Zain Group announces its consolidated financial results for the nine-months (9M) period ended 30 September 2024, serving 47.2 million customers.
47.2 Million
Total Managed Active Customers
KWD 1.45 Billion
Consolidated Revenues
USD 4.71 Billion
KWD 505 Million
EBITDA
USD 1.65 Billion
35%
EBITDA Margin
KWD 136 Million
Net Income
USD 442 million
Fils 31
EPS
USD 0.10
For 9M-2024, Zain generated a 15-year high consolidated revenue of KD 1.45 billion (USD 4.71 billion), up 2% YoY. Consolidated EBITDA for the period reached KD 505 million (USD 1.65 billion), with normalized EBITDA growth (excluding number range claim) remaining stable YoY, reflecting an EBITDA margin of 35%. Net income for the 9-month period reached KD 136 million (USD 442 million) representing normalized net income growth of 6%, adjusted for number range claim and Tower transaction gain during nine-month period of 2023. Earnings per share amounted to 31 fils (USD 0.10) for the nine-month period.
In Q3 2024, Zain generated a 15-year high consolidated revenue of KD 501 million (USD 1.64 billion), up 4% YoY. EBITDA for the quarter reached KD 180 million (USD 589 million), reflecting a 36% EBITDA margin. Net income for the three months amounted to KD 54 million (USD 177 million), an increase of 1% YoY. Earnings per share for Q3 amounted to 13 fils (USD 0.04).
