e& Reports AED 8.8 Billion Net Profit for H1 2025, Up 60.7%, Driven by Digital Expansion and AI Innovation
e& (formerly Etisalat Group) today announced robust financial results for the first half of 2025, with consolidated net profit surging by 60.7% year-on-year to AED 8.8 billion, driven by double-digit growth across all key business pillars, strategic divestments, and bold investments in AI and sovereign cloud infrastructure.
The Group’s consolidated revenue reached AED 34.9 billion, marking a 23.3% year-on-year increase, while EBITDA grew 18.8% to AED 15.4 billion, reflecting operational excellence and diversified revenue streams. The Q2 2025 net profit stood at AED 3.5 billion, up 9.7% YoY, while Q2 revenue rose 28.1% to AED 18.0 billion.
“In the first half of 2025, e& continued to strengthen its leadership position, driven by strategic investments and a robust business model,” said H.E. Jassem Mohamed Bu Ataba Alzaabi, Chairman of e&. “Initiatives like the UAE Sovereign Cloud Launchpad with AWS are helping shape the future of the region’s digital economy, and our record performance reflects that impact.”
Key H1 2025 Financial Highlights
| Metric | H1 2025 | H1 2024 | % YoY Change |
|---|---|---|---|
| Consolidated Revenue | AED 34.9 Bn | AED 28.3 Bn | +23.3% |
| Net Profit | AED 8.8 Bn | AED 5.5 Bn | +60.7% |
| EBITDA | AED 15.4 Bn | AED 12.9 Bn | +18.8% |
| Earnings Per Share | AED 1.01 | AED 0.63 | +60.7% |
| Total Subscribers | 198.0 Mn | 175.1 Mn | +13.1% |
| UAE Subscribers | 15.5 Mn | 14.6 Mn | +6.3% |
Strategic & Operational Highlights
1. Digital Sovereignty & AI Leadership
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UAE Sovereign Cloud Launchpad: Launched in partnership with AWS and the UAE Cybersecurity Council, this initiative ensures secure data residency and digital sovereignty, expected to contribute over US$181 billion to the UAE’s digital economy by 2033.
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Dubai AI Seal: e& became one of the first recipients of the Tier S (top-tier) rating, recognizing its leadership in responsible and scalable AI deployment.
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AI Governance with IBM: Rolled out a comprehensive AI and generative AI governance framework for ethical, transparent AI deployment.
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AI Academy & Emiratisation: Over 1,100 AI use cases deployed, and 284 Emiratis graduated from the e& AI Graduate Programme to date.
2. Global Expansion & Divestments
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Khazna Data Centers: Divested a 40% stake for US$2.2 billion (AED 8 billion) to G42 and Khazna, enhancing financial flexibility.
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Airalo Partial Divestment and Serbia Broadband Acquisition: Strengthening e&’s international asset portfolio.
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New international office in Miami, following similar expansions in London and Singapore. Strategic voice partnership announced with Digicel across 24 Caribbean markets.
3. Next-Gen Technology Initiatives
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Qualcomm Partnership: Driving 5G evolution and edge AI with focus areas including smart mobility, industrial IoT, and AI-powered gateways.
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NYU Abu Dhabi Research Collaboration: Joint programme on 6G development, bridging industry and academia.
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Business Continuity-as-a-Service (BCaaS): A new framework to support enterprise risk management and crisis resilience.
“Our results reflect e&’s agility, innovation, and execution power,” said Hatem Dowidar, Group CEO of e&. “We remain focused on scaling future technologies and delivering long-term value for shareholders and societies alike.”
Brand Recognition & Awards
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World’s Fastest Growing Brand (Brand Finance Global 500, 2025)
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Brand Strength Index: 84.6, with a AAA rating
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Total brand portfolio value surpassed US$ 20 billion
Looking Ahead
With a growing base of 198 million subscribers, major AI and cloud infrastructure projects underway, and enhanced global reach, e& is well-positioned to drive the next chapter of digital transformation across the Middle East, Africa, Europe, and beyond.
