Below are the financial statements of Zain, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of KWD | 2024 | 2023 |
|---|---|---|
| Continuing operations | — | — |
| Revenue | 1,971.92a | 1,908.94a |
| Cost of sales | -648.78a | -617.42a |
| Operating and administrative expenses | -584.03a | -553.43a |
| Expected credit loss on financial assets (ECL) | -49.99a | -33.29a |
| Depreciation, amortization and impairment | -351.17a | -345.39a |
| Interest income | 8.06a | 14.05a |
| Investment income | 8.32a | 11.06a |
| Share of results of associates and joint venture | 2.74a | 1.17a |
| Other income / (expenses) | 5.18a | -20a |
| Gain on sale and lease back transaction | 1.73a | 84.21a |
| Gain on business combination | 23.46a | 0a |
| Finance costs | -125.72a | -126.87a |
| Foreign exchange gain | 11.67a | 6.04a |
| Gain from disposal of a subsidiary | 0a | 2.71a |
| Net monetary gain | 1.61a | 0a |
| Profit before contribution to KFAS, NLST, ZAKAT, income taxes and Board of directors’ remuneration | 274.99a | 331.79a |
| Contribution to Kuwait foundation for advancement of sciences (KFAS) | -2.15a | -2.23a |
| National labour support tax (NLST) and zakat | -3.53a | -15.1a |
| Income tax expenses | -18.52a | -23.19a |
| Board of directors’ remuneration | -0.54a | -0.48a |
| Profit for the year from continuing operations | 250.25a | 290.79a |
| Discontinued operations | — | — |
| Profit for the year from discontinued operations | 0.71a | 0a |
| Profit for the year | 250.96a | 290.79a |
| Profit attributable to: | — | — |
| Owners of the company | 207.69a | 215.47a |
| Non-controlling interests | 43.27a | 75.31a |
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