Slide 1: Ooredoo Group Results presentation
OOREDOO GROUP Results presentation For the year ended 31 December 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 || 12 February 2026 | | 3
Slide 4: Highlights
Highlights • High-growth markets account for 46.8% of Group revenue, up from 44.3% in FY24 Achieved strong FY 2025 results, marked by • Achieved double-digit reported net profit growth (+12%) for the fourth consecutive year 01 continued profitability expansion and solid • Maintained strong cash posi
Slide 5: Strategy update
Strategy update Aziz Aluthman Fakhroo | Group CEO
Slide 6: Ooredoo's Refreshed Strategy - RISE: Three Interconnected Flywheels
Ooredoo’s Refreshed Strategy - RISE: Three Interconnected Flywheels Core telco Digital infrastructure Platform businesses Revenue Contribution ~1% 2025F ~3% ~96% ~3% 2030E ~12% ~85% E S Expand I Scale Expand sales presence in digital and Enabling the R Intensify Double-down in scaling digital social
Slide 7: Syntys
Syntys Accelerating the development of AI-ready, hyperscale data centers across the MENA region FY 2025 2026 Medium-long term targets # of countries IT capacity MW under • USD 1 Billion planned investment Active 7.5 13 3 with Syntys 25 (MW) construction • Initial funding of ~USD 550 million data cen
Slide 8: Fintech
Fintech Continues to advance financial inclusion through mobile-led solutions Long term OFTI FY 2025 Markets ` ambition Operating in 3 markets Qatar Oman Maldives QAR 87.0 million QAR 47.5 million ~ 3 – 4 million Revenue Capex to enter • Tunisia: Following license approval early 2025, now gearing up
Slide 9: Results review
Results review Aziz Aluthman Fakhroo | Group CEO
Slide 10: Group FY 2025 YoY highlights
Group FY 2025 YoY highlights Another year of strong growth driven by operational excellence and strategic execution Growth Profitability Balance sheet Returns Capex +4% (+6%*) +5% (+7%*) +5pp to 19% Free -13% Revenue EBITDA intensity QAR 10.5 billion cash flow QAR 5.9 billion QAR 24.6 billion Capex
Slide 11: Group Q4 2025 YoY highlights
Group Q4 2025 YoY highlights A solid quarter supporting strong full-year 2025 results Growth Profitability Balance sheet Returns Capex +8% +8% (+15%*) +6pp to 27% Free -28% Revenue EBITDA intensity QAR 6.4 billion QAR 2.5 billion cash flow QAR 0.8 billion Capex QAR 1.7 billion +3% (+1%*) Flat (+2pp*
Slide 12: Revenue
Revenue Strong growth backed by sustained operational excellence Group revenue Quarterly YoY change QAR mn QAR mn and % Quarterly +8% +4% +490 23,595 24,604 56 29 4 4 6,427 120 56 4% 3% 14% 4% -4% >100%121 3% 125 (25) 5,937 16% 10% FY-24 FY-25 Group Iraq Algeria Others Qatar Tunisia Kuwait Palestine
Slide 13: EBITDA
EBITDA Sustained EBITDA growth driven by revenue momentum and operational efficiencies Group EBITDA and margin Quarterly YoY change QAR mn QAR mn and % - Quarterly +5% +8% +191 10,027 10,489 12 8 6 65 23 70 7% 26% 8% 77 28% -64% 2,520 95 24% 42.6% 9% (166) 42.5% 2,329 17% FY-24 FY-25 Group Iraq Qata
Slide 14: Net Profit | FY 2025 Reported and Normalised
Net Profit | FY 2025 Reported and Normalised All-time high net profit with four consecutive years of double-digit growth Net profit attributable to Ooredoo shareholders (QAR mn) Reported Normalised +12% +10% 3,865 4,034 3,436 3,676 FY-24 FY-25 FY-24 FY-25 Net profit now accounts for the net impact o
Slide 15: Net Profit | Q4 2025 Reported and Normalised
Net Profit | Q4 2025 Reported and Normalised Impressive Q4 performance Net profit attributable to Ooredoo shareholders (QAR mn) Reported Normalised +51% +24% 776 960 773 513 Q4-24 Q4-25 Q4-24 Q4-25 Net profit now accounts for the net initial impact of Pillar 2 in Qatar (QAR 24 million) in line with
Slide 16: Capex
Capex QAR 4.6bn strategically invested to drive growth, strengthen market leadership and enhance network performance Group Capex (QAR mn) | Capex/Revenue % FY 2025 (YoY change QAR mn) Iraq 668 +44% Algeria 534 4,564 Syntys 234 Tunisia 63 3,178 Qatar 38 Kuwait 21 Palestine 0 Fintech -21 13% 19% Other
Slide 17: Free cashflow (FCF: EBITDA – Capex)
Free cashflow (FCF: EBITDA – Capex) Accelerated strategic CAPEX investment to drive growth, having a transitional impact on free cash flow Group FCF Quarterly YoY change QAR mn QAR mn -28% -13% -304 6,849 6 48 20 8 5,925 50 1,097 (1) >100% (104) (116) 792 (215) FY-24 FY-25 Group Kuwait Tunisia Qatar
Slide 18: Customers
Customers Growing customer base and expanding market presence Consolidated customers YoY change mn ‘000 +3% +3% 53.3 +1,792 51.5 134 28 21 53,311 198 586 >100% (9) (62) 896 51,519 FY-24 FY-25 Group Iraq Algeria Tunisia Oman Kuwait Maldives Qatar Palestine Group Q4-24 Q4-25 Customer breakdown Summary
Slide 19: Debt and Liquidity
Debt and Liquidity Strong liquidity position, low leverage and investment-grade ratings sustained Liquidity & repayment schedule Fixed vs Floating rate debt portion Summary 1,715 13% 6,103 • Net Debt/EBITDA of 0.4x, below Board guidance of 1.5x to 2.5x • Strong cash position of QAR 15bn, with ~60% h
Slide 20: Shareholder returns | Dividend
Shareholder returns | Dividend Valuation creation for shareholders with 15% increase in dividend YoY at 59.1% payout ratio Dividend policy – effective 2025 Dividend history Sustainable & progressive dividend policy, 55.0% 40.0% 59.6% 59.1% 58.3% 59.1% Payout ratio aiming for a dividend payout in the
Slide 21: FY 2025 Actual vs Guidance | FY 2026 Guidance
FY 2025 Actual vs Guidance | FY 2026 Guidance Actual FY Change 2025 2025 YoY (%) Achieved FY 2026 Guidance Guidance +4% Revenue 3%-5% QAR 24.6 billion 2%-3% Exceeded +6% (Excluding impact of Myanmar exit) EBITDA margin 42.6%* Flat Low 40%’s Met low 40%’s QAR 4.5 – 5.0 Capex QAR 4.6 billion +44% bill
Slide 22: Operations review
Operations review Abdulla Ahmed Al-Zaman | Group CFO
Slide 23: Qatar
Qatar Maintained market leadership as the premier telco provider, delivering positive momentum throughout the year with an industry-leading EBITDA margin FY 2025 Quarterly Trend (QAR mn, % YoY) (QAR mn) +3% +56 7,239 3,755 52% 652 1,904 1,848 1,751 1,856 1,728 2% 2% - 6% EBITDA 53% 50% 54% 50% Reven
Slide 24: Kuwait
Kuwait Service revenue growth underpinned the strong FY 2025 performance in a highly saturated market FY 2025 Quarterly Trend (QAR mn, % YoY) (KWD mn) +3% +2 3,253 1,067 33% 297 68 68 71 70 65 4% 27% 6pp 7% EBITDA Revenue EBITDA Capex 34% 33% 36% margin 29% 28% 20 22 23 20 25 Q4-24 Q1-25 Q2-25 Q3-25
Slide 25: Oman
Oman Performance continued to be affected by a highly competitive market FY 2025 Quarterly Trend (QAR mn, % YoY) (OMR mn) -5% -3 38% 63 62 62 2,292 862 447 58 60 -4% -20% -8pp -16% EBITDA 44% 44% 45% 45% Revenue EBITDA Capex margin 16% 27 27 28 26 10 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Revenue EBITDA EBIT
Slide 26: Iraq
Iraq Achieved another year of strong growth | Customer base reached an all-time high FY 2025 Quarterly Trend (QAR mn, % YoY) (IQD bn) +10% +46 500 525 523 5,583 2,564 46% 1,377 477 475 8% 8% - 94% 45% 45% 49% 45% EBITDA 42% Revenue EBITDA Capex margin 199 214 227 255 233 Q4-24 Q1-25 Q2-25 Q3-25 Q4-2
Slide 27: Algeria
Algeria Continued strong momentum with double-digit growth in revenue and EBITDA for the second consecutive year FY 2025 Quarterly Trend (QAR mn, % YoY) (DZD mn) +13% +3,548 32,235 30,818 3,301 1,481 45% 989 27,270 27,482 28,543 16% 24% 3pp 118% EBITDA 42% 46% 48% EBITDA Capex 39% 42% Revenue margin
Slide 28: Tunisia
Tunisia Sustained its strong growth trajectory driven by mobile and fixed segments FY 2025 Quarterly Trend (QAR mn, % YoY) (TND mn) +6% +22 378 367 1,726 724 42% 411 345 321 347 12% 13% - 18% 43% 44% 44% 40% EBITDA 39% Revenue EBITDA Capex margin 148 154 166 148 124 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Rev
Slide 29: Maldives
Maldives Strong EBITDA margin supported by disciplined cost management FY 2025 Quarterly Trend (QAR mn, % YoY) (MVR mn) +3% +17 523 298 57% 564 581 61 547 539 549 1% 5% 2pp -40% EBITDA 57% 55% 56% 57% 60% Revenue EBITDA Capex margin 324 298 303 313 349 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Revenue EBITDA EB
Slide 30: Palestine
Palestine Ensured continuous connectivity with operational discipline while navigating external pressures FY 2025 Quarterly Trend (QAR mn, % YoY) (USD mn) +4% 1 27 27 28 387 148 38% 40 26 25 -3% 2% 2pp 1% 38% 42% 38% 37% EBITDA Revenue EBITDA Capex 31% margin 8 10 10 10 10 Q4-24 Q1-25 Q2-25 Q3-25 Q4
Slide 31: IOH
IOH Strong second half results underpinned solid FY 2025 performance Revenue (IDR tn) EBITDA (IDR tn) & margin +1% +1% 55.9 56.5 26.7 26.6 47.7% 47.1% FY-24 FY-25 FY-24 FY-25 Net Profit (IDR tn) Customers (mn) +10% -1% 5.8 94.7 93.7 5.3 FY-24 FY-25 FY-24 FY-25 Share in Net profit of IOH of 32.8% is
Slide 32: Appendices
Appendices
Slide 33: KPIs Technology: FY 2025
KPIs Technology: FY 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 10,238 99.96% 94.50% 2,099,262,564 96.55% 26.83% Iraq
Slide 34: KPIs Commercial: FY 2025
KPIs Commercial: FY 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% NA 44 11,034 2,177 11% 50% 1 10% Iraq 8% NA 48 11,900 6,292 16% 55% 2 2% Kuwait 2% 1% 50 2,10
Slide 35: Blended ARPU
Blended ARPU Qatar (QAR) Iraq (QAR) Oman (QAR) Maldives (QAR) 102 101 103 104 107 22.6 22.7 23.5 23.2 41.2 38.5 69.7 65.8 21.6 36.3 36.9 37.8 64.1 63.4 64.0 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 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
Slide 38: Thank you
THANK YOU @OoredooIR • IR@ooredoo.com • www.ooredoo.com Download our IR app | |