KUWAIT CITY — Zain Group reported strong financial performance for the full year 2025, with consolidated revenue reaching KD2.3 billion ($7.44 billion), representing a 14% year-on-year increase, while net income more than doubled to KD239 million ($777 million). The group’s customer base grew to 50.9 million active users across its eight markets in the Middle East and Africa.
Consolidated EBITDA reached KD780 million ($2.54 billion), reflecting an 11% increase and an EBITDA margin of 34%. The performance was supported by continued investment in network expansion, digital transformation initiatives, and growth across new business verticals aligned with the company’s TechCo strategy.
Zain invested approximately $1.5 billion in capital expenditure during the year, representing 20% of revenue, with spending focused on network modernization, fibre deployment, and technology upgrades. Data revenue grew 13% year-on-year to $2.8 billion, accounting for 37% of total revenue, highlighting the ongoing shift toward digital and data-driven services.
New business verticals generated $743 million in revenue, up 67% year-on-year, and now contribute around 10% of total group revenue. Enterprise services also recorded strong growth, with ZainTECH revenue increasing by 55%, while fintech revenue rose 28% alongside a 24% increase in transaction volumes.
Operationally, several markets delivered strong results, including record revenues in Saudi Arabia driven by 5G expansion and enterprise growth, continued momentum in Iraq, and sustained performance across Kuwait, Jordan, Bahrain, and Sudan. The company noted that investments in advanced technologies, including 5G Advanced deployments, are strengthening customer experience and supporting long-term digital growth.
