e& Reports Record Growth in 2025, Expands Global Subscriber Base to 244.7m

e&  has reported record financial performance for the year ended 2025, underscoring the strength of its transformation into a global technology group. The Group posted consolidated revenues of AED 72.9 billion, representing a 23.1 per cent year-on-year increase, while consolidated net profit rose sharply by 33.6 per cent to AED 14.4 billion. Consolidated EBITDA also grew by 21.1 per cent to AED 32.0 billion, reflecting strong operational execution across its diversified business portfolio.

Subscriber growth remained a key driver of performance. e& UAE’s subscriber base surpassed 16.3 million, up 8.4 per cent year-on-year, while the Group’s total global subscriber base expanded to 244.7 million, marking a significant 31.3 per cent increase compared to 2024. Earnings per share climbed to AED 1.65, up from AED 1.24 in the previous year, highlighting improved profitability and shareholder returns.

Reflecting this strong financial momentum, the Board of Directors proposed a cash dividend of 47 fils per share for the second half of 2025, bringing the total annual dividend to 90 fils per share. The Board also announced plans to increase the total annual dividend to 95 fils per share in 2026, reinforcing the Group’s commitment to delivering sustained value to shareholders.

Alongside the financial results, e& announced a major leadership transition. Group Chief Executive Officer Hatem Dowidar will step down from his role after six years at the helm, with his final day set for 31 March 2026. Under his leadership since 2020, e& evolved from a regional telecom operator into a global technology group with expanded footprints across the Middle East, Africa, Asia, and Europe, while accelerating growth in digital, fintech, enterprise, and lifestyle verticals.

The Board has appointed Masood M. Sharif Mahmood, currently CEO of e& UAE, as the new Group Chief Executive Officer, effective 1 April 2026. He will assume the dual role of Group CEO and CEO – UAE. The Chairman of e&, H.E. Jassem Mohamed Bu Ataba Alzaabi, praised Dowidar’s transformational leadership and highlighted that the record 2025 results reflect the success of the Group’s long-term strategy and disciplined execution.

Operationally, 2025 was marked by major milestones across e&’s business units. The Group advanced sovereign digital infrastructure through initiatives such as the UAE Sovereign Cloud Launchpad with Amazon Web Services, AI governance platforms with IBM, and academic partnerships focused on 6G research. e& also expanded its global presence with new offices in Miami and Johannesburg, strengthened AI capabilities through its AI Academy, and launched national-scale skilling programmes in collaboration with global technology partners.

e& UAE delivered industry-leading network achievements, including the region’s first advanced 5.5G network, record fibre-to-the-home coverage of 99.5 per cent, enterprise-grade 5G network slicing, and pioneering work in 6G trials. The company also deepened partnerships across cloud, AI, fintech, space technology, and digital payments, while enhancing customer experience through new products, platforms, and recognised service excellence.

Across its other verticals, e& life accelerated growth in fintech, digital banking, entertainment, and lifestyle platforms, while e& enterprise strengthened its role as a regional digital transformation partner through sovereign cloud, AI, cybersecurity, and enterprise software initiatives. Internationally, the Group completed strategic acquisitions, expanded 5G services into new markets, and delivered strong brand and network performance across Europe, the Middle East, Africa, and Asia.

Looking ahead, e& reaffirmed its focus on executing strategic priorities, embedding advanced technologies such as artificial intelligence across operations, and delivering sustainable, long-term value for shareholders, customers, partners, and the communities it serves.