Ooredoo Q.p.s.c · QSE:ORDS
Ooredoo Q.p.s.c — Ooredoo — 9M 2025 Earnings Presentation
38 slides from Ooredoo Q.p.s.c's earnings presentation, Oct 30, 2025
Slide 1: Ooredoo Group Results presentation
OOREDOO GROUP Results presentation For the nine-month period ended 30 September 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 Abdulla Ahmed Al-Zaman Aziz Aluthman Fakhroo Group CFO Group CEO 3 | 30 October 2025 |
Slide 4: Key highlights
Key highlights 1 Strong results reflect strength of balanced portfolio of cash-generative & high-growth markets High-growth markets now contribute 46.9% of Group revenue (from 44.0% in 9M24) 2 Consistent profitability expansion backed by topline growth and operational excellence High single-digit gr
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: Active # of countries with IT capacity MW under • USD 1 Billion planned investment 13 3 20 4.5 data centers Syntys presence (MW) construction • Initial funding of ~USD 550 millio
Slide 7: Fintech
Fintech Continues to advance financial inclusion through mobile-led solutions Long term 9M 2025 Markets ` ambition Operating in 3 markets QAR 65.4 million QAR 29.7 million Qatar Oman Maldives ~ 3 – 4 million Revenue Capex to enter • Tunisia: Following license approval early 2025, now gearing up Acti
Slide 8: Results review
02 Results review Aziz Aluthman Fakhroo | Group CEO | |
Slide 9: Group 9M 2025 YoY highlights
Group 9M 2025 YoY highlights Sustained growth momentum driving strong performance Growth Profitability Balance sheet Returns Capex +3% (+5%*) +4% (+5%*) +5pp to 16% Free -11% Revenue EBITDA intensity QAR 8.0 billion cash flow QAR 5.1 billion QAR 18.2 billion Capex QAR 2.8 billion +4% (-1%**) EBITDA
Slide 10: Group Q3 2025 YoY highlights
Group Q3 2025 YoY highlights Another quarter of solid performance Growth Profitability Balance sheet Returns Capex +7% +9% +5pp to 21% Free -9% Revenue EBITDA intensity QAR 6.3 billion QAR 2.8 billion cash flow QAR 1.5 billion Capex QAR 1.3 billion +4% (-1%**) EBITDA +1pp Net Customers 0.6x 52.9 mil
Slide 11: Revenue
Revenue Consistent topline growth driven by operational excellence Group revenue Quarterly YoY change QAR mn QAR mn and % Quarterly +7% +3% +402 17,657 18,177 31 13 1 66 6,263 84 2% 1% -2% -6% >100%89 16% 155 11% (2) (36) 7% 5,861 21% 9M-24 9M-25 Group Algeria Iraq Kuwait Tunisia Qatar Others Maldiv
Slide 12: EBITDA
EBITDA Sustained EBITDA momentum backed by topline growth combined with cost discipline and efficiency gains Group EBITDA and margin Quarterly YoY change QAR mn QAR mn and % - Quarterly +4% +9% +239 7,698 7,970 32 5 2 36 2,824 38 3% 7% -1% -8% 55 21% (1) 93 19% (21) 8% 44% 44% 2,585 27% 9M-24 9M-25
Slide 13: Net Profit | 9M 2025 Reported and Normalised
Net Profit | 9M 2025 Reported and Normalised Delivering continuous net profit growth Net profit attributable to Ooredoo shareholders (QAR mn) Reported Normalised +6% +6% 3,089 3,074 2,923 2,903 9M-24 9M-25 9M-24 9M-25 Net profit now accounts for the impact of Pillar 2 (QAR 163 million), in line with
Slide 14: Net Profit | Q3 2025 Reported and Normalised
Net Profit | Q3 2025 Reported and Normalised Another quarter of net profit growth Net profit attributable to Ooredoo shareholders (QAR mn) Reported Normalised +8% +11% 1,141 1,152 1,051 1,042 Q3-24 Q3-25 Q3-24 Q3-25 Net profit now accounts for the initial impact of Pillar 2 (QAR 52 million), in line
Slide 15: Capex
Capex Ongoing strategic investments drive growth, further strengthening our market position Group Capex (QAR mn) | Capex/Revenue % 9M 2025 (YoY change QAR mn) +46% Iraq 469 Algeria 249 2,837 Syntys 205 Tunisia 99 1,946 Kuwait 6 Palestine -8 Qatar -18 11% 16% Others -35 Oman -37 9M-24 9M-25 Maldives
Slide 16: Free cash flow (FCF: EBITDA – Capex)
Free cash flow (FCF: EBITDA – Capex ) Strategic CAPEX acceleration to capture growth opportunities, with a transitional impact on free cash flow Group FCF Quarterly YoY change QAR mn QAR mn -9% -11% -153 5,753 21 5,133 26 23 37 0 63 (35) >100% 1,650 (94) 1,497 (195) 9M-24 9M-25 Group Kuwait Maldives
Slide 17: Customers
Customers Targeted initiatives and best-in-class network drives customer growth Consolidated customers YoY change mn ‘000 +4% +4% 52.9 +2,222 50.7 228 42 22 52,936 350 >100% 499 (1) (53) 1,136 50,714 9M-24 9M-25 Group Iraq Algeria Tunisia Oman Kuwait Maldives Palestine Qatar Group Q3-24 Q3-25 Custom
Slide 18: Debt & Liquidity Profile
Debt & Liquidity Profile Strong liquidity position, low leverage and investment-grade rating sustained QAR’mn Repayment schedule Fixed vs Floating rate debt portion Summary 1,191 • Net Debt/EBITDA ratio of 0.6x, below current Board guidance 5,637 8% of 1.5x to 2.5x 15,731 • Strong liquidity position
Slide 19: Dividend policy update
Dividend policy update Increased target payout ratio range to drive greater shareholder returns Rationale for revision Dividend policy Commitment to shareholder returns Effective from 2019 - Payouts at upper range of policy (~60% in the last 3 years) - 160% dividend per share growth (2020–2024) Sust
Slide 20: 9M 2025 Actual vs FY 2025 Guidance
9M 2025 Actual vs FY 2025 Guidance On track to meet guidance Actual 9M 2025 Change YoY (%) FY 2025 Guidance Actual Q1 2025 +3% Revenue QAR 18.2 billion 2% – 3% +5% excluding impact of Myanmar EBITDA margin 44% Flat Low 40%’s Capex QAR 2.8 billion +46% QAR 4.5 – 5.0 billion || | | 20
Slide 21: Operations review
03 Operations review Abdulla Ahmed Al-Zaman | Group CFO | |
Slide 22: Qatar
Qatar Sustained positive momentum by leveraging its market-leading position 9M 2025 Quarterly Trend (QAR mn, % YoY) (QAR mn) +2% +31 5,335 2,799 52% 323 1,856 1,848 1,751 1,728 1,697 1% 0% -1pp -5% EBITDA 53% 53% 50% 54% Revenue EBITDA Capex 48% margin 904 879 928 935 935 Q3-24 Q4-24 Q1-25 Q2-25 Q3-
Slide 23: Kuwait
Kuwait Strong service revenue growth sustains positive momentum in a highly saturated market 9M 2025 Quarterly Trend (QAR mn, % YoY) (KWD mn) +11% +7 2,421 770 32% 198 68 68 71 64 65 4% 27% 6pp 3% EBITDA Revenue EBITDA Capex 34% 33% margin 27% 29% 28% 17 20 22 23 20 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Rev
Slide 24: Oman
Oman Delivering a resilient EBITDA margin in a highly competitive market 9M 2025 Quarterly Trend (QAR mn, % YoY) (OMR mn) -6% -4 1,721 769 45% 321 62 63 62 62 58 -4% -7% -1pp 10% EBITDA 46% 44% 44% 45% 45% Revenue EBITDA Capex margin 28 27 27 28 26 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Revenue EBITDA EBITDA
Slide 25: Iraq
Iraq Maintained a solid growth trajectory 9M 2025 Quarterly Trend (QAR mn, % YoY) (IQD bn) +7% +32 500 525 46% 493 477 475 4,141 1,920 885 8% 5% -1pp 113% 48% 45% 45% 49% EBITDA 42% Revenue EBITDA Capex margin 235 199 214 227 255 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Revenue EBITDA EBITDA Margin Revenue seg
Slide 26: Algeria
Algeria Exceptional performance driven by double-digit revenue and EBITDA growth, supported by strategic network investments 9M 2025 Quarterly Trend (QAR mn, % YoY) (DZD mn) +17% +4,638 32,235 2,437 1,119 46% 543 27,597 27,270 27,482 28,543 16% 23% 3pp 85% EBITDA 46% 42% 46% 48% Revenue EBITDA Capex
Slide 27: Tunisia
Tunisia Growth in mobile and fixed segments drives strong performance 9M 2025 Quarterly Trend (QAR mn, % YoY) (TND mn) +9% +31 378 1,270 540 43% 306 347 345 321 347 11% 15% 1pp 48% 42% 43% 44% 44% EBITDA 39% Revenue EBITDA Capex margin 146 148 154 166 124 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Revenue EBITDA
Slide 28: Maldives
Maldives Solid EBITDA margin underpinned by disciplined cost control 9M 2025 Quarterly Trend (QAR mn, % YoY) (MVR mn) +1% +5 386 216 56% 12 544 564 547 539 549 0% 4% 2pp -76% EBITDA 54% 57% 55% 56% 57% Revenue EBITDA Capex margin 292 324 298 303 313 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Revenue EBITDA EBITD
Slide 29: Palestine
Palestine Lead in customer experience while maintaining cost efficiency amid a challenging environment 9M 2025 Quarterly Trend (QAR mn, % YoY) (USD mn) -2% - 28 27 27 284 110 39% 14 26 25 -5% -4% - -38% 38% 38% 42% 38% EBITDA Revenue EBITDA Capex 31% margin 10 8 10 10 10 Q3-24 Q4-24 Q1-25 Q2-25 Q3-2
Slide 30: IOH
IOH Improved performance quarter-on-quarter Revenue (IDR tn) EBITDA (IDR tn) & margin -2% -3% 41.8 41.2 19.9 19.3 47.7% 47.0% 9M-24 9M-25 9M-24 9M-25 Net Profit (IDR tn) Customers (mn) -8% -4% 4.2 98.7 94.6 3.8 9M-24 9M-25 9M-24 9M-25 Share in Net profit of IOH of 32.8% is reported by Ooredoo Group
Slide 31: Register for webcast
Register: https://ore.do/2025- | 30 October 2025 | 31
Slide 32: Appendices
04 Appendices | |
Slide 33: KPIs Technology: 9M 2025
KPIs Technology: 9M 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 9,699 99.96% 94.50% 1,517,827,768 96.43% 24.91% Iraq
Slide 34: KPIs Commercial: 9M 2025
KPIs Commercial: 9M 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 3% NA 42 10,629 1,340 11% 50% 1 10% Iraq 8% NA 47 11,933 5,797 15% 55% 2 2% Kuwait 2% 2% 49 2,19
Slide 35: Blended ARPU
Blended ARPU Qatar (QAR) Iraq (QAR) Oman (QAR) Maldives (QAR) 102 102 101 103 104 23.4 22.6 22.7 23.5 40.2 41.2 38.5 68.3 69.7 21.6 36.3 36.9 64.1 63.4 64.0 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Palestine (QAR) Kuwait
Slide 36: 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 37: 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 38: Thank you
THANK YOU @OoredooIR • IR@ooredoo.com • www.ooredoo.com Download our IR app | |