Welcome to the Omantel IR Podcast. In this H1 2025 episode, we explore Omantel's powerful transformation from a traditional telecom operator into a diversified, technology-first powerhouse. We’ll break down a half-year defined by exceptional international growth, strategic domestic investments, and a remarkable 46% surge in group net profit, all set against the backdrop of Oman's strengthening economy.

What’s Inside This Episode:

• Oman's Economic Resilience:

* A look at the strong macroeconomic foundation, including a debt-to-GDP ratio drop to 35% and sovereign credit rating upgrades to investment-grade.

* Details on the new personal income tax reform aimed at diversifying fiscal revenue.

• Group Financial Highlights (H1 2025):

* Group Revenue grows 9.5% year-on-year to RO 1,609.8M.

* Group Net Profit jumps 46.2%, driven by outstanding performance from Zain Group.

* Net Profit attributable to Omantel shareholders increases by a healthy 25.5%.

• International & Diversified Verticals Powering Growth:

* ZOI (Zain Omantel International) revenue surges an incredible 324% year-over-year.

* Zain Fintech continues its strong trajectory with 28% revenue growth.

* ZainTech nearly doubles its revenue with 94% growth, fueled by regional demand for digital transformation.

• Domestic Operations: Investing for the Future:

* Solid top-line growth with domestic revenue up 7.9%.

* Domestic net profit dip of 9.5% explained by a RO 5.4M increase in depreciation from aggressive investments in 5G and network infrastructure.

• Strategic Initiatives & Developments:

* Future-focused R&D partnership to trial 50GPON fiber technology.

* Activation of the Oman Emirates Gateway subsea cable to enhance regional connectivity.

* Positive impact of the government's reduction of the royalty rate on mobile services.

• Financial Position & Capital Allocation:

* CAPEX up 48.5% to RO 54.5M, targeted at 5G expansion and platform upgrades.

* Robust financial health with a Net Debt to EBITDA ratio of 3.49x and strong credit ratings from Moody's and Fitch.

• Commitment to Sustainability & Social Impact:

* Progress on the Net-Zero 2050 roadmap and a 12.38% reduction in Scope 2 emissions.

* Significant contribution to the local economy with 87.6% of procurement spent with Omani suppliers and a 94.3% Omanisation rate.

Disclaimer: This podcast features AI-generated content and is for informational purposes only—it does not constitute investment advice.

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