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UAE's E& generates $9.5 billion in revenue |
UAE's E& generates $9.5 billion in revenue in the first half
The E& Group, listed on the Abu Dhabi Securities Exchange, revealed its financial results for the first half of 2025, reflecting continued growth across various business pillars. These results reflect its strategic vision and consolidate its position as a leading global technology group that effectively contributes to driving digital transformation across regional and global markets.
e& achieved a 23.3% increase in consolidated revenues in the first half of 2024, reaching AED 34.9 billion (approximately $9.5 billion). Consolidated net profit also rose to AED 8.8 billion, a 60.7% year-on-year increase, underscoring the group's strong performance across its diverse portfolio. Consolidated EBITDA for the first half of the year reached AED 15.4 billion, an 18.8% year-on-year increase, achieving a profit margin of 44.1%.
e& strengthened its global presence, with the number of subscribers increasing to 198 million worldwide, a 13.1% increase compared to the first half of last year. e& Emirates' subscribers reached 15.5 million, a 6.3 percent increase compared to the first half of last year. This is driven by the growing demand for advanced connectivity solutions, artificial intelligence services, and integrated digital experiences that the group continues to develop to meet the aspirations of individuals and businesses alike.
Hatem Dowidar, CEO of e& Group, said: "e& achieved strong performance during the first half of 2025, reflecting our high resilience, adaptability, and innovation. We were also able to continue the growth witnessed across our various business pillars, as our diversified revenue sources enabled us to achieve financial success and strong operational growth. We recorded a 28.1 percent year-on-year growth in consolidated revenues, reaching AED 18.0 billion in the second quarter.
And a 23.3 percent growth in consolidated revenues, reaching AED 34.9 billion in the first half of the year." EBITDA also grew by 18.8 percent year-on-year, reaching AED 15.4 billion in the first half. These results underscore the success of our transformation strategy and our continued focus on operational excellence and sustainable value creation.
He concluded by saying, "Our progress has been recognized globally, with E& being named the world's fastest-growing brand by Brand Finance, a recognition that reflects our bold ambition, customer-centric innovation, and accelerated global expansion. As we look to the future, we remain focused on enabling future technologies and achieving a sustainable impact in the communities we serve, cementing our role in leading the global innovation and digital transformation landscape."
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