Faisal Bin Thani: We continue to work to achieve leadership in the digital infrastructure sector
Aziz Fakhro: Continuing investment in the field of innovation and seizing growth opportunities
Ooredoo announced its financial results for the first three months ending March 31, 2025. The company achieved a net profit of 960 million riyals, with a growth rate of 5%. The revenues settled at 5.8 billion riyals (increased by 3% when excluding the impact of leaving Myanmar), and the profits stabilized before cutting the interest, tax, consumption and extinguishing the debt at 2.5 billion riyals.
Capital spending reached 538 million riyals and a free cash flow decreased by 8% to 2.0 billion riyals, and the customer base (including Indosat Ooredoo Hutchison (IOH) customers (IOH)) reached 147.4 million customers and the group launched Syntys – a fully independent and neutral company for data centers separated from Ooredoo
Strong performance
His Excellency Sheikh Faisal bin Thani Al Thani, Chairman of the Ooredoo Group, said: “Ooredoo Group in 2025 has started with strong performance,” said His Excellency Sheikh Faisal bin Thani Al Thani, Chairman of the Ooredoo Group. With the exception of the effect of the group’s exit from Myanmar, the revenues of the first quarter recorded a 3% increase compared to the previous year to reach 5.8 billion riyals, while the net profit increased by a good rate of 5% compared to the previous year to 960 million riyals.
He added, “Our results are in line with expectations, which indicates that our strategy for the transformation that extends over several years is going in the right direction,” he added. We are also pleased to announce the approval of the shareholders during the General Assembly meeting on March 11, 2025, on the recommendation of the Board of Directors to distribute cash dividends of 0.65 EGP each shares.
His Excellency concluded: “As we continue to work to achieve leadership in the digital infrastructure sector in the region, our focus remains on sustainable growth and achieve value in the long term. Thanks to our strong financial pillars, our clear strategic vision, the accelerated momentum we are witnessing, today we are in an excellent position that allows us to adapt to changes, seize growth opportunities, and achieve sustainable returns for shareholders.
Implementing strategic initiatives
Aziz Al -Othman Fakhro, CEO of Ooredoo Group, said: “Ooredoo Group has started the new year strongly as a result of the continuous operating momentum in all our markets, with a focus on efficiency and implementation of the main strategic initiatives. With the exception of the impact of exit from Myanmar, the revenues increased by 3% compared to the previous year to reach 5.8 billion riyals, and profits were recorded before cutting interest, tax, consumption and extinguishing the debt by 2% compared to the previous year to 2.5 billion riyals, while maintaining the margin of profits before cutting interest, tax, consumption and extinguishing the debt at 43%. The distinguished performance of the group came as a result of the noticeable growth in Kuwait, Algeria and Iraq, and the group also recorded a growth of 5% in the net profit to reach 960 million EGP at the end of the quarter, and the free cash flow maintained a good level at 2.0 billion riyals.
He added: “After two years of strategic planning, we launched during the past quarter, a neutral and independent company for data centers separated from Ooredoo. Syntys has the support of Ion Mountain as a strategic contribution, to accelerate the frequency of database expansion and support for large data centers and companies against the technological scene in our region, which is witnessing accelerating developments. Thanks to the achievements of the Ooredoo Group in the first quarter of the year 2025 for all colleagues in the group, their dedication and valuable contributions.
He concluded: «Given the coming period, we can say that we are on the right path to achieve our goals for the entire year, and we will continue to strengthen our position as a leading provider of digital infrastructure in the region. Thanks to our solid customer base, our distinctive silence in the field of networks, and our strong budget, we have the hardship and flexibility required to continue investing in the field of innovation and seize growth opportunities.
Strategy
In the first quarter of the year 2025, the Ooredoo Group continued to adhere to work according to its strategy that aims to establish its position as the difficult number in the telecommunications and digital infrastructure sector, and it revolves around five basic pillars: providing an exceptional customer experience, enabling distinguished talents, paying innovation as a smart telecommunications company, continuing development and strengthening our basic operations, and enhancing our value -based portfolio.
The group goes with a steady pace towards imposing itself as the first provider of digital infrastructure in the region, and depends on the disciplined implementation of its strategy in addition to its strategic investments. Our balanced portfolio allows us to focus capital on areas of high value and high growth that enhance our sustainability and financial performance.