KUWAIT CITY – 18 February 2026: Zain Group, a leading ICT and digital lifestyle communications provider operating across eight markets in the Middle East and Africa, has reported strong consolidated financial results for the full year ended 31 December 2025.
The Group’s active customer base grew 4% year-on-year to reach 50.9 million.
For FY-2025, Zain generated consolidated revenue of KD2.3 billion ($7.44 billion), reflecting a 14% year-on-year increase. EBITDA reached KD780 million ($2.54 billion), up 11%, with a healthy EBITDA margin of 34%. Net income more than doubled, rising 103% year-on-year to KD239 million ($777 million), while earnings per share stood at 55 fils ($0.18). All comparisons are based on restated FY-2024 results following the application of IAS 29.
In Q4-2025, consolidated revenue reached KD600 million ($2 billion), up 10% year-on-year. Quarterly EBITDA stood at KD214 million ($696 million), delivering a 36% margin. Net income for the quarter totalled KD47 million ($151 million), with earnings per share of 11 fils ($0.03).
Capital expenditure for the year reached $1.5 billion, a 40% increase, representing 20% of revenue. Investments focused on network expansion, technology modernization, fiber deployment and digital transformation initiatives.
Data revenue grew 13% year-on-year to $2.8 billion, accounting for 37% of total revenue. New business verticals generated $743 million in revenue, up 67% year-on-year, contributing around 10% of Group revenue. Enterprise revenue grew 13% year-on-year, supported by a 55% increase in ZainTECH revenue. Fintech revenue rose 28% year-on-year, while total transaction volumes increased 24%.
Chairman Osamah Al Furaih attributed the performance to disciplined execution of the Group’s “4WARD-Progress with Purpose” strategy, highlighting network expansion, digital innovation and ESG initiatives as key value drivers.
Vice-Chairman and Group CEO Bader Al-Kharafi noted that disciplined Capex and Opex management, alongside strategic investments, strengthened Zain’s TechCo positioning. He highlighted Kuwait’s commercial deployment of 5G Advanced, Zain Saudi Arabia’s record SAR11 billion revenue, strong momentum in Iraq, improving performance in Sudan, and continued 5G expansion in Jordan and Bahrain.
The Group’s investment in new verticals — including ZOI, ZainTECH and fintech services — continued to accelerate, reinforcing revenue diversification and digital transformation across its footprint.
