Vodafone Qatar announced its financial results for the three months ended March 31, 2026, marking a strong start to the year and reflecting a sustained growth trajectory and consistent improvement across its financial and operational performance.
Vodafone Qatar sustained its growth momentum in Q1 2026, reporting a net profit of QR201 million for the three months ended 31 March 2026, reflecting a significant increase of 24 per cent year-on-year, mainly driven by continued revenue growth across core services and ongoing focus on cost efficiency.
Total revenue for the period increased by 7.1 per cent year-on-year to QR914 million, due to sustained growth across the company’s core business lines, including mobility, managed services, fixed broadband, and Internet of Things (IoT). Service revenue grew by 9.4 per cent to QR787 million.
EBITDA for the period exceeded QR406 million, reflecting a growth of 13.4 per cent year-on-year, positively impacted by higher service revenue and disciplined cost management. As a result, EBITDA margin improved by 2.5 percentage pointsto 44.5 per cent. On an underlying basis, excluding equipment revenue, EBITDA margin reached 50 per cent. Vodafone Qatar is now serving 2.1 million mobile customers.
The company generated robust operating free cash flow of QR258 million in the quarter, supported by strong collections and disciplined working capital management.
Net profit margin increased to 22 percent, up by 3.0ppts compared to the previous year. This performance translated into an annualised return on equity (ROE) of 15 per cent, an improvement of 1.34 ppts, demonstrating Vodafone Qatar’s continued focus on enhancing profitability and delivering sustainable value to its shareholders.
