e& reports 60.7% increase in consolidated net profit, reaching AED8.8 billion in H1 2025

The technology investment group e& today announced its consolidated financial results for the first half (H1) of 2025, showcasing strong growth momentum and significant strategic achievements across its core business verticals. The robust financial performance further reinforces the Group’s standing as a global technology leader, continuing its mission to drive digital transformation on a broad regional and international scale.

Strong Financial and Operational Performance

During H1 2025, consolidated revenue rose to AED34.9 billion, marking a 23.3% year-over-year (YoY) increase compared to H1 2024. Meanwhile, consolidated net profit jumped to AED8.8 billion, reflecting a remarkable 60.7% surge from the previous year—a testament to the Group’s operational efficiency, successful investments, and ability to adapt to changing market demands.

The Group’s EBITDA reached AED15.4 billion, an 18.8% YoY increase, with an EBITDA margin of 44.1%, highlighting strong profitability despite global economic headwinds.

e& also reported a 13.1% YoY increase in its global subscriber base, which reached 198 million. In the UAE alone, the Group serves 15.5 million subscribers, a growth driven by increasing demand for AI-powered services, next-generation connectivity, and personalized digital experiences tailored to both consumers and enterprise clients.

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Leadership Perspective and Strategic Milestones

Jassem Mohamed Bu Ataba Alzaabi, Chairman of e&, commented:

“In the first half of 2025, e& continued to strengthen its leadership position, backed by its resilient business model and forward-looking investment strategy. Our exceptional results underscore our commitment to long-term value creation and validate the strategic direction set by the Board.”

He added:

“We launched the UAE Sovereign Cloud Launchpad in partnership with AWS and the UAE Cybersecurity Council—a landmark initiative that aligns with national goals related to digital sovereignty, secure AI, and cloud innovation. This project is set to deliver long-lasting value to the UAE’s digital economy.”

“With the guidance of the UAE’s visionary leadership, we remain focused on enabling a knowledge-driven economy built on responsibility, innovation, and inclusivity.”

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CEO Insights and Operational Highlights

Hatem Dowidar, Group CEO of e&, stated:

“e& delivered a robust first half performance, reflecting our ability to innovate, scale, and diversify. We sustained momentum across all verticals while accelerating our digital transformation journey.”

He added:

“A number of strategic achievements marked H1 2025, including the divestment of Khazna and partial exit from Airalo, which enhanced our financial flexibility. We also made strong strides in sovereign AI development, with e& becoming one of the first companies to achieve the ‘Tier S’ designation under the Dubai AI Seal—a significant recognition of our leadership in ethical and secure AI.”

Other notable highlights include:

• Acquisition of Serbia Broadband, strengthening e&’s international portfolio.
• Strategic collaboration with Qualcomm, aimed at accelerating 5G evolution and edge AI integration in key sectors.
• Continued investment in future-forward technologies and platforms that support sustainable digital growth.

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Global Recognition

In a testament to its dynamic growth and global outlook, e& was named the world’s Fastest Growing Brand by Brand Finance, solidifying its reputation as an innovation-driven and customer-centric enterprise. This global recognition reflects e&’s ambitious expansion, commitment to responsible tech leadership, and relentless pursuit of excellence across markets.

Quoted from WAM agency with modification.