Vodafone Qatar has reported that net profit increased by 22% to QR401mn in H1 2026, delivering a strong first half and continued growth across its key financial and operational metrics.The strong performance was driven by continued growth across the company’s core business lines, including mobility, managed services, fixed broadband, Internet of Things (IoT), and wholesale, supported by disciplined cost management and robust cash generation.
Total revenue for the period increased by 3.1% year-on-year (y-o-y) to QR1.8bn. Service revenue grew by 9.3% to QR1.59bn. Vodafone Qatar is now serving 2.1mn mobile customers, representing an increase of 0.8% y-o-y.EBITDA for the period increased by 10.6% y-o-y to QR810mn, positively impacted by strong service revenue and continued effectiveness in implementing the company’s cost optimisation programme. As a result, EBITDA margin improved by 3.1 ppts to 44.9%.
Excluding equipment, underlying EBITDA margin reached 49.3%.The company generated robust operating free cash flow of QR344mn in the first half of the year. Net profit margin increased to 22.3%, up by 3.5 ppts compared to H1 FY2025. This performance translated into an annualised return on equity (ROE) of 14.9% in H1 2026, reflecting a 1.3ppts increase compared to FY 2025. The result underscores the company’s continued commitment to delivering sustainable value to its shareholders.