70 Days
Source:
الاقتصادية
E&'s Half-Year Revenues Reach 38B Dirhams
E& Group announced its financial results for the first half of 2026, recording consolidated revenues of AED 38.1 billion, an increase of 11.6% compared to the same period in 2025. Net profits amounted to AED 6 billion, up by 2.4%. Additionally, EBITDA profits rose to AED 17.7 billion, a growth rate of 13.1%, with an EBITDA margin of 46.5%. The subscriber base increased by 30.4%, reaching 251.5 million, with a notable growth of 6.4% among "E& Emirate" subscribers. In its international strategy, the group sold its stake in Vodafone for AED 21.9 billion and divested 12.5% of its stake in Careem Technologies for AED 367 million. During the second quarter, revenues increased to AED 19.2 billion, with EBITDA profits growing by 9.8%, while net profits remained stable at AED 3.1 billion. The company also announced a cash dividend of 47.5 fils per share for the first half, representing a 10.5% increase.
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