e& Posts Strong Q1 as Revenue and Profit Surge Amid Global Tech Push
e& has kicked off 2025 with a sharp rise in revenue and profit, solidifying its position as a global technology leader and signalling strong momentum in its digital growth strategy.
In its Q1 2025 results, the group reported consolidated revenue of AED 16.9 billion, marking an 18.7% year-on-year increase. Net profit soared to AED 5.4 billion — a 129.9% jump compared to the same period last year. EBITDA stood at AED 7.4 billion, up 15.4% year-on-year.
The UAE-based tech and telecom giant also saw its global subscriber base climb to 194.8 million, a 12.9% increase, with 15.3 million subscribers in the UAE alone. The growth highlights strong demand for its 5G networks, AI-powered solutions, and digital services across markets.
Group CEO Hatem Dowidar said the results reflect 'disciplined execution and dedicated customer focus,' crediting the company's ability to innovate, scale, and deliver across a competitive global landscape.
Dowidar pointed to key milestones, including e&'s investment in PPF Telecom at the end of 2024 and the monetisation of its stake in Khazna Data Centres in March, as strategic moves that underscore the group's ambition to build a digital ecosystem spanning three continents.
He added that e& is not only delivering strong financials but also shaping the digital future by leveraging AI, expanding network infrastructure, and creating long-term value for shareholders.
The strong Q1 performance sets a confident tone for the rest of the year as e& continues to evolve from a telecom operator into a diversified global tech player.
News Source: Emirates News Agency
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