Q2 2025 Vodafone Qatar PQSC Earnings Call Transcript
Key Points
- Vodafone Qatar QSC (DSMD:VFQS) reported double-digit growth in both revenue and net profit, with a 10.5% increase in revenue and a 12.1% increase in net profit year-on-year.
- The company has significantly expanded its 5G network, increasing indoor coverage sites by over 52% and outdoor sites by 12% year-on-year, enhancing customer experience.
- Digital transformation efforts have led to a 16% growth in digital visits and a 2.25 times increase in online sales year-on-year.
- The launch of an in-house loyalty program has seen rapid adoption, nearing 100,000 opt-in members shortly after its introduction.
- Operational efficiency improvements have resulted in a 1.2% reduction in OpEx and a record low OpEx intensity of 21.4% for the first half of 2025.
- The competitive pricing landscape in the enterprise segment remains challenging, impacting market discipline.
- There is concern over the sustainability of depreciation levels, which have increased due to accelerated depreciation charges related to regulatory changes and asset modernization.
- The high-value segment is experiencing unreasonable price reductions, which could affect profitability and market stability.
- Despite revenue growth, the increase in direct costs due to higher equipment sales could pressure margins if not managed effectively.
- The prepaid segment has faced aggressive market pricing, although recent adjustments have led to more reasonable competition.
Good afternoon, everyone, and welcome to Vodafone Qatar Financial Results Investor Call for the 2025. Iâm Pauline Abi Saab from the Investor Relations team.
On this session, we have Sheikh Hamad Al-Thani, our Chief Executive Officer; Masroor Anjum, our Chief Financial Officer. Weâll start the call with a presentation from our CEO on the financial and operational performance highlights, followed by an update on the financial performance for the period ended June 30, 2025, by our CFO.
Todayâs presentation is available on this webinar and also on Vodafone Qatar website under the Investor Relations section. Please note the session is being recorded and also note the usual disclaimer on slide number 2.
To begin, I now hand over to Sheikh Hamad.
Assalamualaikum. Good afternoon and thank you all for joining us today.
I'm pleased to report that we had a very strong half
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