Etihad Etisalat Company Income Statement

Financials in millions SAR. Fiscal year is January - December.

Millions SAR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	19,642	18,206	16,763	15,717	14,834
Revenue Growth (YoY)	7.88%	8.61%	6.65%	5.96%	5.61%
Cost of Revenue	8,900	8,312	7,509	6,336	6,163
Gross Profit	10,742	9,894	9,253	9,381	8,672
Selling, General & Admin	3,106	2,553	2,443	3,091	2,948
Operating Expenses	6,894	6,364	6,276	7,053	7,018
Operating Income	3,847	3,530	2,977	2,328	1,654
Interest Expense	-557.66	-596.52	-664.25	-582.86	-483.58
Interest & Investment Income	202.61	174.74	158.17	45.99	5.2
Earnings From Equity Investments	117.95	43.79	30.05	28.23	-18.85
Other Non Operating Income (Expenses)	-52.7	45.96	-43.23	-23.01	-5.85
EBT Excluding Unusual Items	3,557	3,198	2,458	1,796	1,151
Gain (Loss) on Sale of Assets	-0.83	-5.34	-8.83	-17.6	-
Pretax Income	3,556	3,193	2,449	1,779	1,151
Income Tax Expense	89.97	86.21	217.19	121.83	79.38
Net Income	3,466	3,107	2,232	1,657	1,072
Net Income to Common	3,466	3,107	2,232	1,657	1,072
Net Income Growth	11.57%	39.20%	34.71%	54.63%	36.81%
Shares Outstanding (Basic)	769	770	770	770	770
Shares Outstanding (Diluted)	770	770	770	770	770
EPS (Basic)	4.51	4.03	2.90	2.15	1.39
EPS (Diluted)	4.50	4.03	2.90	2.15	1.39
EPS Growth	11.66%	39.03%	34.71%	54.63%	36.81%
Free Cash Flow	3,649	3,749	3,842	3,354	2,597
Free Cash Flow Per Share	4.74	4.87	4.99	4.36	3.37
Dividend Per Share	-	2.200	1.450	1.150	0.850
Dividend Growth	-	51.72%	26.09%	35.29%	70.00%
Gross Margin	54.69%	54.34%	55.20%	59.69%	58.46%
Operating Margin	19.59%	19.39%	17.76%	14.81%	11.15%
Profit Margin	17.65%	17.07%	13.31%	10.54%	7.22%
Free Cash Flow Margin	18.58%	20.59%	22.92%	21.34%	17.51%
EBITDA	6,983	6,582	6,030	5,578	5,581
EBITDA Margin	35.55%	36.15%	35.97%	35.49%	37.62%
D&A For EBITDA	3,136	3,052	3,052	3,250	3,927
EBIT	3,847	3,530	2,977	2,328	1,654
EBIT Margin	19.59%	19.39%	17.76%	14.81%	11.15%
Effective Tax Rate	2.53%	2.70%	8.87%	6.85%	6.90%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.