du records 7.9% rise in revenues, reaching Dhs3.9b in third quarter

Gulf Today, Staff Reporter

Dubai: Emirates Integrated Telecommunications Company (du) reported its financial results for the third quarter of 2025.

During the third quarter, the company sustained strong momentum with revenues up 7.9% year-over-year reaching Dhs3.9 billion, reflecting solid commercial performance across key segments.

The company disciplined execution translated into a robust EBITDA margin of 47.8% in the third quarter with a strong profit growth of Dhs732 million.

The quarter was also marked by the successful completion of a secondary public offering of 7.55% of share capital, which will significantly strengthen its capital market profile.

The company's strong commercial momentum across both B2C and B2B segments, together with a strong pipeline of partnerships — including recent agreements announced at GITEX — demonstrates its ability to sustain topline growth and strengthen our market leadership.

Continued scaling of the ICT business, as recently witnessed by the launch of the AI Park ecosystem

Successful completion of the Secondary Public Offering of 75% of the shares previously owned by Mubadala in the capital of the company, increasing du’s free float to 27.7%, enhancing liquidity, diversifying the investor base and providing a potential pathway for indices inclusion.

Healthy market trends and strong commercial positioning translated into a growth of 10.3% of the Mobile base and 9.7% of the Fixed base.

Fahad Al Hassawi, CEO commented: “Our third-quarter performance reinforces the strong trajectory established in the first half of the year. We continue to deliver consistent results across our key segments, with solid business fundamentals and commercial success driving robust year-on-year subscriber growth and a steady 7.9% increase in revenues. Profitability remained strong, with an EBITDA margin of 47.8%, representing a normalized expansion of 3.7 percentage points year-on-year, while net profit grew by 25.8% on a normalized basis. These achievements underscore the effectiveness of our disciplined execution and our focus on value-accretive growth, fully supporting the full-year guidance we have reaffirmed. The successful completion of our secondary public offering strengthens du’s market profile by increasing free float and diversifying our investor base, with increased liquidity positioning us for potential index inclusion. The strong demand highlights investor confidence in our growth trajectory, operational excellence, and focus on long-term shareholder value creation. We are progressing with determination on our strategic priorities — reinforcing growth in our core connectivity business while rapidly scaling our high-potential beyond-the core segments. The success of our Envision flagship Tech event, the recent launch of the AI Park and the AI supercluster exemplify our commitment to leadership in sovereign AI and our focus on sustainable diversification.”

In Q3, du's mobile customer base grew by 10.3% year-over-year, reaching 9.2 million subscribers, representing 854,000 net-additions over the past 12 months.

Postpaid rose 8.6% year-over-year to 1.9 million customers with sustained momentum in the Enterprise segment, successful iPhone 17 launch and improved customer retention. Prepaid grew by 10.7% to 7.2 million subscribers, reflecting the continuous strength of the Alo brand, effective seasonal campaigns and broader retail channel coverage. Fixed customer base also recorded a strong year-over-year growth of 9.7%, reaching 718,000 subscribers, with 64,000 net-additions over the past 12 months. Mobile revenues climbed by 8.4% year-over-year to Dhs1.8 billion driven by sustained customer base growth and favourable mix in both prepaid and postpaid.

Fixed revenues rose by 8.9% year-over-year reaching Dhs1.1 billion reflecting continued customer growth in both Home Wireless and Fibre.