Ooredoo Maldives Kicks Off 2026 With Stronger Profitability and Expanding Network Leadership in Q1

Ooredoo Maldives has delivered a solid start to 2026, reporting improved profitability and sustained operational momentum in the first quarter, as the company continues to strengthen its position as the Maldives' leading telecommunications provider.

Stable Revenue With Improved Margins

Revenue remained broadly stable year-on-year at QAR 129 million, reflecting the company's resilient performance and ability to maintain its market standing in a competitive environment. While top-line growth held steady, the more compelling story lies in the company's profitability, with EBITDA rising 4.0% year-on-year to QAR 73 million. The EBITDA margin expanded to a strong 56.7%, an improvement of 2.1 percentage points, driven by enhanced operating efficiency and continued cost discipline across the business.

Growing Customer Base

The customer base grew by 0.5% year-on-year to 429,000 customers, supported by continued positive momentum in the Fibre to the Home (FTTH) and Fixed Wireless segments. The steady growth reflects the company's focus on delivering high-quality connectivity solutions that meet the evolving needs of both residential and business customers across the archipelago.

Unrivalled Network Leadership

Ooredoo Maldives continued to assert its network leadership during the quarter, maintaining 100% 4G population coverage while sustaining an impressive 5G coverage footprint of 80%. Data usage continued to grow during the period, underpinned by ongoing migration to 4G and 5G technologies and the activation of new network sites throughout the quarter, reinforcing the company's commitment to delivering fast, reliable, and future-ready connectivity to customers across the Maldives.

Together, the Q1 2026 results reflect an operation that is well-managed, financially disciplined, and strategically positioned to build on its strong foundations as the year progresses.