Emirates Integrated Telecommunications Company reported a 15.5% year-on-year rise in net profit for the first quarter of 2026, reaching AED834 million. Moreover, revenues increased 6.9% to AED4.1 billion, reflecting steady growth across its operations.
EBITDA rose 11.7% year-on-year to AED2 billion. Additionally, the EBITDA margin expanded by 2.1 percentage points to 49.5%, supported by stronger operating performance.
The company also maintained solid cash generation during the quarter. As a result, operating free cash flow increased 14.2% to AED1.7 billion.
Refinancing strengthens liquidity position
In April, the company refinanced and arranged a AED2 billion revolving credit facility on improved terms. Moreover, the facility carried a seven-year maturity, strengthening financial flexibility and enhancing the 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%.”
Subscriber base expands across segments
The mobile subscriber base grew 6.1% year-on-year in the first quarter to 9.7 million. Additionally, net additions reached 555,000 over the past 12 months, highlighting sustained customer demand.
Postpaid subscribers increased 9.6% to 2 million. Meanwhile, prepaid subscribers rose 5.2% to 7.7 million.
The fixed services subscriber base also expanded, rising 6.3% year-on-year to 745,000. Moreover, mobile service revenues increased 7.2% to AED1.8 billion, while fixed service revenues rose 11.1% to AED1.2 billion.
Other revenues increased 2.3% to AED1.2 billion during the quarter. Capital expenditure for the first quarter totalled AED386 million.
