Q1 2025 Ooredoo QPSC Earnings Call Transcript
Key Points
- Ooredoo QPSC (DSMD:ORDS) reported a 3% increase in revenue and a 2% growth in EBITDA, excluding the impact of the Myanmar exit.
- The company maintained a strong EBITDA margin of 43% and achieved a 5% increase in net profit.
- Ooredoo's data center business, rebranded as Syntys, is well-positioned for regional digital transformation, with 13 active data centers and plans for expansion.
- The fintech vertical generated over QAR22 million in revenue, driven by international remittances, and holds a 20% market share in Qatar.
- Ooredoo maintains a healthy balance sheet with a low leverage ratio of 0.6 times and strong liquidity of around QAR5.5 billion.
- Revenue in Qatar decreased by 4% due to lower device sales, the impact of the data center carve-out, and non-recurring revenue from the AFC tournament.
- Ooredoo Oman faced a 3% revenue decline due to high competition, leading to a 7% reduction in EBITDA.
- The Maldives operation experienced a 1% revenue decrease due to competitive pressures in the prepaid market.
- Free cash flow decreased by 8% due to accelerated CapEx spending on strategic projects.
- The customer base in Qatar decreased by 3%, impacted by the inclusion of AFC-related connections in the previous year.
Good afternoon, everyone. Welcome to Ooredoo Group's first financial results call for 2025, covering the three-month period ended March 31. My name is Luelle Pillay, and I'm the Head of Investor Relations for the group.
I'm joined today by Aziz Aluthman Fakhroo, our Group CEO, who'll open the session with an update on our strategic progress and a review of our consolidated results. [Knowing] that, Abdulla Al Zaman, our Group CFO, will provide a deeper insight into the performance of our operations across the quarter.
As always, we will keep the presentation concise to ensure we leave enough time for your questions at the end. Please feel free to submit your questions at any point using the Q&A function in the Zoom webinar. You can follow along with the presentation, which is available on both our website, ooredoo.com and (inaudible) webcast platform.
Please note that the session is being recorded and transcribed. By attending, you are giving your consent to be included. Lastly, I'd like to draw your attention to the
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