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Ooredoo (ORDS) investor relations material

Ooredoo Q3 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2026 earnings summary2 Nov, 2026

Executive summary

  • 9M revenue rose 4.3% to QAR 18,959.6m, reported EBITDA increased 6.3% to QAR 8,476m and free cash flow grew 11.2% to QAR 5,706m.

  • Customer base reached 146.5m including IOH; execution advanced across towers, data centres, AI infrastructure, fintech and regional connectivity.

  • Broad-based market growth and cost discipline supported performance; FY2026 guidance was maintained.

Financial highlights

  • 9M net profit attributable to shareholders fell 5.0% to QAR 2,935m; adjusted net profit declined 2.7% to QAR 2,992m.

  • Reported EBITDA growth was 6.3%, versus 4.2% adjusted; reported margin rose 0.9pp to 44.7%, while adjusted margin was flat at 43.8%.

  • Q3 revenue rose 3.8% to QAR 6,502m and EBITDA grew 4.4% to QAR 2.9bn; net profit fell 4.7% reported and 13.2% adjusted.

  • Q3 free cash flow increased 19.5% to QAR 1,789m.

Outlook and guidance

  • FY2026 guidance remains revenue growth of 3%–5%, EBITDA margin in the low-40% range and capex of QAR 5.0–6.5bn; 9M revenue, margin and capex were QAR 19.0bn, 44.7% and QAR 2.8bn.

  • Management cited confidence in meeting full-year objectives while monitoring regional geopolitical and macroeconomic developments.

  • Iraq top-line and customer growth were tracking plan; discretionary spending weakness and delayed network rollout weighed on near-term profitability and execution.

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Frequently asked questions

Ooredoo Q.P.S.C. is a telecommunications company based in Qatar, providing mobile, fixed-line, broadband, and enterprise services across the Middle East, North Africa, and Asia. The company offers voice, data, and internet services for both individual and corporate clients, utilizing advanced 4G and 5G networks to deliver high-speed connectivity. In addition to core telecommunications services, Ooredoo provides digital and business solutions, such as cloud computing, cybersecurity, and IoT services, supporting digital transformation initiatives for regional businesses. The company is headquartered in Doha, Qatar, and its shares are listed on the Qatar Stock Exchange.