Bahrain’s leading technology group Beyon announced robust results for the first half of 2025, with revenue rising 9% year-on-year to BD242.8 million ($644 million). Net profit attributable to equity holders reached BD35.3 million ($93.6 million), reflecting a 9% decline from BD38.6 million ($102.4 million) in H1 2024, mainly due to Domestic Minimum Top-Taxes (DMTT) and acquisition-related charges.
Beyon’s growth was driven by gains in mobile, fixed broadband, wholesale, and digital services, alongside a 6% increase in overall customer base, supported by 7% growth in mobile subscribers and 3% in broadband users. Operating profit dipped slightly by 2% to BD54.5 million ($144.6 million), while EBITDA improved by 3% to BD92.3 million ($244.8 million). Total equity stood at BD567.8 million ($1.5 billion) as of June 30, 2025.
In Q2, Beyon posted a net profit of BD17.2 million ($45.6 million), down 13% year-on-year due to DMTT and acquisition costs. EBITDA for the quarter rose 4% to BD46.9 million ($124.4 million), while revenue increased 11% to BD125.3 million ($332.4 million). Earnings per share were 10.4 fils in Q2 compared to 12.0 fils the previous year.
The Board approved an interim cash dividend of 13.5 fils per share, consistent with 2024’s payout, reinforcing Beyon’s commitment to strong shareholder returns.
Chairman Shaikh Abdulla bin Khalifa Al Khalifa expressed satisfaction with Beyon’s sustained revenue growth and healthy EBITDA margins, noting that despite tax impacts, the company’s financial fundamentals and operational resilience remain solid. He emphasized Beyon’s role in supporting Bahrain’s digital transformation through strategic investments in connectivity, cloud, and cybersecurity.
CEO Andrew Kvaalseth highlighted continued momentum in core businesses, including a 6% rise in customers and strong international performance from Jordan’s Umniah, which grew revenue 9% year-on-year. Beyon also launched Voya, Bahrain’s first fully digital eSIM solution, further advancing digital access locally and regionally.
Beyon Solutions expanded its industrial sector digital innovation engagements, while Beyon Money Business enhanced payment ecosystems for merchants. Beyon Connect strengthened its regional footprint and leadership in public-private digital transformation.
With a clear growth roadmap and solid progress across telecom and digital sectors, Beyon remains confident in delivering value and growth through the remainder of 2025.
