Zain Bahrain Q1 profit rises 9.6%

TDT | Manama

Email: mail@newsofbahrain.com

Zain Bahrain, a leading telecommunications provider in the Kingdom, yesterday announced its financial results for the first quarter (Q1 2025).

The company reported a total profit attributable to the shareholders of BD 1.17 million for the three months ended 31 March 2025, representing a 9.6% increase compared to BD 1.07 m for the same period in the previous year.

Basic and Diluted earnings per share remained stable at 3 fils, compared to Q1 ‘24.

Revenue increased to BD 21.01 m, representing a growth of 7.7% compared to BD 19.51 m for the same period in 2024.

EBITDA reached BD 5.38 m, down by 5.6% from BD 5.70 m in Q1 ‘24.

At the balance sheet level, Zain Bahrain's total equity as of 31 March 2025 accumulated to BD 85.92 m, down by 2.50% from BD 88.12 m at the end of 2024.

The Company's asset base stood at BD 138.22 m, a reduction of 2.60% from BD 141.91 m as of 31 December 2024.

Commenting on the results, Shaikh Ahmed bin Ali Al Khalifa, Zain Bahrain Chairman, said, "I am pleased to share Zain Bahrain's latest milestones and developments for the first quarter of 2025. These highlight our remarkable progress in expanding our capabilities and enriching customer experiences. Over the past few months, Zain Bahrain has significantly enhanced its 4G and 5G network coverage across the Kingdom, boosting network efficiency and delivering faster connectivity to our customers. This expansion also supports our sustainability goals by reducing energy consumption by up to 50%—a major step forward in our commitment to environmental responsibility. It is also notable to mention, that our innovative microfinance app Bede, has achieved remarkable success and continued to gain a widespread acceptance, emerging as a key player in the Kingdom’s fintech sector.”

Tripled internet speeds

“In line with our mission to deliver the best possible digital experience, we have also tripled our fiber internet speeds for new and existing customers. Base speeds have increased to 300 Mbps, with offerings reaching up to 2 Gbps. This positions Zain Bahrain as a leader in high-speed internet services, setting a new benchmark for fiber connectivity in the Kingdom and ensuring that all Zain customers can enjoy unprecedented speeds."

Zain Bahrain Chairman continued: "We have also forged new strategic partnerships, including Takaful International Company. The partnership aimed to expand our portfolio to offer affordable, comprehensive insurance solutions alongside our telecom services through Zain App. These efforts have not gone unnoticed, as we proudly received the "Best Connected Customer Experience Award" by IST Networks and Genesys at LEAP 2025.

In addition, we recently achieved the highly regarded "Corporate Ethical Procurement and Supply" certification from the Chartered Institute of Procurement and Supply (CIPS), which underscores Zain's continuous commitment to maintaining the highest standards of integrity, transparency, and ethical business practices in its procurement and supply chain operations. Another proud achievement this quarter is Zain Bahrain's official certification of ISO 22301:2019 for Business Continuity Management, along with our successful transition to ISO 27001:2022 standard for Information Security Management Systems (ISMS). These internationally recognized certifications underscore Zain's unwavering commitment to business resilience, customer data privacy, and the continuous enhancement of our cybersecurity and continuity practices.”

The Chairman concluded: "Looking ahead, 2025 will be a year of achievements and endless possibilities, and we are already off to a good start. Zain Bahrain will continue to push boundaries in innovation to meet its customers' changing needs, expand digital services, revolutionaries' new technologies, and uplift customer experience to remain the leading telecom and technology provider across the Kingdom."