UAE telcom group & today (July 31) announced solid results for the first half of the year with a consolidated revenue of AED34.9 billion ($9.2 billion), up 23.3% over the same period last year, reporting continued growth momentum and strategic progress across its business pillars. 

 

Announcing its consolidated financial results for the six-month period ended June 30, 2025, e& said its consolidated net profit rose to AED8.8 billion, up 60.7 per cent from the previous year, while its ebitda reached AED15.4 billion, a YoY increase of 18.8% with ebitda margin of 44.1 per cent. 

 

The group’s subscriber base grew to 198 million globally, marking a 13.1% increase year-over-year.

 

In the UAE, e& UAE subscribers reached 15.5 million, driven by rising demand for advanced connectivity solutions, AI-powered services, and tailored digital experiences that address the evolving needs of both individuals and businesses.

 

On the solid performance, Chairman Jassem Mohamed Bu Ataba Alzaabi said: "In the first half, e& continued to strengthen its leadership position, driven by its strategic investments and robust business model. Our continued strong performance reflects our commitment to long-term value creation, with major milestones reflecting the Board’s strategic foresight."

 

"In H1, e& continued its growth trajectory, delivering consolidated revenue of AED34.9 billion—a year-on-year increase of 23.3 per cent—and achieving consolidated net profits of AED 8.8 billion, up 60.7 per cent compared to the same period last year. Alongside our outstanding financial performance, we maintained our focus on bringing the latest technologies to best serve our customers."

 

"We launched the UAE Sovereign Cloud Launchpad alongside AWS and the UAE Cybersecurity Council. This landmark initiative advances national priorities around digital sovereignty, secure AI, and cloud innovation, and is set to unlock enduring value for the nation’s digital economy," he stated.

 

Group CEO Hatem Dowidar said: "e& delivered strong performance in the first half of 2025, reflecting our agility, innovation, and ability to scale. We preserved the momentum witnessed across our different verticals. Our diverse revenue streams enabled the group to drive financial success and deliver robust operational growth."

 

" Revenues in Q2 and H1 increased by 28.1 per cent year-over-year to AED 18.0 billion and by 23.3 per cent to AED 34.9 billion, respectively. Our EBITDA grew by 18.8 per cent to AED 15.4 billion in the first half. These results demonstrate the strength of our transformation strategy and our continued focus on operational excellence and value creation," he stated.

 

"We achieved a series of strategic milestones, including the divestment of Khazna and partial divestment of Airalo during the first half of the year, which enhanced our financial flexibility. In parallel, we introduced the UAE Sovereign Cloud Launchpad, reinforcing our focus on secure, sovereign AI solutions," remarked Dowidar. 

 

"We also became one of the first companies to earn the ‘Tier S’ designation under the Dubai AI Seal, a top-level recognition of our leadership in responsible AI development and deployment. Additionally, we advanced our international footprint through the acquisition of Serbia Broadband, while our collaboration with Qualcomm is accelerating 5G evolution and edge AI integration across key industries," he stated.

 

“Our progress was further recognised internationally, with e& named the world’s Fastest Growing Brand by Brand Finance. This recognition reflects our bold ambition, customer-centric innovation, and growing global presence.

 

"As we look ahead, we remain focused on enabling future technologies and delivering lasting impact across the communities we serve," he added.-TradeArabia News Service