e& has kicked off 2025 with a robust financial performance, delivering a consolidated revenue of AED 16.9 billion in the first quarter, marking an 18.7% year-on-year (YoY) increase. The group’s consolidated net profit also surged to AED 5.4 billion, reflecting a remarkable 129.9% growth compared to the same period in 2024.
According to the statement released today, the Group’s EBITDA rose to AED 7.4 billion, registering a 15.4% YoY growth, underlining the effectiveness of its strategic focus on digital transformation, AI integration, and next-generation connectivity.
Subscriber Growth and Market Expansion
e&’s total subscriber base reached 194.8 million, up 12.9% YoY. In the UAE alone, the subscriber count climbed to 15.3 million, highlighting the growing demand for the group’s advanced connectivity solutions and innovative digital services.
CEO Highlights AI, 5G, and Global Reach
Hatem Dowidar, Group Chief Executive Officer of e&, commented,
“Q1 2025 marks another milestone in e&’s journey, with a strong performance across all fronts. Our consolidated revenue reached AED 16.9 billion while EBITDA amounted to AED 7.4 billion, growing year over year by 18.7% and 15.4%, respectively, and benefiting from disciplined execution, dedicated customer focus, and guided by our vision of being a global technology company.”
Dowidar emphasised the group’s ability to deliver impact at scale while navigating a highly competitive global landscape. He pointed to strategic initiatives such as deploying the region’s most advanced 5G networks and integrating AI across all business lines. The CEO also noted the significance of the group’s investment in PPF Telecom at the end of 2024, which expanded e&’s operational footprint across three continents.
Strategic Monetisation and Sustainable Value
Dowidar further noted,
“Strong first quarter results was crowned with the successful monetisation of our stake in the Khazna business at a lucrative valuation towards the end of March. These outcomes are not aspirational — they are clear proof points. We are translating our ambition into measurable performance.”
He concluded by reaffirming e&’s commitment to delivering sustainable shareholder value through network leadership, strategic market expansion, and continuous asset optimisation.
