The group's performance was underpinned by a 13.1% rise in EBITDA, which reached AED 17.7 billion, maintaining a robust profit margin of 46.5%. Consolidated net profit hit AED 6.0 billion, reflecting a 2.4% growth when adjusted for specific one-time gains from the prior year. This expansion coincided with a significant surge in the group’s total subscriber base, which grew by 30.4% to reach 251.5 million users globally, while the UAE market saw a 6.4% increase to 16.5 million subscribers.
In section Releases
e& Reports Revenue Surge to AED 38.1 Billion Amid Strategic Portfolio Shift
e& recorded AED 38.1 billion in consolidated revenue for the first half of 2026, an 11.6% increase year-on-year. The Abu Dhabi-based group bolstered its financial position through a strategic portfolio reset, including the high-profile divestment of its stake in Vodafone and a partial sale of its interest in Careem Technologies.
Management highlighted that the recent divestments are central to their long-term capital strategy. The exit from Vodafone generated AED 21.9 billion in gross cash proceeds, yielding a net cash return of AED 4.8 billion. Simultaneously, the company offloaded 12.5% of its stake in Careem Technologies to Uber for AED 367 million. Chairman Jassem Mohamed Bu Ataba Alzaabi stated that these moves are designed to sharpen the focus on core business sectors and accelerate AI-driven digital innovation. Investors are set to receive an interim dividend of 47.5 fils, representing a 10.5% increase compared to the previous year.
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