Vodafone Qatar Qsc · QSE:VFQS
Vodafone Qatar Qsc — Vodafone Qatar P.Q.S.C. — H1 2026 Earnings Presentation
22 slides from Vodafone Qatar Qsc's earnings presentation, Jul 29, 2026
Slide 1: Vodafone Qatar Investor Presentation: Financial Performance H1 2026
Vodafone Qatar P.Q.S.C. Investor Presentation Financial Performance: Half year ended 30 June 2026
Slide 2: Disclaimer
Disclaimer • The following presentation is made only to, and is directed only at, persons to whom such a presentation may lawfully be communicated (“relevant persons”). Any person who is not a relevant person should not act or rely on this presentation or any of its contents. • This presentation may
Slide 3: Performance Highlights
Hamad Al-Thani Performance Chief Executive Officer Highlights
Slide 4: Key Highlights
Key Highlights Continued Pursuit to Business & Profitable Growth Deliver World Class Operational Next Orbit of Growth Telecom Experience Resilience • Service Revenue grew 9.3% YoY • Network coverage expansion / • Business and Operational • New growth ideas underway: in FY26H1; Total Revenue upgrades
Slide 5: Financial Performance
Masroor Anjum Financial Chief Financial Officer Performance
Slide 6: Key Highlights
Key Highlights Strong Cost Topline Growth Continuing Robust Cash flow Discipline and Continues Profitability growth Generation Operating Leverage • 9.3% growth in service • Operating leverage • 10.6% growth in EBITDA • 14.7% growth in revenue improved as revenue underlying operating • EBITDA Margin
Slide 7: H1 Year on Year Performance: Sustained Topline and Profitability Growth
H1 Year on Year Performance ⋮ Sustained Topline and Profitability Growth Revenue* Expenses* EBITDA Net Profit • Total revenue grew by QR 53m (+3.1%), driven by growth across all core service +3.1% -2.4% +10.6% +22.0% revenue segments 1,802 1,016 810 401 1,748 +9.3% 992 • Non-service revenue declined
Slide 8: Service Revenue: Growth momentum continues across core segments
Service Revenue ⋮ Growth momentum continues across core segments Postpaid* Prepaid* Wholesale, Mgd. Services & Fixed Service Revenue CAGR CAGR +2.3% -0.4% CAGR +5.9% -0.3% +6.7% +9.3% CAGR +18.8% 700 289 285 284 1,594 +19.3% 610 653 654 661 640 262 266 1,459 1,414 1,375 513 494 1,230 459 301 FY22 FY
Slide 9: Key Ratios: Driving margin expansion through operational excellence
Key Ratios ⋮ Driving margin expansion through operational excellence OPEX Intensity EBITDA Margin Reported Reported Margin Underlying Reported excl. World Cup & one-offs Underlying margin* 24.5% +0.7ppts 49.3% 23.7% 48.6% 24.1% 23.4% 45.8% 45.2% 45.1% 44.9% +1.8ppts 23.1% -0.5ppts 43.7% 22.2% 42.8%
Slide 10: Capital Expenditure & Returns: Investments driving profitable growth
Capital Expenditure & Returns ⋮ Investments driving profitable growth Capital expenditure (CAPEX) Net Profit Margin and Return on Equity (ROE*) 21.5% 17.7% +1.9ppts 13.8% 15.5% 9.4% 22.3% 660 20.4% 550 18.8% 535 17.4% +1.3ppts 16.4% 444 441 14.9% 358 385 13.6% 12.0% 343 10.7% 11.1% 170 216 192 150 9
Slide 11: Cash Flow: Robust operational cash flows
Cash Flow ⋮ Robust operational cash flows Free Cash flow Net Debt* Net Debt* to Equity 375 +44m -139m -4.9ppts (+14.7%) 344 424 8.7% • Underlying free cash flow 75 increased 14.7% reflecting strong collections -54% • Despite dividend pay-out for 285 FY25, net debt decreased 89 significantly YoY due
Slide 12: Key Financial Performance Indicators: Trends
Key Financial Performance Indicators ⋮ Trends Service Revenue* Total Revenue* EBITDA Net Profit 810 401 1,850 1,802 1,594 1,800 CAGR 1,748 +6.7% CAGR +5.8% CAGR CAGR 1,750 732 +8.2% +16.7% 1,459 1,700 329 1,414 1,650 672 293 1,375 1,585 1,600 1,551 634 260 1,550 1,230 1,500 590 1,436 216 1,450 1,400
Slide 13: Consolidated Statement of Income Summary
Consolidated Statement of Income Summary 30 Jun 26 30 Jun 25 YoY QR millions (unless otherwise stated) Consumer revenue 1,071 941 130 • Total revenue increased QR 53m (+3.1%), driven Enterprise, equipment and other revenues 731 807 (76) by growth across all core revenue segments Total revenue 1,802
Slide 14: FY26 Guidance: Maintaining the guidance
FY26 Guidance ⋮ Maintaining the guidance Financial KPIs FY25 Results FY26 Guidance Total revenue QR 3,447m + Mid single digits % YoY EBITDA Margin U/L 43.2% > 43.5% Net Profit U/L QR 715m + Mid-teens % YoY CAPEX intensity 15.5% 14.5% - 15.5% FY26 FY25 Q3 YTDH1 Financial Financial Performance Perform
Slide 15: Together we can
Together we can O vodafone
Slide 16: Financial Performance Appendix
Financial Appendix Performance For more information visit our website: www.vodafone.qa/en/investor-relations Or email us: InvestorRelationsQatar@vodafone.qa
Slide 17: Q2 Year on Year Performance: Growth momentum continues
Q2 Year on Year Performance ⋮ Growth momentum continues Revenue* Expenses* EBITDA Net Profit -0.8% +7.9% +20.0% -7.1% 895 888 521 403 200 81 +9.1% 484 374 • Service revenue grew 9.1% YoY driven by 156 166 growth in postpaid, wholesale and fixed 188 198 • Expenses decreased as a result of lower equip
Slide 18: Consolidated Statement of Income
Consolidated Statement of Income Three months ended Six months ended 30 June 30 June 30 30 June June QR m (unless otherwise stated) 2026 2025 2026 2025 YoY Revenue 888 895 1,802 1,748 53 Interconnection and other direct expenses (276) (322) (579) (622) 43 Network and other operational expenses (117)
Slide 19: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position QR m (unless otherwise stated) 30 Jun 26 31 Dec 25 Var Assets Property, plant and equipment 1,903 1,959 (56) Intangible assets 3,744 3,819 (75) • Property, plant & equipment and intangible assets decreased by QR 131m Right-of-use assets 366 386 (20) mainl
Slide 20: Mobility Subscribers
Mobility Subscribers Postpaid Prepaid Total Mobility +8.7% -2.1% +0.8% 622 627 1,532 1,559 2,174 2,140 615 1,517 1,499 2,108 2,080 2,126 1,487 593 577 FY25 Q2 FY25 Q3 FY25 Q4 FY26 Q1 FY26 Q2 FY25 Q2 FY25 Q3 FY25 Q4 FY26 Q1 FY26 Q2 FY25 Q2 FY25 Q3 FY25 Q4 FY26 Q1 FY26 Q2 FY26 All numbers in thousands
Slide 21: Mobility ARPU
Mobility ARPU Postpaid Prepaid Total Mobility -3.5% -3.1% +1.7% 192.9 192.0 191.6 33.7 78.8 188.2 186.2 75.6 75.9 75.8 76.8 31.9 30.9 31.1 30.9 FY25 Q2 FY25 Q3 FY25 Q4 FY26 Q1 FY26 Q2 FY25 Q2 FY25 Q3 FY25 Q4 FY26 Q1 FY26 Q2 FY25 Q2 FY25 Q3 FY25 Q4 FY26 Q1 FY26 Q2 FY26 ARPU is reported in Qatari Riya
Slide 22: Thank you!
_ Thank you!
Vodafone Qatar P.Q.S.C. — H1 2026 Earnings Presentation on 6ix