Ooredoo Q.P.S.C. Earnings Call Transcripts
Fiscal Year 2025
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Delivered record net profit and strong revenue growth in 2025, driven by high-growth markets and digital infrastructure expansion. Raised dividend by 15%, maintained industry-leading margins, and provided positive 2026 guidance.
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A refreshed strategy focuses on scaling digital infrastructure, fintech, and platform adjacencies, targeting 15% of revenue from these by 2030. Financial performance is strong, with rising dividends, high margins, and robust growth in high-potential markets. Syntys and the tower JV drive infrastructure leadership, while disciplined capital allocation and AI adoption underpin future value.
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Strong nine-month results with 5% revenue and EBITDA growth, robust margins, and increased CapEx to drive expansion in data centers and fintech. Dividend payout ratio raised to 50%-70% of normalized net profit, with a healthy balance sheet and positive outlook for full-year guidance.
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Strong H1 2025 results with 4% net profit growth and a 43% EBITDA margin, driven by robust GCC and high-growth markets. Strategic investments in digital infrastructure, data centers, and subsea cables support long-term growth, while CapEx rose 49% year-on-year.
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Q1 2025 saw 3% revenue and 2% EBITDA growth year-over-year (excluding Myanmar exit), with strong performance in Iraq, Algeria, and Kuwait, and continued investment in data center and fintech. Net profit rose 5%, and the group remains on track with its four-year guidance.
Fiscal Year 2024
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Record net profit exceeded $1 billion, with revenue up 2% and EBITDA margin at 42.5%. Strategic investments in data centers and subsea cables drive future growth, while strong free cash flow and low leverage support an 18% higher dividend.
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Q3 2024 saw 2% revenue and 4% EBITDA growth year-over-year, with a 44% EBITDA margin and 15% rise in normalized net profit. Strategic investments in data centers and AI, robust liquidity, and a balanced portfolio underpin strong performance, despite competitive pressures in some markets.
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H1 2024 saw 3% revenue growth, 8% higher normalized EBITDA, and a 14% rise in net profit, driven by strong performances in Iraq, Algeria, and Kuwait, while Qatar and Oman faced competitive pressures. Myanmar's disposal reduced FX risk, and AI/data center investments are accelerating.