Zain Group has reported strong financial results for the first nine months of 2025, achieving a 16-year high in consolidated revenue and significant growth in net profit. The company, which operates across eight markets in the Middle East and Africa, announced that its consolidated revenue reached KD 1.7 billion (USD 5.4 billion), marking a 15% increase year-on-year. Net income rose by 31% to KD 178 million (USD 581 million). The number of active customers grew by 9%, reaching 51.3 million.
For the third quarter of 2025, Zain Group generated consolidated revenue of KD 582 million (USD 1.9 billion), up by 16% compared to the same period last year. EBITDA for the quarter was KD 196 million (USD 641 million), reflecting an EBITDA margin of 34%. Net income for Q3 stood at KD 57 million (USD 187 million), with earnings per share at 13 fils (USD 0.04).
The Board of Directors declared a second interim cash dividend of 25 fils per share for profits achieved as of September 30, with payments scheduled for November 19. This follows an earlier interim dividend of 10 fils per share distributed on September 3.
The Board stated: “As part of the Group’s commitment to the highest standards of transparency and financial compliance, the Board of Directors continues to review global accounting regulatory frameworks and is currently considering the possibility of implementing International Accounting Standard IAS 29 before the end of the current year.
Preliminary assessments indicate that the adoption of this standard is not expected to have a material impact on total shareholders’ equity, and that the impact on the financial results of the current year, 2025, is expected to be positive. This will be confirmed following the completion of the requirements and implementation of the accounting standard and retaining the option of presenting this matter to the General Assembly for approval.
Due to the robust results of the first nine months of 2025, that saw earnings per share reach an exceptional 41 fils, the Board of Directors has declared a second interim cash dividend of 25 fils per share for profits achieved for period ending September 30, 2025. Registered shareholders will receive payments on November 19. This second interim dividend comes in addition to the earlier interim dividend of 10 fils per share for the first half of 2025. With these two distributions, Zain Group has fulfilled its obligations related to the dividend distribution policy.
This advanced step reflects the strength of Zain Group’s financial position and high liquidity. It also highlights the successful execution of the 4WARD business strategy and leadership position across Zain’s markets.
This exceptional performance could not have been achieved without the confidence and support of our shareholders. The disciplined execution of our business strategy continued growth in core sectors, and expansion into new growth areas have placed the Group’s operations on a leading path that enhances competitiveness and establishes a new phase of financial and operational excellence.
We extend our gratitude to our shareholders for their continued trust, which has driven us to develop flexible business models that keep pace with developments, respond efficiently and effectively to market changes, and contribute to building sustainable value that translates into successive achievements. The Board remains confident in the Group’s ability to sustain this momentum, supported by sound governance, resilient operations, and disciplined financial management”.
Key operational highlights include data revenue rising by approximately USD 2 billion—representing about one-third of group revenue—and fintech services showing notable gains powered by Taman and Zain Cash platforms. Investments during this period totaled USD 699 million in capital expenditures or roughly one-eighth of revenues.
Chairman Osamah Al Furaih commented: “Our operations have shown great resilience to grow market share despite many competitive and socio-economic challenges they face. The Board is focused on supporting management execute key business strategies and ESG practices on the back of vast investments in technologies, digital infrastructure, new business verticals as well as in Sustainability related and customer experience initiatives. This collaborative effort has positioned Zain as the digital service operator of choice for consumers, enterprises, and government.”
Vice-Chairman and CEO Bader Al-Kharafi added: “Diligent implementation of the 4WARD strategy and AI initiatives is accelerating rollout of digital services… These comprehensive efforts have resulted in Zain recording sixteen-year revenue highs…”
He also highlighted recent recognition: “Our recent ranking in Forbes ‘World’s Best Employers’ list… reflects how serious we are in taking responsible business action by building a thriving inclusive workplace…” He further noted participation in setting a Guinness World Record for remote robotic surgery from Kuwait as evidence “of our leadership in driving digital transformation.”
Zain’s MSCI ESG rating was upgraded from BBB (“average”) to A (“above average”), reflecting progress under its sustainability strategy.
Performance varied across markets:
– In Kuwait—Zain’s largest operation—Q3 revenue increased by five percent year-on-year.
– Saudi Arabia saw Q3 revenues rise six percent; its customer base now exceeds eight million.
– Iraq recorded twenty percent higher quarterly revenues than last year.
– Sudan experienced significant recovery after restoring network sites; Q3 net income rose seventy-seven percent.
– Jordan posted eight percent quarterly revenue growth.
– Bahrain registered modest increases across key metrics.
The company also expanded its accelerator program regionally through ZGI (Zain Great Idea) targeting startups across multiple countries including Bahrain, Iraq, Jordan, Saudi Arabia,and UAE.
Bader Al-Kharafi said: “With aim enhancing purpose innovation we expanded ZGI Accelerator program… Expanding ZGI across our footprint powered by Zain Ventures & ZainTECH is natural evolution commitment nurturing regional talent…”
He concluded: “The fifth consecutive award receiving ‘Best Corporate Governance Kuwait’ award from World Finance reflects depth consistency ethical compliant transparent standards providing stakeholders including investors confidence company being run compliant transparent manner… Solid corporate governance backbone strategy regional appeal driving continued growth success attracted ongoing praise admiration from shareholders industry analysts regulatory authorities.”
Zain Group operates mobile voice/data services throughout Kuwait,Bahrain,Iraq,Sudan,S.Sudan,Jordania,and KSA; it holds minority interest via joint venture Morocco-based INWI.
For more information visit www.zain.com
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