e& Accelerates Growth Momentum as Revenue Climbs 15% and Subscribers Hit 248 Million
The Group recorded consolidated revenue of AED 19.4 billion, representing a 15.1 per cent year-on-year increase, while net profit reached AED 2.9 billion, up 3.9 per cent excluding gains from the sale of Khazna. EBITDA also rose significantly by 16.5 per cent year-on-year to AED 8.6 billion.
e& has reported a strong start to 2026, posting solid first-quarter financial results that reinforce its position as a leading global digital player. The Group recorded consolidated revenue of AED 19.4 billion, representing a 15.1 per cent year-on-year increase, while net profit reached AED 2.9 billion, up 3.9 per cent excluding gains from the sale of Khazna. EBITDA also rose significantly by 16.5 per cent year-on-year to AED 8.6 billion.
The company’s subscriber base continued to grow, rising by 30.8 per cent year-on-year to reach 248 million subscribers globally. In its home market, e& UAE maintained strong performance, with its subscriber base increasing to 16.6 million, supported by growing adoption of next-generation connectivity and artificial intelligence-driven services.
“Despite economic and regional changes, our agile business model has proven e&’s inherent strength and great ability to navigate challenges. Our proactive risk-preparedness approach and international diversification have enabled us to maintain our growth momentum in our home market and internationally; a testament to e&’s agility and resilience in operating under adverse circumstances. Today, we stand firmly on a solid foundation with a strong track record that gives us full confidence in e&’s ability to continue its upward trajectory. Throughout recent regional challenges, e& remained steadfast in fulfilling its national role by enabling business continuity, ensuring network resilience, supporting remote work and education systems, and harnessing our technological capabilities to guarantee seamless connectivity and uninterrupted digital services for all and under different circumstances. Our strong financial performance in the first quarter of 2026 reflects the success and resilience of our operations, underpinned by our commitment to creating sustainable shareholder value. We continued to deliver growth, with consolidated revenues of AED 19.4 billion and EBITDA of AED 8.6 billion, marking year-on-year increases of 15.1% and 16.5% respectively. This performance reinforces our position as a driving force in the region’s digital economy and a leading enabler of future-defining intelligent solutions. We remain deeply inspired by the UAE’s visionary leadership, which has fostered a stable, growth-oriented environment while remaining agile and resilient in even the most challenging circumstances, enabling us to thrive and strive for more with confidence to keep delivering continuous success.”
– Masood M. Sharif Mahmood, Group Chief Executive Officer, e&
