MUSCAT: Oman Telecommunications Company SAOG (Omantel) has reported strong unaudited financial results for the year ended 31 December 2025, with Group net profit rising 87.7 per cent to RO 371.0 million, compared with RO 197.7 million in 2024.
The significant increase in profitability was driven by improved EBITDA performance across operations and the accounting impact of applying IAS 29 — Financial Reporting in Hyperinflationary Economies — to its Sudanese subsidiary.
Group revenue increased 11.4 per cent year-on-year to RO 3,413.1 million, up from RO 3,062.7 million in 2024. EBITDA rose 10.6 per cent to RO 1,155.4 million, maintaining a strong margin of 33.9 per cent.
Net profit attributable to shareholders of the parent company grew 63.1 per cent to RO 88.4 million, up from RO 54.2 million. Non-controlling interests accounted for RO 282.6 million of total profit.
The implementation of IAS 29 had a positive impact on 2025 results. The adjustment increased reported revenue by RO 45.9 million, EBITDA by RO 25.7 million and net profit by RO 19.2 million. Net income attributable to shareholders rose by RO 4.2 million as a result.
The accounting standard also required a restatement of 2024 comparatives, reducing previously reported 2024 Group net profit by RO 109.1 million to RO 197.7 million, largely due to impairment losses on assets.
Domestically, Omantel delivered solid growth. Revenues from domestic operations rose 8.6 per cent to RO 676.1 million, supported by an increase of RO 36.7 million in telecom revenues. Fixed revenues grew 4.2 per cent, device revenues jumped 20.5 per cent and wholesale revenues increased 10.4 per cent.
Progress continued under the company’s TechCo strategy, with Smart Solutions revenues rising by RO 6.7 million and hosting and cloud services increasing by RO 9.5 million, reflecting further revenue diversification.
Domestic EBITDA reached RO 180.4 million, broadly in line with RO 180.3 million in 2024. The prior-year figure, however, included a one-off gain of RO 13.2 million related to the settlement of a legacy financial claim. Excluding that item, domestic EBITDA improved by RO 13.3 million year-on-year, supported by stronger revenues and lower impairment provisions.
Reported domestic profit stood at RO 95.4 million in 2025, compared with RO 69.4 million in 2024. This included an additional interim dividend of RO 29.8 million declared by Zain Group in November 2025 in place of a final dividend payable in April 2026.
Excluding the additional dividend, normalised domestic profit was RO 65.6 million, slightly below the RO 69.4 million recorded in 2024, reflecting higher depreciation and amortisation linked to increased investment in telecom infrastructure and TechCo initiatives.
At the Group level, Zain remained a key contributor, reporting revenues of RO 2,856.02 million in 2025, up from RO 2,499.4 million in 2024. EBITDA reached RO 974.9 million, while net profit climbed to RO 354.7 million.
