Vodafone Qatar reported a net profit of QR 611 million for the first nine months of 2026, marking a 23.7 percent increase compared to the same period in 2025. The company attributed this growth to its diversified portfolio and strong performance across key service segments, including mobility, managed services, fixed broadband, Internet of Things (IoT), and wholesale.

For the nine months ended 30 September 2026, Vodafone Qatar’s total revenue rose 4.7 percent year-on-year to QR 2.7 billion, while service revenue increased by 8.1 percent to QR 2.4 billion. The company now serves 2.1 million mobile customers, reflecting a 1.2 percent increase compared to the previous year.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 10.9 percent to QR 1.2 billion, driven by higher service revenue and ongoing cost optimization efforts. This resulted in an expanded EBITDA margin of 45 percent, a 2.5 percentage point improvement, with the underlying margin excluding equipment reaching 49.5 percent.

Vodafone Qatar generated operating free cash flow of QR 669 million during the period, indicating strong cash conversion alongside continued investment in its operations. The net profit margin rose by 3.5 percentage points to 22.6 percent. Additionally, the company reported an annualized return on equity (ROE) of 15.1 percent, up 1.5 percentage points from the previous fiscal year, signaling sustained efforts to enhance shareholder value.

The company emphasized that disciplined cost management and robust cash generation remain key drivers of its financial performance, while maintaining its strategic focus on expanding service offerings and customer base in the Qatari market.