Ooredoo (ORDS) Q1 2026 earnings summary

Executive summary

• Achieved strong Q1 2026 results with 6% revenue growth to QAR 6.2 billion and net profit up 4.7% to QAR 1.0 billion, driven by disciplined execution and double-digit growth in Algeria and Tunisia, with resilient topline growth in Qatar, Iraq, and Kuwait.

• Maintained business and service continuity despite increased regional uncertainty since late February, with full-year 2026 guidance unchanged.

• Advanced strategic priorities, including the launch of Ooredoo Fibre Networks, Syntys data center expansion, and preparations for Qatar TowerCo.

• Total comprehensive income declined to QAR 757.2 million due to significant foreign currency translation losses and fair value changes.

• Dividend of QAR 0.75 per share for 2025 (QAR 2,402.4 million) was paid in Q1 2026.

Financial highlights

• Revenue rose 6% year-on-year to QAR 6.2 billion, led by Algeria, Tunisia, and Iraq, with favorable FX tailwinds.

• EBITDA increased 6.9% to QAR 2.7 billion, with margin up 0.4 points to 43.8%.

• Net profit attributable to shareholders grew 4.7% to QAR 1.0 billion.

• Free cash flow reached QAR 2.1 billion, up 5.2% year-on-year.

• CapEx was QAR 608 million, up 13% year-on-year, focused on network and capacity upgrades.

Outlook and guidance

• Full-year 2026 guidance remains unchanged, reflecting business resilience and ongoing review of assumptions as visibility evolves.

• CapEx phasing remains flexible to adapt to regional developments and project delays.

• Management expects to meet all obligations as they fall due, with no material impact from regional geopolitical developments identified as of Q1 2026.