Revenue up by 7% YoY during 3Q25
Ooredoo reported a 7% YoY increase in revenue to QAR 6,263mn for 3Q25. This quarterly performance brought 9M25 revenue growth to 3% YoY. The 9M performance was driven by stable service revenue in Qatar and strong growth in Algeria, Kuwait, and Iraq, which offset a YoY decline in Oman.
Net profit grew by 8% on YoY basis
The Company’s net profit rose 8% YoY in 3Q25, driven by efficient cost structures and steady revenue growth. This performance drove an expansion of the net profit margin to 18.2% in 3Q25 from 17.9% in 3Q24.
U-Capital view
The company is driving growth from regions outside Qatar, complemented by steady performance in its home market, while also focusing on improving profitability margins. Management’s confidence was recently highlighted by an increase in the target dividend payout ratio to 50%-70% (from 40%-60%). Concurrently, strategic investments are expected to support future results, building on the steady core business. We have a Buy rating on the stock with a target price of QAR 16.6/share.