Vodafone Qatar (VFQS) Q4 2025 earnings summary

Executive summary

• Achieved strong year-over-year growth in revenue, EBITDA, and net profit, with net profit reaching QR 702 million, up 16.8% year-on-year.

• Maintained a near-zero net debt-to-equity ratio, supporting future investment and diversification opportunities.

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

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

• Consolidated financial statements for the year ended 31 December 2025 were audited by KPMG, with an unqualified opinion and compliance with IFRS Accounting Standards.

Financial highlights

• Total revenue grew 8.1% year-on-year to QR 3,447 million, driven by all business segments.

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

• Net profit margin improved to 20.4%, with basic and diluted EPS rising to QR 0.166.

• Free cash flow increased 41% year-on-year to QR 779 million.

• 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.