du reports 15.5% rise in Q1 net profit to Dhs834 million

Emirates Integrated Telecommunications Company (du) reported a 15.5 per cent year-on-year increase in net profit for the first quarter of 2026, reaching Dhs834 million.

Revenues grew by 6.9 per cent year-on-year to Dhs4.1 billion.

Earnings before interest, tax, depreciation and amortisation (EBITDA) rose by 11.7 per cent to Dhs2 billion, while the EBITDA margin expanded by 2.1 percentage points to 49.5 per cent.

The company continued to generate strong cash flows, with operating free cash flow increasing by 14.2 per cent to Dhs1.7 billion.

In April, the company successfully refinanced and arranged a Dhs2 billion revolving credit facility on improved terms, with a maturity of seven years, strengthening its financial flexibility and credit profile.

Fahad Al Hassawi, Chief Executive Officer of Emirates Integrated Telecommunications Company, said, "du started 2026 with strong fundamentals and clear commercial momentum across mobile, fixed, and ICT. We delivered an excellent set of financial results, with revenues up 6.9%, EBITDA up 11.7% and net profit rising 15.5%.”

The mobile subscriber base grew by 6.1 per cent year-on-year in the first quarter to 9.7 million subscribers.

Net additions to the mobile subscriber base reached 555,000 over the past 12 months.

Postpaid subscribers increased by 9.6 per cent year-on-year to 2 million, while prepaid subscribers grew by 5.2 per cent to 7.7 million.

The fixed services subscriber base rose by 6.3 per cent year-on-year to 745,000 subscribers.

Mobile service revenues increased by 7.2 per cent year-on-year to Dhs1.8 billion, while fixed service revenues rose by 11.1 per cent to Dhs 1.2 billion.

Other revenues increased by 2.3 per cent during the first quarter to Dhs1.2 billion. Capital expenditure for the first quarter stood at Dhs386 million.

WAM