Ooredoo wins 25 million dinars in the first half

Ooredoo, the National Mobile Telecommunications Company, announced its financial results for the first half of 2026, reporting profits of 25 million dinars. Consolidated revenues rose by 8% to reach 398 million dinars in the first half of 2026, compared to 367 million dinars in the same period of 2025. This revenue growth was driven by strong operational performance in Algeria, Tunisia, and Palestine.

The consolidated customer base increased by 6% to reach 28 million customers in the first half of 2026, up from 26.4 million in the first half of 2025. Earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 11% to 165 million dinars in the first half of 2026, compared to 148 million dinars in the first half of 2025.

Net profit attributable to Ooredoo declined by 41% to 25 million dinars in the first half of 2026, down from 42 million dinars in the same period of 2025. This decrease was due to a one-time provision of 23.495 million dinars recorded in the first half of 2026, following the final ruling by the Supreme Court in Algeria against one of its subsidiaries, Ooredoo Algérie, in relation to a claim filed by the Bank of Algeria. Excluding the impact of this provision, net profit attributable to the company would have risen by a robust 16% compared to the same period last year.

Consolidated earnings per share amounted to 49 fils for the first half of 2026, compared to 83 fils in the first half of 2025. This decline was primarily attributed to the aforementioned non-recurring provision.

Sheikh Nasser bin Hamad Al Thani, Chairman of the Board, stated that the Ooredoo Group achieved strong operational and financial performance in the first half of 2026, reflecting the resilience of its diversified business and the continued positive momentum in its key markets. Consolidated revenues grew by 8% year-on-year to reach 398 million dinars, while EBITDA increased by 11% to 165 million dinars, supported by the Group’s strong performance in Algeria, Tunisia, and Palestine. The customer base also grew by 6% to reach 28 million, underscoring the strength of the Group’s brand and its established market position, alongside growing demand for its services.

Al Thani noted that net profit attributable to Ooredoo shareholders was affected by an exceptional, non-recurring provision related to a longstanding case involving its Algerian subsidiary. Excluding the financial impact of this provision, adjusted net profit rose by a robust 16% year-on-year, more clearly reflecting the strength of the Group’s operational performance. Operationally, sustained revenue growth, coupled with disciplined cost management, supported profitability levels and enhanced operational efficiency.

Looking ahead, the Group is confident in the soundness of its strategic direction and its long-term growth prospects. It will continue to focus on developing and enhancing its customer offerings and investing strategically in its networks and digital capabilities, while maintaining a disciplined approach to operational efficiency and optimal capital allocation. Its focus will remain on achieving sustainable growth and creating long-term value for its customers, shareholders, and the communities it serves.

Abdulaziz Yaqoub Al-Babtain, CEO of Ooredoo Kuwait, stated: “Ooredoo Kuwait’s operations in the first half of 2026 demonstrated strong operational efficiency and a clear ability to maintain profitability levels, despite challenges related to competition and the rapid evolution of customer needs. Revenues reached KD 131 million, while earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by 5% to KD 47 million, compared to KD 45 million in the same period last year. This growth reflects our success in enhancing operational efficiency, optimizing costs, and improving revenue quality, thereby supporting the long-term sustainability of our business.”

Al-Babtain noted that “the growth in EBITDA underscores the strength of our operational model and our ability to handle transitions efficiently. We also measure performance through the quality of our relationship with our customer base, the level of services we provide, and the continuous improvement in customer satisfaction indicators, aiming for an integrated experience that drives the company’s growth and profitability.”

He added: “Our strategy in the Kuwaiti market is based on key pillars, including enhancing the customer experience, accelerating digital transformation, and continuing strategic investments in our networks and technological infrastructure. We are also developing innovative solutions for individuals, the business sector, and government entities. Furthermore, we are strengthening our capabilities in data, artificial intelligence, and digital services, ensuring we keep pace with the rapid changes in the telecommunications sector and turning them into new growth opportunities.”

He continued: “Strategic partnerships are also a fundamental pillar of Ooredoo Kuwait’s plans. We are building high-quality partnerships with government entities, private sector institutions, and technology companies to develop joint services and platforms, support innovation, and contribute to accelerating digital transformation in Kuwait. Through these partnerships, we aim to expand our business scope, create new revenue streams, and reinforce Ooredoo’s position as a reliable and effective strategic partner in the national development ecosystem.”

He concluded: “In the coming phase, we will continue to focus on achieving qualitative and sustainable growth, enhancing operational efficiency, and strengthening the value delivered to customers, while continuously developing our service portfolio and expanding our presence in sectors with promising potential. We are confident that the clarity of our strategy, the strength of our technological infrastructure, the efficiency of our workforce, and our strategic partnerships will enable Ooredoo Kuwait to enhance its competitiveness and deliver sustainable value to its customers, shareholders, and the Kuwaiti society.”

Ooredoo Kuwait’s customer base declined by 3% to reach 2.8 million customers in the first half of 2026. The company’s revenues also fell by 2% to KD 131 million in the first half of 2026, compared to KD 133 million in the first half of 2025.

Conversely, EBITDA rose by 5% to KD 47 million in the first half of 2026, compared to KD 45 million in the same period of 2025, driven by the company’s strong operational performance.

In Tunisia, Ooredoo’s customer base grew by 4% to reach 7.3 million customers in the first half of 2026. Revenues increased by 15% to KD 77 million in the first half of 2026, compared to KD 67 million in the first half of 2025. EBITDA also rose by 15% to KD 32 million in the first half of 2026, compared to KD 28 million in the first half of 2025.

Ooredoo’s customer base in Algeria grew by 10% to reach 15.9 million customers in the first half of 2026, while revenues increased by 16% to 150 million dinars in the first half of 2026, compared to 129 million dinars in the first half of 2025. EBITDA rose by 14% to 65 million dinars in the first half of 2026, up from 58 million dinars in the first half of 2025.

In Palestine, the customer base declined by 1% to 1.5 million customers in the first half of 2026. Revenues grew by 18% to 18 million dinars in the first half of 2026, compared to 16 million dinars in the first half of 2025, and EBITDA increased by 25% to 8 million dinars in the first half of 2026, up from 6 million dinars in the first half of 2025.

Ooredoo Maldives’ customer base grew by 3% to 432,000 customers in the first half of 2026. Revenues remained stable at 22 million dinars in the first half of 2026, while EBITDA rose by 1% to 12 million dinars in the first half of 2026.