31/07/2026 03:15 AST
Beyon yesterday announced its financial results for the second quarter and first half of 2026.
For the second quarter of 2026, Beyon reported net profit attributable to the equity holders of the company of BD18.3m ($48.5m), representing a 7 per cent increase compared to BD17.2m ($45.6m) reported for the corresponding period in 2025.
The increase was primarily driven by higher net revenues and continued operational efficiencies. Earnings per share (EPS) for the quarter stood at 11.1 fils, compared to 10.4 fils in the second quarter of 2025.
Total comprehensive income attributable to equity holders in Q2 2026 was reported at BD20.1m, a 25pc decrease from BD26.7m in the second quarter of 2025, due to foreign currency translation differences and investment fair value changes.
Operating profit for Q2 2026 increased by 4pc to BD29.5m, compared to BD28.5m in the corresponding period of 2025.
EBITDA rose by 5pc to BD49.4m, up from BD46.9m in Q2 2025, with the company maintaining a healthy EBITDA margin of 39pc.
Revenue for the second quarter of 2026 remained stable at BD125.8m, compared to BD125.3m reported in the corresponding period of 2025.
For the first six months of 2026, net profit attributable to the equity holders of the company was BD33.6m ($89.1m), a 5pc decrease from BD35.3m ($93.6m) reported in the corresponding period of 2025.
While the group's financial performance showed improvement over the course of the period, results continued to be impacted by the regional geopolitical situation, particularly in the first quarter of 2026.
Earnings per share (EPS) for the first half of 2026 stood at 20.4 fils, compared to 21.3 fils for the same period in 2025.
Total comprehensive income attributable to equity holders of the company decreased by 19pc from BD38.6m in H1 2025 to BD31.3m in H1 2026 mainly due to foreign currency translation differences.
Operating profit for the first six months of 2026 was BD53.2m, compared to BD54.5m in the corresponding period of 2025, reflecting a 2pc decrease.
EBITDA remained stable at BD92.4m, compared to BD92.3m reported in the first half of 2025. The company maintained a healthy EBITDA margin of 38pc during the period.
Revenue for the first six months of 2026 increased by 1pc to BD244.8m, compared to BD242.8m in the corresponding period of 2025.
The increase was primarily driven by growth in international operations and digital services.
International operations contributed to 57pc of revenues during the period compared to 55pc during the same period last year.
Beyon's balance sheet remains strong with total equity attributable to equity holders of the company of BD569.6m as of June 30, 2026, 1pc lower than BD574.1m reported as of end-2025.
Total assets of BD1,290.9m as of June 30, 2026 are 1pc lower than total assets of BD1,305.5m as of end-2025.
Net assets as of June 30, 2026 which stand at BD631.3m are 1pc lower than BD637.2m reported as of end-2025.
The company reported cash and bank balances of BD121.1m as of June 30, 2026.
The board of directors approved an interim cash dividend of 13.5 fils per share, representing 13.5pc of the company's paid-up capital, for the six-month period ended June 30, 2026.
The dividend is in line with the interim dividend paid in 2025 and reflects the board's continued commitment to delivering sustainable and attractive returns to shareholders.
Beyon chairman Shaikh Abdulla bin Khalifa Al Khalifa commented on the financial results for the second quarter and first six months of 2026 following a meeting of the board of directors yesterday.
"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," he added.
"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.
"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."
Commenting on the second quarter, Beyon Group chief executive 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.
"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.
"Looking ahead, we are confident in our strategic direction and remain focused on disciplined execution. We will continue investing in digital infrastructure, AI, cybersecurity and next-generation connectivity to support Beyon's regional leadership and unlock new opportunities for sustainable long-term growth."
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