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Tahawul Tech
an hour ago
- Tahawul Tech
e& reports 60.7% increase in consolidated net profit, reaching Dh8.8 billion in H1 2025
Abu Dhabi — e& today announced its consolidated financial results for the first half of 2025, reporting continued growth momentum and strategic progress across its business pillars. e&'s performance reinforces the Group's position as a global technology leader, driving digital transformation at scale across regional and international markets. Consolidated revenue increased to Dh34.9 billion, representing a year-over-year growth of 23.3 per cent compared to H1 2024. Consolidated net profit in H1 rose to AED 8.8 billion, up 60.7 per cent from the previous year. EBITDA in H1 reached Dh 15.4 billion, a YoY increase of 18.8% with EBITDA margin of 44.1 per cent. The Group's subscriber base grew to 198 million globally, marking a 13.1 per cent increase year-over-year. H.E. Jassem Mohamed Bu Ataba Alzaabi, Chairman, e&, said, 'In the first half of 2025, e& continued to strengthen its leadership position, driven by its strategic investments and robust business model. Our continued strong performance reflects our commitment to long-term value creation, with major milestones reflecting the Board's strategic foresight. 'In H1, e& continued its growth trajectory, delivering consolidated revenue of Dh34.9 billion—a year-on-year increase of 23.3 per cent—and achieving consolidated net profits of Dh8.8 billion, up 60.7 per cent compared to the same period last year. Alongside our outstanding financial performance, we maintained our focus on bringing the latest technologies to best serve our customers. We launched the UAE Sovereign Cloud Launchpad alongside AWS and the UAE Cybersecurity Council. This landmark initiative advances national priorities around digital sovereignty, secure AI, and cloud innovation, and is set to unlock enduring value for the nation's digital economy. 'Thanks to the UAE's visionary leadership that inspires us, e& will continue enabling the knowledge economy with responsibility and ambition. We remain committed to shaping resilient, inclusive, and innovation-led societies across the markets we serve.' In the UAE, e& UAE subscribers reached 15.5 million, driven by rising demand for advanced connectivity solutions, AI-powered services, and tailored digital experiences that address the evolving needs of both individuals and businesses. Hatem Dowidar, Group Chief Executive Officer, e&, said: 'e& delivered strong performance in the first half of 2025, reflecting our agility, innovation, and ability to scale. We preserved the momentum witnessed across our different verticals. Our diverse revenue streams enabled the group to drive financial success and deliver robust operational growth. Revenues in Q2 and H1 increased by 28.1 per cent year-over-year to Dh 18.0 billion and by 23.3 per cent to Dh34.9 billion, respectively. Our EBITDA grew by 18.8 per cent to Dh15.4 billion in the first half. These results demonstrate the strength of our transformation strategy and our continued focus on operational excellence and value creation. 'We achieved a series of strategic milestones, including the divestment of Khazna and partial divestment of Airalo during the first half of the year, which enhanced our financial flexibility. In parallel, we introduced the UAE Sovereign Cloud Launchpad, reinforcing our focus on secure, sovereign AI solutions. We also became one of the first companies to earn the 'Tier S' designation under the Dubai AI Seal, a top-level recognition of our leadership in responsible AI development and deployment. Additionally, we advanced our international footprint through the acquisition of Serbia Broadband, while our collaboration with Qualcomm is accelerating 5G evolution and edge AI integration across key industries. 'Our progress was further recognised internationally, with e& named the world's Fastest Growing Brand by Brand Finance. This recognition reflects our bold ambition, customer-centric innovation, and growing global presence. As we look ahead, we remain focused on enabling future technologies and delivering lasting impact across the communities we serve.'
Tahawul Tech
an hour ago
- Tahawul Tech
quantum encryption Archives
"We're not talking about a little event - people died - and we didn't see a performance of this warning in the way we would like." Learn more about the shortcomings of @Google's earthquake detection technology below. #Google #tahawultech
Zawya
2 hours ago
- Zawya
UPDATE 1-AT&T to dual list on NYSE Texas
Wireless carrier AT&T said on Thursday it will dual list on the NYSE Texas, effective August 1. NYSE Texas officially opened for business in March and has seen several companies, including oilfield service company Halliburton and Truth Social-parent Trump Media & Technology Group, dual list on the Dallas-based exchange in the first three months. "Following its dual listing, AT&T will maintain its primary listing on the New York Stock Exchange and trade with the "T" ticker symbol on NYSE Texas," the company said. (Reporting by Harshita Mary Varghese in Bengaluru; Editing by Sriraj Kalluvila)
