Vodafone Qatar reports 24% rise in net profit to QR611m

Doha-based telecommunications company Vodafone Qatar reported a 24% increase in net profit to QR611 million for the nine months ending September 30, 2026. This growth in profit reflects the company's robust performance and adherence to its strategic plan. The diversified portfolio of Vodafone Qatar contributed to this growth, with revenue gains across all core service segments such as mobility, managed services, fixed broadband, Internet of Things (IoT), and wholesale.

Meanwhile, disciplined cost control and strong cash flow generation played a significant role in the company's financial success.

Service revenue rose by 8.1% year-on-year to QR2.4 billion, while total revenue increased by 4.7% to reach QR2.7 billion. The number of mobile customers stood at 2.1 million, marking an 8.1% increase from the previous year. The company's EBITDA rose by 10.9% year-on-year to QR1.2 billion. This was driven by higher revenue and effective cost optimization strategies. Consequently, the EBITDA margin expanded by 2.5 percentage points to 45%, and the underlying EBITDA margin, excluding equipment, reached 49.5%.

Operating free cash flow for the period was QR669 million, showcasing Vodafone Qatar's capacity to convert earnings into cash while continuing to invest in its business. Net profit margin also increased to 22.6%, up by 3.5 percentage points compared to the same period last year. This growth contributed to an annualized return on equity (ROE) of 15.1%, a 1.5 percentage point improvement from FY 2025. This outcome highlights Vodafone Qatar's persistent dedication to generating sustainable returns for shareholders.