Beyon, a leading telecommunication company and digital enabler in Bahrain, today (July 30) reported a 7% increase in the second-quarter net profit attributable to shareholders, supported by higher revenue and operational efficiencies, while declaring an interim cash dividend of 13.5 fils per share.
Announcing the results for the three-month period ended June 30, 2026, the net profit attributable to shareholders rose to BD18.3 million ($48.5 million) from BD17.2 million a year earlier. Earnings per share increased to 11.1 fils from 10.4 fils, the company said in a statement.
Quarterly revenue was broadly flat at BD125.8 million ($331 million) compared with BD125.3 million in the corresponding period last year. Operating profit increased 4% to BD29.5 million, while EBITDA rose 5% to BD49.4 millions, with an EBITDA margin of 39%.
For the first six months of 2026, net profit attributable to shareholders fell 5% to BD33.6 million from BD35.3 million a year earlier, which the company attributed to the impact of regional geopolitical developments, particularly during the first quarter.
First-half revenue edged up 1% to BD244.8 million from BD242.8 million driven by growth in international operations and digital services. International operations accounted for 57% of group revenue, up from 55% a year earlier.
Operating profit for the six-month period declined 2% to 53.2 million dinars, while EBITDA remained broadly unchanged at 92.4 million dinars, with an EBITDA margin of 38%.
The board approved an interim cash dividend of 13.5 fils per share, unchanged from the interim dividend paid a year earlier.
As of June 30, Beyon reported total assets of 1.29 billion dinars, total equity attributable to shareholders of 569.6 million dinars, and cash and bank balances of 121.1 million dinars.
On the solid performance, Beyon Chairman Shaikh Abdulla bin Khalifa Al Khalifa said: "While the ongoing geopolitical situation in the region continues to impact our operations in Bahrain, the Group delivered a strong second quarter performance, supported by the continued growth of our international operations, which now contribute an increasing share of Group revenues. This reflects the success of Beyon's long-term strategy to diversify its business, expand its international presence and build multiple drivers of sustainable growth."
Shaikh Abdulla pointed out that the Board approved an interim cash dividend of 13.5 fils per share, in line with the dividend paid in 2025. This reflects our confidence in Beyon’s financial position and our continued focus on disciplined cost allocation while delivering sustainable returns for shareholders," he added.
"The Board remains focused on strong governance and strategic oversight as Beyon continues to execute its long-term vision. Through strategic investment, regional expansion and continued innovation, we will continue to focus on delivering sustainable long-term returns for our shareholders while contributing to the Kingdom's digital transformation agenda," he stated.
On the second quarter, Beyon Group CEO Andrew Kvaalseth said: "Our second quarter performance reflects the strength of our execution, with higher profitability driven by continued operational efficiencies alongside steady growth across our core revenue streams, particularly in international operations and digital services."
"This reflects the successful execution of our growth strategy and the increasing scale and maturity of our operations across regional markets, while EBITDA increased and margins remained healthy, demonstrating the resilience of our diversified business," stated Kvaalseth.
“Across the Group, we continued to advance our strategy by enabling enhanced connectivity solutions, accelerating digital innovation and embedding AI-enabled capabilities. These investments reinforce our competitive position, improve customer experience, and create new opportunities for sustainable revenue growth across both our connectivity and digital portfolios,” he added.-TradeArabia News Service
