1. Company Overview & Earnings Context

Ooredoo Q.P.S.C. is a leading telecommunications provider headquartered in Qatar, offering mobile, fixed-line, broadband, data, and digital services across the Middle East, North Africa, and Asia. The Group serves millions of customers through its operations in multiple markets and continues to invest in network infrastructure and digital transformation.

For H1 2026, Ooredoo delivered revenue growth despite a softer profit performance, reflecting higher operating costs, impairment charges, tax expenses, and legal provisions during the period. The Group also benefited from a stronger contribution from associates and joint ventures while continuing to invest in its network and business expansion.

2. Financial Performance Snapshot

• Revenue: QR 12.46 Billion

• Other Income: QR 55.7 Million

• Operating Expenses: QR 5.67 Billion

• Employee Costs: QR 1.41 Billion

• Depreciation & Amortisation: QR 2.36 Billion

• Finance Costs: QR 355.7 Million

• Finance Income: QR 216.5 Million

• Share of Profit from Associates & Joint Ventures: QR 271.5 Million

• Profit Before Tax: QR 2.76 Billion

• Income Tax & Other Tax-Related Fees: QR 613.8 Million

• Net Profit: QR 2.15 Billion

• Earnings Per Share (EPS): QR 0.58

Compared with H1 2025:

• Revenue increased 4.6% to QR 12.46 billion.

• Profit before tax decreased 2.9% to QR 2.76 billion.

• Net profit declined 6.8% to QR 2.15 billion.

• Earnings per share fell to QR 0.58 from QR 0.61.

3. Operational Highlights & Key Metrics

• Total Assets: QR 60.49 Billion

• Total Equity: QR 32.87 Billion

• Cash & Cash Equivalents: QR 9.93 Billion

• Property, Plant & Equipment: QR 15.92 Billion

• Intangible Assets & Goodwill: QR 14.05 Billion

• Right-of-Use Assets: QR 3.27 Billion

• Net Cash from Operating Activities: QR 2.69 Billion

• Net Cash Used in Investing Activities: QR 1.18 Billion

• Net Cash Used in Financing Activities: QR 5.04 Billion

4. Key Performance Drivers

Ooredoo's H1 2026 performance was supported by continued growth in telecommunications service revenue and a stronger contribution from associates and joint ventures. However, profitability was affected by higher depreciation and amortisation expenses, increased impairment losses, higher tax charges, and a significant legal provision recorded during the period. The Group also continued investing in network infrastructure, digital assets, and business expansion through capital expenditure and acquisitions.

5. Outlook & Forward Guidance

Ooredoo continues to focus on expanding its telecommunications and digital services portfolio while investing in network infrastructure, technology, and strategic growth initiatives across its operating markets. Management remains committed to strengthening long-term operational performance and maintaining investment in the Group's regional businesses.

6. Investor Takeaway

Ooredoo delivered resilient revenue growth in H1 2026 despite lower earnings, as higher operating costs, legal provisions, and taxes weighed on profitability. Backed by a strong balance sheet, solid operating cash flow, and continued investment across its regional footprint, the Group remains well-positioned to support its long-term growth strategy.