Doha, Qatar: Vodafone Qatar (“Vodafone Qatar” or the “Company”) announced its consolidated financial results for the six months ended 30 June 2026, delivering a strong first half and continued growth across its key financial and operational metrics.
The Company reported a half-year net profit of QR401m, representing a sustained increase of 22% year-on-year. This strong performance was driven by continued growth across the Company’s core business lines, including mobility, managed services, fixed broadband, Internet of Things (IoT), and wholesale, supported by disciplined cost management and robust cash generation.
Total revenue for the period increased by 3.1% year-on-year to QR1.8bn. Service revenue grew by 9.3% to QR1.59bn. Vodafone Qatar is now serving 2.1 million mobile customers, representing an increase of 0.8% year-on-year.
EBITDA for the period increased by 10.6% year-on-year to QR810m, positively impacted by strong service revenue and the continued effectiveness in implementing the Company’s cost optimisation programme. As a result, EBITDA margin improved by 3.1ppts to 44.9%. Excluding equipment, underlying EBITDA margin reached 49.3%.
The Company generated robust operating free cash flow of QR344m in the first half of the year. Net Profit margin increased to 22.3%, up by 3.5ppts compared to H1 FY2025. This performance translated into an annualised return on equity (ROE) of 14.9% in H1 2026, reflecting a 1.3ppts increase compared to FY 2025. This result underscores the Company’s continued commitment to delivering sustainable value to its shareholders.
