Financial Highlights:
- Revenue: QAR 11.9 billion (+4% YoY excluding Myanmar exit)
- EBITDA: QAR 5.1 billion (+3% YoY excluding Myanmar exit), margin stable at 43%
- Net Profit: QAR 1.9 billion (+4% YoY)
- CAPEX: QAR 1.5 billion (+49% YoY), focused on network and infrastructure investments
- Free Cash Flow: QAR 3.6 billion (-11% YoY) due to accelerated network rollouts
- Customer Base: 147.2 million (including IOH), +4% YoY
Strategic Initiatives:
- TowerCo: Joint venture with Zain Group and TASC Towers to create MENA’s largest independent tower company with ~30,000 towers.
- Data Centres (Syntys): Expansion of AI-ready hyperscale data centres across MENA with 13 sites operational or under construction, supported by strategic partnership with Iron Mountain.
- Fintech (OFTI): Mobile-led financial inclusion services scaling in Qatar, Oman, Maldives; ongoing market entries in Tunisia, Iraq, Kuwait; partnerships with global financial brands.
- Subsea Cable & Fibre: FIG project connecting GCC countries with Europe, offering 720 Tbps capacity, expanding Ooredoo’s data corridor presence.
Regional Business Highlights:
Middle East:
- Ooredoo Qatar: Revenue up 1% YoY to QAR 3.6 billion; EBITDA margin at 52%; launched sovereign AI cloud services powered by NVIDIA GPUs.
- Ooredoo Kuwait: Revenue QAR 1.58 billion (+1% YoY); EBITDA grew 31% YoY to QAR 530 million with margin expanding to 34%; customer base increased 1%.
- Ooredoo Oman: Revenue declined 2% to QAR 1.17 billion; EBITDA down 6% to QAR 521 million; customer base grew 6%.
- Asiacell (Iraq): Revenue up 8% to QAR 2.69 billion; EBITDA +3% to QAR 1.22 billion; customer base 19.4 million (+6%).
North Africa:
- Ooredoo Algeria: Revenue +14% to QAR 1.53 billion; EBITDA +21% to QAR 681 million; customer base 14.5 million (+6%); secured 5G license post-period.
- Ooredoo Tunisia: Revenue +9% to QAR 793 million; EBITDA +12% to QAR 331 million; customer base 7 million (+2%); launched 5G services.
Asia:
- Indosat Ooredoo Hutchison (IOH): Revenue down 3%; EBITDA down 4%; strong EBITDA margin at 47%; improving QoQ.
- Ooredoo Maldives: Revenue down 1% to QAR 256 million; EBITDA up 3% to QAR 142 million; margin expanded to 55%; customer base grew 4%.
Executive Comments:
- HE Sheikh Faisal Bin Thani Al Thani (Chairman) emphasized steady growth, strong business strategy, infrastructure investments, and commitment to becoming MENA’s leading digital infrastructure provider.
- Aziz Aluthman Fakhroo (CEO) highlighted successful launch of data centre platform Syntys, fintech growth, and NVIDIA partnership for AI cloud services as key milestones driving sustainable profitability and future growth.
Outlook:
Ooredoo targets 2-3% revenue growth for full-year 2025, with EBITDA margin in low 40%s and CAPEX between QAR 4.5 to 5 billion. The Group remains focused on disciplined execution, innovation, and digital transformation across telecom, data infrastructure, fintech, and subsea cable projects.
