Doha: Vodafone Qatar (“Vodafone Qatar” or the “Company”) yesterday announced its consolidated financial results for the nine months ended 30 September 2026, reflecting solid business performance and continued execution of its strategy, while reinforcing its commitment to delivering sustainable value for shareholders.
For the nine months ended 30 September 2026, the Company reported a net profit of QR611m, reflecting robust growth of 23.7% compared to the same period last year. This performance reflects the strength of the Company’s diversified portfolio, with growth across all core service revenue segments, including mobility, managed services, fixed broadband, Internet of Things (IoT), and wholesale alongside disciplined cost management and robust cash generation.
Service Revenue for the period increased by 8.1% year-on-year to QR2.4bn. Total revenue grew by 4.7% reaching QR2.7bn. Vodafone Qatar is now serving 2.1 million mobile customers, representing an increase of 1.2% year-on-year.
EBITDA for the period increased by 10.9% year-on-year to QR1.2bn, led by higher service revenue and the continued effectiveness of the Company’s cost optimization program. As a result, EBITDA margin expanded by 2.5ppts to 45%, while the underlying EBITDA margin, excluding equipment, reached 49.5%.
The Company generated operating free cash flow of QR669m for the first nine months of 2026, demonstrating its ability to convert earnings into cash while continuing to invest in the business.
Net profit margin increased to 22.6%, up by 3.5ppts compared to the same period last year. This performance translated into an annualised return on equity (ROE) of 15.1% reflecting an increase of 1.5ppts compared to FY 2025. This result underscores the Company’s continued commitment to driving sustainable shareholder returns.
