ZAWYA: Zain Group Q1’2026 revenue up 6% to $1.86bln

About this update from Mobile Telecommunications Company K.s.c.p

Chair of the Board, Mrs Nour Al-Jassim: “The Board of Directors places strategic partnerships and the creation of sustainable shareholder value at the forefront of its priorities”Vice-Chairman & Group CEO, Bader Al-Kharafi: “A prosperous first quarter on multiple fronts that signals an exceptional year ahead”EBITDA up 6% to USD 594 million with CAPEX reaching USD 129 millionKuwait’s 5.5G network supports nation during crisis and drives market leadership on all major KPIsStrong revenue growth in Sudan (+34%), Iraq (+14%), and Jordan (+5%)Key markets deliver net profit growth of 116% in KSA and 12% in IraqData revenue grew 18% to reach USD 751 million, representing 40% of total revenueNew growth verticals revenue grew 16% to reach USD 227 million representing 12% of total revenuesZain Omantel International’ (ZOI) reports healthy revenue growth of 16% during Q1’ 2026ZainTECH revenue up 7%, contributing to a 9% YoY increase in groupwide enterprise revenueZain Ventures strategic investments record notable gains of $123 millionPartnership with Ooredoo and TASC progressing towards establishing the largest TowerCo in region Fintech services witness consolidated revenue growth of 28% across multiple marketsZain Group publishes 2025 Sustainability Report entitled ‘Grounded in Purpose, Growing Sustainably’Zain is most valuable brand in Kuwait’s private sector with a valuation of USD 4 billion, up 16% YoYKuwait City – Zain Group, a leading TechCo providing innovative ICT and digital lifestyle communications in eight markets across the Middle East and Africa, announces its consolidated financial results for the first quarter ended March 31, 2026, with customer base reaching 51.2 million customers.Group Key Performance Indicators (KD and USD) for Q1’ 2026Total Managed Active Customers51.2 millionRevenueKD 569 millionUSD 1.86 billionEBITDAKD 182 millionUSD 594 millionEBITDA Margin32%Net IncomeKD 80 millionUSD 260 millionEPS18 filsUSD 0.06Zain Group recorded consolidated revenue growth of 6% to reach KD 569 million (USD 1.86 billion) for Q1’ 2026. EBITDA for the quarter jumped 6% to reach KD 182 million (USD 594 million), reflecting an EBITDA margin of 32%. Net income for the quarter soared 51% to reach KD 80 million (USD 260 million), a 15 year high and reflecting an Earnings Per Share of 18 Fils (USD 6 Cents).Key Operational Notes for Q1 2026Kuwait’s 5.5G network suppo...

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