Manama, Bahrain: Beyon BSC (Ticker: BEYON), announced its financial results for the third quarter and the nine-month period ended 30 September 2026.
For the third quarter of 2026, net profit attributable to the equity holders of the Company increased by 2% to BD17.0M (US$45.1M), compared with BD16.7M (US$44.3M) in Q3 2025. Earnings per share (EPS) for the quarter are 10.3 fils, compared to 10.1 fils in the third quarter of 2025.
Total comprehensive income attributable to equity holders in Q3 2026 was BD13.2M (US$35.0M), a 35% decrease from BD20.3M (US$53.8M) in Q3 2025. The decrease was mainly due to changes in the fair value of investments.
Operating profit in Q3 2026 increased by 7% to BD27.2M (US$72.1M), from BD25.5M (US$67.6M) in Q3 2025. EBITDA rose by 2% to BD46.9M (US$124.4M), up from BD45.8M (US$121.5M) in Q3 2025, with the company maintaining a healthy EBITDA margin of 37%.
Revenue for the third quarter of 2026 increased by 4% to BD128.1M (US$339.8M), compared to BD123.4M (US$327.3M) reported in the corresponding period of 2025.
For the first nine months of 2026, net profit attributable to the equity holders of the Company was BD50.6M (US$134.2M), a 3% decrease from BD52.0M (US$137.9M) reported in the corresponding period of 2025. While performance improved over the course of the period, the financial results reflect the impact of the regional geopolitical situation, particularly in the first quarter of 2026. Earnings per share (EPS) are 30.6 fils for the period compared to 31.4 fils in 2025.
Total comprehensive income attributable to equity holders of the company decreased by 24% during the period from BD58.8M (US$156.0M) in 2025 to BD44.5M (US$118.0M) in 2026 mainly due to foreign currency translation differences and investment fair value changes.
Operating profit for the first nine months of 2026 was BD80.3M (US$213.0M), compared to BD79.9M (US$211.9M) in the corresponding period of 2025, reflecting a 1% increase. Similarly, EBITDA increased by 1% to BD139.3M (US$369.5M), compared to BD138.1M (US$366.3M) reported in 2025. The Company maintained a healthy EBITDA margin of 37% during the period.
Revenue for the first nine months of 2026 increased by 2% to BD372.8M (US$988.9M), compared to BD366.3M (US$971.6M) in 2025. The increase was primarily driven by growth in international operations and digital services. International operations contributed to 56% of revenues during the period.
Beyon’s balance sheet remains strong with total equity attributable to equity holders of the company of BD561.0M (US$1,488.1M) as of 30 September 2026, 2% lower than BD574.1M (US$1,522.8M) reported as of 31 December 2025. Total assets of BD1,288.9M (US$3,418.8M) as of 30 September 2026 are 1% lower than total assets of BD1,305.5M (US$3,462.9M) as of 31 December 2025. Net assets as of 30 September 2026 which stand at BD623.9M (US$1,654.9M) are 2% lower than BD637.2M (US$1,690.2M) reported as of 31 December 2025. The Company reported cash and bank balances of BD127.1M (US$337.1M) as of 30 September 2026.
Beyon Chairman H.E. Shaikh Abdulla bin Khalifa Al Khalifa commented on the financial results for the third quarter and first nine months of 2026 following a meeting of the Board of Directors.
“The Group delivered an improved performance in the third quarter, with growth in revenue, EBITDA and net profit reflecting positive momentum across the business. For the first nine months, revenue and EBITDA growth demonstrate the underlying strength and resilience of our operations and the strength of Beyon’s diversified business model.”
“While our nine-month net profit continues to reflect the impact of the regional geopolitical situation, particularly during the first quarter, performance has strengthened as the year has progressed. Our diversified business model and solid financial position reinforce our confidence in Beyon’s long-term outlook. We remain focused on maintaining financial discipline, investing in areas with strong growth potential, and delivering sustainable long-term value for our shareholders.”
Beyon Group CEO Andrew Kvaalseth, stated, “Our third quarter performance reflects continued operational momentum across the Group, with improved profitability and growth in our international operations and digital businesses reinforcing the benefits of the portfolio we have built. We remain focused on strengthening operational performance across our core businesses while expanding our digital capabilities and creating new opportunities for growth.”
“During the quarter, we continued to build on the progress of our digital businesses particularly in digital identity, where the growing adoption of eKey 2.0 across Bahrain’s financial services sector is creating opportunities to extend our digital identity capabilities in new markets. More recently, our agreement with barq marked an important step for Beyon Money, creating an opportunity for the business to become part of a larger regional fintech platform while Beyon retains an economic interest in its future growth.”
“As we approach the end of the year, our priorities remain clear: sustaining operational momentum, pursuing strategic investments that support the Group’s long-term growth.”