Slide 1: Ooredoo Group Results Presentation
OOREDOO GROUP Results presentation For the quarter ended 31 March 2026
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 Group results Operations review review Abdulla Ahmed Al-Zaman Aziz Aluthman Fakhroo Group CFO Group CEO || 5 May 2026 | | 3
Slide 4: A strong start to 2026, driven by robust underlying execution
A strong start to 2026, driven by robust underlying execution Ooredoo delivered a solid first quarter, supported by portfolio strength, commercial discipline, and continued execution across core markets Double digit revenue growth in Algeria and Tunisia Resilient topline growth in Qatar, Iraq and Ku
Slide 5: Solid performance amid a more complex operating backdrop
Solid performance amid a more complex operating backdrop Essential telecom demand remains resilient, with no operational disruption, and potential implications for investment phasing; our full-year guidance remains unchanged What we are seeing Resilience & readiness Management actions • Regional esc
Slide 6: Strategic Progress
Strategic Progress Aziz Aluthman Fakhroo | Group CEO
Slide 7: Syntys data center platform
Data center platform securing MENA’s digital future with AI-ready infrastructure that enables hyperscale growth and sovereign data resilience. Medium/Long term targets: Active # of countries with IT capacity MW under • USD 1 Billion planned investment 15 3 30 7.5 data centers Syntys presence (MW) co
Slide 8: Ooredoo Fintech | Footprint-wide momentum and expansion
Ooredoo Fintech | Footprint-wide momentum and expansion License application License application License application Implementation LIVE In preparation Submitted Granted Kickoff Friends and Family Fully LIVE ALGERIA KUWAIT IRAQ TUNISIA QATAR OMAN MALDIVES Q1 2026 HIGHLIGHTS QAR 25 million QAR 3 billi
Slide 9: Results review
Results review Aziz Aluthman Fakhroo | Group CEO
Slide 10: Group Q1 2026 YoY highlights
Group Q1 2026 YoY highlights Delivered a solid quarter, positioning the business well at the start of the year despite ongoing regional pressures Growth Profitability Balance sheet Returns Capex +6.0% +6.9% +0.6pp to 9.8% Free +5.2% Revenue EBITDA** intensity QAR 6.2 billion QAR 2.7 billion cash flo
Slide 11: Revenue
Revenue Strong growth momentum was sustained across key markets Group revenue Quarterly YoY change QAR mn QAR mn and % Quarterly +6.0% +6.0% +349 6,199 27 10 10 0 -0.1% 6,199 5,850 49 0.2% 60 3.5% 10.8% (1) 73 3.7% 3.4% 121 19.8% 5,850 16.2% Q1-25 Q1-26 Group Q1-25 Algeria Tunisia Qatar Iraq Kuwait
Slide 12: EBITDA
EBITDA A disciplined operational execution supported strong EBITDA growth with margin expansion Group EBITDA and margin Quarterly YoY change QAR mn QAR mn and % - Quarterly +6.9% +6.9% +175 2,800 2,713 2,539 100.0% 90.0% 10 5 3 2,713 2,600 18 80.0% 19 1.1% 13.8% 4.0% 22 2,400 2,200 70.0% 40 7.3% 3.0
Slide 13: Net Profit | Q1 2026 Reported and Normalised
Net Profit | Q1 2026 Reported and Normalised Sound Net Profit performance supported by robust fundamentals Net profit attributable to Ooredoo shareholders (QAR mn) Reported Normalised +4.7% +5.4% 1,014 1,005 962 960 Q1-25 Q1-26 Q1-25 Q1-26 Net Profit reconciliation Reported to Normalised (QAR’mn) Q1
Slide 14: Capex
Capex Disciplined capex execution to strengthen market leadership and network quality Group Capex (QAR mn) | Capex/Revenue % Q1 2026 (YoY change QAR mn) Algeria 49 +13.0% 650 60.0% Syntys 39 608 Qatar 39 50.0% Others 14 600 Tunisia 7 40.0% 550 538 30.0% Palestine 5 500 20.0% Maldives -1 9.2% 9.8% 45
Slide 15: Free cashflow (FCF: EBITDA – Capex)
Free cashflow (FCF: EBITDA – Capex) Solid free cash flow performance supported by disciplined financial management Group FCF Quarterly YoY change QAR mn QAR mn +5.2% +5.2% +105 2,105 20 9 4 33 (0) 2,001 43 (29) 2,105 78 (53) 2,001 Q1-25 Q1-26 Group Q1-25 Iraq Kuwait Tunisia Oman Algeria Maldives Pal
Slide 16: Customers
Customers Strengthening market presence in key growth markets, supported by sustained customer growth Consolidated customers YoY change mn ‘000 +3.2% +3.2% 53.7 +1,639 52.0 330 5 2 53,650 368 (13) (17) (125) 1,088 52,011 Q1-25 Q1-26 Group Q1-25 Algeria Iraq Tunisia Qatar Maldives Kuwait Palestine Om
Slide 17: Debt and Liquidity
Debt and Liquidity Robust liquidity and low leverage with investment-grade ratings Liquidity & Repayment schedule Fixed vs Floating portion Summary 1,875 15% 5,994 • Net Debt/EBITDA ratio of 0.6x, below current Board guidance of 1.5x to 2.5x Fixed Floating 12,818 • Strong liquidity position (combina
Slide 18: Operations review
Operations review Abdulla Ahmed Al-Zaman | Group CFO
Slide 19: Qatar
Qatar Resilient performance, with growth across core revenue streams and stable customer trends Q1 2026 Quarterly Trend (QAR mn, % YoY) (QAR mn) +3.4% +60 2,500 1,811 938 51.8% 92 1,856 1,904 1,811 140% 2,000 1,751 1,728 120% 3.4% 1.1% -1.2pp 71.8% 100% 1,500 EBITDA 53.0% 50.4% 54.1% 50.2% 51.8% 80%
Slide 20: Kuwait
Kuwait Operational discipline supported EBITDA margin expansion Q1 2026 Quarterly Trend (QAR mn, % YoY) (KWD mn) +3.1% +2 793 280 35.4% 41 68 71 70 80 65 67 120% 3.5% 8.5% 1.6pp -34.5% 70 100% 60 EBITDA Revenue EBITDA Capex 50 80% margin 40 30 33.7% 33.5% 28.4% 35.7% 35.4% 60% 40% 20 10 22 23 20 25
Slide 21: Oman
Oman Stable revenue and improved profitability supported by cost discipline Q1 2026 Quarterly Trend (QAR mn, % YoY) (OMR mn) -0.1% - 80 586 278 47.4% 58 70 62 62 58 60 62 140% 120% -0.1% 7.3% 3.3pp -1.8% 60 100% 50 EBITDA 80% Revenue EBITDA Capex 40 44.2% 44.9% 45.0% 47.4% margin 30 60% 20 16.4% 40%
Slide 22: Iraq
Iraq Solid growth driven by customer base expansion and higher data usage Q1 2026 Quarterly Trend (QAR mn, % YoY) (IQD bn) +3.7% +18 700 140% 500 525 523 493 475 600 1,361 609 44.7% 102 120% 500 100% 3.7% 3.0% -0.3pp -37.1% 400 80% EBITDA 48.6% Revenue EBITDA Capex 300 45.0% 45.3% 44.6% 44.7% 60% ma
Slide 23: Algeria
Algeria Operational efficiency and disciplined execution supported double-digit growth in Revenue and EBITDA Q1 2026 Quarterly Trend (QAR mn, % YoY) (DZD mn) +12.6% +3,465 40.000 43.3% 137 32,235 30,818 30,948 140% 864 374 35.000 27,482 28,543 120% 30.000 16.2% 18.4% 0.8pp 56.8% 25.000 100% EBITDA 8
Slide 24: Tunisia
Tunisia Accelerated growth driven by mobile strength and fixed segment expansion Q1 2026 Quarterly Trend (QAR mn, % YoY) (TND mn) +9.4% 500 +30 140% 378 367 450 443 183 41.3% 98 347 351 400 350 321 120% 19.8% 28.2% 2.7pp 7.8% 300 100% 80% EBITDA 250 Revenue EBITDA Capex 200 38.6% 44.5% 43.8% 40.4% 4
Slide 25: Maldives
Maldives Operational efficiency and tight cost control continued to support a strong EBITDA margin Q1 2026 Quarterly Trend (QAR mn, % YoY) (MVR mn) +0.2% +1 581 700 549 548 120% 129 73 56.7% 1 600 547 539 100% 500 0.2% 4.0% 2.1pp -37.4% 400 54.6% 56.1% 57.0% 60.2% 56.7% 80% EBITDA Revenue EBITDA Cap
Slide 26: Palestine
Palestine Sustained solid growth and operational discipline amid ongoing challenges Q1 2026 Quarterly Trend (QAR mn, % YoY) (USD mn) +10.8% 40 3 140% 29 35 104 40 38.6% 8 27 28 26 120% 30 25 100% 10.8% 13.8% 1.0pp 212.1% 25 80% EBITDA 20 Revenue EBITDA Capex 41.6% 38.6% 60% margin 15 37.5% 37.7% 37.
Slide 27: IOH
IOH Strong results reflect a solid start to the year and positive execution Revenue (IDR tn) EBITDA (IDR tn) & margin +12.1% +13.2% 15.2 8.0 7.3 100.0% 13.6 7.0 6.4 90.0% 80.0% 6.0 70.0% 5.0 47.2% 47.7% 60.0% 4.0 50.0% 40.0% 3.0 30.0% 2.0 20.0% 1.0 10.0% - 0.0% Q1-25 Q1-26 Q1-25 Q1-26 Net Profit (ID
Slide 28: Appendices
Appendices
Slide 29: KPIs Technology: Q1 2026
KPIs Technology: Q1 2026 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 10,655 99.98% 94.50% 13.18 610,155,847 94.54% 2.46 33
Slide 30: KPIs Commercial: Q1 2026
KPIs Commercial : Q1 2026 MyOoredoo Number of Churn Data users Digital Post paid as % Country Churn Mobile NPS3 App users RMS1 complaints Fixed Penetration % recharge of total subs Penetration % per 1000 subs Algeria 3% NA - 75% 14% 12% - 1 10% Iraq 8% NA - 59% 31% 20% - 2 2% Kuwait 2% 1% - 71% 56%
Slide 31: Blended ARPU
Blended ARPU Qatar (QAR) Iraq (QAR) Oman (QAR) Maldives (QAR) 23 24 23 22 22 38 38 38 107 36 37 64 63 64 66 64 101 103 104 102 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Palestine (QAR) Kuwait (QAR) Tunisia (QAR) Algeria (Q
Slide 32: 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 33: 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 34: Thank You
THANK YOU @OoredooIR • IR@ooredoo.com • www.ooredoo.com Download our IR app | |