Slides
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31 July 2025 OOREDOO GROUP For the six-month period ended 30 June 2025 RESULTS PRESENTATION
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| | | | • Ooredoo (parent company Ooredoo Q.P.S.C.) and the group of companies which it forms part of (“Ooredoo Group”) cautions investors that certain statements contained in this document state Ooredoo Group management's intentions, hopes, beliefs, expectations, or predictions of the future and, as such, are forward-looking statements • Ooredoo Group management wishes to further caution the reader that forward-looking statements are not historical facts and are only estimates or predictions. Actual results may differ materially from those projected as a result of risks and uncertainties including, but not limited to: o Our ability to manage domestic and international growth and maintain a high level of customer service o Future sales growth o Market acceptance of our product and service offerings o Our ability to secure adequate financing or equity capital to fund our operations o Network expansion o Performance of our network and equipment o Our ability to enter into strategic alliances or transactions o Cooperation of incumbent local exchange carriers in provisioning lines and interconnecting our equipment o Regulatory approval processes o Changes in technology o Price competition o Other market conditions and associated risks • This presentation does not constitute an offering of securities or otherwise constitute an invitation or inducement to any person to underwrite, subscribe for or otherwise acquire or dispose of securities in any company within the Ooredoo Group • The Ooredoo Group undertakes no obligation to update publicly or otherwise any forward-looking statements, whether as a result of future events, new information, or otherwise • All figures in this presentation are rounded for ease of reference. As a result, totals may not sum precisely due to rounding 2 Disclaimer
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| | | |31 July 2025 Aziz Aluthman Fakhroo Group CEO Operations review Strategic and results review Abdulla Ahmed Al-Zaman Group CFO Presenters
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| | | || | Overview of H1 2025 4 Delivering strong progress and tangible results in H1 2025 Double digit growth in Algeria High-single digit growth in Iraq and Tunisia Net profit growth of 4% YoY Soild EBITDA margin at 43% Investment grade rating | Leverage at 0.7x Strong cash position of QAR 14.8 billion QAR5.5 billion available in undrawn facilities Executional strength | Strong performance in high growth markets Building sustainable value through profitability Delivering on strategic priorities | Unlocking value through partnerships Strong financial discipline and a robust balance sheet Towers: Qatar closing progressing Launched Syntys and partnered with Iron Mountain Deployed latest NVIDIA GPUs after 1 year NCP Investment in subsea cable infrastructure - FIG project Scaling fintech: Oman gaining traction, Tunisia implementation
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| | 01 Strategy update Aziz Aluthman Fakhroo | Group CEO
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| | Active Data CentersH1 2025 IT Capacity NVIDIA Cloud Partner - Served as key enabler of Ooredoo’s advanced sovereign AI cloud services, live and powered by the latest NVIDIA GPUs within our secure, high-performance data centers - Helping drive sovereign compute capacity in support of Qatar’s Digital Agenda 2030 and National AI Strategy - With this launch, Syntys strengthens its role as a regional digital infrastructure leader, empowering AI clusters, national platforms, and digital transformation across the MENA region Iron Mountain – minority equity stake; leverage expertise to accelerate growth 80% 8% 12% Tunisia 6 2 5 Qatar Kuwait Tunisia 6 QAR 73.9 million Revenue QAR 25.2 million 68% 13 Active data centers Data center under construction # of countries with Syntys presence IT capacity (MW) Medium/Long term targets: • USD 1 Billion planned investment • Initial funding of ~USD 500 million • Scale to 120 MW capacity 31 19 Qatar Kuwait Operating in 3 markets: Qatar, Tunisia and Kuwait with 13 Data Centers and 19 MW Revenue Revenue in Qatar from hyperscalers EBITDA Syntys Accelerating the development of AI-ready, hyperscale data centres across the MENA region Strategic Partnerships
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| | | || | H1 2025 7 Fintech Continues to advance financial inclusion through mobile-led solutions | Significant market share in international remittances QAR 43.9 million Revenue 81% of revenue generated from international remittances 329k 30-day active customer base Markets Operating in 3 markets Qatar Oman Maldives • Tunisia: AIP license granted; implementation progressing well, strong stakeholder engagement and ecosystem expansion • Iraq: Positive regulatory engagement, steady progress on incorporation activities & strong collaboration with local partners. Proposition development advancing well, setting a strong foundation for structured and scalable rollout • Kuwait: Exploring options to enter Partnerships Building a global footprint of strategic partners Operations Market leader Processing over USD 6 billion transactions 21% market share in international remittances ` ~ 3 – 4 million Active users Long term ambition ~ USD 70 - 100 Valuation/Active users Capex to enter markets QAR 17.7 million Qatar Oman Registered users 30-day active users 51k 15k QAR 17 million EBITDA
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| | 02 Results review Aziz Aluthman Fakhroo | Group CEO
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| | | || | Group H1 2025 YoY highlights The disposal of the Ooredoo Myanmar operation was completed on 31 May 2024, and Ooredoo Group's financial results for H1 2024 include results for Ooredoo Myanmar unless otherwise stated *Excluding the impact of Myanmar exit **Consolidated customer numbers plus IOH ^Normalised NP – Normalised for foreign exchange impact, impairment and exceptional items Sustaining a positive trajectory of solid financial performance +1% (+4%*) QAR 11.9 billion Revenue Growth +4% (-2%**)Customers 51.9 million 147.2** million EBITDA +1% (+3%*) QAR 5.1 billion EBITDA margin Flat 43% Net Profit 4% (+3%^) Capex Free cash flow Balance sheet Capex intensity +4pp to 13% QAR 1.5 billion -11% QAR 3.6 billion 9 QAR 1.9 billion Returns Net Debt/EBITDA -0.1x 0.7x Profitability EBITDA = Revenue - Operating expenses*** + Share of results from associates and joint ventures ***Operating expenses = Network, interconnect and other operating expenses + Employee salaries and associated costs +Impairment loss provision on financial assets
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| | | || | Group Q2 2025 YoY highlights The disposal of the Ooredoo Myanmar operation was completed on 31 May 2024, and Ooredoo Group's financial results for H1 2024 include results for Ooredoo Myanmar unless otherwise stated *Excluding the impact of Myanmar exit **Consolidated customer numbers plus IOH ^Normalised NP – Normalised for foreign exchange impact, impairment and exceptional items Solid performance for Q2 +2% (+5%*) QAR 6.1 billion Revenue Growth +4% (-2%**)Customers 51.9 million 147.2** million EBITDA +2% (+3%*) QAR 2.6 billion EBITDA margin Flat 43% Net Profit +3% (+12%^) Capex Free cash flow Balance sheet Capex intensity +5pp to 16% QAR 1.0 billion -16% QAR 1.6 billion 10 QAR 1.0 billion Returns Net Debt/EBITDA -0.1x 0.7x Profitability EBITDA = Revenue - Operating expenses*** + Share of results from associates and joint ventures ***Operating expenses = Network, interconnect and other operating expenses + Employee salaries and associated costs +Impairment loss provision on financial assets
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| | | || | Revenue 11 QAR mn and % Quarterly • Solid revenue growth supported by strong operational performance: - H1 25: Solid 4% increase YoY (excluding the impact of Myanmar exit) to QAR 11.9 billion - Q2 25: Increased by 5% YoY (excluding the impact of Myanmar exit) supported by growth in Algeria, Iraq, Qatar, Tunisia & Kuwait • Q2 Revenue performance was impacted by: - Oman: Highly competitive market - Palestine: Macroeconomic pressures 30% 23%13% 13% 10% 7% Qatar Iraq Kuwait Algeria Oman Tunisia 2% Maldives 2% Palestine 1% Others 11,796 11,914 H1-24 H1-25 +1% Revenue breakdown >100% -10% Palestine Others -100% 15% Group Q2-25 Group Q2-24 Algeria 8% Iraq Myanmar 5% Qatar 14% Tunisia 0% Kuwait 0% Maldives Oman 5,934 104 103 93 52 -1% 0 (8) (10) (72) (133) 6,064 2 +2% +130 Group revenue QAR mn Quarterly YoY change Summary Driven by sustained operational growth H1 2025 Myanmar’s revenue included in H1 2024 numbers
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| | | || | EBITDA breakdown EBITDA 31 July 2025 12 Group EBITDA and margin QAR mn Quarterly YoY change QAR mn and % - Quarterly • Solid topline growth and cost discipline underpins EBITDA growth: - H1 25: Increased by a healthy 3% YoY (Excluding the impact of Myanmar exit) to QAR 5.1 billion - Q2 25: Grew by 3% YoY (Excluding the impact of Myanmar exit) • Solid EBITDA margin of 43%, stable YoY • Q2 EBITDA performance was impacted: - Oman: Topline performance - Qatar: Effects of data centre carve out - Palestine: Macroeconomic pressures -2% Qatar -100% Myanmar -51% Others 31% Group Q2-24 Algeria 16% Kuwait 23% Group Q2-25 Tunisia 2% Iraq 4% Maldives -7% Palestine -5% 2,568 86 38 35 10 Oman (3) (14) (17) (47) (51) 2,607 3 +2% +39 36% 24% 13% 10% 10% 6% Qatar Iraq Algeria Kuwait Oman Tunisia 3% Maldives 1% Palestine -4% Others 5,114 5,145 43% H1-24 43% H1-25 +1% H1 2025 Healthy EBITDA growth with a resilient EBITDA margin Myanmar’s EBITDA included in H1 2024 numbers Summary
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| | | || | Net Profit | H1 2025 Reported and Normalised 13 Reported Sustainable net profit growth underpinned by operational strength 1,871 1,948 H1-24 H1-25 +4% 1,861 1,921 H1-24 H1-25 +3% Normalised Net Profit reconciliation Reported to Normalised (QAR’mn) 1,948 1,921 H1-25 Reported -32 FX impact 5 Impairment H1-25 Normalised H1 2025 H1 2024 1,871 1,861 H1-24 Reported 104 FX impact^ -118 Myanmar disposal gain 3 Impairment H1-24 Normalised Net profit attributable to Ooredoo shareholders (QAR mn) ^ FX impact in H1 24 relates mainly to Myanmar Net profit now accounts for the impact of Pillar 2 (QAR 112 million), in line with new global minimum tax requirements
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| | | || | Net Profit | Q2 2025 Reported and Normalised 14 Reported Q2 net profit growth 959 988 Q2-24 Q2-25 +3% 857 959 Q2-24 Q2-25 +12% Normalised Net Profit reconciliation Reported to Normalised (QAR’mn) 988 959 Q2-25 Reported -34 FX impact 5 Impairment Q2-25 Normalised Q2 2025 Q2 2024 959 857 Q2-24 Reported 14 FX impact 2 Impairment -118 Myanmar disposal gain Q2-24 Normalised Net profit attributable to Ooredoo shareholders (QAR mn) Net profit now accounts for the initial impact of Pillar 2 (QAR 53 million), in line with new global minimum tax requirements
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| | | || | Capex breakdown per opco H1 2025 Group Capex (QAR mn) | Capex / Revenue % Capex 15 H1 2025 (YoY change QAR mn) 1,011 1,509 9% H1-24 13% H1-25 +49% 27% 16% 14% 12% 11% 8% Iraq Algeria Tunisia Oman Others^ 11% Qatar Kuwait 1% Palestine 0% Maldives 218 135 89 62 30 5 -6 -8 -26 Iraq Others Tunisia Algeria Kuwait Oman Maldives Palestine Qatar • Qatar : Majority of network roll-out/investments completed in 2024 • Iraq: Additional sites roll out for expansion and capacity upgrade projects • Kuwait: RAN investments due to new spectrum regulatory requirements • Algeria: New sites roll out for network expansion • Tunisia: 5G spend and FTTX roll outs • Others: Syntys (Data centre expansion) Summary Investing strategically for long-term growth 19% 17% 8% 7% 7% 5% 36% Network CME Others Core VAS Transmission IT 0% Digital Capex breakdown per segment H1 2025 21% 7% 73% Network Others IT ^Others mainly Syntys
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| | | || | Free cash flow (FCF: EBITDA – Capex ) 16 QAR mn • H1 25 Group free cash flow decreased by 11% to QAR 3.6 billion • Accelerated spend on Capex projects, reflecting commitment to expanding capacity and enhancing infrastructure • Q2 25 FCF is lower in: - Iraq and Tunisia: Due to higher capex - Qatar: Mainly due to lower EBITDA - Others: Mainly from Syntys (Data centre expansion) and IOH (lower contribution) FCF breakdown >100% Group FCF QAR mn Quarterly YoY change Summary Accelerated capex spend leads to lower FCF H1 2025 4,103 3,636 H1-24 H1-25 -11% 38 29 8 4 3 Algeria Kuwait Maldives Oman Palestine Group Q2-25 OthersIraq 1,939 (19) (40) Myanmar (99) (189) 1,635 Group Q2-24 TunisiaQatar (39) -16% -303 47% 22% 12% 11% 9% Qatar Iraq Algeria Kuwait Oman 4% Maldives 3% Tunisia 2% Palestine Others -10% Myanmar’s FCF included in H1 2024 numbers
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| | | || | Customers 17 ‘000 • 51.9 million customers across our network, increasing by 4% YoY • Including IOH customers, customer base stood at 147.2 million • Decrease in customer base in: − Qatar: Due to market conditions in prepaid • IOH customers fell by 5% to 95.4 million. IOH numbers are not consolidated Customer breakdown >100% Consolidated customers mn YoY change Summary Growing customer base through premium network and superior customer service H1 2025 49.7 51.9 H1-24 H1-25 +4% 1,076 797 163 112 38 16 Iraq Algeria Oman Tunisia Kuwait Maldives Group Q2 25QatarPalestine 49,680 4 (23) 51,864 Group Q2 24 +4% +2,184 28% 6% 6% 6% 37% Iraq Algeria 14%Tunisia Oman Qatar Kuwait 3% Palestine 1% Maldives
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| | | || | 0.6 0.6 0.4 0.6 0.7 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 14,755 3,008 2,167 146 1,915 91 7,906 5,491 Cash & Undrawn facilities 2025 2026 2027 2028 2029 > 2030 18 • Net Debt/EBITDA ratio of 0.7x, below current Board guidance of 1.5x to 2.5x • Strong liquidity position (combination of cash & undrawn RCFs) • QAR 5.5bn undrawn committed facilities available predominantly at Group level and in USD (~USD 1.5bn equivalent, of which USD 950mn for Ooredoo Qatar and USD 558mn for OPCOs) • Balanced and long maturity profile • Minimal interest rate risk with 91% fixed-rate debt share • S&P and Moody’s maintains investment grade rating A/STABLE A2/STABLE Fixed vs Floating rate debt portion Borrowings by operations Drawn debt by source QAR’mn Net Debt/EBITDA ratio (x) Ratings *Approx. 91% of borrowings are in US dollars Strong liquidity position, low leverage and investment-grade rating sustained Summary 15,233 13,765 1,468 Group Qatar Others Borrowings by operations Repayment schedule 1,577 13,656 Loans Bonds Debt & Liquidity Profile 13,889 91% 1,344 9% Fixed vs Floating rate debt portion Fixed Floating
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| | | || | Actual Q1 2025 Revenue QAR 11.9 billion +1% +4% excluding impact of Myanmar 2% – 3% EBITDA margin 43% Flat Low 40%’s Capex QAR 1.5 billion +49% QAR 4.5 – 5.0 billion 19 Actual H1 2025 Change YoY (%) FY 2025 Guidance On track to meet guidance H1 2025 Actual vs FY 2025 Guidance
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| | 03 Operations review Abdulla Ahmed Al-Zaman | Group CFO
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| | | || | H1 2025 • Robust performance with topline growth and strong margins • Positive momentum with reported revenue up by 1% YoY • Healthy normalised revenue growth of 2% YoY (Normalising for impact of AFC tournament in H1 2024 and data centre carve out) • EBITDA decreased by 2% YoY. Normalising for AFC & DC carve out impact, EBITDA remained flat YoY • Strong EBITDA margin of 52%, reflecting continued focus on improving efficiency • Total customer base stood at 2.9 million • Post H1 2025, launched sovereign AI cloud services powered by NVIDIA’s latest GPUs; strategic move advancing national digital transformation and unlocking long-term value through AI-driven innovation Qatar 21 Mobile Fixed Wholesale Equipment Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 1,763 1,697 1,848 1,751 1,856 +5% +93 952 904 879 928 935 54% 53% 48% 53% 50% Revenue segments (QAR mn, % YoY) H1 2025 (QAR mn, % YoY) Quarterly Trend (QAR mn) Robust financial performance; holding premium position in the market Revenue EBITDA EBITDA margin Revenue EBITDA EBITDA margin Capex 3,608 1% 1,864 -2% 52% -1pp 163 -14% 1,581 2% 121 6% 245 2% 1,661 -1%
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| | | || | Kuwait 31 July 2025 22 H1 2025 • Strong service revenue growth of 6% YoY (voice, data and digital services) • Revenue growth of 1% YoY in LC due to higher service revenue, partly offset by lower device sales • EBITDA rose by 31% YoY in LC • EBITDA margin reached 34%, up 8pp YoY, underscoring cost efficiency and improved profitability • Adjusting for the one-off bad debt provision in H1 2024, EBITDA grew by 14% YoY, highlighting the strength of the core business • Customer base increased 1% YoY to 2.9 million 68 64 68 65 68 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 0% 0 20 17 20 22 23 29% 27% 29% 34% 33% Revenue segments (KWD mn, % YoY) Quarterly Trend (KWD mn) Maintained growth momentum with service revenue uplift, strong margin expansion, and ongoing customer acquisition Revenue EBITDA EBITDA margin Revenue EBITDA EBITDA margin Capex Mobile Fixed Wholesale Equipment H1 2025 (QAR mn, % YoY) 1,579 1% 530 31% 34% 8pp 120 34% 92 5% 9 13% 3 15% 29 -15%
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| | | || | 23 62 62 63 62 62 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 -1% -1 29 28 27 27 28 47% 46% 44% 44% 45% H1 2025 • Market remains highly competitive • Revenue declined 2% YoY due to lower service revenue • EBITDA decreased 6% YoY reflecting pressure on the topline • Resilient EBITDA margin of 45%, highlighting disciplined cost management • Customer base grew by 6% YoY to 3.1 million • Continued to invest in 5G, launching new initiatives and expanding coverage Revenue segments (OMR mn, % YoY) H1 2025 (QAR mn, % YoY) Quarterly Trend (OMR mn) Advancing 5G initiatives and maintaining strong cost discipline despite market headwinds Revenue EBITDA EBITDA margin Mobile Fixed Wholesale Equipment Revenue EBITDA EBITDA margin Capex Oman 1,170 -2% 521 -6% 45% -2pp 184 3% 12 -21% 10 14% 69 0% 33 -2%
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| | | || | 24 463 493 477 475 500 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 +8% +37 223 235 199 214 227 48% 48% 42% 45% 45% H1 2025 • Growth driven by effective customer acquisition strategies and demand for data services • Revenue grew by 8% YoY in LC, led by an increased customer base and supported by strong data segment performance, bolstered by higher usage levels • EBITDA increased by 3% YoY in local currency, with topline growth partially offset by higher opex due to strategic investments to scale operations and enhance service quality • EBITDA margin remains strong at 45% • Customer base grew by 6%, reaching 19.4 million, reflecting successful marketing execution and growing consumer engagement H1 2025 (QAR mn, % YoY) Revenue segments (IQD bn, % YoY) Revenue EBITDA MarginEBITDA Quarterly Trend (IQD bn) Strong growth momentum driven by customer acquisition gains and healthy data segment performance Mobile Wholesale Revenue EBITDA EBITDA margin Capex Iraq 2,691 8% 1,216 3% 45% -2pp 412 112% 941 8% 34 28%
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| | | || | 31 July 2025 25 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 25,271 27,597 27,270 27,482 28,543 +13% +3,272 10,348 41% 12,646 46% 10,716 39% 11,678 42% 13,255 46% H1 2025 • Strong performance driven by growth across voice, data, and digital services, highlighting the sustained advantage gained from capital investments in network quality • Revenue increased by 13% YoY in LC • EBITDA rose by a strong 20% YoY in LC, driven by topline growth • EBITDA margin grew by 3pp to 45%, demonstrating solid profitability and cost efficiency • Customer base up by 6% YoY to 14.5 million, driven by user acquisition and retention through enhanced service offerings and a leading network experience • Secured 5G licence, post H1 2025; strategic milestone paving the way for next-generation connectivity, digital innovation, and long-term market growth H1 2025 (QAR mn, % YoY) Revenue segments (DZD mn, % YoY) Revenue EBITDA MarginEBITDA Quarterly Trend (DZD mn) Continued double-digit revenue and EBITDA growth | Secured 5G licence Equipment Algeria Revenue EBITDA EBITDA margin Capex Mobile Wholesale 1,531 14% 681 21% 45% 3pp 237 35% 54,227 13% 1,706 -7% 92 14%
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| | | || | 31 July 2025 26 Mobile 319 347 345 321 347 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 +9% +28 132 146 148 124 154 41% 42% 43% 39% 44% H1 2025 • Strong performance in mobile and fixed segments • Revenue increased 7% YoY in LC, driven mainly by mobile services supported by high-quality subscriber acquisitions and enhanced CVM initiatives. Fixed segment contributed to topline growth, driven by increasing demand for high-speed internet in fibre and 4G/5G Fixed Wireless Access • EBITDA rose by 9% YoY in LC, driven by higher data revenue in mobile and fixed • EBITDA margin strong at 42%, up 1pp due to higher revenue partly offset by operating expenses • Customer base stood at 7.0 million, growing by 2% YoY • Investment in 5G services, strong uptake after launching in February 2025, responding to strong market demand Revenue segments (TND mn, % YoY) Quarterly Trend (TND mn) H1 2025 (QAR mn, % YoY) Sustained healthy growth in revenue and EBITDA, driven by network investments in mobile and fixed Fixed Wholesale Equipment Revenue EBITDA MarginEBITDA Tunisia Revenue EBITDA EBITDA margin Capex 793 9% 331 12% 42% 1pp 509 5% 58 39% 48 4% 53 -4% 71% 213
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| | | || | 31 July 2025 27 541 544 564 547 539 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 0% -1 290 292 324 298 303 54% 54% 57% 55% 56% H1 2025 • Disciplined cost management led to EBITDA growth and margin expansion • Revenue declined by 1% YoY, primarily due to intensified competition in the mobile segment • EBITDA increased by 3% YoY, supported by ongoing operational efficiencies • Strong EBITDA margin of 55%, reflecting disciplined cost control • Customer base grew by 4% YoY, reaching 418k • Continues to lead in delivering customer experience and strong network experience Revenue segments (MVR mn, % YoY) Revenue EBITDA MarginEBITDA Quarterly Trend (MVR mn) Sustained strong EBITDA margin underpinned by disciplined cost control Maldives Revenue EBITDA EBITDA margin Capex 256 -1% 142 3% 55% 2pp 5 -54% Mobile Fixed Wholesale Equipment 604 -5% 277 10% 203 3% 2 -72% H1 2025 (QAR mn, % YoY)
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| | | || | 31 July 2025 28 Mobile^ ^Includes wholesale revenue Equipment 28 28 27 26 25 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 -10% -3 11 10 8 10 10 40% 38% 31% 38% 42% H1 2025 • Ongoing political and economic instability in Palestine continued to present significant operational challenges, adversely affecting overall performance • Revenue down by 7% YoY and EBITDA down by 6% YoY on a reported basis • EBITDA margin was steady at 40%, reflecting disciplined cost control and operational resilience amid challenging conditions • Continued to lead customer experience, maintaining strong market position with 1.5 million customers on the network Revenue EBITDA MarginEBITDA Quarterly Trend (USD mn) Delivering leading customer experience while effectively managing costs amid extremely challenging conditions Revenue segments (USD mn, % YoY) H1 2025 (QAR mn, % YoY) Revenue EBITDA EBITDA margin Capex 185 -7% 73 -6% 40% - 9 -50% 49 -6% 2 -12% Palestine
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H1-24 H1-25 28.0 27.1 -3% 47.7% H1-24 47.4% H1-25 13.4 12.8 -4% H1-24 H1-25 2.9 2.5 -15% H1-24 H1-25 100.9 95.4 -5% 29 Revenue (IDR tn) EBITDA (IDR tn) & margin Net Profit (IDR tn) Share in Net profit of IOH of 32.8% is reported by Ooredoo Group above EBITDA Customers (mn) Impacted by increasing competition in the market, QoQ EBITDA performance trending positively IOH
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| | 04 Appendices
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| | | |31 July 2025 31 • Values as reported by OpCos June 2025 report • Palestine has only 3G coverage, all figures from Palestine columns are referring to 3G, not 4G KPIs Technology: H1 2025 Country Total Sites 4G Sites as % of total towers 4G Population Coverage % 5G Population coverage % Total Data Volume GB 4G Contribution in total traffic % 5G Contribution in total traffic % Data Volume Grow YoY % Algeria 9,233 99.97% 94.50% 957,945,506 96.25% 22.46% Iraq 8,578 99.56% 98.68% 725,334,850 93.48% 40.63% Kuwait 3,026 99.70% 98.60% 90.40% 1,022,835,696 39.40% 60.59% 12.84% Maldives 812 99.75% 100% 80.00% 52,941,778 80.30% 17.74% 19.85% Oman 3,029 97.26% 93.30% 89.00% 404,400,921 34.88% 64.94% 1.55% Qatar 4,229 97.54% 99.90% 98.95% 238,704,108 54.61% 44.62% 13.26% Tunisia 2,884 99.10% 98.51% 47.09% 530,386,058 85.85% 9.40% 27.19% Palestine 838 90.10% 94.44% 20,092,679 98.55% -15.54% Total 32,629 96.62% 3,952,641,596 70.14% 26.52% 19.83%
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| | | | *RMS figure : YTD as per latest available quarter for each Opco. Algeria, Iraq and Oman RMS are bilateral vs Djezzy, Zain and Omantel respectively Country Churn Mobile Churn Fixed NPS Data users (‘000) MyOoredoo App users (‘000) Digital recharge RMS (*) Number of complaints per 1000 subs Post paid as % of total subs Algeria 4% - 39 10,160 1,377 97% 50% 1 10% Iraq 8% 46 11,483 4,428 60% 56% 2 2% Kuwait 2% 2% 49 2,145 1,570 52% 26% 3 30% Maldives 4% 1% 45 227 242 39% 44% 4 24% Oman 3% 3% 12 1,237 993 51% 27% 4 29% Qatar 6% 2% 41 1,621 1,262 86% 67% 8 39% Tunisia 4% 2% 24 3,089 1,832 40% 34% 4 18% 32 KPIs Commercial: H1 2025
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| | | || | 33 101 102 102 101 103 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 22.8 23.4 22.6 21.6 22.7 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Iraq (QAR) 38.1 40.2 41.2 38.5 36.3 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Oman (QAR) 70.3 68.3 69.7 64.1 63.4 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Maldives (QAR) 19.7 18.5 17.5 17.5 17.6 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Palestine (QAR) 61.6 61.1 62.4 62.0 63.6 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Kuwait (QAR) 14.4 16.0 15.5 14.3 16.5 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Tunisia (QAR) 16.7 17.2 16.8 16.8 18.0 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Algeria (QAR) 5.2 5.1 5.3 5.3 5.4 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Kuwait (KWD) 12.4 13.5 13.3 12.4 13.5 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Tunisia (TND) 616 631 616 621 654 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Algeria (DZD) Qatar (QAR) Blended ARPU
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| | | | • * For Qatar, 5G spectrum allocation (as any other spectrum allocation) expires with the OQ mobile license – October 2027 • ** For Kuwait: Till the unified licensing regime is finalized Country Issuance date Expiry date Issuance date Expiry date Qatar* 7 October 2007 6 October 2032 7 October 2007 6 October 2027 Kuwait** 29 January 2011 Indefinite 13 October 1997 5G: 9 June 2017 Indefinite Indefinite Iraq -- -- 30 August 2007 29 August 2030 Oman 8 June 2009 7 June 2034 23 February 2020 22 February 2035 Algeria -- -- 2G: 14 January 2004 3G: 02 December 2013 4G: 04 September 2016 5G: September 2025 2G: 13 March 2029 3G: 01 December 2028 4G: 03 September 2031 5G: September 2040 (+5 years extension) Tunisia May 2012 May 2027 2G: 14 May 2017 3G: 24 May 2012 4G: 15 March 2016 5G: 21 January 2025 2G: 13 May 2027 3G: 23 May 2027 4G: 14 March 2031 5G: 20 January 2040 Indonesia 17 March 2003 Indefinite March 1993 Indefinite Maldives 18 August 2015 (VOIP) 31 January 2035 1 February 2020 (15 yr extension to existing license) 31 January 2035 Palestine -- -- 14 March 2007 9 September 2041 Fixed Licence Mobile Licence Opcos general licence information
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| | | | 35 Country Statutory CIT rate Losses Carry Forward Allowed Comments Qatar 10% 5 years . No CIT is levied on a corporate entity that is wholly owned by Qatari nationals and GCC nationals that are resident in Qatar and companies listed on Qatar Stock Exchange. Listed companies are subject to 2.5% Sport and Social Contribution levy . For QFC entities, no CIT on foreign revenues and 10% CIT on local source revenues . As of January 1st 2025, Qatar has implemented Pillar 2 minimum 15% Effective tax Rate (ETR) for Group companies exceeding 750m EUR revenues Iraq 15% 5 years Algeria 26% 4 years Tunisia 15% 35% . 15% standard CIT rate + 3% Social Solidarity Contribution Fee . 35% CIT rate applies to oil companies, banks, financial institutions and telecommunication companies + 1% Social Solidarity Contribution Fee (total of 36%) Oman 15% 5 years . As of January 1st 2025, Oman has implemented Pillar 2 minimum 15% ETR for Group companies exceeding 750m EUR revenues Kuwait 15% 3 years . GCC companies (including NMTC) are exempted from CIT, but are subject to 4.5% Zakat, KFAS & National Labour Support Tax (NLST) on consolidated profits . As of January 1st 2025, Kuwait has implemented Pillar 2 minimum 15% ETR for Group companies exceeding 750m EUR revenues. 3.5% Zakat, & NLST are abolished but 1% KFAS remains in force Maldives 15% 5 years Palestine 20% 5 years Ooredoo Palestine benefits from a 50% corporate Income tax reduction and is taxed at 10% Singapore 17% Indefinitely Statutory corporate income tax (CIT) rates
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