By John Lee.
Kuwait's Zain Group has reported increased revenue and profit at its Iraqi telecom business:
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Revenue Growth: In Q1 2025, Iraq's revenue grew by 13% to reach USD 286 million.
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EBITDA Growth: EBITDA increased by 13% to USD 105 million, reflecting an EBITDA margin of 37%.
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Net Income: Net income soared by 73% to reach USD 26 million.
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Customer Base: The customer base increased by 11% to 20.7 million, maintaining a market-leading position.
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Growth Drivers: Growth was driven by investment in tower expansion and the monetization of new B2C and B2B products and services.
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Market Access: Improved market access in Iraq contributed to the overall increase in the Group's customer base.
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Digital Operator: The customer base and revenue continue to grow for Zain's digital operator, Oodi, in Iraq.
(Source: Zain Group)
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