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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.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.
- Record QAR 3.0bn FY23 profit, stronger cash flow and tower-platform progress.ORDS
Q4 2023 - Revenue and EBITDA rose, with margin expansion and strategic progress in digital platforms.ORDS
Q2 2026 - Q1 2026 saw 6% revenue and 4.7% profit growth, but FX losses reduced comprehensive income.ORDS
Q1 2026 - Double-digit profit growth, higher dividend, and digital expansion with key transactions completed.ORDS
Q4 2025 - Accelerating digital and platform growth, driving strong returns and future value.ORDS
CMD 2025 - Net profit rose up to 15% on QAR 17.7 billion revenue, with strong digital investments.ORDS
Q3 2024 - Double-digit profit growth and digital/AI advances marked H1 2024's strong performance.ORDS
Q2 2024 - Revenue flat, net profit up 5%, and CapEx surged 41% to drive digital expansion.ORDS
Q1 2025 - Record net profit, digital infrastructure growth, and 18% higher dividend define 2024.ORDS
Q4 2024
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