Ooredoo Group's financial results for Q1 2023 | Ahmad Al-Neama posted on the topic | LinkedIn (2025)

Ahmad Al-Neama

Group Regional CEO at Ooredoo Group

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Ooredoo Group's financial results for the first 9 months of 2023 are out and they’re robust!Take a look at the highlights:✔Revenue: 2% growth to QAR 17.2 billion✔EBITDA: 4% increase to QAR 7.4 billion, with a 1% increase in EBITDA margin✔Normalized Net Profit: Increased to QAR 2.5 billion, a 19% boost✔CAPEX: QAR 1.6 billion, maintaining capex intensity✔Strong Normalised Free Cash Flow: 8% growth to QAR 5.7 billion✔Customer Base: 156.1 million, up 1% (including IOH) Ooredoo Palestine saw a YoY increase in revenue when measured in local currency terms, reaching QAR 305 million despite a challenging and volatile political and economic environment. EBITDA increased by 5% and customer base by 3% YoY to reach 1.4 million, thanks to an upgraded customer experience and an enhanced product offering. Ooredoo Algerie recorded a 2% growth in its customer base to reach 13.2 million. This growth was primarily driven by the ongoing network densification to improve customer satisfaction in coverage and experience. Revenues increased 9% to QAR 1,806 million. EBITDA increased 17% to QAR 732 million. Ooredoo Algeria strengthened its network capacity and maintained high positions in Data Network Performance benchmarks by deploying new 4G sites, ensuring a reliable customer network experience. Ooredoo Tunisie grew its customer base by 1% to 7.3 million. Revenues stood at QAR 1,096 million. EBITDA stood at QAR 417 million. The company remains proactive in optimising cost structures and implementing initiatives to enhance operational efficiency. PT. Indosat Tbk grew its customer base by 1% to 99.4 million. In local currency, the operation delivered a solid performance, recording a substantial 9% growth YoY in Revenue. EBITDA also increased by 24% YoY. Ooredoo Maldives grew its customer base by 4%, reaching almost 400k. Revenue increased 8% to QAR 364 million with growth across all business segments. Healthy EBITDA growth of 10% to QAR 201 million on higher gross profit and effective cost control measures. Ooredoo Maldives recently celebrated its 18th anniversary and inaugurated a state-of-the-art headquarters. They integrated the eFaas National Digital Identity platform for streamlined customer verification and introduced m-Faisaa as a payment option in collaboration with Landhoo Council. Ooredoo Myanmar recorded an 11% YoY increase in customer base, reaching 8.4 million. On a local currency basis, revenue grew 3%. EBITDA remained flat. The company empowered young women with digital and leadership skills through its ongoing programmes.Our ongoing achievements mirror our firm commitment to excellence and our promise to provide value to both our shareholders and customers. Thank you to everyone at Ooredoo for contributing to our success. Read more here: http://ore.do/quarterthree#Ooredoo #UpgradeYourWorld #Growth #Strategy #WeAreOoredoo

  • Ooredoo Group's financial results for Q1 2023 | Ahmad Al-Neama posted on the topic | LinkedIn (2)

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Islam Hamoudi

CEO

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Excellent achievement, congratulations

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Amir Ghaly

Business Builder | Advisor | Business Development MEA | Fintech | Telcos | GTM | Consultancy | Partners Management | Payments | Strategy | Speaker (18K+Connections,45 Countries Coverage)

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congratulations Ahmed for the solid figures and great team achievements

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Lalbahadur Rajput

ELECTRICIAN.ENGIE

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Congratulations sir 👏

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Ayman Irziqat, MBA, PhD Candidate

Associate Sr. Manager, Corporate Sales at Ooredoo Palestine

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Congratulations

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Shadi Qawasmi

Chief Commercial Officer at Ooredoo Palestine

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Congratulations 👏

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