Manama: Beyon BSC announced its financial results for the first quarter of 2026, reporting net profit attributable to equity holders of BHD 15.3 million, down 15% from BHD 18.1 million in the same period of 2025.
According to Bahrain News Agency, the decline was mainly due to one-off income recorded in the first quarter of 2025 that did not recur, in addition to the impact of the current geopolitical situation on operations in the Kingdom of Bahrain, the Hashemite Kingdom of Jordan, and the Maldives. Earnings per share stood at 9.2 fils, compared with 10.9 fils in the first quarter of 2025.
Total comprehensive income attributable to equity holders reached BHD 11.2 million, down 5% from BHD 11.8 million, mainly due to foreign currency translation differences, while operating profit declined by 9% to BHD 23.6 million. EBITDA fell by 5% to BHD 43.0 million, with a margin of 36%.
Revenues increased by 1% to BHD 119.0 million, supported by growth in digital services and international operations. As of March 31, 2026, total equity attributable to shareholders stood at BHD 549.8 million, down 4% compared with December 31, 2025, while total assets increased by 1% to BHD 1,316.6 million. Net assets declined by 3% to BHD 615.5 million, and cash and bank balances stood at BHD 145.5 million.
Chairman Shaikh Abdulla bin Khalifa Al Khalifa stated that the telecommunications and information technology sector in the Kingdom of Bahrain continues to benefit from strong support, providing a foundation for stability and growth. He noted that the company maintained revenue growth during the quarter and continued to focus on operational efficiency and strategic execution.
Chief Executive Officer Andrew Kvaalseth said the quarter reflected a more challenging operating environment but noted that the company's fundamentals remain strong, supported by continued strategy execution and growth in digital services and international operations.