Ooredoo Palestine Reveals Its Financial Results for the First Half of 2025

SadaNews Economy - Ooredoo Palestine announced its financial results for the first half of the current year, ending on June 30, 2025, in compliance with the disclosure and transparency requirements issued by the Palestinian Capital Market Authority and the Palestinian Stock Exchange.

The financial data showed that the company achieved revenues of $50.7 million. The earnings before interest, taxes, depreciation, and amortization (EBITDA) amounted to $20.1 million, while the net profit after tax was $7.5 million, reflecting an increase of 7% compared to the same period last year. The company maintained a subscriber base of 1.55 million subscribers. 

In this regard, Dr. Samer Faris, CEO of Ooredoo Palestine, stated: "The company continues to implement its strategic plans to achieve sustainability and strengthen its presence in the Palestinian market despite the current economic and political challenges. These results reflect the resilience and dedication of our team in meeting subscriber needs and continuously enhancing our technical services."

Dr. Faris added: "We believe that continuous investment in improving network quality and expanding coverage is the cornerstone of our resilience in facing numerous challenges, alongside our deep commitment to our social responsibility. During the first half of this year, we continued to work on vital projects aimed at supporting our Palestinian community across various sectors."

Dr. Faris also clarified that the company focused during this period on improving operational efficiency and rationalizing expenditures in line with the aspirations of the company and its board of directors and the challenging economic conditions that have affected various sectors in the Palestinian market. He pointed out that Ooredoo will continue to invest in innovation and modern technologies to ensure the best communication experience for its subscribers in various Palestinian governorates.

He further highlighted the importance of maintaining adherence to the values of transparency and good governance in all operations, reaffirming: "We fully understand the magnitude of responsibility placed upon us as a leading national company, and we are committed to the highest governance standards, providing a comprehensive view of our financial and operational performance to all stakeholders."

In conclusion, the company confirmed its commitment to supporting the national economy through the development of digital communication services, expanding job opportunities, and investing in building the capacities of Palestinian personnel. It also reiterated that the upcoming phase will focus on enhancing network readiness and adopting the latest technological solutions to meet the increasing needs of subscribers, keeping up with developments in the telecommunications sector at both the regional and international levels.