e& reports 60.7% rise in net profit, reaching Dhs8.8 billion in H1

e& on Thursday announced its consolidated financial results for the first half of 2025, reporting continued growth momentum and strategic progress across its business pillars.

e&’s performance reinforces the group’s position as a global technology leader, driving digital transformation at scale across regional and international markets.

The group’s consolidated revenue increased to Dhs34.9 billion, representing a year-over-year growth of 23.3 per cent compared to H1 2024.

Consolidated net profit in H1 rose to Dhs8.8 billion, up 60.7 per cent from the previous year. EBITDA in H1 reached Dhs5.4 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 per cent 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.

Jassem Mohamed Bu Ataba Alzaabi, Chairman, e&, said, “In the first half of 2025, 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 Dhs34.9 billion-a year-on-year increase of 23.3 per cent-and achieving consolidated net profits of Dhs8.8 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.

“Thanks to the UAE’s visionary leadership that inspires us, e& will continue enabling the knowledge economy with responsibility and ambition. We remain committed to shaping resilient, inclusive, and innovation-led societies across the markets we serve.”

Hatem Dowidar, Group Chief Executive Officer, e&, 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 Dhs18.0 billion and by 23.3 per cent to Dhs34.9 billion, respectively. Our EBITDA grew by 18.8 per cent to Dhs15.4 billion in the first half. These results demonstrate the strength of our transformation strategy and our continued focus on operational excellence and value creation.

“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. 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.

“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.”

e& launched the Sovereign Launchpad in partnership with Amazon Web Services (AWS) and the UAE Government’s Cyber Security Council, enabling full data sovereignty and security, supporting the UAE’s ambition to lead in digital infrastructure. Valued at over $1 billion, the initiative is projected to contribute more than $181 billion to the UAE’s digital economy by 2033.

With Qualcomm Technologies e& will work to advance the UAE’s digital transformation through edge AI and next-gen 5G solutions focusing on smart gateways powered by AI, extended reality devices, and advanced computing systems, including projects in smart mobility and industrial IoT - all supported by Qualcomm’s new engineering centre in Abu Dhabi.

e& completed the sale of its 40 per cent stake in Khazna to G42 and Khazna for $2.2 billion (Dhs8 billion), as part of a strategic focus on core operations and investment optimisation.