Ooredoo announced robust financial results for the first half of 2025, driven by operational resilience and strategic investments across key markets. Group revenue reached QR11.9 billion, marking a 1% increase on a reported basis and 4% excluding the Myanmar exit. EBITDA stood at QR5.1 billion, up 1% (3% excluding Myanmar), with a steady margin of 43%. Net profit rose 4% year-on-year to QR1.9 billion, reflecting strong core operations and disciplined execution.
Capital expenditure surged to QR1.5 billion, fueled by accelerated network rollouts, causing free cash flow to dip 11% to QR3.6 billion. The customer base expanded to 51.9 million, and including IOH, total customers reached 147.2 million.
Chairman Sheikh Faisal Bin Thani Al Thani highlighted Ooredoo’s solid results, underpinned by a clear strategy, strong infrastructure, and continued strategic investments aimed at becoming the MENA region’s leading digital infrastructure provider.
CEO Aziz Aluthman Fakhroo pointed to strong performances in Kuwait, Algeria, Iraq, Tunisia, and the Maldives. He noted strategic progress including the launch of Syntys, an independent carrier-neutral data center platform, and a partnership with Iron Mountain to boost scalability. Fintech operations expanded notably in Oman and Qatar, with Qatar’s data centers deploying NVIDIA’s latest GPUs for the first time.
Ooredoo’s five-pillar strategy focuses on customer experience, talent empowerment, smart telco innovation, core operation strength, and disciplined portfolio management. Investments span telecom operations, towers, data centers, subsea cables, fiber, and fintech, building a future-proof digital infrastructure.
The TowerCo initiative, in partnership with Zain Group and TASC Towers Holding, is advancing toward creating the region’s largest independent tower company, with ~30,000 towers across six MENA markets. Syntys is growing its AI-ready hyperscale data centers, supported by Iron Mountain’s minority stake. Launching sovereign AI cloud services in Qatar further cements Ooredoo’s digital leadership.
Fintech arm OFTI saw mobile-led financial services grow in Qatar, Oman, and Maldives, processing over $6 billion in transactions and gaining international remittance market share. Expansion continues in Tunisia, Iraq, and Kuwait with regulatory approvals and partnerships with Visa, PayPal, Western Union, and MoneyGram.
Subsea cable infrastructure development includes the FIG project, linking key GCC markets and providing high-capacity, low-latency connectivity between GCC and Europe, reinforcing Ooredoo’s role as a regional hub for global cloud, AI, and data services.
Financially, Ooredoo maintains a healthy balance sheet with a net-debt-to-EBITDA ratio of 0.7x, strong liquidity of QR14.8 billion in cash, and QR5.5 billion in available facilities.
Operational highlights include a premium market position for Ooredoo Qatar with stable revenue and a 52% EBITDA margin; Kuwait’s 31% EBITDA growth driven by service revenue and cost discipline; Iraq’s Asiacell revenue up 8% with 19.4 million customers; Algeria’s 14% revenue growth; while Oman and Palestine face competitive and political-economic challenges.
Ooredoo reaffirmed full-year 2025 guidance: revenue growth of 2–3%, EBITDA margin in the low 40% range, and capital expenditure between QR4.5–5 billion. With a balanced portfolio and clear strategy, Ooredoo is poised to lead digital transformation in MENA, creating long-term value for shareholders, customers, and communities.
