834 million dirhams in profits "Du" In the first quarter
Dubai, April 22 / WAM / The net profits of Emirates Integrated Telecommunications Company “du” during the first quarter of the current year increased by 15.5% to 834 million dirhams.
Revenues grew by 6.9% year-on-year to reach 4.1 billion dirhams.
EBITDA increased by 11.7% to reach 2 billion dirhams, and the EBITDA margin expanded by 2.1 percentage points to reach 49.5%.
The company continued to achieve strong cash flows, as free cash flow from operations increased by 14.2% to 1.7 billion dirhams.
The company succeeded in refinancing and arranging revolving credit facilities worth two billion dirhams in April, with improved terms and a maturity period extending to seven years, which enhances its financial flexibility and the strength of its credit position.
Fahd Al-Hassawi, CEO of Emirates Integrated Telecommunications Company, said that Du began the year 2026 with strong commercial momentum and solid foundations for its operational operations across its various business sectors, including mobile and fixed services and information and communications technology solutions.
The mobile phone subscriber base grew by 6.1% year-on-year during the first quarter to reach 9.7 million subscribers.
The net new subscribers to mobile services during the past twelve months amounted to 555 thousand subscribers.
The segment of postpaid subscribers increased by 9.6% on an annual basis to reach 2 million subscribers, while the prepaid subscriber base grew by 5.2% on an annual basis to 7.7 million subscribers.
The fixed telephone service base continued its performance during the first quarter, increasing by 6.3% year-on-year to reach 745 thousand subscribers.
Mobile phone services revenues during the first quarter increased by 7.2% year-on-year to reach 1.8 billion dirhams, while fixed-line phone services revenues during the first quarter increased by 11.1% to 1.2 billion dirhams.
“Other revenues” increased by 2.3% during the first quarter, reaching 1.2 billion dirhams.
Capital spending during the first quarter amounted to 386 million dirhams.
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