Ooredoo Group has reported strong financial results for the first quarter of 2026, with profits rising as demand for telecom and data services continued to grow across several Middle Eastern markets.
The company announced that net profit attributable to shareholders increased by 5% compared to the same period last year, reaching more than QR1 billion (approximately $274 million). Revenue also recorded healthy growth, rising 6% year-on-year to QR6 billion.
According to the company, the positive performance was mainly supported by strong business growth in Algeria, Tunisia, Qatar, Iraq, and Kuwait. Rising demand for internet connectivity, mobile services, and digital data usage played a major role in driving revenue higher.
Ooredoo’s total customer base grew by 2% to nearly 54 million users across its operating markets, reflecting continued expansion in the telecom sector.
The company also increased its investments in network infrastructure during the quarter. Capital expenditure reached QR608 million, marking a 13% increase compared to the previous year. These investments focused mainly on improving network capabilities and digital services in key markets including Algeria, Iraq, and Tunisia.
Financially, Ooredoo maintained a strong liquidity position, with cash reserves standing at QR12.8 billion. The company also reported access to additional undrawn financing facilities worth QR6 billion.
Faisal Bin Thani Al Thani confirmed that shareholders approved the board’s recommendation to distribute a cash dividend of QR0.75 per share.
Commenting on the regional business environment, the chairman noted that some parts of the Middle East continue to experience uncertainty. However, he emphasized that reliable telecommunications services remain essential for businesses, communities, and individuals during such periods.
Despite ongoing regional challenges, Ooredoo said its business outlook for 2026 remains unchanged. The company stated that demand for core telecom services has remained stable and resilient so far.
The company’s shares, listed on the Qatar Stock Exchange, closed higher following the announcement and have recorded gains since the beginning of the year.
Major shareholders in Ooredoo include Qatar Holding, which owns the majority stake in the company, and Abu Dhabi Investment Authority.
Source: International business and telecom industry reports
