Ooredoo Kuwait posts 6% revenue rise to $1.9 billion as one-off provision cuts net profit 29%

Ooredoo Kuwait reported consolidated revenue of KD608 million ($1.9 billion) for the nine months ended September 30, 2026, a 6% increase from KD573 million ($1.8 billion) a year earlier, while net profit fell 29% to KD48 million. The results were published by TradingView.

Ooredoo Kuwait's Revenue and Profit for Nine Months

Ebitda rose 10% to KD255 million from KD232 million, and the company said normalising for a one-off bad debt provision recognised in the prior-year period put ebitda up 8% year on year. The consolidated customer base increased 7% to 29.1 million as at September 30, 2026, compared with 27.3 million a year earlier.

The net profit decline followed a one-off provision of KD23.5 million after the outcome of the final hearing before the Supreme Court of Algeria in June 2026 on a claim filed by the Central Bank of Algeria against Wataniya Telecom Algerie, a group subsidiary. Normalising for that provision and the prior-year bad debt provision, net profit attributable to NMTC was KD72 million. Consolidated earnings per share were 97 fils, compared with 136 fils a year earlier.

Sheikh Nasser Bin Hamad Bin Nasser Al Thani, Chairman of the Board of Directors, said: "The first nine months of 2026 highlighted the strength of Ooredoo Kuwait Group's business model and the benefits of our broad geographic presence." He said results were driven by strong execution in Algeria, Tunisia and Palestine, while handset supply-chain constraints in Kuwait affected commercial performance.

Ooredoo Kuwait's Dividend and Prior-Year Figures

Ooredoo Kuwait (NMTC) is the Kuwaiti mobile, broadband and enterprise telecom operator and a subsidiary of Ooredoo Group, serving customers across Kuwait, Algeria, Tunisia and the Maldives, according to akta.pro company records. The same records show full-year 2025 consolidated revenue of KWD 774 million, up 9% from KWD 711 million in 2024, and net profit attributable to NMTC of KWD 77 million, up 56%. At its March 4, 2026 General Assembly the company approved a record cash dividend of 150 fils per share.

Ooredoo Kuwait's 5G and Partnership Moves

In September 2026 Ooredoo Kuwait demonstrated 1024QAM combined with 8x8 MIMO on its 5G Advanced network, achieving a regional first, Telecompaper reported. In August 2026 the company and National Bank of Kuwait launched ON Academy, a five-week programme training Kuwaiti youth aged 22 to 30 in media, content creation and innovation, Telecompaper reported. Ooredoo Kuwait's board also approved a USD 5 million contribution to the National Emergency Response Fund that month, Telecompaper reported.

Ooredoo Kuwait's Next Steps

Chief Executive Officer Abdulaziz Yaqoub Al Babtain said the company continues to expand the use of artificial intelligence, data analytics and automation to improve productivity and operational efficiency. He said the company will keep advancing its digital and network capabilities and maintain a disciplined approach to cost management and investment.