Investor Relations

For FY-24, Zain Group generated consolidated revenue of KD 2 billion (USD 6.4 billion), up 3% YoY. Consolidated EBITDA for the period reached KD 689 million (USD 2.25 billion), with normalized EBITDA growth of 2% (excluding number range claim in 2023), reflecting an EBITDA margin of 35%. Consolidated net income reached KD 208 million (USD 677 million), representing normalized net income growth of 15%, when adjusted for number range claim and Tower transaction gain in 2023 and gain on business combination from acquisition of IHS (Kuwait TowerCo) in 2024. Earnings per share amounted to 48 fils (USD 0.16).

For Q4-24, Zain Group generated consolidated revenue of KD 526 million (USD 1.7 billion), up 7% YoY. EBITDA for the quarter reached KD 184 million (USD 599 million), reflecting an EBITDA margin of 35%. Normalized net income soared 120% to reach KD 72 million (USD 235 million), representing earnings per share of 17 fils (USD 0.05).