Zain’s net profits jump by 31% and records profits worth $581 million for the past 9 months.

Zain Group (listed on the Kuwait Stock Exchange under the symbol: ZAIN) recorded an exceptional performance for the nine-month period of the current fiscal year 2025, as net profits jumped by 31% to reach 178 million dinars ($581 million), compared to the same period in 2024, with earnings per share amounting to 41 fils.

Zain, the leading company in technological innovations in the Middle East and African markets, announced that its financial results exceeded estimates for this period, as combined revenues for the nine-month period grew by 15% to reach 1.7 billion dinars ($5.4 billion), compared to the same period in 2024.

The group revealed that its earnings before interest, taxes and depreciation (EBITDA) recorded an increase of 9%, reaching 552 million dinars ($1.8 billion), and the EBITDA margin reached 33%.

The group attributed these exceptional results – which pushed revenues and net profits for this period to the highest levels in the last 16 years – to the growth of the customer base by 9% (51.3 million customers), the restoration of the network in Sudan, the expansion of the Zain Iraq network, the expansion of the deployment of fifth generation services in Kuwait, Saudi Arabia and Jordan, and the high pace of growth in data revenues, which jumped by 11% (reaching $2 billion – representing 37% of combined revenues).

The group indicated that these record results were also driven mainly by new growth engines, as the companies ZOI, ZainTECH, and financial technology services (Fintech) recorded exceptional performance for this period, as the revenues of these sectors together amounted to $562 million, achieving a strong annual growth of 98%, thus constituting 10% of the total combined revenues.

Zain explained that these companies, which are active in promising growth areas in the Middle East markets, have become an essential pillar in performing operations and expanding the revenue base, as they are currently leading operational transformation plans and directing investments in digital transformation projects, cloud services, cybersecurity, managed services, and financial technology services.

It is worth noting that Zain Group achieved strong growth rates in financial indicators for the third quarter, as quarterly revenues rose by 16% to reach 582 million dinars ($1.9 billion), and earnings before interest, taxes and depreciation for the quarter grew by 9% to reach about 196 million dinars ($641 million), recording an EBITDA margin of 34%, and quarterly net profits increased by 5% to reach about 57 million dinars. “$187 million”, with earnings per share equivalent to 13 fils ($0.04).

The group stated that, as part of its commitment to the highest standards of transparency and financial compliance, the Board of Directors continues to review global accounting regulatory frameworks, to consider the possibility of implementing the International Accounting Standard IAS 29 before the end of this year.

She indicated that preliminary evidence indicates that the impact of applying this standard will not have a material impact on the total shareholders’ equity, and that it will have a positive impact on the financial results for the current year, and this will be verified after completing the necessary requirements and applying the accounting standard, while maintaining the option of presenting the issue of applying the standard to the General Assembly to decide on it.

The group reported that in light of the exceptional performance of the group’s operations for the nine-month period, during which it achieved earnings per share amounting to 41 fils, the Board of Directors approved the distribution of interim cash dividends “for the second time” at a value of 25 fils per share for the profits achieved in the period ending on September 30, 2025, “paid on November 19 to registered shareholders,” in addition to the interim distributions amounting to 10 fils for the first half of 2025, and thus the group has fulfilled its obligations related to the dividend policy.

The group confirmed that this advanced step reflects the company’s financial strength and high liquidity, highlights its leadership position in the market, and the effectiveness of the successful implementation of its business strategy. She pointed out that this exceptional performance would not have been achieved without the trust and support of shareholders, as the disciplined implementation of the business strategy, continued growth in the core sectors, and new areas of growth put its operations on a pioneering path that enhances its competitiveness and contributes to creating a new phase of financial and operational excellence.

The group expressed its appreciation for the continued confidence of shareholders, which has strongly pushed it towards developing flexible business models that keep pace with developments, respond to market changes efficiently and effectively, and contribute to building sustainable value that translates into successive successes. In this regard, the Board of Directors affirms its continued confidence in the group’s ability to sustain this performance based on the best practices of governance and disciplined financial management.

Osama Al-Furaih, Chairman of the Board of Directors at Zain Group, said: “The excellent and unprecedented financial results reflect the strength of the group’s business model and the ability to achieve sustainable growth that enhances shareholder confidence, as it recorded outstanding performance across its various operational operations, driven by management efficiency and clarity of investment vision in advanced digital infrastructure.”

Al-Furaih explained: “Despite the economic and competitive challenges in the region, Zain was able to consolidate its leadership in its main markets by expanding fifth generation services and developing digital transformation initiatives to serve individuals, institutions and governments alike.” He added: “The Board of Directors continues to support the executive management in implementing governance and sustainability initiatives, with a focus on creating new opportunities in the technology sectors and innovative business services, confirming Zain’s growing role as a major driver of the digital economy in the Middle East and African markets.”

For his part, Vice Chairman and CEO of Zain Al-Kharafi Group said, “The exceptional financial results pushed the group’s revenues and profits to the highest levels in the last 16 years. This distinguished performance was a direct result of a disciplined strategic approach and a clear vision in diversifying sources of growth and enhancing operational efficiency.”

Al-Kharafi explained: “The group’s operations in its main markets witnessed remarkable growth, as Zain Iraq’s operations emerged as a major driver of this performance for this period, as the company added one million new customers to its base after the expansions it made on the network, while Zain Sudan’s operations witnessed a strong recovery despite the ongoing security and social challenges, as the company’s network regained about 7 million customers.”

He continued: “The development and expansion projects that the group is conducting on its networks in the Middle East markets have achieved remarkable progress, with total capital expenditures reaching $699 million for this period. In Saudi Arabia, the deployment of 5G Advanced services in 21 additional cities has strengthened Zain’s digital leadership in the Kingdom, while in Kuwait, the wide spread of these services has contributed to maintaining the company’s leading position in the market, and in Jordan, the continued expansion of 5G and FTTH networks has driven significant revenue growth.”

Al-Kharafi revealed, “The group has entered a new phase of qualitative growth, with combined revenues exceeding $5.4 billion, a level that reflects not only the volume of its business, but also the quality of this growth and the diversity of its sources, as revenues no longer depend on traditional operations alone, as the group’s new growth engines – including financial technology, cloud services, and digital wholesale sectors – contributed $562 million during this period, equivalent to 10% of revenues, and a strong annual growth rate of 98%.”

He stressed that this structural transformation in diversifying revenue sources is a direct result of our business strategy, which is based on collaborative growth, digital transformation, and expanding the service portfolio, as Zain has succeeded in building a flexible business system, capable of adapting to market changes, and providing added value across multiple sectors, through smart investment in innovation and enhancing integration.

Al-Kharafi explained that ZOI achieved strong growth in its revenues by 172%, becoming the fastest growing sector in the group’s portfolio thanks to its investments in submarine cables and its vital contribution to supporting digital transformation and the deployment of cloud and Internet of Things services, adding that it is moving with confident steps towards becoming the leading regional pole in wholesale and communications across the region.

Al-Kharafi said: “ZainTECH continued its strong performance in the areas of communications technology solutions, cloud and cybersecurity, achieving a strong growth of 74% in revenue, thanks to the increasing demand for cloud services, cybersecurity, and managed services. The company’s initiatives during this period also contributed to the growth of the project and business sector at the level of the group’s operations by 9%.”

He stated that the financial technology sector recorded a growth in revenues of 57% over this period, driven by an increase in the volume of transactions by 106%, and recent positive developments, including the success of the “Bidi” application in Sudan, and the business momentum of the Tamam platform, whose revenues increased by 23%, while ZainCash’s business in Jordan and Iraq continues to grow in electronic payment services.

Al-Kharafi stated that Zain Group has risen to the MSCI ESG Index classification for environmental, social and corporate governance standards, and has been confirmed at the “A” level, an achievement that highlights its firm commitment to strengthening governance frameworks, complying with the highest standards of transparency, its dedication to adopting the best international practices for disclosure, proactive response to regulatory requirements, and enhancing its flexibility in the face of risks.

He added: “This promotion highlights Zain’s commitment to ethical integrity and responsible corporate behavior by applying the highest standards of ethics in all environmental, social and corporate governance practices, as it has recently and increasingly directed its efforts towards building a sustainable and resilient system.”

It is noteworthy that Zain Group topped the telecommunications sector in the Middle East markets in Forbes magazine’s annual classification of “The Best Employers in the World,” and came first in the Kuwaiti market, and among the top three “employers” in the region’s markets, due to its pioneering role in promoting a culture of inclusion, diversity, and fairness, and advancing the responsible business agenda in line with its corporate purpose. Zain contributed to the efforts of state institutions by registering Kuwait’s name in the Guinness Book of World Records by performing a robotic surgery. Transcontinental, in a step that highlighted its role as a leading national institution that possesses an advanced digital infrastructure, contributing to advancing digital transformation initiatives in the health sector.

The group recently won the “Best Company in Corporate Governance” award in Kuwait for the year, in the latest classification of the international magazine World Finance, as this award highlighted its deep commitment to applying the highest standards of transparency and good corporate practices.

Zain Kuwait

Zain Kuwait operations maintained its market leadership with a customer base of 2.6 million customers, with quarterly revenues reaching 99 million dinars ($323 million), and earnings before interest, taxes, and amortization (EBITDA) reaching 34.5 million dinars ($113 million), with an EBITDA margin of 35%. Net profits reached 20 million dinars ($64 million), while net profits for the 9 months amounted to 60 million dinars ($196 million).

Data revenues increased by 4%, and now constitute 36% of the company’s total revenues. The company continues to consolidate its leadership in adopting “5G-Advanced” services, as it has the largest fifth generation customer base and the highest share of fifth generation revenues in Kuwait, and this has strengthened its role as a leading digital provider in the country.

Zain Saudi Arabia

Zain Saudi Arabia’s operations continue their strong growth path, as quarterly revenues increased by 6%, reaching $733 million, and earnings before interest, taxes, and amortization (EBITDA) increased by 0.3%, reaching $229 million, with an EBITDA margin of 31%, and net profits increased by 2%, reaching $41 million, while net profits for the nine months jumped 16%, reaching $99 million. Dollar.

Zain Saudi Arabia continues to expand its 5G-Advanced network and accelerate the adoption of digital solutions in the Kingdom. During this period, data revenues grew by 4%, and now constitute 40% of total revenues, while the customer base reached 8.6 million customers.

Zain Iraq

Zain Iraq operations delivered an exceptional quarterly performance, as it continues its market leadership by achieving the highest market share, continuing the strong growth process during the recent period, as quarterly revenues increased by 20%, reaching $342 million.

Earnings before interest, taxes and amortization (EBITDA) increased by 7% to reach $129 million, with a healthy EBITDA margin of 38%. Net profits jumped by 19% to reach $47 million, while net profits for the nine months jumped by 21% to reach $113 million, while the customer base increased by 5% to reach 20.4 million customers.

Zain Sudan

Zain Sudan operations delivered an exceptional performance, as the company continued to implement its recovery plans at an increasing pace, as quarterly revenues jumped by 147% to reach $143 million, over the nine-month period, and earnings before interest, taxes and amortization (EBITDA) jumped by 262% to reach $82 million, achieving a strong EBITDA margin of 57%, and net profits rose by 77% to reach $59 million, while Net profits for the 9 months increased by 92%, reaching $171 million.

The customer base grew by 39% to 12.2 million customers, driven by the restoration of network services, while data revenue rose by 114% to account for 30% of total revenue.

Zain Jordan

Zain Jordan’s operations delivered a strong performance during the third quarter, which was driven by the continued expansion of 5G services and the FTTH fiber optic network in the Kingdom, as quarterly revenues rose by 8% to reach $152 million, and earnings before interest, taxes and depreciation (EBITDA) increased by 3% to reach $58 million, maintaining a strong EBITDA margin of 38%, and net profits stabilized at $20 million, while Net profits for the nine months increased by 7% to reach $59 million.

The customer base grew 1% to 4.3 million customers, and data revenue jumped 14%, now accounting for 54% of total revenue.

Zain Bahrain

The company’s quarterly revenue rose 3% over the nine-month period, to $52 million, EBITDA was $16 million, an EBITDA margin of 31%, and net profit rose 1% to $4.4 million, while data revenue grew 5%, now making up 46% of total revenue.