Vodafone Qatar delivered strong financial and operational performance in 2025, reflecting the effectiveness of our strategy, continued innovation, and disciplined execution across the business. The year represented a period of sustained momentum as we further strengthened our digital and technological capabilities, advanced key strategic initiatives, and reinforced our position as a key enabler of Qatar’s rapidly evolving digital economy.
Our commitment to digital innovation continued to set new benchmarks at the local, regional, and global levels. Throughout the year, we accelerated the development of next-generation products and services, enhanced customer experience across all touchpoints, and expanded our portfolio of digital solutions to meet the growing and increasingly sophisticated needs of consumers, enterprises, and government partners.
Guided by a strong customer-centric approach, we remained focused on delivering world-class connectivity, resilient network performance, and innovative digital services that empower individuals and businesses alike. At the same time, we continued to invest in future-ready infrastructure, data-driven capabilities, and strategic partnerships, ensuring long-term value creation and sustainable growth while supporting Qatar’s national digital transformation agenda.
A Year of Transformation and Innovation
2025 was defined by significant progress across technology, business development, and community engagement. We deepened our ecosystem through strategic partnerships with global technology leaders and local innovators, signing several high-profile memoranda of understanding at major international platforms, including Web Summit 2025 and Mobile World Congress (MWC) Doha 2025. These collaborations included local and international partners, reinforcing our position at the centre of Qatar’s digital innovation landscape.
Vodafone Qatar continues to proactively identify and deploy cutting-edge digital technologies across key sectors of the national economy. In partnership with the health care sector, we launched secure, data-driven healthcare solutions powered by advanced 5G connectivity, Internet of Things (IoT), and cloud technologies. These solutions enable smart healthcare systems, real-time remote patient monitoring, and enhanced coordination of care across the healthcare ecosystem, leading to improved patient outcomes, greater operational efficiency, and more effective use of clinical resources. These advancements support the long-term transformation of healthcare delivery in Qatar, enabling a more integrated, patient-centric, and digitally enabled healthcare system aligned with national health priorities.
Sustainability remained integral to our operations and decision-making throughout the year. We ensured that our initiatives were aligned with national development priorities, including the Qatar National Vision 2030, while adhering to international best practices that support the delivery of resilient, secure, and future-ready telecommunications services.
Our long-standing commitment to occupational health and safety was formally recognised with the achievement of ISO 45001:2018 certification, reflecting years of disciplined practice, continuous improvement, and a deeply embedded culture of care for our people, partners, and stakeholders.
As one of Qatar’s leading digital infrastructure providers, we continued to explore new ways to serve our customers. During the year, we expanded and enhanced our service offerings to provide greater flexibility, rewards and value, in line with evolving customer expectations.
Financial Highlights
The Company reported a net profit of QR 702 million for the financial year 2025, reflecting 16.8% increase compared to the previous year, mainly driven by solid revenue growth and sustained cost discipline.
Total revenue increased by 8.1% year-on-year to QR 3.4 billion due to growth across all core business segments, including mobility, managed services, fixed broadband, handsets and equipment. Service revenue grew by 5.0% reaching QR 3 billion. Vodafone Qatar expanded its customer base to 2.2 million mobile customers, representing an increase of 3.2% year-on-year
EBITDA for the period exceeded QR 1.5 billion, increasing by 10.5% year-on-year, driven by higher service revenue and disciplined cost management. As a result, the reported EBITDA margin improved to 43.7%, expanding by 1ppts year-on-year. On an underlying basis, excluding equipment and one-off items, EBITDA margin reached 48.6%.
The Company delivered robust operating free cash flow of QR 780 million, representing an increase of 40.9% year-on-year, supported by strong collections and disciplined working capital management.
Lastly, the Company achieved a net profit margin of 20.4%, marking a 1.5ppts increase year-on-year. This translated into a return on equity (ROE) of 13.6% for 2025, reflecting 1.6ppts improvement compared to FY 2024. These results underscore the Company’s continued focus to deliver sustainable long-term shareholder value.
Based on Vodafone Qatar’s commitment to enhance shareholder returns and the strong financial performance, the Board of Directors has recommended the distribution of a cash dividend of 12% of the nominal share value, equivalent to QR 0.12 per share, subject to shareholders approval at the Company’s next Annual General Assembly.
In addition, the Board of Directors has approved a cash dividend of 12% for the next financial year, to be distributed as quarterly interim dividends representing 20% of the annual dividend per quarter, with the remaining 40% to be paid as a final dividend at year-end. The dividend distribution will be subject to the Company’s quarterly financial performance, review and approval by the Board of Directors and obtaining all required regulatory approvals.
A Word of Appreciation
The Board of Directors extends its sincere thanks and appreciation to His Highness Sheikh Tamim bin Hamad bin Khalifa Al Thani for his wise leadership and insightful vision, which has been and continues to inspire us during our journey towards the development of the country’s telecommunications and technology sectors in line with the Qatar National Vision 2030.
We would also like to extend our sincere thanks and appreciation to the regulators and government entities, in particular the Communication Regulatory Authority, the Ministry of Communications and Information Technology, the Ministry of Commerce and Industry, the Qatar Financial Markets Authority, Qatar Stock Exchange and EDAA, for their support in fostering a dynamic and transparent environment that supports innovation and stimulates sustainable growth.
We also express our sincere appreciation to the esteemed members of the Board of Directors for their insightful vision and guidance, which have always had a positive impact on the company’s performance and its established position. We thank the executive management for implementing the company’s strategy in an outstanding manner and for their successful leadership, and we extend our gratitude to all company employees for their dedication and commitment to work, which form the foundation of our success and the continuity of our achievements.
In conclusion, we would like to thank our valued customers and shareholders for their continued trust and cooperation and look forward to further achievements in 2026, reaffirming our commitment at Vodafone Qatar to provide higher value services, embrace cutting-edge technological innovations, and contribute to shaping Qatar’s digital future.
Vodafone Qatar delivered strong financial and operational performance in 2025, reflecting the effectiveness of our strategy, continued innovation, and disciplined execution across the business. The year represented a period of sustained momentum as we further strengthened our digital and technological capabilities, advanced key strategic initiatives, and reinforced our position as a key enabler of Qatar’s rapidly evolving digital economy.
Our commitment to digital innovation continued to set new benchmarks at the local, regional, and global levels. Throughout the year, we accelerated the development of next-generation products and services, enhanced customer experience across all touchpoints, and expanded our portfolio of digital solutions to meet the growing and increasingly sophisticated needs of consumers, enterprises, and government partners.
Guided by a strong customer-centric approach, we remained focused on delivering world-class connectivity, resilient network performance, and innovative digital services that empower individuals and businesses alike. At the same time, we continued to invest in future-ready infrastructure, data-driven capabilities, and strategic partnerships, ensuring long-term value creation and sustainable growth while supporting Qatar’s national digital transformation agenda.
A Year of Transformation and Innovation
2025 was defined by significant progress across technology, business development, and community engagement. We deepened our ecosystem through strategic partnerships with global technology leaders and local innovators, signing several high-profile memoranda of understanding at major international platforms, including Web Summit 2025 and Mobile World Congress (MWC) Doha 2025. These collaborations included local and international partners, reinforcing our position at the centre of Qatar’s digital innovation landscape.
Vodafone Qatar continues to proactively identify and deploy cutting-edge digital technologies across key sectors of the national economy. In partnership with the health care sector, we launched secure, data-driven healthcare solutions powered by advanced 5G connectivity, Internet of Things (IoT), and cloud technologies. These solutions enable smart healthcare systems, real-time remote patient monitoring, and enhanced coordination of care across the healthcare ecosystem, leading to improved patient outcomes, greater operational efficiency, and more effective use of clinical resources. These advancements support the long-term transformation of healthcare delivery in Qatar, enabling a more integrated, patient-centric, and digitally enabled healthcare system aligned with national health priorities.
Sustainability remained integral to our operations and decision-making throughout the year. We ensured that our initiatives were aligned with national development priorities, including the Qatar National Vision 2030, while adhering to international best practices that support the delivery of resilient, secure, and future-ready telecommunications services.
Our long-standing commitment to occupational health and safety was formally recognised with the achievement of ISO 45001:2018 certification, reflecting years of disciplined practice, continuous improvement, and a deeply embedded culture of care for our people, partners, and stakeholders.
As one of Qatar’s leading digital infrastructure providers, we continued to explore new ways to serve our customers. During the year, we expanded and enhanced our service offerings to provide greater flexibility, rewards and value, in line with evolving customer expectations.
Financial Highlights
The Company reported a net profit of QR 702 million for the financial year 2025, reflecting 16.8% increase compared to the previous year, mainly driven by solid revenue growth and sustained cost discipline.
Total revenue increased by 8.1% year-on-year to QR 3.4 billion due to growth across all core business segments, including mobility, managed services, fixed broadband, handsets and equipment. Service revenue grew by 5.0% reaching QR 3 billion. Vodafone Qatar expanded its customer base to 2.2 million mobile customers, representing an increase of 3.2% year-on-year.
EBITDA for the period exceeded QR 1.5 billion, increasing by 10.5% year-on-year, driven by higher service revenue and disciplined cost management. As a result, the reported EBITDA margin improved to 43.7%, expanding by 1ppts year-on-year. On an underlying basis, excluding equipment and one-off items, EBITDA margin reached 48.6%.
The Company delivered robust operating free cash flow of QR 780 million, representing an increase of 40.9% year-on-year, supported by strong collections and disciplined working capital management.
Lastly, the Company achieved a net profit margin of 20.4%, marking a 1.5ppts increase year-on-year. This translated into a return on equity (ROE) of 13.6% for 2025, reflecting 1.6ppts improvement compared to FY 2024. These results underscore the Company’s continued focus to deliver sustainable long-term shareholder value.
Based on Vodafone Qatar’s commitment to enhance shareholder returns and the strong financial performance, the Board of Directors has recommended the distribution of a cash dividend of 12% of the nominal share value, equivalent to QR 0.12 per share, subject to shareholders approval at the Company’s next Annual General Assembly.
In addition, the Board of Directors has approved a cash dividend of 12% for the next financial year, to be distributed as quarterly interim dividends representing 20% of the annual dividend per quarter, with the remaining 40% to be paid as a final dividend at year-end. The dividend distribution will be subject to the Company’s quarterly financial performance, review and approval by the Board of Directors and obtaining all required regulatory approvals.
A Word of Appreciation
The Board of Directors extends its sincere thanks and appreciation to His Highness Sheikh Tamim bin Hamad bin Khalifa Al Thani for his wise leadership and insightful vision, which has been and continues to inspire us during our journey towards the development of the country’s telecommunications and technology sectors in line with the Qatar National Vision 2030.
We would also like to extend our sincere thanks and appreciation to the regulators and government entities, in particular the Communication Regulatory Authority, the Ministry of Communications and Information Technology, the Ministry of Commerce and Industry, the Qatar Financial Markets Authority, Qatar Stock Exchange and EDAA, for their support in fostering a dynamic and transparent environment that supports innovation and stimulates sustainable growth.
We also express our sincere appreciation to the esteemed members of the Board of Directors for their insightful vision and guidance, which have always had a positive impact on the company’s performance and its established position. We thank the executive management for implementing the company’s strategy in an outstanding manner and for their successful leadership, and we extend our gratitude to all company employees for their dedication and commitment to work, which form the foundation of our success and the continuity of our achievements.
In conclusion, we would like to thank our valued customers and shareholders for their continued trust and cooperation and look forward to further achievements in 2026, reaffirming our commitment at Vodafone Qatar to provide higher value services, embrace cutting-edge technological innovations, and contribute to shaping Qatar’s digital future.
