Financial Highlights

Financial Highlights for Q3 2025

Aggregate subscriber base reached 202.2 million, increasing 14.0% year over year.
Revenue increased by 29.2% year over year to AED 18.6 billion driven by sustained strong growth across all verticals. On a like for like basis, excluding e& PPF Telecom, e& reported a double-digit growth year over year of 10.8%.
EBITDA increased by 29.2% year over year to AED 8.4bn, reporting a resilient margin of 45.0%. The strong revenue growth carried through to EBITDA with telecom verticals performing robustly in both domestic and int'l markets yielding a premium margin of 49.1%.
Net profit after federal royalty and corporate tax increased by 0.8% year over year to AED 3.0 billion with a margin of 16.0%.
CAPEX, excluding spectrum and licenses fees, reached AED 3.0 billion with an intensity ratio of 16.3%.
Operating free cashflow, excluding spectrum and licenses fees, increased by 14.5% year over year to AED 5.3 billion on higher profitability, reporting a margin of 28.7%.
Consolidated cash balance amounted AED 31.5 billion, leading to a net debt position of AED 34.1 billion, lower by AED 1.4 billion vs. December 24, and equivalent Net Debt /EBITDA of 1.11x.

Key Developments in Q3 2025

e& enterprise and Serbia’s Office for IT and eGovernment sign landmark deal to strengthen regional digital infrastructure
The agreement sets a framework for cooperation on advanced digital infrastructure projects, including plans to expand Serbia’s data center capacity and strengthen the country’s position as a regional hub for sovereign cloud and digital services.
e& UAE launches world’s first 200G Passive Optical Network prototype
This achievement positions the company at the cutting edge of next-generation connectivity. It signifies a considerable advancement in fixed network technology, underscoring e& UAE’s dedication to providing ultra-fast, future-proof connectivity for homes, enterprises, and smart city ecosystems.
Ericsson and e& sign MoU to drive digital transformation with private 5G networks
The memorandum of understanding (MoU) aims to accelerate monetization of 5G and enable enterprises in the UAE to benefit from scalable, high-performing private 5G networks. The collaboration will leverage the Ericsson Private 5G (EP5G) solution to drive digital transformation and offer new opportunities for enterprise connectivity.
MOHRE and e& money partner to facilitate wage payments for domestic workers
The Ministry of Human Resources and Emiratisation (MOHRE) and e& money signed a Memorandum of Understanding (MoU) to provide wage protection services via the e& money platform. This enables individuals to manage salary payments for domestic workers in line with applicable legislation and regulatory frameworks.
e& and Dubai Healthcare City Authority join forces to power hospitals and clinics
e& signed a partnership with Dubai Healthcare City Authority (DHCA), the governing body of Dubai Healthcare City (DHCC) free zone, establishing a shared commitment to elevate the delivery of healthcare through advanced telecommunications and digital health solutions.