Muscat – Omantel Group has announced a 46.2% jump in net profit to RO161.1mn for the first half of 2025, compared with RO110.2mn in the same period of 2024. The strong performance was attributed to robust EBITDA growth across all operations and higher investment income, according to the company’s financial results submitted to the Muscat Stock Exchange.
Net profit attributable to shareholders rose 25.5% year-on-year to RO34.9mn, up from RO27.8mn.
Revenue Growth Across Markets
Group revenue for H1 2025 climbed 9.5% to RO1.609bn, versus RO1.469bn in H1 2024. Of this, Zain Group revenues contributed RO1.341bn. Revenue growth was broad-based, with notable increases in:
- Oman: +8%
- Sudan: +97%
- Iraq: +16%
- Bahrain: +7%
- Jordan: +7%
- Saudi Arabia: +5%
Omantel said the sector’s momentum was driven by demand for smart solutions, cloud services, and AI-powered offerings, with telecom operators diversifying to meet evolving market needs.
Total group expenses, including depreciation, rose 7.7% to RO1.372bn from RO1.273bn a year earlier.
Domestic Performance
Omantel’s domestic revenue increased 8% to RO321.3mn, mainly on the back of:
- Telco revenue growth: +RO14.3mn
- Fixed revenues: +RO2.4mn
- Device revenues: +RO6.1mn
- Wholesale revenues: +RO5.8mn
- Smart solutions: +RO6.3mn
- Hosting and cloud services: +RO2.6mn
Domestic EBITDA rose by RO2.7mn, supported by stronger margins and a reduction in mobile royalty rates from 12% to 10%.
However, net profit attributable to domestic shareholders fell to RO34.7mn from RO38.9mn in H1 2024, due to higher depreciation costs (+RO5.4mn) linked to expanded network investments and digital channel upgrades under the company’s TechCo strategy.
Subscriber Base and Market Share
- Domestic mobile subscriber base: 3.8mn (up from 3.1mn in H1 2024), driven by post-paid and M2M SIM growth.
- Domestic mobile market share (excl. resellers): 40.3%.
- Fixed broadband market share: 54.6%.
Omantel reaffirmed its focus on scaling digital services, investing in next-gen infrastructure, and reinforcing its position as a regional telecom and technology leader.
