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Tahawul Tech
16 minutes ago
- Tahawul Tech
DLSS 4 Archives
"@Cisco helps customers adapt to sophisticated threats in multi-cloud environments". Learn more about Westcon Comstor and @Teksalah's involvement in this collaboration below. #WestconComstor #Cisco #Teksalah #tahawultech
Zawya
an hour ago
- Zawya
UAE showcases global leadership at UN Sustainable Development Forum, commits to 2026 SDG review
New York, USA: The UAE reiterated its strong commitment to global sustainable development at the United Nations High-Level Political Forum (HLPF) on Sustainable Development 2025 in New York, emphasizing international partnerships and placing human progress at the center of its vision for the 2030 Sustainable Development Goals (SDGs) and beyond. The message capped an active UAE presence at the forum, organized at the UN headquarters by the UN Department of Economic and Social Affairs, and attended by global leaders and organizations. The UAE delegation comprised senior officials from key ministries, national committees, and leading organizations, including the Ministry of Cabinet Affairs, Ministry of Interior, Ministry of Investment, Government Experience Exchange Programme (GEEP), General Secretariat of the National Committee on SDGs, the Environment Agency - Abu Dhabi (EAD), Noor Dubai Foundation, and Dubai Chambers. The UAE's Pioneering Model His Excellency Abdulla Nasser Lootah, Assistant Minister of Cabinet Affairs for Competitiveness and Experience Exchange and Chair of the National Committee on Sustainable Development Goals, highlighted the UAE's innovative and collaborative approach to international development cooperation. He said: 'We presented models and initiatives that showcase pioneering national development initiatives and reflect the importance of strategic partnerships in accelerating SDG achievement. These included the 2045 XDGs Report that envisions development prospects for the next two decades, and GEEP. We held meetings that focused on continually enhancing multilateral collaborative action to support finding innovative solutions to challenges in health, economic growth, the future of work, biodiversity, and international stability.' He confirmed the start of intensive preparations for the 2026 Voluntary National Review (VNR), to monitor and assess progress toward the 2030 SDGs. This reflects the UAE's unwavering commitment to transparency and accountability, comprehensive analysis of challenges and opportunities, and identifying future development priorities with participation from government, private sector, and civil society to ensure effort integration and vision unification, based on the UAE's ambitious vision for building a sustainable and inclusive future based on innovation, sustainability, and human development. HE Lootah noted that preparations are underway for the UAE's 2026 Voluntary National Review, underlining the nation's commitment to transparency, cross-sector collaboration, and a sustainable, inclusive future. The UAE is also preparing to host the UN Water Conference in December 2026, advancing global water sustainability. Strengthening Global Cooperation and Shaping Tomorrow The UAE reaffirmed its commitment to international cooperation and knowledge exchange, spotlighting initiatives that drive climate action, economic growth, and human development. Through high-profile events – including the 'Shaping Tomorrow: UAE Leadership for a Sustainable Future' exhibition – the delegation showcased innovative models and fostered dialogue with global partners. A special session by GEEP expanded the UAE's partnership network to nearly 50 countries and six international organizations, reinforcing its leadership in collaborative action. The launch of the 2045 XDGs Report, which outlines global development priorities beyond 2030 and builds on the momentum of the SDGs to address emerging challenges and opportunities, along with findings from a global survey, further underscored the UAE's active role in shaping sustainable development with forward-looking recommendations for the next two decades. Driving Innovation and Partnerships for Sustainable Progress The UAE delegation, in partnership with the UAE Consulate General in New York, showcased national leadership in advancing the SDGs through innovation and collaboration. The pivotal role of the Global Councils for SDGs – launched at the World Government Summit – was highlighted as a platform uniting leaders from government, international organizations, academia, and the private sector to accelerate progress through shared expertise. Sessions organized by the General Secretariat of the National Committee on SDGs focused on promoting gender balance and child welfare, addressing the digital gender gap, and strengthening women's leadership as essential drivers of sustainable growth beyond 2030. The UAE also hosted a roundtable on reimagining economic growth for people and the planet, and led discussions on economic diplomacy and integrating social and economic objectives for global stability. Additionally, the Ministry of Interior presented successful cross-border environmental initiatives, such as the Green Shield Operation, which aims to protect biodiversity in the Amazon Basin. Throughout the forum, the UAE strengthened international cooperation by holding 48 bilateral meetings and participating in high-impact Science Day activities. The HLPF on Sustainable Development is the UN's leading platform for SDG review and progress.
Zawya
an hour ago
- Zawya
Du reports a stellar net profit expansion in Q2 2025 with a 25.1% year-over-year growth
Board of Directors approves interim cash dividend of AED 0.24 per share, up 20% year-over-year Dubai, UAE – Emirates Integrated Telecommunications Company PJSC (du) reported its financial results for the second quarter of 2025. Continuing the positive momentum established in the first quarter, our revenues increased by 8.6% year-over-year, reflecting strong performance across all business segments and solidifying our market position. EBITDA rose by 16.4% resulting in an EBITDA margin of 46.8%, a 3.1 percentage points improvement year-over-year, driven by our strategic focus on value-driven products and our disciplined cost management. This operational excellence translated into an impressive net profit increase of 25.1%. In recognition of these strong financial results, the Board has approved an interim cash dividend of AED 0.24 per share, representing an increase of 20% year-over-year. Q2 2025 Highlights Solid subscriber base growth with an increase of 10.8% in Mobile and 12.0% in Fixed, reflecting positive market dynamics and good level of customer acquisition Strong market position with 8.6% revenue growth and solid performance across all business segments Impressive bottom-line growth with EBITDA up 16.4% and margin improving by 3.1 pp to 46.8% resulting in net profit rising by 25.1% 2025 guidance: 2025 Revenue growth of 6-8%, 2025 EBITDA margin: 45-47% Upgraded full-year guidance supported by the strong performance achieved in the first half and highlighting confidence in the growth trajectory Strategic investments in adjacent businesses to support future growth highlighted by: Quarterly Half year AED million Q2 2025 Q2 2024 change H1 2025 H1 2024 change Other revenues 1,085 998 8.8% 2,153 2,016 6.8% EBITDA 1,826 1,569 16.4% 3,650 3,155 15.7% EBITDA Margin (%) 46.8% 43.7% 3.1pp 47.1% 44.0% 3.1pp Net profit 727 581 25.1% 1,449 1,184 22.4% Capex 545 442 23.1% 921 801 15.0% Capital intensity (%) 14.0% 12.3% 1.6pp 11.9% 11.2% 0.7pp Operating Free Cash Flow 1,282 1,126 13.8% 2,729 2,354 15.9% Malek Al Malek, Chairman said: 'Our strong performance in the first half of 2025 reflects the effective delivery of our focused strategy, underpinned by a favourable economic environment and sustained commitment to business excellence. The Board is confident in management's customer-centric and agile approach, which reinforces du's leadership in driving innovation and adaptability. We take pride in our strategic initiatives that contribute to advance the UAE digital agenda, expanding our ICT capabilities and accelerating the digital transformation. Through partnerships with global technology leaders, we are enabling sovereign hyperscale cloud and AI services from UAE-based data centres—empowering a smarter, more connected future for the Emirates. We continue to ensure disciplined capital allocation and sustained long-term value creation for our shareholders. Reflecting our robust first-half results and continued confidence in du's future prospects, the Board has approved an interim dividend per share of 24 fils, underlining our enduring commitment to shareholder returns.' Fahad Al Hassawi, CEO commented: 'Our second quarter financial results showcased impressive performance, fuelled by the meticulous execution of our strategy and consistent growth across every aspect of our operations. We achieved double digit growth in both our Mobile and Fixed subscriber base, underscoring our market leadership and brand strength. We advanced our network coverage and enhanced our connectivity offering with the commercial rollout of 5G Advanced. Our fibre infrastructure also expanded significantly, supporting long-term demand for high-speed connectivity. We launched the UAE's first sovereign hyperscale cloud platform, the National Hypercloud, and made advances in deploying our hyperscale data centre in collaboration with Microsoft, positioning us at the forefront of secure, AI-ready digital infrastructure. These operational achievements translated into strong financial performance underpinned by our disciplined approach to value creation and cost efficiency. The solid revenue growth of 8.6% year-over-year was coupled with strong profitability as EBITDA margins expanded by 3.1 percentage points to 46.8%, translating into a 25.1% increase in net profit. Our upgraded full-year guidance reflects the strong performance achieved in the first half of the year, our confidence in the resilience of our business model and our ability to deliver sustainable, profitable growth.' Customer base In Q2 our Mobile customer base grew by 10.8% year-over-year, reaching 9.1 million subscribers, representing 893,000 net-additions year-over-year. Postpaid rose 9.8% year-over-year to 1.9 million customers supported by strong momentum in the enterprise segment. Prepaid grew by 11.1% to 7.3 million subscribers, reflecting the continuous success of the Alo brand among blue-collar workers and the expansion of retail presence in underserved areas, as well as a solid tourist activity. In Q2 our Fixed customer base recorded a strong year-over-year growth of 12.0%, reaching 706,000 subscribers, with 76,000 net-additions over the past 12 months. This performance was driven by the continued success of our Home Wireless offering as well as sustained demand for fibre broadband services, reflecting our enhanced value proposition and our expanding Network. Q2 2025 Financial Highlights Revenues surged by 8.6% year-over-year reaching AED 3.9 billion, marking strong performance across both service and non-service revenues. This strong performance underscores the continued momentum in our core business and the successful execution of our revenue diversification strategy. Mobile revenues climbed by 7.7% year-over-year to AED 1.7 billion reflecting sustained growth in our customer base and the success of our targeted propositions and highly effective marketing campaigns. The optimized use of digital and retail channels also enhanced customer acquisition and engagement, further fuelling revenue momentum. Fixed revenues rose by 10.1% year-over-year reaching AED 1.1 billion mainly driven by the ongoing expansion in Home Wireless and Fibre customer base. We witnessed encouraging traction in the SME segment, along with increased adoption of Office Wireless solutions-further cementing our position as a trusted partner for connectivity and productivity. 'Other revenues' recorded an 8.8% year-over-year growth to AED 1.1 billion buoyed by higher inbound roaming and interconnection revenues—reflecting our expanded Mobile base, higher handset sale, and growth in ICT revenues in line with our strategic ambition to broaden revenue streams beyond traditional connectivity. EBITDA grew by 16.4% to AED 1.8 billion, with the EBITDA margin improving by 3.1 points year-over-year to 46.8%. The uplift was fuelled by a stronger gross margin, mainly benefiting by a more favourable mix, with continued migration toward unlimited data plans. Our continued discipline around cost efficiency and collections also played a pivotal role in enhancing profitability. Net Profit rose by 25.1% year-over-year to AED 727 million, delivering a Net Profit margin of 18.6%. This reflects the strength of our operational performance and a clear focus on value creation for our shareholders. Capex reached AED 545 million (Q2 2024: AED 442 million), representing a capex intensity of 14.0% (Q2 2024 capex intensity of 12.3%). This increase reflects our commitment to scaling our data centre capabilities and supporting long-term digital infrastructure growth. Operating free cash flow (EBITDA – Capex) rose by 13.8% to AED 1.3 billion, underpinned by strong EBITDA growth. This robust cash generation provides the financial flexibility to invest in future growth while maintaining attractive shareholder returns. Based on these results, the Board approved an interim dividend of AED 0.24 per share for the first half of the year, representing a 20% increase year-over-year and reflecting the strong financial performance and confidence in our outlook. About du du adds life to life with a comprehensive portfolio of mobile, fixed, broadband, entertainment services, and fintech solutions. Through a digital-first approach powered by ultra-reliable fibre and 5G technology, du delivers bespoke solutions leveraging cloud computing, AI-driven analytics, advanced cybersecurity, and IoT integration. As a trusted digital telco enabler spearheading the UAE's digital transformation, we collaborate with a dynamic partner ecosystem to propel industries and society toward operational excellence, shaping a more connected and digitally advanced future across the region.
