Zain Group reports exceptional Performance for H1 2025: Net Profit soars 49% YoY to reach KD 121m(USD 395m); Revenue grows 14% YoY to reach KD 1.1bn (USD 3.5bn)
Group Key Performance Indicators (KD and USD) for the first six months (H1) of 2025
Zain Group H1 2025 revenue soared 14% YoY to reach KD 1.1billion (USD 3.5 billion). EBITDA grew10% YoY to reach KD 356 million (USD 1.2 billion), reflecting an EBITDA margin of 33%. Net income for the first six months soared49% YoY, reaching KD 121 million (USD 395 million).Net income for H1 2025 includes one-time gain of KD 15 million (USD 50 million) on settlement of legal disputeinvolving INWI, of which Zain Group is a 15.5% shareholder (via Zain Al Ajial).H1 2025 Earnings per share stood at 28fils (USD 0.09).
Zain GroupQ2 2025 revenue grew 13% to reach KD 541million (USD 1.8 billion) compared to Q2 2024. EBITDA reachedKD 186million(USD 606million), reflecting a healthy EBITDA margin of 34%. Net income soared 40% to reach KD 73 million (USD 237 million), reflectingearnings per share of 17fils (USD 0.05).
Key Operational Highlights for H1 2025
1. The Board declaresinterim dividend of 10 fils per share for the 5thconsecutive year, that will be payable to entitled shareholders on 3September2025.
2. Customer base increased 7% driven by network restoration in Sudan and site expansion in Iraq
3. Data revenue grew 8% YoY to reach USD 1.3billion, representing 37% of total Group revenue
4. Overthe six months, Zain Group invested USD 397million in CAPEX (11% of revenue)
5. Operations in Kuwait, KSA, Bahrain and Jordan witness impressive growth in 5G revenues
6. Zain Kuwait and KSA launch 5G Advanced services enhancing digital innovation in these markets
7. Impressive net profit growth in Sudan (+101%), KSA (+28%) and Iraq (+23%) for H1 2025
8. Fintech revenue witnessedrobust growth of28% YoY, while transaction volume soared 46% YoY
9. Groupwide enterprise revenue witnessed 11% growth YoY, as ZainTECH and B2B teams win key business and government accounts, ZainTECH revenue soared 94% YoY
10. Groupwide digital services witness revenue growth of 7% driven by increase in Sudan and Kuwait
11. Zain Omantel International (ZOI) records exceptional revenue growth of 324%YoY; receivesmultiple industry awards for its innovative subsea and terrestrial networks
12. Zain launches 'Bede' Fintech Platform in Sudan offering money transfers, airtime top-ups, bill payments, merchant purchases, cash deposits and withdrawals
13. Launch of 'WE ABLE 2030' Vision aiming to safeguard people with disabilities in the 'AI' era
14. Zain Inclusion, Diversity & Equity University(IDEU) program winsprestigious EFMD Excellence Award
15. Publishedthe 14thannual Sustainability Report, titled 'The New Paradigm Shift'
Commenting on Q2 and H1 2025 results, Chairman of Zain Group, Mr. Osamah Al Furaih said, 'The Group's strong performance underscores the productivealliance between the Board and executive management teams of all our entities in delivering our '4WARD—Progress with Purpose' strategy. Our focus on acceleration, collaboration, and digital innovation, alongside our ESG commitments, is having comprehensive impact on sustainable value creation for all stakeholders. Moreover, constructive relationships with regulators and key stakeholders arealso driving meaningful connectivity across all customer segments.'
'Following this H1 2025 performance and solid financial position, the Board is pleased to declare a fifth consecutive interim dividend of 10fils per share, in line with our minimum annual dividend policy of 35fils.'
Mr. Bader Al-Kharafi, Zain Vice-Chairman and Group CEO commented, 'Our outstanding operational and financial performance over the past six months is the result of carefully executed strategic investments in network expansion and AI technologies, combined with disciplined cost optimization and focused monetization of our enterprise, fintech, and digital service portfolios. We are committed to sustaining this positive momentum and elevating Zain to even greater heights.'
'Despite fierce competition in our home market of Kuwait—which still delivered solid results—our core operations across all major markets made notable strides. Sudan, Saudi Arabia, and Iraq, in particular, recordedexceptionaldouble-digit net income growth. Furthermore, our ICT enterprise arm, ZainTECH, and our global wholesale carrier, Zain Omantel International (ZOI), performed exceptionally well, as did our fintech and digital service portfolios across multiple markets.'
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