Ooredoo (ORDS) investor relations material

Executive summary

• Achieved strong FY 2025 results with double-digit net profit growth (+12%) for the fourth consecutive year and solid financial position.

• Revenue increased to QR 24.6 billion in 2025, up 4.3% year-over-year, with profit for the year rising to QR 4.6 billion, a 14.5% increase from 2024.

• High-growth markets contributed 47% of group revenue, up from 44% last year.

• Refreshed strategy (RISE) focuses on digital infrastructure, platform adjacencies, and revenue diversification.

• Announced a 15% increase in dividend per share and completed a global secondary offering, boosting free float and liquidity.

Financial highlights

• Reported net profit reached QAR 3.9 billion, up 12% year-over-year, surpassing $1 billion.

• Revenue grew by 6% to just under QAR 25 billion, with Q4 revenue up 8%.

• Normalized EBITDA increased by 7% to around QAR 11 billion, with a margin of 43%.

• Free cash flow declined by 13% to just under QAR 6 billion due to increased CapEx.

• Dividend per share increased by 15% to QAR 0.75.

Outlook and guidance

• 2026 revenue growth guided at 3%-5%, with EBITDA margin expected to remain in the low 40% range.

• CapEx for 2026 projected between QAR 5 billion and QAR 6.5 billion, focusing on infrastructure and data centers.

• Dividend payout policy raised to 50%-70% of normalized net profit.

• Management expects continued operational existence and growth, with adequate resources to support future activities.

• IFRS 18 adoption is planned for 2027, with comparative figures to be restated.