Zain Bahrain Q4, FY24 profits rise

TDT | Manama

Email: mail@newsofbahrain.com

Zain Bahrain, a leading telecommunications provider in the Kingdom, announced its financial results for the fourth quarter (Q4 2024) and full year ended 31 December 2024.

For Q4 2024, Zain Bahrain reported a total profit attributable to the shareholders of BD 1.88 million representing a 29.6% increase compared to BD 1.45 m for the same period in the previous year with earnings per share of 5 fils. Revenue, meanwhile, increased to BD 19.80 m, representing a growth of 7.3% compared to BD 18.45 m for the same period in the previous year. EBITDA reached BD 5.44 m, down by 5.6% from BD 5.76 m in Q4 2023.

The company reported a 2% increase in total profit for the year attributable to the shareholders amounting to BD 5.92 m for the year ended 31 December 2024, compared to BD 5.81 m in the previous year. Earnings per share stood at 16 fils for the year ended 31 December 2024. Revenue generated in 2024 accumulated to BD 77.24 m, a 6.8% jump from BD 72.32 m in 2023. EBITDA increased to BD 23.58 m for the year ended 31 December 2024, from BD 22.45 m in the previous year.

Zain Bahrain's Board of Directors recommended annual dividends representing 9% of the company’s paid-up capital, equivalent to 9 fils per share, which totals to a dividend amount of BD 3.275 m, reflecting a 55% payout ratio, subject to the Annual General Meeting approval.

Zain Bahrain Chairman E Shaikh Ahmed bin Ali Al Khalifa said, "This year has been one of growth, resilience, and transformation—achievements that we are incredibly proud of and that lay the foundations for a brighter future. I am proud to share the outstanding progress we have made in delivering exceptional value to our customers, shareholders, and the Kingdom of Bahrain.”

Zain Bahrain's Chairman concluded, "As we look toward the future, Zain Bahrain is poised to remain a leader in telecom and technology. In 2025, we aim to continue focusing on innovation and sustainability and provide customers with the best services and experiences with new business models, 5G adoption, and Al."