du Reports 7.9% Revenue Growth in Q3 2025, Driven by Strong Mobile and Fixed Performance
A key milestone in the quarter was the successful completion of a secondary public offering (SPO) of 7.55% of du’s share capital — previously owned by Mubadala — which increased the company’s free float to 27.7%.
Emirates Integrated Telecommunications Company PJSC (du) has reported strong financial results for the third quarter of 2025, highlighting continued growth momentum across its business segments. Revenues rose 7.9% year-over-year to AED 3.87 billion, driven by solid performance in both mobile and fixed services, while EBITDA reached AED 1.85 billion, translating to a robust 47.8% margin.
The company’s disciplined execution and operational efficiency contributed to a normalized EBITDA margin expansion of 3.7 percentage points and a 25.8% year-on-year increase in normalized net profit, reaching AED 732 million. du also reaffirmed its 2025 full-year guidance, expecting revenue growth between 6–8% and maintaining an EBITDA margin of 45–47%.
A key milestone in the quarter was the successful completion of a secondary public offering (SPO) of 7.55% of du’s share capital — previously owned by Mubadala — which increased the company’s free float to 27.7%. The move enhances liquidity, diversifies the investor base, and strengthens du’s capital market profile, potentially paving the way for index inclusion.
Operationally, du reported 10.3% growth in mobile subscribers, reaching 9.2 million customers, supported by strong prepaid and postpaid performance, including the iPhone 17 launch and enterprise segment growth. The fixed customer base also expanded by 9.7% year-over-year to 718,000 subscribers, reflecting sustained demand for fibre and home wireless broadband.
Segment performance remained strong, with mobile revenues up 8.4%, fixed revenues up 8.9%, and ICT-related “other revenues” increasing by 5.9%. du’s ongoing cost optimization measures — including lower outsourcing and marketing costs and improved collections — contributed to profitability.
Capital expenditure (Capex) for the quarter stood at AED 492 million, reflecting a 12.7% capital intensity, while operating free cash flow rose by 11% to AED 1.36 billion, underlining the company’s strong cash generation and capacity to invest in high-growth areas.
CEO Fahad Al Hassawi attributed the results to consistent execution and focus on long-term value creation, emphasizing du’s leadership in sovereign AI and ICT innovation through initiatives such as the AI Park ecosystem and the AI supercluster. He noted that du is advancing its strategy to reinforce its core connectivity business while scaling high-potential digital segments to sustain growth and shareholder value.
