du’s Digital Expansion, AI and Data Centres Drive Strong 2025 Performance
The company’s 2025 performance was shaped by key strategic milestones, including scaling up du Pay and expanding cloud, AI, and data centre capabilities.
Emirates Integrated Telecommunications Company PJSC (du) has announced strong financial results for the fourth quarter and full year ended 31 December 2025, underpinned by disciplined strategy execution and operational excellence. The telecom operator delivered balanced revenue growth and tight cost management, translating into robust top- and bottom-line performance. Full-year revenues rose 8.7%, exceeding guidance, while EBITDA margin reached 46.1%, slightly above the midpoint of the company’s outlook, expanding by 1.9 percentage points as EBITDA grew 13.4%. Net profit surged 16.8% to a record AED 2.9 billion. Supported by solid cash generation and a strong balance sheet, the Board recommended a final dividend of 40 fils per share for the second half of 2025, bringing the total dividend for the year to 64 fils per share — the highest in the company’s history.
The company’s 2025 performance was shaped by key strategic milestones, including scaling up du Pay and expanding cloud, AI, and data centre capabilities. du also strengthened its capital markets profile and liquidity through a successful secondary public offering. Revenue climbed to AED 15.9 billion, while disciplined operations drove EBITDA to AED 7.3 billion. Capital intensity stood at 14.3%, reflecting investment in the data centre business as part of long-term diversification. Operating free cash flow rose 14.4% to AED 5.1 billion.
“2025 was a year of sustained momentum and strong execution for du, building on the solid foundations established over recent years and reflecting the UAE’s accelerating digital transformation. We progressed our strategy through measurable achievements, advancing network leadership, expanding international connectivity, sovereign cloud and data centre infrastructure, and scaling AI and digital financial services. In 2025 our disciplined strategy execution translated into strong financial performance, with robust revenue growth, EBITDA margin expansion and improved cash generation. This performance underscores the effectiveness of our execution and supports continued investment alongside enhanced shareholder returns. On the back of these strong results, the Board has proposed a total dividend of 64 fils per share for 2025, reflecting our confidence in the strength and sustainability of our business. The successful secondary public offering further strengthened du’s capital markets profile, increasing free float and liquidity and reflecting investor confidence in our strategy, governance and long-term profitable growth outlook. Our outlook remains positive as we continue to advance our transformation, expand digital infrastructure and capabilities, and deliver sustainable long-term value while supporting the UAE’s digitally empowered future.”
– Malek Sultan Al Malek, Chairman, du
“In 2025, we translated strategic focus into strong operational and financial results in 2025. Our full-year revenues grew to AED 15.9 billion exceeding our guidance range, while EBITDA increased to AED 7.3 billion with margins increasing to 46.1% marking a fourth consecutive year of expansion. This performance reflects the disciplined execution in our core connectivity business alongside accelerating contributions from digital adjacencies in line with our strategy to diversify our revenue base. Our continued financial discipline and balance sheet strength enabled sustained investment in network evolution, cloud, AI and data centre capabilities. Our balanced approach, delivering excellent performance while investing in the future, reinforces du’s ability to generate sustainable growth, deepen customer relevance, and support the UAE’s rapidly advancing digital economy. Importantly, these investments have translated into tangible improvements in service quality, network reliability and customer experience, reinforcing trust and deepening engagement across consumer, enterprise and government customer segments. Looking ahead, our priorities are clear: to scale the platforms we have built, deepen monetisation across connectivity and digital infrastructure, and accelerate growth in AI-enabled services, data centres and cloud solutions, while maintaining financial discipline and continuing to deliver sustainable value for our shareholders.”
– Fahad Al Hassawi, CEO, du
On the customer front, du’s mobile subscriber base grew 8.8% year-on-year in Q4 to 9.7 million, supported by gains in both postpaid and prepaid segments. Postpaid customers increased 9.9% to 2.0 million, driven by premium consumer offerings, enterprise momentum, and strong device demand, while prepaid users grew 8.6% to 7.7 million, supported by tailored value plans, expanded retail coverage, and tourist activity. The fixed customer base also expanded 7.8% year-on-year to 735,000 subscribers, reflecting growth in Home Wireless and fibre broadband services.
Financially, Q4 revenues rose 10.6% year-on-year to AED 4.3 billion. Mobile service revenues increased 8.6% in Q4 to AED 1.8 billion, while fixed service revenues grew 8.6% to AED 1.1 billion. “Other revenues” climbed 15.5% to AED 1.3 billion, driven by ICT growth, data centre services, wholesale revenues, and stronger handset sales. Q4 EBITDA increased 16.3% to AED 1.8 billion, while net profit jumped 23.8% to AED 724 million. Capital expenditure for the year reached AED 2.3 billion as du ramped up data centre investments.
The Board’s proposed total dividend of 64 fils per share for 2025 represents an 18.5% year-on-year increase and a payout ratio of 99.9%, underscoring confidence in the company’s cash generation, balance sheet strength, and long-term growth outlook.
