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Gulf Today
25-07-2025
- Business
- Gulf Today
du's Q2 net profit expanded by a stellar 25.1% y-o-y
Emirates Integrated Telecommunications Company (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 per cent year-over-year, reflecting strong performance across all business segments and solidifying our market position. EBITDA rose by 16.4 per cent resulting in an EBITDA margin of 46.8 per cent, 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 per cent. In recognition of these strong financial results, the Board has approved an interim cash dividend of Dhs0.24 per share, representing an increase of 20 per cent year-over-year. Revenues surged by 8.6 per cent year-over-year reaching Dhs3.9 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 per cent year-over-year to Dhs1.7 billion reflecting sustained growth in our customer base and the success of our targeted propositions and highly effective marketing campaigns. The optimised use of digital and retail channels also enhanced customer acquisition and engagement, further fuelling revenue momentum. Fixed revenues rose by 10.1 per cent year-over-year reaching Dhs1.1 billion mainly driven by the ongoing expansion in Home Wireless and Fibre customer base. 'Other revenues' recorded an 8.8 per cent year-over-year growth to Dhs1.1 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. 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. WAM
Gulf Business
25-07-2025
- Business
- Gulf Business
du reports 25.1% year-on-year rise in Q2 net profit
Image: Getty Images Emirates Integrated Telecommunications Company ( Revenue rose by 8.6 per cent to Dhs3.9bn, while EBITDA grew by 16.4 per cent to Dhs1.83bn, lifting the e arnings before interest, taxes, depreciation, and amortisation (EBITDA) margin to 46.8 per cent, up from 43.7 per cent a year earlier. The company attributed the performance to disciplined cost management and a more favourable product mix, including increased uptake of unlimited data plans. In light of these results, the board approved an interim cash dividend of Dhs0.24 per share, a 20 per cent increase over last year's interim payout. 'Our second quarter financial results showcased impressive performance, fuelled by the meticulous execution of our strategy,' said CEO Fahad Al Hassawi. 'The solid revenue growth was coupled with strong profitability, translating into a 25.1 per cent increase in net profit.' du sees solid subscriber growth The company reported a 10.8 per cent year-on-year increase in mobile subscribers, reaching 9.1m, including 893,000 net additions. Postpaid subscriptions rose 9.8 per cent to 1.9m, while prepaid customers grew 11.1 per cent to 7.3m. Fixed-line subscriptions rose 12 per cent year-on-year to 706,000, supported by continued demand for Home Wireless and fibre broadband services. Segment performance Mobile revenues climbed 7.7 per cent to Dhs1.7bn, reflecting growth in customer base and marketing campaigns. Fixed revenues rose 10.1 per cent to Dhs1.1bn, driven by higher adoption in consumer and SME segments. Other revenues increased by 8.8 per cent to Dhs1.1bn, supported by handset sales, ICT revenues and inbound roaming. Strategic progress During the quarter, du launched the UAE's first sovereign hyperscale cloud platform, the National Hypercloud, and advanced its The company also rolled out 5G Advanced and expanded fibre coverage. 'We are enabling sovereign hyperscale cloud and AI services from UAE-based data centres, empowering a smarter, more connected future for the Emirates,' said chairman Malek Al Malek. Capex and cash flow Capital expenditure increased by 23.1 per cent to Dhs545m, reflecting investments in digital infrastructure and data centres. Operating free cash flow rose 13.8 per cent to Dhs1.28bn. Capital intensity rose to 14 per cent from 12.3 per cent in Q2 2024. The company reaffirmed its 2025 full-year guidance, with revenue expected to grow 6 to 8 per cent and EBITDA margin targeted between 45 to 47 per cent. The guidance was upgraded based on strong results and sustained growth momentum.
