e& FY 2025 delivered record financial results, reporting consolidated revenues of AED 72.9 billion, up 23.1 per cent year-on-year. Net profit rose to AED 14.4 billion, marking a 33.6 per cent increase. Meanwhile, consolidated EBITDA grew 21.1 per cent to reach AED 32.0 billion.

Earnings per share increased to AED 1.65 compared to AED 1.24 in 2024, reflecting 33.6 per cent growth. The Group’s total subscriber base climbed to 244.7 million, up 31.3 per cent from 186.5 million in 2024. UAE subscribers reached 16.3 million, an 8.4 per cent rise from 15.0 million last year.

For FY 2025, the Board proposed a cash dividend of 47 fils per share for the second half of the year. This brings the total annual dividend to 90 fils per share. Furthermore, the Board announced that the annual dividend will increase to 95 fils per share in 2026.

In addition, e& confirmed that Group Chief Executive Officer Hatem Dowidar will step down after six years in the role. His last day will be 31 March 2026. He has led the organisation since 2020, overseeing its transformation from a regional telecom operator into a global technology group.

Under his leadership, the Group expanded across the Middle East, Africa, Asia and Europe. It strengthened its presence in digital, fintech, enterprise and digital lifestyle verticals. Consequently, the company reinforced its position among the world’s leading telecom and technology brands.

The Board appointed Masood M. Sharif Mahmood, currently CEO of e& UAE since 2021, as successor. He will assume the roles of Group CEO and CEO, UAE effective 1 April 2026.

Chairman Jassem Mohamed Bu Ataba Alzaabi said the results reflect the success of the Group’s strategy to evolve into a global technology leader anchored by strong business pillars and disciplined execution. He added that the company continues redefining connectivity and enabling enterprise solutions, fintech and digital platforms.

Dowidar described leading the company as an honour during a defining chapter. He said the record results reflect strategic strength, operational resilience and employee dedication. He also expressed confidence in the Group’s future under new leadership.

Mahmood said he is honoured to assume the role and thanked the Chairman and Board for their trust. He highlighted his commitment to building on achievements with teams, operating companies and partners worldwide.

Operationally, the Group advanced sovereign cloud and AI initiatives. It launched the UAE Sovereign Launchpad with Amazon Web Services and endorsement from the UAE Cyber Security Council, supporting national data sovereignty. It also completed the divestment of its 40 per cent stake in Khazna Data Center and partnered with Qualcomm Technologies to accelerate 5G and edge AI development.

Moreover, in collaboration with IBM, the company launched a watsonx AI governance platform to enhance compliance and ethical oversight. It also released a joint study on AI opportunities in MENA. Partnerships extended to New York University Abu Dhabi to advance 6G research and to multiple institutions supporting students of determination.

The Group expanded internationally. Carrier & Wholesale Services opened offices in Miami and Johannesburg. It partnered with 4iG Group in Hungary and the Western Balkans to explore subsea networks and hyperscale data centres linking MENA and Europe.

It also strengthened resilience by launching Business Continuity services. The company received an “S-Class” rating under the Dubai AI Seal initiative. Additionally, it won “Best Procurement Transformation” for integrating AI and advanced analytics into procurement.

Through its AI Academy, the Group expanded workforce AI capabilities. It launched the “AI Nation, Afaaq” programme with AWS to train 30,000 people. Furthermore, it introduced a Cybersecurity Startups Accelerator with AWS, CrowdStrike and the UAE Cyber Security Council to support more than 500 Emirati startups.

In the UAE, e& UAE launched the region’s first advanced 5.5G network and commenced RedCap commercial operations. Fibre-to-the-home coverage reached 99.5 per cent, spanning 16 million kilometres and connecting 2.97 million homes. The UAE ranked first globally for mobile download speeds, including 5G, according to the Ookla Speedtest Index.

The company also launched 5G network slicing for enterprises and deployed a private 5G network with Emirates Steel. It introduced AI-powered enterprise platforms and expanded collaborations with Microsoft, Intel and Oracle Cloud.

In fintech, e& money maintained its position as the UAE’s leading licensed fintech app, with issued cards surpassing 1.76 million. Wio expanded deposits and revenue. Meanwhile, STARZPLAY completed its merger with evision, while Careem Everything App nearly doubled gross transaction value and revenues.

e& enterprise advanced sovereign cloud adoption and expanded AI partnerships across the UAE, Saudi Arabia, Qatar, Egypt and Türkiye. It achieved ISO certifications for its OneCloud platform and launched sovereign AI solutions with Dell and Intel.

Internationally, e& PPF Telecom acquired Serbia Broadband. O2 Slovakia signed an agreement to acquire UPC Slovakia. PTCL completed the acquisition of Telenor Pakistan. Meanwhile, 5G services launched in Morocco, Egypt and Serbia. Mobily in Saudi Arabia invested SAR 3.4 billion in digital infrastructure.

Across markets, subsidiaries received global recognition for network performance. Investments also continued through e& capital in fintech, AI and digital asset platforms.

Overall, e& remains focused on embedding advanced technologies including AI, strengthening digital infrastructure and expanding globally. The strong financial and operational performance reported in e& FY 2025 underscores its strategy to deliver sustainable long-term value to shareholders, customers and partners.

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