- Group CEO Masood M. Sharif Mahmood said: “e& continues to achieve growth, with consolidated revenue reaching AED 19.4 billion and EBITDA reaching AED 8.6 billion, up 15.1% and 16.5% year-on-year respectively.”
- Consolidated net profit reached AED 2.9 billion, up 3.9% year-on-year* (excluding gains from the sale of Khazna in Q1 2025)
- Group consolidated subscriber base reached 248 million
- e& UAE subscriber base increased to 16.6 million
Abu Dhabi, UAEApril 30, 2026 /PRNewswire/ — e& announced a strong start to 2026 with solid first-quarter financial results, underscoring the Group’s leadership in shaping the digital landscape and reinforcing its position as a leading global entity.

e& Group CEO Masood M. Sharif Mahmood
Group consolidated revenue reached AED 19.4 billion, up 15.1% year-on-year; consolidated net profit reached AED 2.9 billion, up 3.9% year-on-year (excluding gains from the sale of Khazna). EBITDA grew 16.5% year-on-year to AED 8.6 billion.
The Group’s subscriber base maintained growth momentum, increasing 30.8% year-on-year to a total of 248 million subscribers. In the domestic market, e& UAE delivered strong performance, driven by the adoption of next-generation connectivity solutions and AI applications—which have become integral to the customer experience—with its subscriber base reaching 16.6 million.
Q1 2026 Financial Highlights
|
Q1 2026 |
Q1 2025 |
Percentage Change |
|
|
Consolidated Revenue |
AED 19.4 billion |
AED 16.9 billion |
15.1% |
|
Consolidated Net Profit |
AED 2.9 billion |
AED 2.8 billion (*) |
3.9% |
|
EBITDA |
AED 8.6 billion |
AED 7.4 billion |
16.5% |
|
Group Total Subscribers |
248 million |
189.6 million (**) |
30.8% |
|
e& UAE Subscribers |
16.6 million |
15.3 million |
8.7% |
(*) Q1 2025 net profit, excluding gains from the sale of Khazna totaling AED 2.6 billion
(**) Adjusted based on Maroc Telecom reported figures
e& Group CEO Masood M. Sharif Mahmood said: “Despite economic and regional changes, our flexible business model has demonstrated e&’s inherent strengths and robust ability to navigate challenges. Our proactive risk management strategy and international presence have enabled us to maintain growth momentum in both domestic and international markets, fully proving e&’s agility and resilience in operating under adverse conditions.
Today, we stand on a solid foundation with a strong track record, giving us confidence that e& will continue its upward trajectory. Amid recent regional challenges, e& has steadfastly fulfilled its national mission, ensuring business continuity, safeguarding network resilience, supporting remote work and education systems, and leveraging our technological capabilities to guarantee seamless connectivity and uninterrupted digital services for all under varying circumstances.
In Q1 2026, our strong financial performance underscores the success and resilience of our operations, driven by our commitment to creating sustainable value for shareholders. We continue to achieve growth, with consolidated revenue reaching AED 19.4 billion and EBITDA reaching AED 8.6 billion, up 15.1% and 16.5% year-on-year respectively. This performance reinforces our position as a driving force for the regional digital economy and a leading enabler of future smart solutions.
The visionary leadership of the UAE continually inspires us, fostering a stable, growth-oriented environment while maintaining agility and resilience even under the most challenging circumstances, supporting our steady progress, bold ambition, and confidence to continue delivering outstanding results.”
