"E&" Achieves consolidated revenues of 19.4 billion dirhams in the first quarter of 2026

2026/04/28 8:03:12 PM

2 minutes read

Abu Dhabi, April 28 / WAM / The E& Group achieved a strong start in its financial results for the first quarter of 2026, confirming the group’s leadership in shaping the future digital landscape and imposing its position as a leading global group.

The group’s consolidated revenues rose to 19.4 billion dirhams, a growth of 15.1% on an annual basis, while the consolidated net profits reached 2.9 billion dirhams, an increase of 3.9% compared to the same period last year (excluding proceeds from the sale of Khazna Company), and earnings before interest, tax, depreciation and amortization reached 8.6 billion dirhams, an annual growth of 16.5%.

The group’s subscriber base continued to expand, with the total number of subscribers reaching 248.0 million subscribers, an increase of 30.8% year-on-year. In its local market, E&Emirates maintained its strong performance by increasing the number of subscribers to 16.6 million subscribers, supported by the adoption of next-generation communications solutions and artificial intelligence applications, which have become an essential part of the customer experience.

Masoud M. said: Sherif Mahmoud, CEO of E& Group: “E& has proven that it possesses strong capabilities and a high ability to deal with various challenges through the flexibility of its business model. Despite the economic and regional changes that the world is witnessing, our proactive preparation for risks, as well as the diversification of our investment portfolio internationally, has enabled us to maintain an upward pace of growth in our various operating markets locally and internationally, stressing that our strength It stems from our ability to adapt and work flexibly in different circumstances.

He added: “Today we stand on a solid foundation of achievements that inspire full confidence in E&’s ability to continue its upward path, through an operational strategy that keeps pace with changes. During the regional challenges, E& has been keen to perform its national duty by enabling business continuity, ensuring the efficient operation of networks without interruption, supporting work and distance education systems, and harnessing all technological capabilities to ensure smooth communication and advanced services.”

He stressed that the strong financial results achieved by “E&” in the first quarter of 2026 are a reflection of the flexibility and success of the company’s business model with full commitment to creating added and sustainable value for shareholders, as “E&” continued its growth path during the first quarter of 2026, achieving consolidated revenues amounting to 19.4 billion dirhams, a growth rate of 15.1% compared to the first quarter of last year, and profits before interest and tax also reached Consumption and amortization amounted to 8.6 billion dirhams, with an annual growth rate of 16.5%, which reflects E&’s position as a major driver of the digital economy in the region, and a major catalyst for smart solutions that shape the future.

He concluded by saying: “We express our deep appreciation for the vision of the wise leadership in the UAE, which has laid the foundations for a stable and stimulating environment for growth, and has proven its ability to deal efficiently and competently in various circumstances, which enhances our confidence in continuing to work steadily to achieve continued success.”