Kuwait City: Zain Group reported a significant increase in net profits for the first quarter of 2025, reaching KD 48.5 million (approximately USD 157 million), marking a 66 percent increase compared to the same period last year, according to Chairman Mr. Osamah Al-Furaih.
According to Kuwait News Agency, the group's revenues saw a growth of 15 percent, rising to KD 536 million (USD 1.74 billion) from the previous year. Profits before interest, tax, and depreciation also increased by 15 percent, amounting to approximately KD 171 million (around USD 554 million). Data service revenues contributed significantly to this growth, increasing by 6 percent to USD 633 million, which constitutes 36 percent of the total consolidated revenues.
Chairman Al-Furaih emphasized that this financial success underscores Zain's commitment to sustainable and consistent returns for shareholders, as well as the business's promising future prospects. Zain Vice-Chairman and Group CEO Bader Al-Kharafi noted the remarkable operational performance and revenue growth across key markets, expressing optimism for the continuation of this trajectory throughout the rest of the year, which is expected to enhance shareholder value.