M 
Mobile Telecommunications Company KSCP ZAIN.KW · KWD
Communication Services · Wireless Telecommunication Services · Boursa Kuwait · 🇰🇼 Kuwait
580.00
—
Close of 9 Nov 2026, in KWD
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At a glance
Figures in KWD, from our data supplier.
Revenue
KWD 1.97bn
FY2015FY2024
Net income
KWD 207.7m
FY2015FY2024
Free cash flow
KWD 205.9m
FY2015FY2024
Shareholders' equity
KWD 1.23bn
FY2015FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | KWD 1.97bn | KWD 1.91bn | KWD 1.73bn | KWD 1.52bn | KWD 1.62bn | KWD 1.66bn | KWD 1.32bn | KWD 1.03bn | KWD 1.09bn | KWD 1.14bn |
| Gross profit | KWD 1.32bn | KWD 1.29bn | KWD 1.16bn | KWD 1.06bn | KWD 1.18bn | KWD 1.20bn | KWD 942.1m | KWD 738.7m | KWD 821.0m | KWD 877.6m |
| Operating income | KWD 346.6m | KWD 372.9m | KWD 337.7m | KWD 271.5m | KWD 311.3m | KWD 358.7m | KWD 289.0m | KWD 229.1m | KWD 289.0m | KWD 285.8m |
| Net income | KWD 207.7m | KWD 215.5m | KWD 196.0m | KWD 185.7m | KWD 185.2m | KWD 216.9m | KWD 196.5m | KWD 159.8m | KWD 156.7m | KWD 154.3m |
| Diluted earnings per share | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | KWD 5.26bn | KWD 5.00bn | KWD 4.95bn | KWD 4.80bn | KWD 4.91bn | KWD 4.74bn | KWD 4.52bn | KWD 3.03bn | KWD 3.09bn | KWD 3.50bn |
| Cash and short-term investments | — | — | — | — | KWD 402.8m | KWD 305.5m | KWD 327.4m | KWD 245.2m | KWD 209.7m | KWD 361.0m |
| Total liabilities | KWD 3.30bn | KWD 3.04bn | KWD 3.05bn | KWD 2.99bn | KWD 3.60bn | KWD 3.44bn | KWD 3.24bn | KWD 1.58bn | KWD 1.83bn | KWD 1.95bn |
| Debt | KWD 845.7m | KWD 1.14bn | KWD 1.15bn | KWD 899.3m | KWD 1.38bn | KWD 1.59bn | KWD 1.45bn | KWD 870.2m | KWD 1.05bn | KWD 964.9m |
| Shareholders' equity | KWD 1.23bn | KWD 1.25bn | KWD 1.23bn | KWD 1.19bn | KWD 1.32bn | KWD 1.30bn | KWD 1.28bn | KWD 1.45bn | KWD 1.27bn | KWD 1.54bn |
| Shares outstanding | 4,327m | 4,327m | 4,327m | 4,327m | 4,327m | 4,327m | 4,327m | 4,047m | 3,901m | 3,901m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | KWD 419.9m | KWD 547.6m | KWD 490.8m | KWD 411.5m | KWD 618.9m | KWD 651.8m | KWD 491.2m | KWD 251.5m | KWD 199.8m | KWD 439.4m |
| Capital spending | −KWD 213.9m | −KWD 294.0m | −KWD 260.2m | −KWD 346.1m | −KWD 273.5m | −KWD 282.8m | −KWD 173.8m | −KWD 133.7m | −KWD 167.4m | −KWD 217.1m |
| Free cash flow | KWD 205.9m | KWD 253.6m | KWD 230.6m | KWD 65.3m | KWD 345.4m | KWD 369.0m | KWD 317.4m | KWD 117.8m | KWD 32.4m | KWD 222.4m |
| Dividends paid | −KWD 160.6m | −KWD 151.5m | −KWD 141.9m | −KWD 185.5m | −KWD 132.8m | −KWD 129.7m | −KWD 151.0m | −KWD 136.8m | −KWD 117.8m | −KWD 156.0m |
Latest quarters
By quarter end
| Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | KWD 581.6m | KWD 541.5m | KWD 536.2m | KWD 526.5m | KWD 500.6m | KWD 478.7m | KWD 466.1m | KWD 494.1m |
| Gross profit | KWD 376.1m | KWD 359.7m | KWD 348.1m | KWD 347.6m | KWD 341.9m | KWD 321.7m | KWD 311.9m | KWD 328.1m |
| Operating income | KWD 109.3m | KWD 100.8m | KWD 83.5m | KWD 103.0m | KWD 94.1m | KWD 85.6m | KWD 63.9m | KWD 75.2m |
| Net income | KWD 57.0m | KWD 72.7m | KWD 48.5m | KWD 72.2m | KWD 54.1m | KWD 52.2m | KWD 29.2m | KWD 43.3m |
| Diluted earnings per share | 0.01 | 0.02 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 |
| Cash from operations | — | — | KWD 116.0m | KWD 129.0m | KWD 119.0m | KWD 74.0m | KWD 97.0m | — |
| Capital spending | — | — | −KWD 76.0m | −KWD 76.0m | — | −KWD 90.0m | −KWD 63.0m | — |
| Free cash flow | — | — | KWD 40.0m | KWD 53.0m | — | −KWD 16.0m | KWD 34.0m | — |
| Total assets | KWD 5.50bn | KWD 5.41bn | KWD 5.43bn | KWD 5.26bn | KWD 4.94bn | KWD 4.93bn | KWD 4.91bn | KWD 5.00bn |
| Cash and short-term investments | KWD 317.7m | KWD 292.2m | — | — | — | — | — | KWD 348.7m |
| Debt | KWD 1.82bn | KWD 1.40bn | KWD 1.08bn | KWD 845.7m | KWD 890.7m | KWD 1.24bn | KWD 1.10bn | KWD 1.47bn |
| Shareholders' equity | KWD 1.23bn | KWD 1.23bn | KWD 1.28bn | KWD 1.23bn | KWD 1.15bn | KWD 1.15bn | KWD 1.24bn | KWD 1.25bn |
Financial ratios
Data as of 28 Oct 2026
| FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|
| Gross margin | 67.1% | 67.7% | 67.3% | 69.6% |
| Operating margin | 17.6% | 19.5% | 19.5% | 17.9% |
| Net margin | 10.5% | 11.3% | 11.3% | 12.2% |
| Return on equity | 16.9% | 17.3% | 15.9% | 15.6% |
| Return on assets | 3.9% | 4.3% | 4.0% | 3.9% |
| Revenue growth | 3.3% | 10.5% | 13.9% | — |
| Earnings growth | -3.6% | 10.0% | 5.5% | — |
| Current ratio | 0.80x | 1.01x | 1.04x | 0.72x |
| Debt to equity | 0.69x | 0.92x | 0.94x | 0.76x |
| Equity ratio | 23.3% | 24.9% | 24.8% | 24.8% |
| Interest coverage | 2.85x | 3.00x | 4.87x | 3.98x |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 9.1% | 3.5% | 5.0% |
| Operating income | 8.5% | -0.7% | 0.3% |
| Net income | 3.8% | -0.9% | 0.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 67.4% | 67.8% | 69.3% | 70.8% |
| Operating margin | 18.5% | 18.6% | 19.2% | 21.2% |
| Net margin | 10.9% | 11.3% | 11.6% | 12.8% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 9.8 | 10.2 | 12.4 | 13.9 | 14.2 | 12.0 | 9.9 | 11.0 | 10.2 | 8.8 |
| Price to sales | 1.0 | 1.1 | 1.4 | 1.7 | 1.6 | 1.6 | 1.5 | 1.7 | 1.5 | 1.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 25 years. Last went ex-dividend on 29 Sept 2026.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.06 | 0.035 | 0.035 | 0.033 | 0.043 | 0.033 | 0.03 | 0.035 |
- 2-to-1 reverse split · 11 Mar 2008
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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