Vodafone Qatar P.Q.S.C. (“Vodafone Qatar” or the “Company”) today announced its financial results for the three months ended 31 March 2026, marking a strong start to the year and reflecting a sustained growth trajectory and consistent improvement across its financial and operational performance.

Key highlights - Q1 2026 compared to Q1 2025:

  • Total Revenue increased by 7.1% to QR 914 million

  • Service Revenue increased by 9.4% to QR 787 million 

  • EBITDA increased by 13.4% to QR 406 million

  • EBITDA margin expanded by 2.5ppts to 44.5%

  • Net Profit increased by 24% to QR 201 million

  • Net Profit margin grew by 3.0ppts reaching 22%

  • Mobile customers stood at 2.1 million subscribers

Financial Summary

Vodafone Qatar sustained its growth momentum in Q1 2026, reporting a net profit of QR 201 million for the three months ended 31 March 2026, reflecting a significant increase of 24% year-on-year, mainly driven by continued revenue growth across core services and ongoing focus on cost efficiency.

Total revenue for the period increased by 7.1% year-on-year to QR 914 million, due to sustained growth across the Company’s core business lines, including mobility, managed services, fixed broadband, and Internet of Things (IoT). Service revenue grew by 9.4% to QR 787 million.                        

EBITDA for the period exceeded QR 406 million, reflecting a growth of 13.4% year-on-year, positively impacted by higher service revenue and disciplined cost management. As a result, EBITDA margin improved by 2.5ppts to 44.5%. On an underlying basis, excluding equipment revenue, EBITDA margin reached 50%. Vodafone Qatar is now serving 2.1 million mobile customers.

The Company generated robust operating free cash flow of QR 258 million in the quarter, supported by strong collections and disciplined working capital management. 

Net profit margin increased to 22%, up by 3.0ppts compared to the previous year. This performance translated into an annualised return on equity (ROE) of 15%, an improvement of 1.34 ppts, demonstrating Vodafone Qatar’s continued focus on enhancing profitability and delivering sustainable value to its shareholders.