Vodafone Qatar (VFQS) Q4 2025 earnings summary

Executive summary

• Revenue for FY25 reached QR 3,447 million, up 8.1% year-on-year, with net profit rising 16.8% to QR 702 million, driven by growth across all segments and higher equipment sales.

• Net profit surpassed QAR 700 million for the first time, supported by higher EBITDA and reduced financing costs.

• Board proposes a 12% per share cash dividend (QR 507 million) for 2025 and plans to initiate quarterly dividends from 2026, pending approvals.

• Strategic investments and partnerships, including a joint venture with Sirti MENA, are expanding digital infrastructure and service offerings.

• Continued innovation in consumer and enterprise offerings, including new digital services, loyalty programs, and ICT solutions.

Financial highlights

• EBITDA increased 10.5% to QAR 1.5 billion, with margin reaching 43.7%.

• Free cash flow surged 41% year-on-year to QAR 779 million.

• Net debt reduced by 90%, with net debt-to-equity ratio declining to 0.5%.

• Basic and diluted EPS improved to QR 0.166 from QR 0.142.

• Cash and cash equivalents at year-end were QR 414.8 million, up from QR 97.4 million.

Outlook and guidance

• FY26 guidance targets mid-single digit top-line growth, EBITDA margin above 43%, and CAPEX intensity between 14.5% and 15.5%.

• Quarterly interim dividends planned from FY26, pending regulatory approval.

• The group is assessing the impact of IFRS 18, effective 2027, on future financial statement presentation.