e& reports 60.7% increase in consolidated net profit, reaching Dh8.8 billion in H1 2025
ABU DHABI (WAM) 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 (YoY) growth of 23.3 percent compared to H1 2024.Consolidated net profit in H1 rose to Dh8.8 billion, up 60.7 percent from the previous year.EBITDA in H1 reached Dh15.4 billion, a YoY increase of 18.8 percent with EBITDA margin of 44.1 percent. The Group's subscriber base grew to 198 million globally, marking a 13.1 percent increase year-over-year.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.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, and 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.'Hatem Dowidar, Group Chief Executive Officer, e&, stated, '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. 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.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Gulf Today
6 hours ago
- Gulf Today
Sharjah, Canada discuss waysto explore business partnership
The Sharjah Chamber of Commerce and Industry (SCCI) discussed with the Consulate General of Canada in Dubai ways to expand economic cooperation and elevate current trade and investment ties into a strategic partnership. The discussions highlighted the institutional frameworks to support the business communities in both Sharjah and Canada, including joint participation in trade exhibitions and a proposal to formalize collaboration through memorandums of understanding between private sector entities. This took place as Abdallah Sultan Al Owais, Chairman of SCCI, received Anthony Finch, Deputy Consul General and Senior Trade Commissioner of the Consulate General of Canada in Dubai. The meeting was attended by several officials from both sides. The meeting focused on reinforcing the robust economic relationship between the UAE and Canada by strengthening communication channels among business stakeholders. The Sharjah Chamber outlined its strategic vision to attract value-driven investments in key knowledge-based sectors, including AI, healthcare, and education. The Chamber also recognised the valuable contributions of Canadian businesses in Sharjah's economy, noting that they form a solid foundation for advancing the shared development goals of both sides. Al Owais affirmed that UAE-Canada ties exemplify a well-developed partnership, with the UAE ranking among Canada's top regional export markets. He also acknowledged the UAE-Canada Business Council's contribution to supporting major enterprises. "The Chamber aspires to sign a memorandum of understanding with a counterpart regional chamber in Canada. This would help unlock new opportunities, establish a legal framework for joint forums, and expand on ongoing success stories across high-potential sectors, in collaboration with government stakeholders in the emirate,' Al Owais added. For their part, the Canadian delegation praised the Sharjah Chamber for its proactive efforts to strengthen bilateral cooperation and for its strategic approach to empowering business communities to access opportunities in both Canadian and Emirati markets. They emphasised that Canada considers Sharjah a compelling investment hub, supported by its modern business ecosystem, world-class infrastructure, strategic geographic positioning, and extensive regional and global trade networks. As part of its drive to strengthen bilateral ties and attract Canadian investment, the Sharjah Chamber shared the upcoming events' calendar of Expo Centre Sharjah with the Canadian delegation during the meeting. The meeting concluded with both sides reaffirming the deep historical ties between the UAE and Canada and agreeing to maintain close coordination to turn shared strategic visions into actionable initiatives that advance business collaboration. Last week, the Sharjah Chamber of Commerce and Industry (SCCI) recorded a strong performance and significant growth across key metrics during the first half of 2025, reporting more than 37,000 new memberships and membership renewals, marking a growth of over 12 percent compared to the same period in 2024, which registered 33,000 memberships. The combined export and re-export values of registered member companies reached approximately Dhs11 billion in the first half of 2025, as reported by SCCI. The Chamber also issued 41,294 certificates of origin during the same period, marking a 6 percent increase compared to the previous year. This reflects SCCI's leading efforts to support the business and investment environment in the emirate of Sharjah. SCCI's certificates of origin for H1 2025 showed that Saudi Arabia topped the list of importers from Sharjah, with export and re-export values exceeding Dhs5.9 billion, reinforcing strong bilateral trade ties and Sharjah's position as a key supplier to Gulf markets. Oman ranked second with more than Dhs1.6 billion, followed by Iraq with over Dhs1.5 billion. Other prominent export destinations included Qatar, the United Kingdom, Egypt, Ethiopia, Kuwait, and India. In his remarks, Abdallah Sultan Al Owais, Chairman of SCCI, stated that the surge in memberships during the first half of 2025 is a testament to the growing investor confidence in Sharjah's business ecosystem. He emphasised that the emirate's favorable investment environment and its array of competitive advantages and incentives have positioned Sharjah as a major business hub and investment destination. For his part, Mohammed Ahmed Amin Al Awadi, Director-General of SCCI, noted that the Chamber's strong performance in H1 2025 reflects the effective rollout of its 2025-2027 strategic plan. The strategy focuses on Sharjah's economic empowerment, entrepreneurial development, private sector competitiveness, and the creation of a growth-oriented investment climate. During the first half of this year, the Sharjah Chamber remained committed to diversifying its initiatives and launching strategic economic and trade events, programs, and exhibitions aimed at advancing the emirate's ongoing economic development. The Chamber engaged in a series of business meetings with official, diplomatic, and trade delegations to foster strategic partnerships between Sharjah's private sector and global counterparts. It also facilitated targeted discussions with sectoral business groups and key entrepreneurs. As part of its efforts to expand international cooperation and open new market opportunities for Sharjah's business community, the Sharjah Chamber organized two successful trade missions to India and Mauritius the first half of 2025. These missions featured high-level meetings with government representatives, entrepreneurs, and investors to foster cross-border business engagement. Last month, Abdallah Sultan Al Owais affirmed that Sharjah holds a strategic position for Indian companies as a preferred investment destination, thanks to its fully integrated competitive advantages. He noted that Indian investors form a key component of Sharjah's business landscape, with nearly 2,000 new Indian companies joining the Chamber in 2024. This growth brought the total number of Indian businesses operating in the emirate to around 20,000, reflecting a 30 per cent increase compared to 2023. Furthermore, Sharjah's export and re-export volume to India totaled approximately Dhs576 million, as documented through certificates of origin issued by the Chamber. These remarks were made during the Sharjah-India Business Forum, which was organised by the Sharjah Chamber in Mumbai, the first stop of its trade mission to the Republic of India, led by the Sharjah Exports Development Centre (SEDC). The delegation comprises 15 companies from Sharjah, representing a range of economic sectors. WAM
Khaleej Times
6 hours ago
- Khaleej Times
Watch: Sheikh Mohammed waves at humanoid robot during live demonstration
When was the last time you saw a humanoid robot wave and walk towards you? Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, had an experience that not many residents get to have during a meeting with local dignitaries at the Union House in Dubai today, August 6. In a video posted by Wam, the leader could be seen waving back at the humanoid robot. The robot also showcased its speed by running inside the majlis as the dignitaries looked on. The robot was present as part of a live demonstration of the Unitree G1 by Dubai Future Labs. The lightweight, highly balanced robot mimics human movement and represents the latest in robotics and AI. Watch the clip below: It will soon be featured in the Museum of the Future's interactive displays, welcoming visitors and showcasing advanced technology, allowing residents and tourists to watch it in action too. The Unitree G1 is a humanoid robot that stands 130cm tall and weighs around 35kg. Its onboard computing includes an 8-core high-performance CPU, with sensory hardware like a depth camera, 3D LiDAR, microphone array, speaker, Wi‑Fi 6, and Bluetooth 5.2. The robot runs for about two hours on a 13‑string lithium battery. Meeting at Al Mudaif Majlis During the gathering, Sheikh Mohammed highlighted the UAE's continued progress in building a distinctive development model based on openness, competitiveness, and support for entrepreneurship. He noted that the country's success stems from ambitious goals, a people-centred approach, and strong public-private partnerships. The achievements of recent decades, he added, reflect a clear vision driven by planning, determination, and collaboration. He added that the UAE remains committed to being a land of opportunity, a hub for prosperity, and a welcoming home for all who contribute to its growth. He also said that at every stage, the UAE has set new benchmarks for progress and established a model economy rooted in innovation. The outcomes of this journey are evident today in the country's stability, social cohesion, and the resilience and growth of its economy. The Ruler also highlighted Dubai's vital role in the UAE's broader development journey, as it continues to strengthen its position as a leading global economic centre. Driven by investor confidence, market maturity, and its ability to attract top talent and opportunities, the emirate continues to advance the goals of Dubai Economic Agenda D33, he highlighted.
Khaleej Times
7 hours ago
- Khaleej Times
Dubai: Smart Nol card top-ups see 20% rise as less commuters rely on ticket machines
Dubai's Roads and Transport Authority (RTA) announced a 20 per cent increase in nol card top-up transactions through digital channels during the first half of 2025, compared to the same period in 2024. This reflects ongoing efforts to advance digital transformation in public transport services and enhance customer satisfaction. The authority explained that the improvements included the provision of digital machines for ticket sales and top-ups, public awareness initiatives encouraging the use of digital channels such as the website and mobile payment applications, in addition to raising the minimum top-up amount for nol cards through machines and ticket sales offices. Statistics showed a 28 per cent decrease in the total number of top-up transactions via ticket vending machines, while digital transactions via these machines increased by 20 per cent. Meanwhile, cash transactions at ticket sales offices declined by 37 per cent, and digital transactions by six per cent, resulting in an overall 26 per cent drop in transactions at ticket offices. The RTA affirmed that this shift contributed to shorter queues and lower operating costs related to cash handling, along with an 80 per cent decrease in vending machine malfunctions due to fewer cash-based transactions.
