Qatar: Ooredoo's profits up 5% in Q1-25
Qatar - National Mobile Telecommunications Company (Ooredoo) achieved profits attributable to the owners amounting to QAR 960 million in the first quarter (Q1) of 2025, up 5% from QAR 913 million in Q1-24.
Total revenues stood at QAR 5.85 billion as of 31 March 2025, compared to QAR 5.86 billion, according to the financial results.
Earnings per share (EPS) went up year-on-year (YoY) to QAR 0.30 in Q1-25 from QAR 0.29.
The group reported total assets amounting to QAR 61.13 billion at the end of March 2025, versus QAR 60.94 billion as of 31 December 2024.
Aziz Aluthman Fakhroo, CEO of Ooredoo, said: 'Ooredoo Group began the year on a strong note underpinned by sustained operational momentum across our markets with a focus on efficiencies and execution of key strategic initiatives.'
Fakhroo added: 'Excluding the impact of the Myanmar exit, Revenue increased by 3% YoY to QAR 5.80 billion and EBITDA grew by 2% to QAR 2.50 billion. EBITDA margin was maintained at 43%. The group's performance during the quarter was bolstered by strong growth in Kuwait, Algeria, and Iraq.'
Source: Mubasher
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
2 days ago
- Zawya
Banking, realty, energy sectors drive Qatari-listed companies' earnings in Q1
Doha, Qatar: The total earnings for Qatari-listed companies witnessed a marginal gain of 0.9% during the first quarter (Q1) of this year to reach $3.62bn as compared to $3.59bn in Q1-2024. The surge in earnings was primarily driven by earnings growth in the Banking, Real Estate and Energy sectors. Qatar's banking sector reported a profit growth of 1.1% in Q1-2025 that reached $2.09bn accounting for 57.7% of the overall exchange profits during the quarter, according to Kamco Invest GCC Corporate Earnings report. QNB's net profit reached $1.2bn in Q1-2025, up 2.9% compared to $1.1bn in Q1-2024, driven by higher operating income which increased 5.3% to reach $3bn. The bank reported a 6% increase in customer deposits while loans and advances increased by 9% to reach $260.1bn. Meanwhile, QIB's net profit surged 3.2% in Q1-2025 to reach $270.2m versus $261.9m in Q1-2024. The bank reported higher net interest income and non-interest income and a marginal decline in quarterly impairments during Q1-2025. The net profits for Qatar International Islamic Bank increased by 6.4% to $97.7m Q1-2025 from $91.9m in Q1-2024 mainly led by an increase in net interest income that more than offset a decline in non-interest income. A fall in impairments during Q1-2025 also supported bottom-line growth during Q1-2025. In the Telecom sector, Ooredoo reported net profits of $263.3m in Q1-2025 as compared to $250.3m in Q1-2024, up by 5.2% mainly led by lower forex impact during the quarter as well as a fall in interest expense. Meanwhile Vodafone Qatar reported a net profit of $44.5m for Q1-2025, representing an increase of 8.2% y-o-y compared to $41.2m in Q1-2024. The total revenue increased by 6.1% y-o-y to reach $234.8m due to sustained growth across all core business segments, including mobility, fixed broadband services, managed services, Internet of Things (IoT), handsets and others. Service revenue grew by 2.5% to $198m. EBITDA increased by 6.1% to reach $98.3m impacted by the higher service revenue. EBITDA margin remained stable at 41.9%. The net profits for the Energy sector improved by 7.5% y-o-y to reach $242.9m supported by profits reported by Gulf International Services Co. and Qatar Gas Transport Co. (Nakilat). Net profits for Gulf International Services Co. increased by 37.8% to reach $60.9m in Q1-2025 versus $44.2m for Q1-2024 driven by the strong results from the aviation, drilling, and insurance segments. The drilling segment recorded stronger performance driven by increased rig move activity during the current quarter in addition to higher rig utilization. The aviation segment benefited from higher contributions from the MRO segment, supported by additional third-party engine overhaul works. Meanwhile, revenue growth in the insurance segment was attributed to the higher earned portion of policies issued during the quarter. Qatar Gas Transport Co. posted a net profit increase of 3.2% to reach $118.8m in Q1-2025 versus $115.1m in Q1-2024 mainly led by the increase in revenue due to strong demand from wholly owned vessels, partially offset by lower contributions from LNG and LPG joint ventures. This was achieved despite lower income due to capital allocation towards the newbuild program. The company's LPG joint venture outperformed during the quarter mainly due to improved charter rates, cost efficiencies and increased operating days due to two vessels drydocking in Q1-2024. The aggregate net profits reported companies listed on GCC exchanges increased by 2.0% y-o-y during Q1-2025 to reach $58.6 Bn as compared to $57.4 bn in Q1-2024. The marginal improvement in profitability was mainly led by a y-o-y increase in profits for Banks, Telecom and Real Estate sectors that more than offset a decline in profits for the Energy, Materials and F&B sectors. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
Campaign ME
14-05-2025
- Campaign ME
Ooredoo Qatar picks FP7 McCann Doha as integrated marketing and comms partner
FP7 McCann Doha has been appointed as the integrated marketing and communications agency partner for Ooredoo Qatar. The multi-year partnership, effective from March 2025, will see the agency lead creative strategy, digital, content, and production services across all consumer and business segments. Mohamed Kabbani, Director Campaigns and Creative Studios, Ooredoo Group, said, 'We looked for a partner who could combine creative vision with a deep understanding of our business and customers, and FP7McCann brought both the strategic expertise and creative energy we need for the next chapter.' Kabbani added, 'Their strong regional presence and proven track record across diverse markets made them a natural choice for this next phase of our brand journey. We're looking forward to what we'll build together.' FP7 McCann Doha will work closely with the Ooredoo marketing and brand teams to drive consumer engagement, strengthen brand equity, and support business growth through effective, insight-driven creative solutions. As part of the mandate, FP7 McCann Doha will oversee end-to-end communications across Ooredoo's portfolio. The scope includes brand and marketing strategy development; integrated creative campaign ideation and execution across above-the-line (ATL), below-the-line (BTL), digital, social and experiential platforms; digital marketing and content creation; social media management and planning; full-scale production across television commercials (TVCs), radio, digital, and OOH, creative support for events and activations, and performance reporting and campaign analytics. Commenting on the win, Moustapha Mikaty, General Manager at FP7 McCann Doha, said: 'This partnership is a true meeting of minds. Ooredoo is one of the most recognised and respected brands in the region, and we're proud to support their next chapter with brand-building ideas that deliver tangible business results.' Mikaty added, 'Our focus will be on combining data, creativity, and cultural insight to drive deeper customer engagement and measurable impact.' The win reflects the agency's continued investment in Qatar's marketing landscape, where it made history when it brought a Cannes Lions award home to the country, reinforcing the nation's presence on the global creative stage.
Zawya
13-05-2025
- Zawya
FP7McCann Doha wins multi-year strategic marketing & communications partnership with Ooredoo Qatar
Doha - FP7McCann Doha has been appointed as the integrated marketing and communications agency partner for Ooredoo Qatar. The multi-year partnership, effective from March 2025, will see the agency lead creative strategy, digital, content, and production services across all consumer and business segments. This appointment represents a pivotal moment in the growth journey of both brands, building on FP7McCann's 30 years of momentum across the MENAT region. FP7McCann Doha will work closely with the Ooredoo marketing and brand teams to drive consumer engagement, strengthen brand equity, and support business growth through impactful, insight-driven creative solutions. As part of the mandate, FP7McCann Doha will oversee end-to-end communications across Ooredoo's portfolio. The scope includes brand and marketing strategy development, integrated creative campaign ideation and execution across ATL, BTL, digital, social, and experiential platforms, digital marketing and content creation, social media management and planning, full-scale production across TVCs, radio, digital, and OOH, creative support for events and activations, and performance reporting and campaign analytics. The agency's integrated model is designed to align creativity with business objectives, ensuring measurable impact and long-term brand value. Mohamed Kabbani – Director Campaigns & Creative Studios – Ooredoo Group says: We looked for a partner who could combine creative vision with a deep understanding of our business and customers, and FP7McCann brought both the strategic expertise and creative energy we need for the next chapter. Their strong regional presence and proven track record across diverse markets made them a natural choice for this next phase of our brand journey. We're looking forward to what we'll build together.' Commenting on the win, Moustapha Mikaty, General Manager at FP7McCann Doha, said: 'This partnership is a true meeting of minds. Ooredoo is one of the most recognised and respected brands in the region, and we're proud to support their next chapter with brand-building ideas that deliver tangible business results. Our focus will be on combining data, creativity, and cultural insight to drive deeper customer engagement and measurable impact.' The win also reflects the agency's continued investment in Qatar's marketing landscape, where it made history as the first agency to bring a Cannes Lions award home to the country, reinforcing the nation's presence on the global creative stage. For media and PR related inquiries, please reach out to: Roksar Kamal, PR Manager About FP7McCann Established in Beirut in 1968, FP7McCann is a full-service creative agency, with connected marketing solutions across advertising, digital, social and production. As one of the largest regional networks, FP7McCann has 14 offices across 14 countries. The agency network has been consistently recognized for its standout creativity, effectiveness, and culture; recent highlights include being the no. 1 most awarded agency in MENAT at Cannes Lions 2023, no. 1 MENAT agency at NY Festivals and the Webby Awards 2023, Agency of the Year at the MENA Effie Awards for eight consecutive years and receiving the prestigious Great Place To Work accolade in 2023, 2024 and 2025 and awarded as 2# MENA Agency of the Year in Dubai Lynx 2025. (rewrite) FP7McCann is part of McCann Worldgroup, one of Fast Company's Most Innovative Companies of 2023. FP7McCann is also a flagship agency of the MCN (Middle East Communications Network) group. For more information, visit: About MCN MCN (Middle East Communications Network), part of IPG, is a leading advertising and marketing communications group in MENAT, which partners with clients to build enduring brands. MCN's multi-discipline agencies, spanning creative, media, digital, PR, data, brand experience and specialist marketing, include globally renowned agency brands; FP7McCann, MullenLowe, UM, Magna, Initiative, KINESSO, MRM, McCann Health, Momentum, Craft, Weber Shandwick, Commonwealth/McCann, Jack Morton, Octagon and Current Global. With approximately 2,000 employees across 11 markets, MCN is committed to cultivating an inclusive environment where talent can thrive, earning recognition as a Great Place to Work for three consecutive years (2023–2025), awarded as Fast Company's Most Innovative Companies in 2024, and winning Agency Network of the Year 2024 by Campaign Middle East. Connect with us on LinkedIn and Instagram. For more information about MCN and our leading agencies, please visit
