Ooredoo Kuwait Group reported solid revenue growth of 9% to reach KWD 573 million for nine-month period ended 30 September 2025

National Mobile Telecommunications Company K.S.C.P “Ooredoo” (Ticker: OOREDOO) announced today its financial results for the nine-month period ended 30 September 2025:

•    Consolidated revenue increased by a strong 9% to KWD 573 million for the nine months ended 30 September 2025, compared to KWD 527 million for the same period in 2024. Revenue growth was supported by the strong operational performances in Algeria, Tunisia and Kuwait.

•    Consolidated customer base increased by 3% to 27.3 million for the nine months ended 30 September 2025 compared to 26.4 million for the same period in 2024.

•    EBITDA increased by 19% for the nine months ended 30 September 2025 to reach KWD 232 million compared to KWD 194 million for the same period in 2024. Normalizing for the impact of the one-off bad debt provision raised in the nine months ended 30 September 2025 and 2024, EBITDA increased by 17% YoY.

•    Net profit attributable to NMTC increased by 61% to reach KWD 68 million for the nine months ended 30 September 2025 from KWD 42 million for the same period in 2024. Normalizing for the impact of the one-off bad debt provision raised in the nine months ended 30 September 2025 and 2024, Net profit attributable to NMTC increased by 44% YoY. 

•    The consolidated earnings per share was 136 fils for the nine months ended 30 September 2025, compared to 84 fils earned for the same period in 2024. 

Sheikh Nasser Bin Hamad Bin Nasser Al Thani, Chairman of the Board of Directors commented: 

“NMTC delivered consistently strong financial results, driven by sustained commercial momentum in Kuwait, Algeria, and Tunisia, and supported by the continued resilience of its operations in the Maldives.

For the first nine months of 2025, consolidated revenue grew by a strong 9% YoY to KWD 573 million. Profitability saw strong acceleration, with EBITDA increasing 19% YoY to KWD 232 million, delivering a margin of 41%. 

Net profit attributable to NMTC expanded by 61% YoY to KWD 68 million. Normalizing for the impact of the one-off bad debt provision raised in the nine months ended 30 September 2025 and 2024, net profit increased by a healthy 44% YoY.

Our focus on customer satisfaction and delivering a high-quality network drove strong service revenue in Kuwait. Meanwhile, Algeria and Tunisia sustained their upward trajectories, strengthening their market positions through network investments, customer-centric offers and operational efficiency.

Looking ahead to the final quarter of 2025, NMTC remains strongly positioned to deliver on its strategic priorities, expanding high-quality connectivity, enhancing customer satisfaction, and unlocking further operational efficiencies. We remain focused on driving shareholder value through sustained growth, innovation, and execution excellence. I am confident in the team’s ability to maintain this momentum and position NMTC for long-term, profitable growth.”

Commenting on the results, Abdulaziz Yaqoub Al-Babtain, Chief Executive Officer of Ooredoo Kuwait, said:

“I am pleased to share our strong results for the first nine months of 2025, which reflect the exceptional teamwork and unwavering dedication of the entire Ooredoo team. Earnings per share rose by 62% to reach 136 fils, compared to 84 fils for the same period last year. 
At Ooredoo, we firmly believe that every achievement begins with people; they are the foundation of our success and the driving force behind our continued leadership in the telecommunications and digital technology sectors.”

He added:

“This year marked several milestones in our digital transformation journey, most notably the launch of our 5G-Advanced network in Kuwait, a major leap toward a smarter and more sustainable future in connectivity. This next-generation technology enhances the capabilities of individuals and businesses alike, paving the way for advanced digital applications such as IoT and cloud solutions. Through these developments, we continue to build a fully integrated digital ecosystem that supports the national economy and contributes directly to the goals of Kuwait Vision 2035.”

“Our strategy extends far beyond technology. Through our strategic partnerships with both the public and private sectors, we continue to lead Kuwait’s digital transformation, positioning the nation among the region’s leaders in AI and technological progress. These accomplishments would not have been possible without our collaborative approach, which continues to generate meaningful value for both citizens and the country.”

Al-Babtain continued:

“On the social front, Ooredoo Kuwait remains deeply committed to supporting the community and empowering Kuwaiti youth. We continue to launch impactful initiatives that foster innovation and entrepreneurship, alongside ongoing programs in education, environment, and health. Corporate social responsibility is not an option for us, it is an integral part of who we are and what we stand for.”

“We are also proud to have been recognized as ‘Employer of Choice’ in Kuwait, a testament to our commitment to providing an inspiring and flexible workplace that empowers our people to thrive and innovate. Every technological advancement we make starts with human development; investing in our people is the cornerstone of our success.”
He concluded:

“At Ooredoo, we don’t just follow progress; we create it. Our vision is to build technology that serves humanity and enhances everyday life, supported by networks built on renewable and sustainable resources. We will continue to deliver exceptional customer experiences and expand our innovative digital solutions, all while working towards a single goal: to build a connected, sustainable world that enriches the lives of everyone in Kuwait and contributes directly to the nation’s progress. We remain steadfast in our mission to position Kuwait at the forefront of technological and AI advancement.”

Review of Operations

The Group’s operational performance can be summarised as follows:

Ooredoo – Kuwait 

Ooredoo Kuwait’s customer base increased by 1% to reach 2.9 million customers for the nine months ended 30 September 2025. The company's revenue increased by 4% to KWD 204 million for the nine months ended 30 September 2025 compared to KWD 196 million for the same period in 2024. Additionally, EBITDA surged by 27% to KWD 65 million for the nine months ended 30 September 2025, up from KWD 51 million for the same period in 2024. EBITDA for the nine months ended 30 September 2025 and 2024 was impacted by a one-off bad debt provision raised in line with company’s standard policy. When normalizing for this one-off provision, EBITDA grew by 17% YoY.

Ooredoo – Tunisia

Ooredoo Tunisia’s customer base increased by 5% for the nine months ended 30 September 2025, reaching a total of 7.4 million customers. Revenue increased by 11% to KWD 107 million for the nine months ended 30 September 2025, compared to KWD 96 million for the same period in 2024. EBITDA for the nine months ended 30 September 2025 increased by 15% to KWD 45 million compared to KWD 40 million for the same period in 2024.

Ooredoo – Algeria

Ooredoo Algeria’s customer base increased by 3%, reaching a total of 15 million customers for the nine months ended 30 September 2025. Revenue for the nine months ended 30 September 2025 rose by 16% to KWD 205 million, compared to KWD 177 million for the same period in 2024. EBITDA increased by 23%, reaching KWD 94 million for the nine months ended 30 September 2025 compared to KWD 76 million for the same period in 2024.

Ooredoo – Palestine

Ooredoo Palestine’s customer base stood at 1.5 million customers. Revenue decreased by 5% for the nine months ended 30 September 2025 to KWD 24 million compared to KWD 25 million for the same period in 2024. EBITDA decreased by 4% to KWD 9 million for the nine months ended 30 September 2025 compared to KWD 10 million for the same period in 2024. The performance remained affected by the aftermath of the conflict in Gaza and the West Bank.

Ooredoo - Maldives

Ooredoo Maldives’ customer base increased by 6% to 421 thousand customers for the nine months ended 30 September 2025. Revenue for the nine months ended 30 September 2025 was KWD 33 million, while EBITDA increased by 4% to KWD 18 million compared to KWD 17 million for the same period in 2024.