Latest news with #FahadAlHassawi
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.
Al Bawaba
25-07-2025
- Business
- Al Bawaba
du reports a stellar net profit expansion in Q2 2025 with a 25.1% year-over-year growth
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 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:• Start of deployment of the hyperscale datacentre in partnership with Microsoft• Launch of the National Hypercloud platformMalek 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 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.
Broadcast Pro
11-07-2025
- Business
- Broadcast Pro
Du renews partnership with Huawei
The partnership aims to upskill du employees with a focus on Emiratisation and talent development in critical technologies such as AI, Data Analytics, 5G and Cloud. Du, the telecom and digital services provider, has renewed its strategic partnership with Huawei to enhance Emiratisation by empowering UAE talent with advanced technological skills. Together, the two industry leaders aim to foster innovation and readiness in the digital and telecommunications space, building toward a sustainable future. Building on a partnership grounded in ICT technologies and network development, du and Huawei will focus on equipping du employees, including emerging leaders, with critical competencies in cutting-edge technologies. Training and workshops will target future-forward areas such as AI, data analytics, 5G and cloud solutions, ensuring alignment with dus digital transformation goals. Commenting on the deal, Fahad Al Hassawi, Chief Executive Officer at du, said: 'Huawei and du share a commitment to supporting the UAEs national Emiratisation strategy, and we are proud to build on this long-standing relationship. Through this renewed partnership, we will nurture a competitive and future-ready talent pipeline empowered by world-class digital skills while continuously driving technological excellence within our company and across the region.' As part of this renewed collaboration, du and Huawei will implement activities under the scope of the Joint Annual Training Plan (ATP), including Specialist Programmes, Executive Leadership Programmes, and emerging ICT knowledge-sharing webinars. Programmes like these will be instrumental in enhancing skills across all employee levels, fostering innovation and creating agile responses to increasingly complex challenges. David Tao, Chief Executive Officer at Huawei UAE, added: 'We are honoured to work closely with du to promote Emiratisation and help shape the future of digital innovation in the UAE. Through tailored training programmes and skills development workshops, our partnership will empower du employees to master cutting-edge technologies in Artificial Intelligence (AI), Data Analytics, and beyond, contributing to the UAEs advanced-tech ecosystem. Since 2021, key initiatives such as the Huawei Internship Development Programme have provided graduate trainees with foundational knowledge in transformative technologies like 5G and Cloud. In line with the strategic ICT Talent Development Programmes initiated in 2022, the renewed partnership reflects a shared vision to attract, retain, and grow UAE talentall essential components of dus Emiratisation goals, digital transformation efforts, and overall growth trajectory.
TECHx
09-07-2025
- Business
- TECHx
du and Huawei Renew Partnership to Boost Emiratisation
Home » Tech Value Chain » Global Brands » du and Huawei Renew Partnership to Boost Emiratisation du, the telecom and digital services provider in the UAE, has announced the renewal of its strategic partnership with Huawei. The renewed collaboration aims to strengthen Emiratisation by equipping UAE talent with advanced digital and technological skills. The two companies revealed their shared goal of fostering innovation and building a future-ready workforce in the UAE's digital and telecom sectors. This partnership continues a long-standing relationship focused on ICT technologies and network development. As part of the agreement, du and Huawei will roll out joint initiatives under the Annual Training Plan (ATP). These include: Specialist and Executive Leadership Programs Emerging ICT knowledge-sharing webinars Training programs will target key technology areas such as artificial intelligence (AI), data analytics, 5G, and cloud solutions. These efforts align with du's broader digital transformation strategy and support the UAE's national vision for talent development. Fahad Al Hassawi, CEO of du, stated that the partnership reflects a commitment to advancing the Emiratisation strategy. He emphasized the importance of building a skilled, competitive, and innovation-driven workforce. David Tao, CEO of Huawei UAE, reported that the company is honored to support the UAE's digital goals. He highlighted Huawei's dedication to providing tailored training programs that empower du employees with expertise in cutting-edge technologies. Since 2021, the Huawei Internship Development Program has introduced trainees to technologies like 5G and cloud. In 2022, the ICT Talent Development Programs further expanded efforts to attract and grow UAE talent. Looking ahead, du and Huawei reaffirmed their commitment to driving innovation and shaping the telecom services of the future. Both companies will continue contributing to the UAE's position as a global digital hub.
Mid East Info
09-07-2025
- Business
- Mid East Info
du and Huawei renew partnership to accelerate Emiratisation and digital talent development in UAE - Middle East Business News and Information
Dubai, UAE, July, 2025: du, the leading telecom and digital services provider, has renewed its strategic partnership with Huawei to enhance Emiratisation by empowering UAE talent with advanced technological skills. Together, the two industry leaders aim to foster innovation and readiness in the digital and telecommunications space, building toward a sustainable future and further solidifying du's position as a leading telecom and digital service provider. Building on a historical partnership grounded in ICT technologies and network development, du and Huawei will focus on equipping du employees, including emerging leaders, with critical competencies in cutting-edge technologies. Training and workshops will target future-forward areas such as AI, data analytics, 5G, and cloud solutions, ensuring alignment with du's digital transformation goals. Fahad Al Hassawi, Chief Executive Officer at du said: 'Huawei and du share a commitment to supporting the UAE's national Emiratisation strategy, and we are proud to build on this long-standing relationship. Through this renewed partnership, we will nurture a competitive and future-ready talent pipeline empowered by world-class digital skills while continuously driving technological excellence within our company and across the region.' As part of this renewed collaboration, du and Huawei will implement activities under the scope of the Joint Annual Training Plan (ATP), including Specialist Programs, Executive Leadership Programs, and emerging ICT knowledge-sharing webinars. Programs like these will be instrumental in enhancing skills across all employee levels, fostering innovation and creating agile responses to increasingly complex challenges. David Tao, Chief Executive Officer at Huawei UAE said: 'We are honoured to work closely with du to promote Emiratisation and help shape the future of digital innovation in the UAE. Through tailored training programs and skills development workshops, our partnership will empower du employees to master cutting-edge technologies in Artificial Intelligence (AI), Data Analytics, and beyond, contributing to the UAE's advanced-tech ecosystem.' Since 2021, key initiatives such as the Huawei Internship Development Program have provided graduate trainees with foundational knowledge in transformative technologies like 5G and Cloud. In line with the strategic ICT Talent Development Programs initiated in 2022, the renewed partnership reflects a shared vision to attract, retain, and grow UAE talent—all essential components of du's Emiratisation goals, digital transformation efforts, and overall growth trajectory. Looking ahead, du and Huawei reaffirm their commitment to cultivating technological expertise necessary for shaping the telecom services of the future—while advancing the UAE's vision of becoming a globally competitive hub for innovation. 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 fiber 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.
