E& Achieves AED 16.9 Billion Consolidated Revenue With 18.7% Year-on-Year Growth In Q1 2025

e& has made a robust start to 2025, maintaining its growth and leadership in digital technology. The group reported impressive results across key financial metrics, showcasing the effectiveness of its strategy as a global tech entity. Consolidated revenue rose to AED 16.9 billion, marking an 18.7% increase year-on-year (YoY), while net profit surged by 129.9% to AED 5.4 billion compared to the previous year.

The Group's EBITDA reached AED 7.4 billion, reflecting a 15.4% YoY growth, according to their recent statement. The total subscriber base expanded to 194.8 million, up by 12.9% YoY, with e& UAE subscribers numbering 15.3 million. This growth highlights the ongoing demand for e&'s advanced connectivity solutions and digital innovations.

Hatem Dowidar, Group CEO of e&, stated: "Q1 2025 marks another milestone in e&’s journey, with a strong performance across all fronts. Our consolidated revenue reached AED 16.9 billion while EBITDA amounted to AED 7.4 billion, growing year over year by 18.7% and 15.4%, respectively and benefiting from disciplined execution, dedicated customer focus and guided by our vision of being a global technology company."

Dowidar further explained that e&'s unique ability to innovate and scale sets it apart in the competitive global market. By integrating AI into operations and deploying advanced 5G networks, the company is expanding across three continents through investments like the e& PPF Telecom deal at the end of 2024.

The successful monetisation of their stake in Khazna at a high valuation towards March's end capped off a strong first quarter for e&. These achievements are not just aspirations but tangible evidence of translating ambition into measurable success through solid financial performance.

Dowidar emphasised that e& is not only growing but also actively shaping the digital future with purpose and global ambition: "We are not only growing — we are shaping the digital future with intent, impact, and global ambition."

The company's strategic focus includes retaining network leadership, expanding into promising markets, and optimising asset profiles to ensure sustainable shareholder value creation.

e&'s commitment to building a comprehensive digital ecosystem aims to empower individuals, businesses, and governments alike.

With inputs from WAM