Omantel profits rise strongly in 2025

Unaudited profits at MSX-listed Oman Telecommunications Company hit a record high last year on stronger turnover across its domestic operations and a subsidiary.

Omantel, Oman’s largest telecommunications provider by market share, said in a bourse disclosure that net profit rose 88 percent in 2025 to OMR371 million  ($974 million).

Domestic operations such as cloud hosting and higher customer subscriptions pushed up profit, along with income from Kuwaiti subsidiary Zain Group, Omantel said.

Omantel holds 21 percent of Zain Group, whose profit doubled in 2025 to hit a 13-year high of $777 million. 

Omantel has three main competitors: Qatar’s Ooredoo, Vodafone and the domestic Awasr but as the former incumbent has retained the largest market share by customer.

The Omani company offers fixed-line, internet, mobile and wholesale communication services. It also provides data centre and software services. 

Omantel was founded in 1987 and is majority-owned by sovereign wealth fund Oman Investment Authority. Just under half of the shares are listed on the Muscat Securities Market as a free float.

The stock closed at OMR1.21 on Wednesday before the results announcement, up 16 percent in the year to date.

Further reading:

• Oman and UAE activate submarine telecom cable
• Zain revenue raises Omantel’s profits
• Surge in connected devices spurs Omantel revenue growth