3 2020	126.85	1394.2 %	4.28	136.99	(10.15)	(0.34)
Q4 2020	(140.81)	(1,444.1 %)	(4.75)	(93.37)	(47.44)	(1.60)
2020	(38.26)	46.6 %	(1.29)	43.62	(81.88)	(2.76)
Q1 2021	(12.11)	1.2 %	(0.41)	-	(12.11)	(0.41)
Q2 2021	(9.67)	19.6 %	(0.33)	-	(9.67)	(0.33)
Q3 2021	(7.37)	(105.8 %)	(0.25)	-	(7.37)	(0.25)
Q4 2021	(8.24)	94.1 %	(0.28)	-	(8.24)	(0.28)
2021	(37.40)	2.2 %	(1.26)	-	(37.40)	(1.26)
Q1 2022	(1.67)	86.2 %	(0.06)	-	(1.67)	(0.06)
Q2 2022	6.63	168.6 %	0.22	-	6.63	0.22
Q3 2022	8.00	208.5 %	0.27	-	8.00	0.27
Q4 2022	29.51	458.1 %	1.00	-	29.51	1.00
2022	42.47	213.6 %	1.43	-	42.47	1.43
Q1 2023	52.60	3253.7 %	1.78	21.71	30.90	1.04
Q2 2023	47.89	622.0 %	1.62	-	47.89	1.62
Q3 2023	76.05	851.2 %	2.57	34.00	42.05	1.42
Q4 2023	18.13	(38.5 %)	0.53	-	18.13	0.53
2023	194.68	358.4 %	5.73	55.71	138.97	4.09
Q1 2024	46.73	(11.2 %)	1.37	1.43	45.30	1.33

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2014	(56.24)	77.4 %	(1.90)	240.94	(297.19)	(10.03)
2015	(148.10)	(163.3 %)	(5.00)	145.92	(294.01)	(9.93)
2016	(125.27)	15.4 %	(4.23)	110.94	(236.21)	(7.97)
2017	(40.26)	67.9 %	(1.36)	97.92	(138.18)	(4.66)
2018	(53.29)	(32.4 %)	(1.80)	-	(53.29)	(1.80)
2019	(71.61)	(34.4 %)	(2.42)	-	(71.61)	(2.42)
2020	(38.26)	46.6 %	(1.29)	43.62	(81.88)	(2.76)
2021	(37.40)	2.2 %	(1.26)	-	(37.40)	(1.26)
2022	42.47	213.6 %	1.43	-	42.47	1.43
2023	194.68	358.4 %	5.73	55.71	138.97	4.09

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	12.20 %	(37.20 %)	(111.94 %)
Q2 2015	12.85 %	(33.11 %)	(104.27 %)
Q3 2015	10.45 %	(29.51 %)	(94.74 %)
Q4 2015	9.38 %	(29.50 %)	(85.70 %)
2015	9.15 %	(29.50 %)	(85.71 %)
Q1 2016	8.96 %	(28.58 %)	(81.77 %)
Q2 2016	9.54 %	(26.71 %)	(76.60 %)
Q3 2016	14.81 %	(21.09 %)	(66.12 %)
Q4 2016	18.64 %	(19.19 %)	(56.01 %)
2016	18.64 %	(19.19 %)	(56.01 %)
Q1 2017	20.28 %	(17.87 %)	(45.63 %)
Q2 2017	20.75 %	(16.14 %)	(35.60 %)
Q3 2017	18.83 %	(17.80 %)	(31.00 %)
Q4 2017	18.95 %	(22.34 %)	(28.80 %)
2017	18.95 %	(22.34 %)	(28.80 %)
Q1 2018	21.92 %	(21.11 %)	(26.21 %)
Q2 2018	24.66 %	(19.04 %)	(23.54 %)
Q3 2018	30.53 %	(12.81 %)	(19.16 %)
Q4 2018	32.15 %	(3.28 %)	(12.66 %)
2018	32.15 %	(3.28 %)	(12.66 %)
Q1 2019	34.49 %	1.25 %	(15.30 %)
Q2 2019	39.38 %	6.04 %	(17.99 %)
Q3 2019	45.17 %	11.87 %	(18.51 %)
Q4 2019	55.25 %	20.23 %	(21.09 %)
2019	55.25 %	20.23 %	(21.09 %)
Q1 2020	59.52 %	25.59 %	(16.48 %)
Q2 2020	62.78 %	28.79 %	(14.58 %)
Q3 2020	60.74 %	28.69 %	(15.21 %)
Q4 2020	49.99 %	20.67 %	(29.03 %)
2020	49.99 %	20.67 %	(29.03 %)
Q1 2021	42.72 %	18.51 %	(28.77 %)
Q2 2021	31.96 %	9.35 %	(26.71 %)
Q3 2021	24.71 %	4.99 %	(23.04 %)
Q4 2021	24.26 %	5.85 %	(9.88 %)
2021	24.26 %	5.85 %	(9.88 %)
Q1 2022	24.59 %	6.23 %	(6.07 %)
Q2 2022	27.02 %	11.34 %	(2.08 %)
Q3 2022	27.58 %	12.82 %	0.82 %
Q4 2022	28.98 %	16.55 %	6.74 %
2022	28.98 %	16.55 %	6.74 %
Q1 2023	31.00 %	19.92 %	10.78 %
Q2 2023	31.83 %	23.43 %	14.79 %
Q3 2023	32.45 %	24.81 %	16.94 %
Q4 2023	30.06 %	20.78 %	13.68 %
2023	30.06 %	20.34 %	13.68 %
Q1 2024	28.82 %	20.18 %	13.69 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2014	12.12 %	(38.11 %)	(120.27 %)
2015	9.15 %	(29.50 %)	(85.71 %)
2016	18.64 %	(19.19 %)	(56.01 %)
2017	18.95 %	(22.34 %)	(28.80 %)
2018	32.15 %	(3.28 %)	(12.66 %)
2019	55.25 %	20.23 %	(21.09 %)
2020	49.99 %	20.67 %	(29.03 %)
2021	24.26 %	5.85 %	(9.88 %)
2022	28.98 %	16.55 %	6.74 %
2023	30.06 %	20.34 %	13.68 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	11.66 %	(30.15 %)	(87.95 %)
Q2 2015	12.06 %	(32.04 %)	(95.56 %)
Q3 2015	5.18 %	(32.27 %)	(87.74 %)
Q4 2015	9.09 %	(24.46 %)	(74.19 %)
Q1 2016	9.83 %	(26.54 %)	(72.53 %)
Q2 2016	14.12 %	(23.81 %)	(72.32 %)
Q3 2016	23.94 %	(12.06 %)	(49.84 %)
Q4 2016	23.03 %	(17.40 %)	(39.14 %)
Q1 2017	18.44 %	(19.52 %)	(31.24 %)
Q2 2017	17.96 %	(14.98 %)	(23.58 %)
Q3 2017	15.41 %	(19.38 %)	(29.70 %)
Q4 2017	24.47 %	(37.77 %)	(30.94 %)
Q1 2018	30.99 %	(13.41 %)	(20.90 %)
Q2 2018	28.19 %	(5.76 %)	(12.56 %)
Q3 2018	38.72 %	6.03 %	(12.23 %)
Q4 2018	30.89 %	0.22 %	(4.87 %)
Q1 2019	40.86 %	5.10 %	(32.81 %)
Q2 2019	48.63 %	14.08 %	(23.98 %)
Q3 2019	65.87 %	33.55 %	(12.68 %)
Q4 2019	69.92 %	32.64 %	(11.63 %)
Q1 2020	54.60 %	23.29 %	(16.80 %)
Q2 2020	59.83 %	24.85 %	(17.75 %)
Q3 2020	57.65 %	33.82 %	(15.10 %)
Q4 2020	29.52 %	2.36 %	(64.00 %)
Q1 2021	26.93 %	15.03 %	(16.16 %)
Q2 2021	17.52 %	(9.83 %)	(11.97 %)
Q3 2021	25.28 %	11.23 %	(7.19 %)
Q4 2021	26.26 %	6.09 %	(6.85 %)
Q1 2022	26.72 %	11.96 %	(1.19 %)
Q2 2022	29.13 %	15.09 %	4.48 %
Q3 2022	27.89 %	16.43 %	4.87 %
Q4 2022	31.65 %	21.51 %	16.59 %
Q1 2023	34.25 %	24.78 %	14.97 %
Q2 2023	32.58 %	28.53 %	20.13 %
Q3 2023	31.47 %	23.71 %	15.84 %
Q4 2023	24.07 %	9.53 %	5.92 %
Q1 2024	28.37 %	21.26 %	14.60 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2015	29.62	(5.29)	(10.14)	19.91
Q2 2015	29.62	(3.98)	(10.32)	20.01
Q3 2015	29.62	(4.02)	(10.22)	18.35
Q4 2015	29.62	(5.00)	(9.92)	16.19
Q1 2016	29.62	(5.61)	(9.65)	13.09
Q2 2016	29.62	(5.21)	(9.31)	13.61
Q3 2016	29.62	(5.45)	(8.69)	11.72
Q4 2016	29.62	(4.23)	(7.97)	10.82
Q1 2017	29.62	(0.40)	(7.20)	12.69
Q2 2017	29.62	(1.92)	(6.10)	11.69
Q3 2017	29.62	(1.14)	(5.26)	10.58
Q4 2017	29.62	(1.36)	(4.66)	9.59
Q1 2018	29.62	(3.97)	(3.97)	8.53
Q2 2018	29.62	(3.42)	(3.42)	8.07
Q3 2018	29.62	(2.74)	(2.74)	7.64
Q4 2018	29.62	(1.80)	(1.80)	7.50
Q1 2019	29.62	(2.14)	(2.14)	6.43
Q2 2019	29.62	(2.38)	(2.38)	5.72
Q3 2019	29.62	(2.28)	(2.28)	5.39
Q4 2019	29.62	(2.42)	(2.42)	5.09
Q1 2020	29.62	(1.76)	(1.76)	4.67
Q2 2020	29.62	(1.46)	(1.46)	4.27
Q3 2020	29.62	3.15	(1.47)	8.55
Q4 2020	29.62	(1.29)	(2.76)	3.77
Q1 2021	29.62	(1.29)	(2.76)	3.36
Q2 2021	29.62	(1.21)	(2.68)	3.04
Q3 2021	29.62	(5.74)	(2.59)	2.79
Q4 2021	29.62	(1.26)	(1.26)	2.50
Q1 2022	29.62	(0.91)	(0.91)	2.44
Q2 2022	29.62	(0.36)	(0.36)	2.67
Q3 2022	29.62	0.16	0.16	2.94
Q4 2022	29.62	1.43	1.43	3.92
Q1 2023	29.62	3.27	2.53	5.69
Q2 2023	29.62	4.66	3.93	7.31
Q3 2023	29.62	6.96	5.08	9.88
Q4 2023	34.00	5.73	4.09	16.44
Q1 2024	34.00	5.55	4.51	17.81

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2014	29.62	(1.90)	(10.03)	21.27
2015	29.62	(5.00)	(9.93)	16.19
2016	29.62	(4.23)	(7.97)	10.82
2017	29.62	(1.36)	(4.66)	9.59
2018	29.62	(1.80)	(1.80)	7.50
2019	29.62	(2.42)	(2.42)	5.09
2020	29.62	(1.29)	(2.76)	3.77
2021	29.62	(1.26)	(1.26)	2.50
2022	29.62	1.43	1.43	3.92
2023	34.00	5.73	4.09	16.44

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2015	NEG	NEG	1.96
Q2 2015	NEG	NEG	2.00
Q3 2015	NEG	NEG	1.74
Q4 2015	NEG	NEG	2.05
Q1 2016	NEG	NEG	1.86
Q2 2016	NEG	NEG	1.75
Q3 2016	NEG	NEG	1.48
Q4 2016	NEG	NEG	1.66
Q1 2017	NEG	NEG	1.93
Q2 2017	NEG	NEG	1.75
Q3 2017	NEG	NEG	1.83
Q4 2017	NEG	NEG	1.86
Q1 2018	NEG	NEG	1.31
Q2 2018	NEG	NEG	1.21
Q3 2018	NEG	NEG	1.28
Q4 2018	NEG	NEG	1.30
Q1 2019	NEG	NEG	1.52
Q2 2019	NEG	NEG	1.71
Q3 2019	NEG	NEG	1.81
Q4 2019	NEG	NEG	1.92
Q1 2020	NEG	NEG	2.09
Q2 2020	NEG	NEG	2.29
Q3 2020	3.10	NEG	1.14
Q4 2020	NEG	NEG	2.59
Q1 2021	NEG	NEG	10.24
Q2 2021	NEG	NEG	10.73
Q3 2021	NEG	NEG	10.25
Q4 2021	NEG	NEG	10.41
Q1 2022	NEG	NEG	8.04
Q2 2022	NEG	NEG	5.44
Q3 2022	85.28	85.28	4.63
Q4 2022	11.41	11.41	4.18
Q1 2023	6.27	8.09	3.60
Q2 2023	5.81	6.90	3.70
Q3 2023	6.41	8.79	4.52
Q4 2023	8.99	12.60	3.13
Q1 2024	16.87	20.77	5.26

Period	P/E	Adjusted P/E	Price/book
2014	NEG	NEG	1.93
2015	NEG	NEG	2.05
2016	NEG	NEG	1.66
2017	NEG	NEG	1.86
2018	NEG	NEG	1.30
2019	NEG	NEG	1.92
2020	NEG	NEG	2.59
2021	NEG	NEG	10.41
2022	11.41	11.41	4.18
2023	8.99	12.60	3.13

Business Segments (Million)

Compared With The

Period	Data sector	Voice services	Un-allocated service
Q1 2015	36.92	46.41	-
Q2 2015	35.85	40.21	-
Q3 2015	39.98	46.77	-
Q4 2015	43.21	53.69	-
Q1 2016	48.58	41.41	-
Q2 2016	52.30	34.00	-
Q3 2016	73.28	43.08	-
Q4 2016	89.70	39.40	-
Q1 2017	90.22	45.80	-
Q2 2017	83.70	42.76	-
Q3 2017	81.62	29.17	-
Q4 2017	83.18	23.38	-
Q1 2018	85.02	19.64	-
Q2 2018	88.39	20.42	-
Q3 2018	84.41	19.50	-
Q4 2018	84.24	19.46	-
Q1 2019	91.28	5.81	-
Q2 2019	81.64	5.20	-
Q3 2019	72.66	4.63	-
Q4 2019	57.61	20.77	-
Q1 2020	53.68	19.35	-
Q2 2020	65.88	1.88	-
Q3 2020	59.12	8.06	-
Q4 2020	70.50	3.62	-
Q1 2021	66.19	8.78	-
Q2 2021	69.02	11.83	-
Q3 2021	77.22	25.29	-
Q4 2021	88.03	32.20	-
Q1 2022	105.08	35.40	-
Q2 2022	112.39	35.63	-
Q3 2022	130.91	33.11	-
Q4 2022	105.53	40.44	31.85
Q1 2023	149.97	56.37	-
Q2 2023	145.38	92.51	-
Q3 2023	209.62	55.81	-
Q4 2023	222.29	84.16	-
Q1 2024	155.83	154.35	-

Period	Data sector	Voice services	Un-allocated service
2014	145.66	101.44	-
2015	156.30	186.74	-
2016	263.86	157.89	-
2017	338.72	141.11	-
2018	342.06	79.03	-
2019	303.19	36.41	-
2020	249.18	32.92	-
2021	300.46	78.10	-
2022	453.92	144.58	31.85
2023	754.60	261.51	-

Analysts Estimates (Million)

Item	Q1 2024 (e)	Q1 2024 (a)	Change‬
Average	58.00	46.73	(19.4 %)

Estimates vs Actual (Million)

Item	Q1 2024 (e)	Q1 2024 (a)	Change
YAQEEN	58.00	46.73	(19.4) %

Financial Ratios

	Current
Market Cap (M Riyal)	3,861.26
Enterprise Value (EV) (M)	3,395.97
Shares Outstanding ((M))	33.99
EPS ( Riyal) (TTM)	5.87
Book Value (BV) ( Riyal)	19.24
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	23.53
P/E (TTM)	19.35
Price/book	5.90
Return on Average Assets (%) (TTM)	16.6
Return on Average Equity (%) (TTM)	45.8

Etihad Atheeb Telecommunication Co. (ATHEEB TELECOM)

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Profitability

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GO logs SAR 46.7M profit in Q1 2024/25

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Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q1 2024

Revenue by Business Segment (Latest) 2024 Q1

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Etihad Atheeb Telecommunication Co. (ATHEEB TELECOM)

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Business Segments (Million)