e& has commenced 2025 on a strong footing, continuing its upward trajectory in growth and digital innovation. The Group delivered robust results across key financial indicators, demonstrating the effectiveness of its strategy and its growing influence as a global technology entity.
The Group’s consolidated revenue rose to AED 16.9 billion, representing an 18.7 per cent year-on-year increase. Net profit surged to AED 5.4 billion, reflecting a remarkable growth of 129.9 per cent compared to the same period last year. Meanwhile, EBITDA reached AED 7.4 billion, up 15.4 per cent year-on-year, according to a statement issued by the Group today.
Total subscribers across the Group expanded to 194.8 million, reflecting a 12.9 per cent year-on-year rise. Within the UAE, subscriber numbers reached 15.3 million, highlighting sustained demand for e&’s next-generation connectivity, AI-enabled offerings, and immersive digital experiences.
Hatem Dowidar, Group Chief Executive Officer of e&, commented: “The first quarter of 2025 marks another significant chapter in e&’s journey, with solid performance delivered across all metrics. We reported AED 16.9 billion in consolidated revenue and AED 7.4 billion in EBITDA, registering year-on-year growth of 18.7 per cent and 15.4 per cent, respectively. These achievements are the result of disciplined strategy execution, a strong customer focus, and our aspiration to become a global technology powerhouse.”
He continued: “What differentiates e& is our ability to innovate, scale, and deliver in a highly competitive global environment. Whether it is embedding AI across operations, deploying the region’s most advanced 5G infrastructure, or expanding our presence across three continents through the e& PPF Telecom investment at the close of 2024, we are creating a digital ecosystem that empowers individuals, enterprises, and governments alike. We are not merely growing — we are deliberately shaping the digital future with ambition, purpose, and global reach.”
He added: “The strong results for the first quarter were further enhanced by the successful monetisation of our stake in the Khazna business at an attractive valuation in late March. These outcomes are not just aspirational — they represent tangible proof of our progress. We are turning our ambitions into measurable achievements through robust financial performance, sustained network leadership, strategic market expansion, and asset optimisation — all aimed at generating long-term value for our shareholders.”
