Beyon announces Q2 2025 and half year 2025 financial results
Total comprehensive income attributable to equity holders in Q2 2025 was reported at BD26.7M (US$70.8M), a 53% increase from BD17.4M (US$46.2M) in the second quarter of 2024, mainly due to favorable foreign currency translation differences and investment fair value changes.
Operating profit in Q2 2025 of BD28.5M (US$75.6M) is in line with BD28.5M (US$75.6M) reported in Q2 2024. EBITDA stands at BD46.9M (US$124.4M) in Q2 2025 compared to BD45.2M (US$119.9M) in Q2 2024, an increase of 4%. The company maintained a healthy EBITDA margin of 37% in Q2 2025. Revenues for the second quarter of 2025 increased by 11% to BD125.3M (US$332.4M) compared to BD112.5M (US$298.4M) in Q2 2024.
For the first six months of 2025, net profit attributable to equity holders of the company of BD35.3M (US$93.6M) decreased by 9% compared to BD38.6M (US$102.4M) in 2024, mainly due to DMTT and acquisition related charges. Earnings per share (EPS) are 21.3 fils for the period compared to an EPS of 23.3 fils for H1 2024.
Total comprehensive income attributable to equity holders of the company decreased by 32% from BD57.1M (US$151.5M) in H1 2024 to BD38.6M (US$102.4M) in H1 2025 mainly due to investment fair value changes.
Operating profits decreased by 2% from BD55.6M (US$147.5M) in H1 2024 to BD54.5M (US$144.6M) in H1 2025. However, EBITDA increased by 3% from BD89.2M (US$236.6M) in H1 2024 to BD92.3M (US$244.8M) in H1 2025. The company maintained a healthy EBITDA margin of 38% in H1 2025.
Revenues for the first six months of the year of BD242.8M (US$644.0M) increased by 9% from BD222.9M (US$591.2M) of revenues in H1 2024, mainly due to increases in mobile, fixed broadband, wholesale and digital services. Beyon was able to grow its overall customer base by 6% YoY with a 7% and 3% increase in mobile and broadband subscribers respectively.
Beyon's balance sheet remains strong with total equity attributable to equity holders of the company of BD567.8M (US$1,506.1M) as of 30 June 2025, 1% higher than BD564.2M (US$1,496.6M) reported as of 31 December 2024. Total assets of BD1,274.6M (US$3,380.9M) as of 30 June 2025 are 1% higher than total assets of BD1,256.0M (US$3,331.6M) as of 31 December 2024. Net assets as of 30 June 2025 which stand at BD624.7M (US$1,657.0M) are in line with BD621.8M (US$1,649.3M) reported as of 31 December 2024. The Company reported cash and bank balances of BD125.9M (US$334.0M) as of 30 June 2025.
The Board of Directors approved an interim cash dividend for shareholders of 13.5 fils per share or 13.5% of paid-up capital for the six-month period of 2025. This is in line with the 2024 interim dividend payment and the Board of Directors' commitment to continuously deliver strong returns to shareholders.
Financial and Operational Highlights
*Excludes subscriber numbers from Sabafon, Beyon's associate company in Yemen, and Etihad Atheeb Telecom, Beyon's investment in Saudi Arabia.
Beyon Chairman Shaikh Abdulla bin Khalifa Al Khalifa commented on the financial results for the second quarter of 2025 and the first six months of 2025 following a meeting of the Board of Directors on Wednesday 30th July, at Beyon's Campus, Hamala, Kingdom of Bahrain.
'The Board is pleased to see Beyon continuing the positive trajectory established in previous quarters, delivering solid revenue growth and a healthy EBITDA margin in the second half of 2025. The Group's performance remains is in line with expectations and reflects the continued strength of our strategy.'
'Despite the expected result of the application of Domestic Minimum Top-Up Taxes (DMTT) on net profit, the underlying fundamentals of the business remain strong, with consistent operational delivery and financial resilience. Our ability to sustain robust EBITDA performance while investing in future-focused platforms is a testament to the Group's sound financial position and long-term outlook. Notably, the Group continues to distribute dividends in line with previous years, reaffirming our commitment to delivering sustained value for shareholders while ensuring the financial strength required to support future growth.'
Shaikh Abdulla also spoke to Beyon's deep commitment to supporting national digital ambitions, 'In parallel with our business performance, through strategic investments and partnerships, we continue to support the Kingdom's digital transformation journey, investing in secure connectivity and advanced infrastructure as well as innovations in cloud and cybersecurity solutions. These efforts reflect our Group's purpose of unlocking opportunities for communities, businesses, and government through technology, and delivering on our promise to accelerate digital progress in the communities we serve.'
Expanding on the Group's performance, Beyon CEO, Andrew Kvaalseth, said, 'Our results in the second quarter of 2025 reinforce the strength of our operations and our disciplined approach to delivering value. We've seen continued momentum across our core business lines, with a 6% year-on-year increase in our customer base—driven by a 7% rise in mobile subscribers and 3% growth in fixed broadband. Additionally, our international operations also performed well, with Umniah, our Jordan-based telecom, recording a 9% year-on-year revenue increase. These gains are an important validation of our regional strategy and our ability to deliver high-quality, customer-centric connectivity solutions in a competitive landscape.'
'Closer to home, Batelco by Beyon launched Voya, Bahrain's first fully digital eSIM solution, marking a significant step in how customers engage with mobile services both locally and internationally. Voya builds on our innovation track record and underlines our commitment to shaping the future of digital access in the Kingdom. We also made meaningful progress on the enterprise front with our collaboration with key partners in the financial sector enabling seamless infrastructure migration and deeper integration of telecommunications with financial services.'
'Within our digital companies, we have continued to scale our service offerings. Beyon Solutions advanced its work with the industrial sector through strategic engagements focused on accelerating digital innovation and sustainable practices. Beyon Money Business delivered on a seamless, closed-loop payment ecosystem for merchants. Meanwhile, Beyon Connect expanded its regional presence and thought leadership through active participation in the Arab Postal Leaders Forum, reinforcing its commitment to public-private digital transformation.
'With solid progress in both our telecom and digital businesses, and a clear growth roadmap, we remain confident in our ability to execute and lead as we move into the second half of the year.'
This press release, along with the full set of financial statements, is available on the Bahrain Bourse website and on Beyon website, www.beyon.com
-Ends-
This press release has been issued by Beyon Corporate Communications & Sustainability Department. For further information, please contact Public.Relations@beyon.com
ABOUT BEYON:
Beyon is a global technology group, dedicated to bringing technology closer to people and businesses with best-in-class connectivity and digital solutions. As a group, Beyon is focused on creating a prosperous digital growth portfolio through its subsidiary companies Batelco, Beyon Money, Beyon Cyber, Beyon Solutions, and Beyon Connect. Beyon also supports a successful group of international investments, subsidiaries and affiliates in several locations including Jordan, Saudi Arabia, Yemen, Egypt, the Maldives, The Channel Islands, Isle of Man, Diego Garcia, St. Helena, Ascension Island, and the Falkland Islands.
Beyon is a listed entity on the Bahrain Bourse, for more information visit www.beyon.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The National
26 minutes ago
- The National
Parkin to introduce nearly 30,000 new paid parking spaces in Dubai communities
Dubai's public parking operator is to roll out 29,600 new paid parking spaces in a number of communities thanks to a partnership with one of the emirate's leading investment companies. In a major expansion of its network, Parkin has joined forces with Dubai Holding, a government-owned conglomerate that includes major real estate developers Nakheel, Meydan and Dubai Properties in its portfolio. Under the partnership, Parkin will manage parking operations – including enforcement action – in a number of designated areas. Parkin said there would be a phased introduction of the scheme. It does not give a specific start date for the initiative but stated that it would have 'a moderate impact on operational income from mid-Q3 2025'. Parkin did not reveal the residential communities where paid parking operations would be activated. The National has contacted the company for further comment. Dubai Holdings has delivered more than 106,000 residential units and land plots in busy areas such as Palm Jumeirah and Jumeirah Beach Residence (JBR). Parkin said the new paid parking zones were being introduced in response to increasing pressure on parking availability. The partnership aims to improve traffic flow, reduce congestion and enhance the day-to-day mobility experience for residents and visitors, the parking operator added. The agreement will more than double the number of paid parking spaces in privately developed communities operated by Parkin, reaching about 50,400. 'This strategic partnership with Dubai Holding strengthens our presence in the private developer parking segment, enabling us to extend our market-leading parking solutions across key communities in the emirate, while delivering integrated urban mobility experiences that enhance our customers' quality of life,' said Mohamed Abdulla Al Ali chief executive of Parkin. 'The operational roll-out will proceed in phases, fully aligned with Parkin's rigorous operational standards and commitment to improving efficiency and day-to-day convenience. 'This collaboration represents a key milestone in Parkin's expansion strategy and underscores our dedication to continue developing efficient, sustainable and resident-centric infrastructure in support of Dubai's continuing expansion.' What is Parkin? Parkin was set up in January 2024 by the Dubai government to manage the emirate's parking infrastructure. Parkin manages more than 200,000 paid parking spaces across Dubai, including public parking and public multistorey car parks, as well as some privately owned parking spaces under long-term contracts. In April, Parkin set out new variable fees for parking in Dubai, including peak pricing for six of the 14 chargeable hours each day, from 8am to 10am and 4pm to 8pm. Sundays and public holidays are excluded. The company's other revenue streams include the enforcement and issuance of seasonal permits, parking reservations and other commercial activities. Its revenue jumped by nearly a third in February because of a major increase in the number of fines issued in the final three months of 2024. Parkin said it imposed about 509,000 fines in the final quarter of 2024, up 60 per cent on the 317,400 fines handed out in the last three months of 2023. The amount levied in fines rose to Dh77 million in the final quarter of 2024, up from Dh44.8 million in the last three months in 2023. The increase was partly the result of 'technology-based improvements to our enforcement framework', the company said. A vital aspect of this are the smart scan inspection cars run by Parkin, which operates more than 90 per cent of Dubai's on and off-street paid parking, in public areas and in car parks owned by developers. Parkin is to also manage about 2,100 parking spaces across 59 sites at Dubai's mosques, it was announced last week. One hour of parking during prayer time will be free of charge, Dubai Media Office reported. 'Operational roll-out is targeted to commence in August 2025,' the media office said on X.
Arabian Business
an hour ago
- Arabian Business
Abu Dhabi's IHC posts record H1 profit of AED 10.8bn as real estate leads growth
International Holding Company (IHC) posted AED 10.8 billion net profit for the first half of 2025, supported by strong performance in key sectors including real estate, marine, hospitality, and financial services. The group also reported a 31.1 per cent year-on-year increase in revenue to AED 54.7 billion during the six-month period, reflecting the group's enhanced operating leverage and execution of its strategic investment agenda. 'Our H1 2025 results reflect the continued strength of IHC's diversified model and the disciplined execution of our strategic investment agenda. By delivering outstanding portfolio performance and enhancing operating leverage, we are unlocking value across sectors while deepening our impact across regional and international markets,' said Syed Basar Shueb, CEO of IHC. Second-quarter performance was particularly strong, with revenue rising 22.5 per cent year-on-year to AED 27.5 billion and net profit jumping 55.3 per cent to AED 6.7 billion, marking one of the group's strongest quarters to date. The real estate and construction segment was the top contributor, generating AED 22.6 billion in revenue, up 47.8 per cent year-on-year, and accounting for 41.4 per cent of total revenue. Marine and dredging revenue rose 10.8 per cent to AED 14.1 billion, while hospitality and leisure saw a 72 per cent jump to AED 4.9 billion. Financial services revenue increased by 21.4 per cent to AED 1.8 billion, and energy rose 161.3 per cent year-on-year to AED 0.4 billion. Earnings per share climbed to AED 2.49 and return on equity stood at 10.8 per cent. Total assets reached AED 436.9 billion as of 30 June 2025, up from AED 401.8 billion at the end of 2024. 'As we shape the industries of tomorrow, we continue to connect innovative businesses with long-term capital and operational excellence, ensuring that our platform remains built for scalable and sustainable global relevance. IHC remains committed to being a catalyst for economic transformation and delivering enduring value to our shareholders and stakeholders,' Shueb added. IHC launched several major initiatives in H1 2025: RIQ: A next-generation reinsurance platform developed with BlackRock and Lunate, based in ADGM and backed by over USD 1 billion in equity. Gridora: A national infrastructure platform formed with ADQ and Modon to drive large-scale project delivery. Dirham-Backed Stablecoin: A digital payments initiative launched with ADQ and First Abu Dhabi Bank (FAB). World Economic Forum: IHC led a major delegation to Davos 2025, engaging in global dialogue and forging new partnerships. IHC expands globally with strategic acquisitions The company also expanded its global footprint: Multiply Group acquired a 67.91 per cent stake in European fashion retailer Tendam. IHC acquired a 69.33 per cent stake in Reem Finance, bolstering its financial services vertical. eFunder was rebranded as Zelo, a UAE-focused SME invoice financing platform. Modon Holding entered the UK real estate market through a joint venture in 2 Finsbury Avenue. Al Ain Farms acquired Al Jazira Poultry Farm for AED 255 million. Aldar expanded logistics operations via the acquisition of ALMARKAZ assets from Waha Capital for AED 530 million. NMDC Group acquired 70 per cent of oilfield services firm Emdad, diversifying into OPEX-based revenues. Esyasoft acquired UK-based Good Energy for AED 453 million, strengthening its renewable and EV tech position. PureHealth completed a USD 2.3 billion deal to acquire a 60 per cent stake in Hellenic Healthcare Group in Greece. The group aims to continue deploying capital through long-term strategic partnerships and scale its operations across priority sectors.
The National
an hour ago
- The National
When is the next public holiday in the UAE?
While the Eid Al Adha and Eid Al Fitr breaks are now behind us there are still more public holidays coming up before the end of the calendar year. The next holiday is the Prophet Mohammed's birthday, which is expected to be marked in the UAE on Thursday, September 4. The Prophet Mohammed's birthday is usually celebrated as a holiday for both the public and private sectors. While no official announcement has yet been made, this year is expected to be no different. However, that is not the end of 2025 public holidays in the UAE. Commemoration Day is on Monday, December 1, while National Day celebrations are set for Tuesday, December 2, and Wednesday, December 3. National Day, also known as Eid Al Etihad, marks the anniversary of the founding of the UAE on December 2, 1971, when six of today's seven emirates united to form one country. Ras Al Khaimah joined in February 1972. There will be festivities held across the nation from cultural celebrations and concerts to spectacular parades and fireworks. Malls across the nation will be decked out in National Day colours and themes, with discounts on offer to mark the occasion. Under a UAE Cabinet resolution, every year the public and private sectors receive two days off to mark National Day.
