Slide 1: Ooredoo Group Results Presentation
31 July 2025 OOREDOO GROUP RESULTS PRESENTATION For the six-month period ended 30 June 2025
Slide 2: Disclaimer
Disclaimer • Ooredoo (parent company Ooredoo Q.P.S.C.) and the group of companies which it forms part of (“Ooredoo Group”) cautions investors that certain statements contained in this document state Ooredoo Group management's intentions, hopes, beliefs, expectations, or predictions of the future and
Slide 3: Presenters
Presenters Strategic and Operations results review review Aziz Aluthman Fakhroo Abdulla Ahmed Al-Zaman Group CEO Group CFO | 1 August 2025 |
Slide 4: Overview of H1 2025
Overview of H1 2025 Delivering strong progress and tangible results in H1 2025 Double digit growth in Algeria Executional strength | Strong performance in high growth markets High-single digit growth in Iraq and Tunisia Net profit growth of 4% YoY Building sustainable value through profitability Soi
Slide 5: Strategy update
01 Strategy update Aziz Aluthman Fakhroo | Group CEO | |
Slide 6: Syntys
Syntys Accelerating the development of AI-ready, hyperscale data centres across the MENA region Medium/Long term targets: Data center • USD 1 Billion planned investment Active # of countries with IT capacity 13 1 under 3 19 data centers construction Syntys presence (MW) • Initial funding of ~USD 500
Slide 7: Fintech
Fintech Continues to advance financial inclusion through mobile-led solutions | Significant market share in international remittances Long term H1 2025 Markets ` ambition Operating in 3 markets QAR 43.9 million QAR 17.7 million Qatar Oman Maldives ~ 3 – 4 million Revenue Capex to enter • Tunisia: AI
Slide 8: Results review
02 Results review Aziz Aluthman Fakhroo | Group CEO | |
Slide 9: Group H1 2025 YoY highlights
Group H1 2025 YoY highlights Sustaining a positive trajectory of solid financial performance Growth Profitability Balance sheet Returns Capex +1% (+4%*) +1% (+3%*) +4pp to 13% Free -11% Revenue EBITDA intensity QAR 11.9 billion QAR 5.1 billion cash flow QAR 3.6 billion Capex QAR 1.5 billion +4% (-2%
Slide 10: Group Q2 2025 YoY highlights
Group Q2 2025 YoY highlights Solid performance for Q2 Growth Profitability Balance sheet Returns Capex +2% (+5%*) +2% (+3%*) +5pp to 16% Free -16% Revenue EBITDA intensity QAR 6.1 billion QAR 2.6 billion cash flow QAR 1.6 billion Capex QAR 1.0 billion +4% (-2%**) EBITDA Flat Net -0.1x Customers 51.9
Slide 11: Revenue
Revenue Driven by sustained operational growth Group revenue Quarterly YoY change QAR mn QAR mn and % Quarterly +1% +2% +130 11,796 11,914 52 2 93 0% 0% -1% -10% 103 14% >100% 5% 0 (8) (10) -100% 6,064 104 8% (72) 5,934 15% (133) H1-24 H1-25 Group Algeria Iraq Qatar Tunisia Kuwait Maldives Oman Pale
Slide 12: EBITDA
EBITDA Healthy EBITDA growth with a resilient EBITDA margin Group EBITDA and margin Quarterly YoY change QAR mn QAR mn and % - Quarterly +1% +2% 5,114 5,145 +39 10 3 35 38 2% 4% -7% -5% 23% -2% 86 16% (3) (14) -100% (17) 2,607 31% (47) -51% 43% 43% 2,568 (51) H1-24 H1-25 Group Algeria Kuwait Tunisia
Slide 13: Net Profit | H1 2025 Reported and Normalised
Net Profit | H1 2025 Reported and Normalised Sustainable net profit growth underpinned by operational strength Net profit attributable to Ooredoo shareholders (QAR mn) Reported Normalised +4% +3% 1,871 1,948 1,861 1,921 H1-24 H1-25 H1-24 H1-25 Net profit now accounts for the impact of Pillar 2 (QAR
Slide 14: Net Profit | Q2 2025 Reported and Normalised
Net Profit | Q2 2025 Reported and Normalised Q2 net profit growth Net profit attributable to Ooredoo shareholders (QAR mn) Reported Normalised +3% +12% 959 988 959 857 Q2-24 Q2-25 Q2-24 Q2-25 Net profit now accounts for the initial impact of Pillar 2 (QAR 53 million), in line with new global minimum
Slide 15: Capex
Capex Investing strategically for long-term growth Group Capex (QAR mn) | Capex / Revenue % H1 2025 (YoY change QAR mn) +49% Iraq 218 Others 135 1,509 Tunisia 89 1,011 Algeria 62 Kuwait 30 Oman 5 13% Maldives -6 9% Palestine -8 H1-24 H1-25 Qatar -26 Capex breakdown per opco Capex breakdown per segme
Slide 16: Free cash flow (FCF: EBITDA – Capex)
Free cash flow (FCF: EBITDA – Capex ) Accelerated capex spend leads to lower FCF Group FCF Quarterly YoY change QAR mn QAR mn -11% -16% -303 4,103 4 3 29 8 3,636 38 1,939 (19) >100% (39) (40) (99) 1,635 (189) H1-24 H1-25 Group Algeria Kuwait Maldives Oman Palestine Qatar Myanmar Tunisia Iraq Others
Slide 17: Customers
Customers Growing customer base through premium network and superior customer service Consolidated customers YoY change mn +4% ‘000 51.9 +4% 49.7 +2,184 163 112 38 16 4 51,864 797 >100% (23) 1,076 49,680 H1-24 H1-25 Group Q2 24 Iraq Algeria Oman Tunisia Kuwait Maldives Palestine Qatar Group Q2 25 Cu
Slide 18: Debt & Liquidity Profile
Debt & Liquidity Profile Strong liquidity position, low leverage and investment-grade rating sustained QAR’mn Repayment schedule Fixed vsvs Fixed Floating Floatingrate ratedebt debt portion portion Summary 1,344 • Net Debt/EBITDA ratio of 0.7x, below current Board guidance 5,491 9% of 1.5x to 2.5x 1
Slide 19: H1 2025 Actual vs FY 2025 Guidance
H1 2025 Actual vs FY 2025 Guidance On track to meet guidance Actual H1 2025 Change YoY (%) FY 2025 Guidance Actual Q1 2025 +1% Revenue QAR 11.9 billion 2% – 3% +4% excluding impact of Myanmar EBITDA margin 43% Flat Low 40%’s Capex QAR 1.5 billion +49% QAR 4.5 – 5.0 billion || | | 19
Slide 20: Operations review
03 Operations review Abdulla Ahmed Al-Zaman | Group CFO | |
Slide 21: Qatar
Qatar Robust financial performance; holding premium position in the market H1 2025 Quarterly Trend (QAR mn, % YoY) (QAR mn) +5% +93 3,608 1,864 52% 163 1,856 1,763 1,848 1,751 1,697 1% -2% -1pp -14% EBITDA 54% 53% 53% 50% Revenue EBITDA Capex 48% margin 952 904 879 928 935 Q2-24 Q3-24 Q4-24 Q1-25 Q2
Slide 22: Kuwait
Kuwait Maintained growth momentum with service revenue uplift, strong margin expansion, and ongoing customer acquisition H1 2025 Quarterly Trend (QAR mn, % YoY) (KWD mn) 0% 0 1,579 530 34% 120 68 68 68 64 65 1% 31% 8pp 34% EBITDA Revenue EBITDA Capex 34% 33% margin 29% 27% 29% 20 17 20 22 23 Q2-24 Q
Slide 23: Oman
Oman Advancing 5G initiatives and maintaining strong cost discipline despite market headwinds H1 2025 Quarterly Trend (QAR mn, % YoY) (OMR mn) -1% -1 1,170 521 45% 184 62 62 63 62 62 -2% -6% -2pp 3% EBITDA 47% 46% 44% 44% 45% Revenue EBITDA Capex margin 29 28 27 27 28 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 R
Slide 24: Iraq
Iraq Strong growth momentum driven by customer acquisition gains and healthy data segment performance H1 2025 Quarterly Trend (QAR mn, % YoY) (IQD bn) +8% +37 493 477 475 500 2,691 1,216 45% 412 463 8% 3% -2pp 112% 48% 48% 45% 45% EBITDA 42% Revenue EBITDA Capex margin 223 235 199 214 227 Q2-24 Q3-2
Slide 25: Algeria
Algeria Continued double-digit revenue and EBITDA growth | Secured 5G licence H1 2025 Quarterly Trend (QAR mn, % YoY) (DZD mn) +13% +3,272 27,597 27,270 27,482 28,543 1,531 681 45% 237 25,271 14% 21% 3pp 35% EBITDA 41% 46% 42% 46% Revenue EBITDA Capex 39% margin 10,348 12,646 10,716 11,678 13,255 Q2
Slide 26: Tunisia
Tunisia Sustained healthy growth in revenue and EBITDA, driven by network investments in mobile and fixed H1 2025 Quarterly Trend (QAR mn, % YoY) (TND mn) +9% +28 347 345 347 793 331 42% 213 319 321 9% 12% 1pp 71% 41% 42% 43% 44% EBITDA 39% Revenue EBITDA Capex margin 132 146 148 124 154 Q2-24 Q3-24
Slide 27: Maldives
Maldives Sustained strong EBITDA margin underpinned by disciplined cost control H1 2025 Quarterly Trend (QAR mn, % YoY) (MVR mn) 0% -1 256 142 55% 5 541 544 564 547 539 -1% 3% 2pp -54% EBITDA 54% 54% 57% 55% 56% Revenue EBITDA Capex margin 290 292 324 298 303 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Revenue EB
Slide 28: Palestine
Palestine Delivering leading customer experience while effectively managing costs amid extremely challenging conditions H1 2025 Quarterly Trend (QAR mn, % YoY) (USD mn) -10% -3 28 28 27 185 73 40% 9 26 25 -7% -6% - -50% 40% 38% 38% 42% EBITDA Revenue EBITDA Capex 31% margin 11 10 10 10 8 Q2-24 Q3-24
Slide 29: IOH
IOH Impacted by increasing competition in the market, QoQ EBITDA performance trending positively Revenue (IDR tn) EBITDA (IDR tn) & margin -3% -4% 28.0 27.1 13.4 12.8 47.7% 47.4% H1-24 H1-25 H1-24 H1-25 Net Profit (IDR tn) Customers (mn) -15% -5% 2.9 100.9 95.4 2.5 H1-24 H1-25 H1-24 H1-25 Share in N
Slide 30: Appendices
04 Appendices | |
Slide 31: KPIs Technology: H1 2025
KPIs Technology: H1 2025 4G Sites as % of 4G Population 5G Population Total Data Volume 4G Contribution in 5G Contribution in Data Volume Country Total Sites total towers Coverage % coverage % GB total traffic % total traffic % Grow YoY % Algeria 9,233 99.97% 94.50% 957,945,506 96.25% 22.46% Iraq 8,
Slide 32: KPIs Commercial: H1 2025
KPIs Commercial: H1 2025 Number of MyOoredoo Post paid as Churn Churn Data users Digital complaints Country NPS App users RMS (*) % of total Mobile Fixed (‘000) recharge per 1000 (‘000) subs subs Algeria 4% - 39 10,160 1,377 97% 50% 1 10% Iraq 8% 46 11,483 4,428 60% 56% 2 2% Kuwait 2% 2% 49 2,145 1,
Slide 33: Blended ARPU
Blended ARPU Qatar (QAR) Iraq (QAR) Oman (QAR) Maldives (QAR) 101 102 102 101 103 22.8 23.4 22.6 22.7 40.2 41.2 38.5 70.3 68.3 69.7 21.6 38.1 36.3 64.1 63.4 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Palestine (QAR) Kuwait
Slide 34: Opcos general licence information
Opcos general licence information Fixed Licence Mobile Licence Country Issuance date Expiry date Issuance date Expiry date Qatar* 7 October 2007 6 October 2032 7 October 2007 6 October 2027 13 October 1997 Indefinite Kuwait** 29 January 2011 Indefinite 5G: 9 June 2017 Indefinite Iraq -- -- 30 August
Slide 35: Statutory corporate income tax (CIT) rates
Statutory corporate income tax (CIT) rates Statutory Losses Carry Forward Country Comments CIT rate Allowed . No CIT is levied on a corporate entity that is wholly owned by Qatari nationals and GCC nationals that are resident in Qatar and companies listed on Qatar Stock Exchange. Listed companies ar
Slide 36: Thank You
THANK YOU @OoredooIR • IR@ooredoo.com • www.ooredoo.com Download our IR app | |