Ooredoo Group Revenue Rises 6% to KWD 608 Million in Nine Months

Ooredoo Group  reported a 6% year-on-year increase in consolidated revenue to KWD 608 million for the nine months ended 30 September 2026, up from KWD 573 million in the same period of 2025, supported by growth across several of its markets.

The Kuwait-based telecommunications group’s earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 10% to KWD 255 million from KWD 232 million a year earlier. Its EBITDA margin increased to 42% from 41%, while its consolidated customer base expanded 7% to 29.1 million.

However, net profit attributable to National Mobile Telecommunications Company (NMTC) fell 29% to KWD 48 million, compared with KWD 68 million in the corresponding period last year. The decline was primarily linked to a one-off provision of KWD 23.5 million following the outcome of a June 2026 Supreme Court hearing in Algeria concerning a claim by the Central Bank of Algeria against Wataniya Telecom Algerie, one of the Group’s subsidiaries.

The company said that after adjusting for the Algerian legal provision and a one-off bad debt provision recognised in the comparative period, normalised net profit attributable to NMTC stood at KWD 72 million, representing stable performance.

For the third quarter alone, consolidated revenue increased 2% year-on-year to KWD 211 million, while EBITDA rose 8% to KWD 90 million. Net profit attributable to NMTC declined 10% to KWD 24 million.

Sheikh Nasser Bin Hamad Bin Nasser Al Thani, Chairman of the Board of Directors, said the results demonstrated the strength of the Group’s business model and the benefits of its geographic presence.

“The first nine months of 2026 highlighted the strength of Ooredoo Kuwait Group’s business model and the benefits of our broad geographic presence. We delivered solid progress across the Group, with consolidated revenue increasing by 6% year-on-year to KWD 608 million and EBITDA rising by 10% to KWD 255 million. This growth translated into a stronger EBITDA margin of 42%, while our customer base expanded to 29.1 million, up 7% from the previous year, reflecting healthy demand across our operations. Our results were driven by strong execution in several markets, particularly Algeria, Tunisia and Palestine. In Kuwait, handset supply-chain constraints continued to affect commercial performance, impacting revenue growth while supporting profitability through a more favourable revenue mix. Reported net profit attributable to NMTC was affected by a non-recurring provision relating to a legacy legal matter in Algeria. Adjusting for this item, the Group generated normalized net profit of KWD 72 million, underscoring the stability and durability of our core business.”

– Sheikh Nasser Bin Hamad Bin Nasser Al Thani, Chairman, Board of Directors, Ooredoo Group 

“As we move forward, our priorities remain clear. We will continue enhancing our products and services, advancing our digital and network capabilities, and maintaining a disciplined approach to cost management and investment. Supported by a strong operational foundation and a clear strategic roadmap, we remain well positioned to deliver sustainable performance and generate long-term value for shareholders, customers and the communities in which we operate.”

– Sheikh Nasser Bin Hamad Bin Nasser Al Thani, Chairman, Board of Directors, Ooredoo Group 

Abdulaziz Yaqoub Al-Babtain, Chief Executive Officer of Ooredoo Kuwait, said the company’s operational performance reflected its focus on efficiency, revenue quality and investment discipline.

“Our results for the first nine months of 2026 demonstrate the strength of Ooredoo Kuwait’s foundations and our ability to deliver solid operational performance amid regional developments and sector challenges. The improvement in operating profitability reflects the effectiveness of our strategy to increase efficiency, strengthen the quality of our revenue mix, and maintain disciplined resource management and investment, supporting business sustainability and enhancing shareholder value. Ooredoo continues to consolidate its leadership in Kuwait’s technology and telecommunications sector, supported by strategic investments in digital infrastructure, advanced technological capabilities, and institutional expertise that positions us for the next phase of development. Our achievements in network development and the expansion of our digital capabilities have established a strong foundation from which to lead the sector’s transformation and help shape its future direction. Technological advancement remains central to our investment and operational decisions. We continue to expand the use of artificial intelligence, data analytics, and automation to improve productivity and operational efficiency, while strengthening our ability to respond swiftly to change. These capabilities reinforce our competitive position as a leading technology company and prepare our business for a new phase of growth driven by innovation and value creation.”

– Abdulaziz Yaqoub Al-Babtain, Chief Executive Officer, Ooredoo Kuwait

“Our strategy combines effective management of current operations with consistent investment in future capabilities. We direct capital towards areas with lasting strategic impact, develop our people, and strengthen the integration of technology with business performance. This approach sustains our competitive advantage and enables us to translate rapid challenges into opportunities that support growth and strengthen resilience. Our leadership carries a national responsibility that we are proud to uphold advancing digital transformation and strengthening Kuwait’s competitiveness. Advanced infrastructure, investment in Kuwaiti talent, and a broader network of strategic partnerships are essential foundations for a more diversified and productive economy. They also reinforce Ooredoo’s role as a key partner in achieving the objectives of Kuwait Vision 2035. We continue to execute our priorities with confidence and discipline, supported by the strength of our business and the clarity of our strategic direction. Our focus remains on reinforcing Ooredoo’s technology leadership in Kuwait and delivering sustainable growth through innovation and efficiency, creating long-term value for our shareholders and the national economy.”

– Abdulaziz Yaqoub Al-Babtain, Chief Executive Officer, Ooredoo Kuwait

Market performance

• Kuwait: Ooredoo Kuwait’s customer base declined 4% to 2.8 million as at 30 September 2026. Revenue fell 4% to KWD 196 million from KWD 204 million a year earlier, primarily due to lower device sales resulting from delayed handset shipments amid regional geopolitical developments and related supply-chain disruptions. EBITDA increased 12% to KWD 73 million from KWD 65 million. Excluding the one-off bad debt provision recognised in the comparative period, EBITDA grew 6% year-on-year.
• Tunisia: Ooredoo Tunisia’s customer base increased 1% to 7.5 million. Revenue rose 11% to KWD 119 million from KWD 107 million, while EBITDA increased 12% to KWD 51 million from KWD 45 million.
• Algeria: Ooredoo Algeria recorded a 12% increase in its customer base to 16.8 million. Revenue grew 13% to KWD 233 million from KWD 205 million, while EBITDA increased 7% to KWD 101 million from KWD 94 million.
• Palestine: Ooredoo Palestine’s customer base decreased 1% to 1.5 million. Revenue increased 16% to KWD 28 million from KWD 24 million, while EBITDA rose 25% to KWD 12 million from KWD 9 million.
• Maldives: Ooredoo Maldives’ customer base grew 5% to 443,000. Revenue increased 2% to KWD 33 million, while EBITDA rose 3% to KWD 19 million from KWD 18 million in the same period of 2025.

Across the Group, the results reflect revenue and EBITDA growth in several markets, alongside continued investment in digital infrastructure, network capabilities and operational efficiency. Management said it would maintain its focus on sustainable performance, innovation and long-term shareholder value.