Ooredoo delivered steady financial and operational growth in 2025, supported by rising ARPU, customer expansion and increased investments in network and digital infrastructure. The telecom operator is accelerating its transformation into a regional digital infrastructure provider through its new RISE strategy while maintaining strong profitability.
“Building on the delivery of our five-pillar strategy, we launched RISE to drive sustainable value. Under RISE, we will expand and diversify into new revenue streams through digital infrastructure and adjacent platforms, which are expected to contribute around 15 percent of revenue by 2030,” Aziz Aluthman Fakhroo, CEO of Ooredoo Group, said.
Ooredoo revenue rises to QAR 24.6 billion
Ooredoo generated revenue of QAR 24.6 billion for the full year, representing a 4 percent increase. Excluding the impact of its Myanmar exit, revenue growth reached 6 percent.
Growth was driven by strong performance across key markets including Algeria, Iraq, Tunisia, Kuwait and Qatar. The company attributed this momentum to improved network quality, wider coverage and ongoing investments in customer experience.
ARPU growth supports top line performance
Ooredoo reported that initiatives to increase average revenue per user played an important role in overall growth.
Key market highlights include:
Kuwait saw revenue growth supported by higher ARPU and the acquisition of high value customers.
Algeria recorded strong ARPU growth, driven by continued demand for data and voice services.
Customer base expands to 53.3 million
Ooredoo’s consolidated customer base grew 3 percent to reach 53.3 million subscribers. When including Indosat Ooredoo Hutchison, total customers reached 147.1 million, up 1 percent.
Major subscriber milestones:
Asiacell in Iraq reached an all time high of 20 million customers, up 5 percent.
Algeria increased its subscriber base to 15.3 million, growing 4 percent.
RISE strategy focuses on digital infrastructure and diversification
Ooredoo introduced its refreshed strategic framework, RISE – Refresh, Intensify, Scale and Expand – to accelerate its shift toward becoming a digital infrastructure leader.
Key pillars of the strategy include:
Expansion into new revenue streams such as data centers, towers, subsea cables and fintech.
Target for these new segments to contribute about 15 percent of group revenue by 2030.
Launch of sovereign AI cloud services in Qatar through its data center arm Syntys, powered by NVIDIA GPUs.
Capex jumps 44 percent to boost infrastructure
Ooredoo significantly increased capital expenditure to support network and infrastructure upgrades.
Total Capex reached QAR 4.6 billion in 2025, a 44 percent increase year over year.
Capex to revenue ratio rose to 19 percent from 13 percent in 2024. In Q4-2025, Capex to revenue ratio rose to 27 percent from 21 percent in Q4-2024.
Investments focused on network performance and infrastructure in Iraq, Algeria, Tunisia, Qatar and Kuwait, as well as Syntys data center expansion.
Profitability remains strong despite higher investments
Ooredoo maintained strong operational discipline while ramping up investments.
Net profit grew 12 percent to QAR 3.9 billion.
EBITDA margin remained robust at 42.6 percent.
Results included a one time restructuring cost of QAR 151 million in Oman aimed at improving long term efficiency.
Cost optimization in mature markets such as Qatar and efficiency gains in Iraq and Kuwait supported profitability.
Ooredoo Kuwait
Ooredoo Kuwait delivered strong growth in 2025 despite operating in a mature and highly saturated market. The customer base increased 1 percent year over year to reach 2.9 million subscribers.
Total revenue rose 4 percent year over year to QAR 3,253 million, supported by a 7 percent increase in service revenue driven by higher ARPU and continued acquisition of high quality customers. Overall revenue growth was partially offset by lower device sales compared to the previous year. EBITDA grew 27 percent to QAR 1,067 million, with EBITDA margin improving by 6 percentage points to 33 percent.
Ooredoo Oman
Ooredoo Oman delivered a resilient performance in 2025 despite strong competition and pressure on service revenue. Its customer base by 5 percent to 2.9 million subscribers.
Revenue declined 4 percent year over year to QAR 2,292 million. EBITDA fell 20 percent to QAR 862 million, impacted by revenue headwinds and a restructuring initiative that included QAR 151 million in one off costs.
Asiacell Iraq
Asiacell delivered strong growth in 2025 driven by customer expansion, rising data demand and continued network investments. The customer base reached an all time high of 20 million subscribers, up 5 percent.
Revenue increased 8 percent year over year to QAR 5,583 million, while EBITDA also grew 8 percent to QAR 2,564 million. EBITDA margin remained stable at 46 percent, reflecting strong cost discipline despite ongoing infrastructure investments.
Ooredoo Palestine
Ooredoo Palestine focused on maintaining connectivity and operational resilience in 2025 despite ongoing external challenges. The customer base decreased 4 percent year over year to 1.5 million, as the company continued prioritizing service continuity and network reliability.
Revenue declined 3 percent year over year to QAR 387 million. EBITDA increased 2 percent to QAR 148 million. EBITDA margin improved by 2 percentage points to 38 percent, reflecting strong cost control and operational efficiency.
Ooredoo Algeria
Ooredoo Algeria delivered exceptional growth in 2025, remaining one of the Group’s key growth engines with strong revenue, EBITDA and customer expansion. The customer base grew 4 percent to 15.3 million, supported by targeted acquisition, improved retention and enhanced user experience.
Revenue increased 16 percent year over year to QAR 3,301 million, supported by strong ARPU growth and continued demand for data and voice services. The company secured a 5G license in July and launched nationwide 5G in December, accelerating its digital expansion.
EBITDA rose 24 percent to QAR 1,481 million, with EBITDA margin improving by 3 percentage points to 45 percent, driven by strong revenue growth and disciplined operations.
Ooredoo Tunisia
Ooredoo Tunisia delivered double digit growth in 2025 driven by strong mobile and fixed service performance. The customer base grew 3 percent to 7.2 million.
Revenue increased 12 percent year over year to QAR 1,726 million, supported by high quality subscriber acquisition, improved customer value management and rising demand for high speed broadband. Growth in the fixed segment was boosted by fibre and 4G and 5G FWA services, with 5G FWA adoption accelerating after its full commercial launch in February 2025.
EBITDA rose 13 percent to QAR 724 million, while EBITDA margin remained stable at 42 percent.
In January 2026, Eyas Naif Assaf was appointed CEO of Ooredoo Tunisia, supporting leadership continuity and the next phase of growth.
Outlook
Ooredoo’s 2025 results highlight its transition from a traditional telecom operator to a broader digital infrastructure provider. With rising ARPU, expanding subscriber growth and increased investments in AI cloud, data centers and connectivity infrastructure, the company is positioning new digital services to become a meaningful contributor to revenue by the end of the decade.
BABURAJAN KIZHAKEDATH
