Vodafone Qatar Delivers Solid Q1 Results as Profit Hits QR 201 Million
The Company generated robust operating free cash flow of QR 258 million in the quarter. Net profit margin increased to 22%, up by 3.0ppts compared to the previous year.
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. Total revenue for the period increased by 7.1% year-on-year to QR 914 million. 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. As a result, EBITDA margin improved by 2.5ppts to 44.5%. 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. 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.
The Company’s performance was driven by sustained growth across the Company’s core business lines, including mobility, managed services, fixed broadband, and Internet of Things (IoT), together with disciplined cost management and strong cash generation.
In light of current situation, and in order to safeguard shareholders’ interests, the Board of Directors has decided not to distribute interim dividends for the period ending March 31, 2026. The Board will consider distributing interim dividends at a later stage based on the Company’s financial performance, subject to Board review and approval, and after obtaining all required regulatory approvals.
