14.4 billion dirhams in net profits for “E&” during 2025

Yesterday, the E& Group announced its consolidated financial results for the year ending December 31, 2025, as it continued the pace of growth and achieved strategic progress across all pillars of its business. Consolidated revenues rose to 72.9 billion dirhams, achieving an annual growth of 23.1%, compared to 2024. Consolidated net profits also increased in 2025 to reach 14.4 billion dirhams, an increase of 33.6% compared to the previous year, and earnings before interest, tax, depreciation and amortization in 2025 amounted to about 32 billion dirhams, an annual increase of 21.1%.

In terms of subscribers, the group’s subscriber base has grown globally to reach 244.7 million subscribers, which represents an annual increase of 31.3%. In the UAE, the number of E&Emirates subscribers reached 16.3 million, which represents an annual increase of 8.4%, driven by the increasing demand for advanced communication solutions, services supported by artificial intelligence, and digital experiences designed to meet the evolving needs of all of the company’s individual and corporate customers.

The Board of Directors proposed distributing cash dividends of 47 fils per share for the second half of 2025 (from July to December), bringing the total annual dividends to 90 fils per share. The Board of Directors also announced that the total dividends per share will reach 95 fils during 2026, which confirms E&’s continued commitment to providing added value to its shareholders.

In addition, “E&” announced that the group’s CEO, Hatem Dowidar, decided to step down from his position after six years in this position, and the Board of Directors accepted his resignation, so that his last day of service will be March 31, 2026.

Hatem Dowidar has led the E& Group since 2020, and managed its global transformation and expansion strategy.

The Board of Directors also decided to appoint Masoud Sharif Mahmoud as CEO of the “E&” Group, starting next April 1, in addition to his current position as CEO of “E&Emirates”, which he has held since 2021.

Commenting on the results, Jassim Mohammed Buataba Al Zaabi, Chairman of the Board of Directors of E&, said: “The accelerated growth in the group’s revenues and its record financial results for the year 2025 confirm the success of its strategy towards transforming into a leading global technology group, based on solid business foundations, as the group is shaping a new future in the sectors of communications and technology, and various institutional, financial and entertainment solutions.” For his part, Hatem Dowidar said: “I am proud to lead (E&) during its strategic transformation phase, and I am proud of what we have accomplished together, especially in developing business models and global expansions, in addition to developing new growth engines for the future, as the record financial results achieved in 2025 reflect the strength of our strategy, the flexibility of our operating model, and the dedication of our employees.”