e& delivers record revenue and net profit in FY 2025 growing consolidated revenue 23% to AED 72.9 billion

Abu Dhabi, 24 February 2026 — e& delivered record financial results for FY 2025, reporting consolidated revenue of AED 72.9 billion, a 23.1% year‑over‑year increase, and consolidated net profit of AED 14.4 billion, up 33.6% YoY. Consolidated EBITDA rose 21.1% to AED 32.0 billion, earnings per share reached AED 1.65, and the group’s total subscriber base expanded to 244.7 million, a 31.3% increase from 2024. The board proposed a cash dividend of 47 fils per share for H2 2025—bringing the full‑year dividend to 90 fils per share—and announced the total annual dividend will increase to 95 fils in 2026.

"e’s record 2025 results reflect the continued success of our strategy to evolve into a global technology group anchored by strong business pillars and disciplined execution," said H.E. Jassem Mohamed Bu Ataba Alzaabi, Chairman of e&. "We are redefining the future of connectivity and enabling new possibilities across enterprise solutions, fintech and digital platforms."

Context and operational highlights

The results were driven by progress across e&’s business verticals and continued international expansion. e& UAE’s subscriber base surpassed 16.3 million, an 8.4% rise versus the prior year. The FY 2025 financial table published by the group showed revenue at AED 72.9 billion (2024: AED 59.2 billion), net profit AED 14.4 billion (2024: AED 10.8 billion), EBITDA AED 32.0 billion (2024: AED 26.5 billion) and earnings per share AED 1.65 (2024: AED 1.24).

• Strategic and commercial moves: e& completed the divestment of its 40% stake in Khazna Data Center and expanded Carrier & Wholesale Services with new offices in Miami and Johannesburg.
• Technology and partnerships: the group launched the UAE’s Sovereign Launchpad developed with Amazon Web Services and endorsed by the UAE Cyber Security Council, partnered with Qualcomm Technologies on advanced 5G and edge AI solutions, and collaborated with IBM on a watsonx AI governance platform.
• Research and inclusion initiatives: e& partnered with New York University Abu Dhabi to advance 6G research and development, and with The Butterfly Foundation, the University of Wollongong and Zayed University to launch a programme supporting students and recent graduates of determination.
• Recognition and services: e& received an "S‑Class" rating under the Dubai AI Seal and won "Best Procurement Transformation"; it also launched a Business Continuity service as part of resilience efforts.

Leadership change accompanied the financial announcement. Hatem Dowidar, who has been Group CEO since 2020, informed the board he will step down with his last day on 31 March 2026. "It has been an honour to lead e& during a defining chapter in its history," Dowidar said, reflecting on the transformation and international expansion achieved during his tenure.

The board has appointed Masood M. Sharif Mahmood, currently Chief Executive Officer of e& UAE since 2021, to assume the roles of Group Chief Executive Officer of e& and Chief Executive Officer — UAE, effective 1 April 2026. "I am deeply honoured to take on the role of Group Chief Executive Officer of e& and grateful for the opportunity to lead this ambitious global company," Masood said, adding his thanks to Eng Hatem Dowidar and the board.

Outlook

e& said it will continue to execute strategic priorities including embedding advanced technologies such as AI across operations, delivering sustainable shareholder value and expanding digital, fintech, enterprise and digital lifestyle verticals. The company highlighted further emphasis on national data sovereignty, AI governance and international carrier reach as it seeks to build on FY 2025’s record performance.