Zain Group posted strong financial growth in H1 2025, with revenue rising 14 percent year-over-year to KD 1.1 billion (USD 3.5 billion).
EBITDA of Zain Group increased 10 percent to KD 356 million (USD 1.2 billion), maintaining a healthy margin of 33 percent. Net income surged 49 percent to KD 121 million (USD 395 million), supported by a one-time gain of KD 15 million (USD 50 million) from the settlement of a legal dispute involving INWI, in which Zain Group holds a 15.5 percent stake via Zain Al Ajial.
Zain Group’s Q2-2025 revenue grew 13 percent to reach KD 541 million (USD 1.8 billion) compared to Q2 2024. EBITDA reached KD 186 million (USD 606 million), reflecting an EBITDA margin of 34 percent. Net income soared 40 percent to reach KD 73 million (USD 237 million).
Zain Vice-Chairman and Group CEO Bader Al-Kharafi attributed the company’s strong H1 2025 performance to strategic investments in network expansion and AI, disciplined cost control, and growth in enterprise, fintech, and digital services.
Bader Al-Kharafi highlighted solid results in Kuwait despite intense competition and exceptional double-digit net income growth in Sudan, Saudi Arabia, and Iraq. Bader Al-Kharafi noted strong contributions from ZainTECH, Zain Omantel International, and digital service portfolios across multiple markets.
Zain Group delivered solid country-level performances in H1 2025, with notable gains across all key markets.
In Kuwait, the flagship operation maintained market leadership with 2.6 million customers, posting Q2 revenue of KD 94 million (USD 306 million) and EBITDA of KD 34 million (USD 111 million) at a 36 percent margin. Net income reached KD 23 million (USD 74 million) for Q2 and KD 41 million (USD 132 million) for H1, with data revenue up 2 percent to represent 36 percent of total revenue, supported by the country’s largest 5G customer base and revenue share.
In Saudi Arabia, revenue rose 4 percent to USD 708 million in Q2, while EBITDA grew 9 percent to USD 227 million, delivering a 32 percent margin. Net income climbed 21 percent to USD 34 million for Q2 and 28 percent to USD 59 million for H1. Data revenue increased 4 percent to represent 40 percent of total revenue, with strong contributions from enterprise services, the ‘Yaqoot’ digital brand, and fintech arm ‘Tamam’.
Iraq saw revenue jump 19 percent in Q2 to USD 313 million, with EBITDA at USD 116 million (37 percent margin) and net profit up 3 percent to USD 40 million. H1 net income rose 23 percent to USD 66 million, driven by network expansion, commercial focus, and a 10 percent increase in the customer base to 20.9 million.
In Sudan, recovery efforts and infrastructure restoration led to an 87 percent Q2 revenue surge to USD 133 million, EBITDA growth of 114 percent to USD 74 million (56 percent margin), and a 76 percent net income increase to USD 59 million. H1 net income soared 101 percent to USD 112 million, with data revenue up 89 percent to represent 30 percent of total revenue. The customer base grew 17 percent to 11.8 million.
In Jordan, revenue grew 8 percent to USD 148 million in Q2, with EBITDA up 3 percent to USD 58 million (39 percent margin) and net income rising 19 percent to USD 21 million. H1 net income increased 14 percent to USD 39 million, while data revenue expanded 12 percent to represent 54 percent of total revenue. Customer numbers rose 5 percent to 4.2 million.
In Bahrain, revenue grew 7 percent to USD 54 million in Q2, with EBITDA steady at USD 15 million (28 percent margin) and net income up 1 percent to USD 3.6 million. H1 net income rose 5 percent to USD 6.7 million, with data revenue up 5 percent to represent 45 percent of total revenue.
TelecomLead.com News Desk
