Kuwait City, Kuwait — National Mobile Telecommunications Company K.S.C.P (Ooredoo) announced solid financial results for the six months ended 30 June 2025, highlighting robust growth driven by operational excellence, strategic partnerships, and digital transformation.
Key Financial Highlights (H1 2025 vs H1 2024)
- Consolidated Revenue: KWD 367 million, up 6% from KWD 346 million
- EBITDA: KWD 148 million, up 19% (14% normalized excluding one-off bad debt provision)
- EBITDA Margin: Improved to 40% (from 36%)
- Net Profit: KWD 42 million, up 65% (38% normalized)
- Earnings Per Share: 83 fils, up from 50 fils
- Customer Base: 26.4 million, a 4% increase
Segment Performance
- Ooredoo Kuwait: Customer base grew 1.3% to 2.9 million; revenue rose 1% to KWD 133 million; EBITDA surged 31% to KWD 45 million (14% normalized YoY growth).
- Ooredoo Tunisia: Customer base increased 2% to 7 million; revenue up 9% to KWD 67 million; EBITDA up 12% to KWD 28 million.
- Ooredoo Algeria: Customer base grew 6% to 14.5 million; revenue rose 14% to KWD 129 million; EBITDA increased 21% to KWD 58 million.
- Ooredoo Palestine: Customer base steady at 1.5 million; revenue and EBITDA declined due to ongoing conflict.
- Ooredoo Maldives: Customer base up 4% to 418,000; revenue KWD 22 million; EBITDA KWD 12 million.
Leadership Commentary
Sheikh Nasser bin Hamad Al Thani, Chairman, expressed confidence in the team’s ability to build on strong results through continued investment in network quality and customer satisfaction. He highlighted the company’s focus on operational efficiency, innovation, and digital transformation as key growth drivers.
Abdulaziz Yaqoub Al-Babtain, CEO, praised the successful launch of the 5G Advanced network and emphasized the importance of strategic partnerships with tech leaders like NVIDIA. He noted the expansion of the Nojoom loyalty program, enhancing customer engagement through daily rewards and a broad partner network. Al-Babtain underscored the company’s commitment to nurturing national talent and fostering an inclusive workplace culture, reflected in multiple prestigious Stevie® Awards.
He concluded by reaffirming Ooredoo’s strategic pillars: exceptional customer experience, national human capital empowerment, innovation acceleration, operational efficiency, and customer-centric decision-making, paving the way for a smarter, more connected future.
