Ooredoo Kuwait Group Achieves 11% Revenue Growth, Reaching KWD 197 Million in Q1 2026

Kuwait City, Kuwait – The National Mobile Telecommunications Company K.S.C.P, known as Ooredoo, reported a robust financial performance for the first quarter of 2026, with consolidated revenues reaching KWD 197 million. This marks an 11% increase compared to KWD 178 million in the same quarter of the previous year. The growth was attributed to a strong operational performance across key markets, including Algeria, Tunisia, Kuwait, and Palestine.

Strong Financial Performance

Ooredoo’s financial highlights for Q1 2026 include:

• EBITDA: Increased by 15% to KWD 80 million, up from KWD 70 million in Q1 2025.
• EBITDA Margin: Expanded to 41%, compared to 39% in the previous year.
• Net Profit: Attributable to NMTC rose by 21% to KWD 22 million, up from KWD 18 million in Q1 2025.
• Customer Base: Increased by 5% to 27.7 million, compared to 26.3 million in Q1 2025.

Sheikh Nasser bin Hamad bin Nasser Al Thani, Chairman of the Board of Directors, emphasized the company’s solid start to 2026, highlighting sustained momentum across core markets, particularly in Ooredoo Kuwait. He noted that disciplined execution across the group has contributed to these positive results.

Leadership in the Kuwaiti Market

Abdulaziz Yaqoub Al-Babtain, CEO of Ooredoo Kuwait, stated that the company successfully maintained its leadership position in the Kuwaiti telecommunications market during the first quarter. He pointed out that the focus on service quality and the delivery of integrated digital solutions has been key to meeting the evolving needs of diverse customer segments.

Ooredoo Kuwait’s revenue for Q1 2026 was KWD 67 million, reflecting a 3% increase from KWD 65 million in Q1 2025. EBITDA also rose by 8% to KWD 24 million compared to KWD 22 million in the previous year.

Regional Growth and Strategic Investments

The company’s performance in Algeria and Tunisia was particularly noteworthy. Ooredoo Algeria’s customer base grew by 7% to 15.6 million, with revenue increasing by 16% to KWD 73 million. In Tunisia, the customer base rose by 5% to 7.3 million, and revenue surged by 19% to KWD 37 million.

Sheikh Nasser highlighted the importance of enhancing network quality and expanding high-speed connectivity across all operations. The focus remains on strengthening customer experience, which has contributed to the overall growth in the customer base.

Future Outlook

Looking ahead, Ooredoo plans to continue advancing its strategic priorities through selective investments aimed at sustaining profitable growth. The company is committed to enhancing its digital services and strengthening partnerships across both public and private sectors.

Al-Babtain reiterated the company’s commitment to supporting the national economy by empowering small and medium-sized enterprises and contributing to development initiatives. He noted that Ooredoo Kuwait’s performance in recent studies reflects the success of its strategy, which is centered on innovation and operational efficiency.

Operational Summary

The operational performance of Ooredoo across various markets is summarized as follows:

• Ooredoo – Kuwait: Customer base of 2.9 million; revenue increased by 3% to KWD 67 million; EBITDA rose by 8% to KWD 24 million.
• Ooredoo – Tunisia: Customer base of 7.3 million; revenue increased by 19% to KWD 37 million; EBITDA rose by 28% to KWD 15 million.
• Ooredoo – Algeria: Customer base of 15.6 million; revenue increased by 16% to KWD 73 million; EBITDA rose by 18% to KWD 32 million.
• Ooredoo – Palestine: Customer base of 1.5 million; revenue increased by 10% to KWD 9 million; EBITDA rose by 13% to KWD 3 million.
• Ooredoo – Maldives: Customer base of 429,000; revenue remained at KWD 11 million; EBITDA increased by 4% to KWD 6 million.

For further details, visit Ooredoo’s official website. Source: www.zawya.com.

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Published on 2026-04-26 10:55:00 • By the Editorial Desk