Ooredoo Group has reported robust financial results for the first nine months of 2025, posting a 6% rise in net profit to QR3.1 billion, driven by consistent growth across key markets and major investments in digital infrastructure.
Group revenue reached QR18.2 billion, up 3% year-on-year (5% excluding the impact of Myanmar’s exit), while EBITDA grew 4% to QR8 billion, maintaining a healthy 44% margin. Capital expenditure surged 46% to QR2.8 billion as Ooredoo accelerated investments in networks and data centres. Free cash flow slipped 11% to QR5.1 billion due to higher spending. The Group now serves 52.9 million customers, or 147.5 million including its Indosat Ooredoo Hutchison (IOH) joint venture.
Chairman Sheikh Faisal Bin Thani Al Thani attributed the strong results to “focused strategy, disciplined execution, and strategic investments,” noting continued improvement in customer satisfaction and operational performance. Reflecting its strong financial health, Ooredoo has revised its dividend policy, increasing its target payout range to 50–70% of normalized net profit, up from 40–60%.
Group CEO Aziz Aluthman Fakhroo highlighted solid performance across Algeria, Iraq, Tunisia, Kuwait, and Qatar, adding that Ooredoo remains on track to meet its full-year guidance. “Our strong financial position allows us to reward shareholders today while investing in the growth of Ooredoo tomorrow,” he said.
The Group continues to advance several strategic initiatives:
- Its regional tower venture with Zain Group and TASC Towers Holding, consolidating around 30,000 towers across six countries, awaits final regulatory approval.
- Syntys, Ooredoo’s data centre spin-off launched earlier this year, operates AI-ready, carrier-neutral facilities in Qatar, Tunisia, and Kuwait, backed by a $1 billion investment to expand capacity to 120MW. U.S. firm Iron Mountain recently took a minority stake.
- In Oman, the new Salalah Data Centre, a Tier 3 facility, enhances regional connectivity between Asia, Europe, and Africa.
- Ooredoo Financial Technology International (OFTI) processed over $6 billion in transactions in Qatar and is preparing launches in Tunisia and Iraq, along with a new PayPal partnership in the Maldives.
Operationally, Ooredoo Algeria led growth with revenue up 16% and EBITDA up 23%, followed by Asiacell Iraq (revenue +8%), Ooredoo Tunisia (+11%), and Ooredoo Kuwait (+4% revenue, +27% EBITDA). Ooredoo Qatar maintained steady growth with strong margins.
The Group’s balance sheet remains strong, with a net-debt-to-EBITDA ratio of 0.6x and QR15.7 billion in cash reserves. Ooredoo expects full-year revenue growth of 2–3% and an EBITDA margin in the low 40% range, underscoring its capacity to sustain growth and deliver long-term shareholder value.
