Ooredoo Qatar Profit Falls 5% to 2.935 Billion Riyals

Summary

• Ooredoo Qatar reported nine-month net profit of 2.935 billion riyals, down 5% year on year.
• Third-quarter profit alone slipped 4.7% to 1.087 billion riyals from 1.141 billion.
• The decline hits the earnings line of Qatar's largest listed telecom operator.

The latest

Net profit at Ooredoo Qatar fell to 2.935 billion Qatari riyals in the first nine months of 2026, down 5% from 3.089 billion riyals a year earlier, according to the company's disclosure. The third quarter carried much of the weight, with net profit of 1.087 billion riyals against 1.141 billion in the same quarter of 2025.

Details

• The headline number: Ooredoo Qatar said nine-month net profit reached 2.935 billion riyals by the end of September 2026, compared with 3.089 billion riyals in the corresponding period of 2025. That is a decline of 5%, or roughly 154 million riyals in absolute terms, on the company's own figures.
• The quarter: Third-quarter net profit came in at 1.087 billion riyals, down 4.7% from 1.141 billion riyals in the third quarter of 2025, according to the disclosure. The quarterly drop of about 54 million riyals is narrower in percentage terms than the nine-month decline.
• The filing: The results were published on the Qatar Stock Exchange on 28 October 2026, where Ooredoo Qatar is listed. The disclosure covers the period ending 30 September 2026 and reports the bottom line against the comparable 2025 figures.
• What was not broken out: The company did not publish revenue, operating costs or subscriber figures alongside the profit lines, nor did it attribute the decline to any specific driver. No segment-level or market-level breakdown accompanied the net profit numbers.
• The comparison base: The 2025 comparatives cited by the company — 3.089 billion riyals for nine months and 1.141 billion riyals for the third quarter — imply that the first half of 2025 outperformed the first half of 2026 by a wider margin than the third quarter did.
• No guidance: Ooredoo Qatar did not issue a forecast for the fourth quarter or the full year alongside the results, and set out no dividend or capital decision in the disclosure. The filing was limited to the reported profit figures and their prior-year comparatives.

Background

Ooredoo Qatar is the Qatari-listed arm of the Ooredoo group and one of the largest companies on the Qatar Stock Exchange by market value, with listed telecom operators reporting quarterly results through the bourse's disclosure system.

Between the lines

The arithmetic in the company's own figures points to pressure that began before the third quarter: the nine-month decline of 5% runs slightly ahead of the 4.7% quarterly drop, meaning the earlier part of 2026 contributed more of the shortfall. With no revenue or cost lines disclosed, the filing does not show whether the squeeze came from the top line or from expenses.

What's next

Full-year 2026 results, due after the December quarter closes, will show whether the three-quarter decline continues. Any revenue and cost detail in the annual report, plus a board decision on dividends, are the next concrete signals.

Source: Qatar Stock Exchange