Ooredoo Kuwait Group Achieves 8% Revenue Growth to KD 398 Million in the First Half of 2026
- Nasser bin Hamad Al Thani:
- 11% EBITDA growth reflects the Group’s business resilience and operational efficiency
- Adjusted net profit attributable to the company jumps 16% year-on-year
- Abdulaziz Al-Babtain:
- Ooredoo Kuwait generated revenues of KD 131 million, with EBITDA growing 5% in the first half
- Our strategy focuses on sustainable growth and impactful strategic partnerships
The National Mobile Telecommunications Company, Ooredoo, announced its financial results for the first half of 2026, reporting an 8% increase in consolidated revenues to KD 398 million in the first half of 2026, compared to KD 367 million in the first half of 2025.
Revenue growth was supported by strong operational performance across Algeria, Tunisia, and Palestine. The consolidated customer base grew by 6% to reach 28 million customers, up from 26.4 million, while EBITDA rose by 11% to KD 165 million in the first half of 2026, compared to KD 148 million in the same period of 2025.
Net profit attributable to the National Mobile Telecommunications Company decreased by 41% to KD 25 million, down from KD 42 million, due to the establishment of a one-time provision of KD 23.495 million. This provision followed the final ruling of the Supreme Court in Algeria against one of its subsidiaries (the National Company for Telecommunications, Algeria), concerning a claim filed by the Bank of Algeria. Excluding the impact of this provision, adjusted net profit attributable to the company increased significantly by 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 for the first half of 2025. This decline was primarily attributed to the aforementioned non-recurring provision.
Sheikh Nasser bin Hamad bin Nasser Al Thani, Chairman of the Board, stated: “Ooredoo Group delivered 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 KD 398 million, while EBITDA increased by 11% to KD 165 million, driven by the strong performance of the Group’s operations in Algeria, Tunisia, and Palestine. The customer base also grew by 6% to reach 28 million customers, underscoring the strength of the Group’s brand and its established market position, alongside growing demand for its services.”
Net profit attributable to the shareholders of the National Mobile Telecommunications Company 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 significantly by 16% year-on-year, more clearly reflecting the robustness 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 in a measured manner in its networks and digital capabilities, while maintaining a disciplined approach to operational efficiency and optimal capital utilization. Its focus will remain on achieving sustainable growth and creating long-term value for its customers, shareholders, and the communities it serves.
For his part, Abdulaziz Yaqoub Al-Babtain, CEO of Ooredoo Kuwait, stated: “Ooredoo Kuwait’s operations during 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 percent to KD 47 million, compared to KD 45 million in the same period last year. This growth reflects our success in improving operational efficiency, optimizing costs, and enhancing revenue quality, thereby supporting the long-term sustainability of our business.”
He added, “The growth in EBITDA underscores the strength of our operational model and our ability to handle transitions efficiently. We 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 to deliver a seamless experience that generates growth and profitability for the company.”
He further noted, “Our strategy in the Kuwaiti market is based on key pillars, including enhancing the customer experience, accelerating digital transformation, and continuing measured investments in our networks and technological infrastructure, alongside developing innovative solutions for individuals, the business sector, and government entities. We are also strengthening our capabilities in data, artificial intelligence, and digital services, ensuring we keep pace with the rapid changes in the telecommunications sector and transform them into new growth opportunities.”
He said, “Strategic partnerships also represent a fundamental pillar of Ooredoo Kuwait’s plans. We are building high-quality partnerships with government entities, private sector institutions, and technology companies, with the aim of developing joint services and platforms, supporting innovation, and contributing to accelerating digital transformation in the State of Kuwait. Through these partnerships, we look forward to expanding our business scope, creating new revenue streams, and reinforcing Ooredoo’s position as a reliable and effective strategic partner in the national development ecosystem.”
Concluding his remarks, Al-Babtain said, “In the coming phase, we will continue to focus on achieving qualitative and sustainable growth, improving operational efficiency, and enhancing 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 strengthen its competitiveness and deliver sustainable value to its customers, shareholders, and the Kuwaiti society.”
The customer base of Ooredoo Kuwait declined by 3 percent to reach 2.8 million customers in the first half of 2026, while the company’s revenues fell by 2 percent to 131 million dinars in the first half of 2026, compared to 133 million dinars in the first half of 2025. On the other hand, earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by 5 percent to 47 million dinars in the first half, compared to 45 million dinars during the same period in 2025, driven by the company’s strong operational performance.
Ooredoo Tunisia’s customer base grew by 4 percent to reach 7.3 million customers in the first half of 2026, and revenues increased by 15 percent to 77 million dinars, compared to 67 million dinars in the first half of 2025. EBITDA rose by 15 percent to 32 million dinars in the first half of 2026, compared to 28 million dinars in the first half of 2025.
Ooredoo Algeria’s customer base expanded by 10 percent to reach 15.9 million customers in the first half of 2026. Revenues increased by 16 percent 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 percent to 65 million dinars in the first half of 2026, compared to 58 million dinars in the first half of 2025.
The customer base in Palestine declined by 1 percent to reach 1.5 million customers in the first half of 2026. Revenues increased by 18 percent to 18 million dinars in the first half of 2026, compared to 16 million dinars in the first half of 2025. EBITDA rose by 25 percent to 8 million dinars in the first half of 2026, compared to 6 million dinars in the first half of 2025.
Ooredoo Maldives’ customer base grew by 3 percent to reach 432,000 customers in the first half of 2026. Revenues remained stable at 22 million dinars in the first half of 2026. EBITDA increased by 1 percent to 12 million dinars in the first half of 2026.
