e& H1 Revenue Reaches Dh38.1 Billion
e& delivered strong financial results for the first half of 2026, driven by subscriber growth, expanding digital services, and continued investment in artificial intelligence. The Abu Dhabi-based technology group reported consolidated revenue of Dh38.1 billion, an 11.6% increase from the same period last year. Consequently, the company strengthened its position as one of the region’s leading telecom and technology providers.
EBITDA rose 13.1% year over year to Dh17.7 billion, while the EBITDA margin reached 46.5%. In addition, consolidated net profit climbed to Dh6 billion, excluding one-off gains recorded during the first half of 2025. The company also announced an interim dividend of 47.5 fils per share, representing a 10.5% increase compared with the previous year.
Subscriber Base Surpasses 251 Million
e&’s global subscriber base expanded 30.4% year over year to 251.5 million customers. Meanwhile, its UAE subscriber base grew 6.4% to 16.5 million, reflecting continued demand for connectivity, digital platforms, and AI-powered services. Therefore, the group’s investments in next-generation infrastructure and enterprise solutions continued to support customer growth across multiple markets.
During the second quarter alone, revenue increased 8.7% to Dh19.2 billion, while EBITDA climbed 9.8% to Dh9 billion. Moreover, quarterly net profit reached Dh3.1 billion after adjustments, demonstrating resilient operating performance despite evolving market conditions.
Portfolio Reshaping Strengthens Financial Position
Alongside its financial performance, e& completed a strategic review of its international investment portfolio. As a result, the company sold its entire stake in Vodafone Group, generating Dh21.9 billion in gross cash proceeds and a net cash return of Dh4.8 billion. It also sold a 12.5% stake in Careem Technologies to Uber, raising Dh367 million.
The portfolio restructuring aligns with e&’s broader strategy of focusing on high-growth digital businesses while strengthening its financial flexibility. Furthermore, the company continues investing in AI-enabled services, cloud technologies, and advanced connectivity to support long-term expansion across consumer and enterprise markets.
AI and Digital Services Drive Future Growth
e& attributed its performance to rising demand for digital services, advanced telecommunications infrastructure, and AI-powered customer experiences. Consequently, the group remains focused on accelerating innovation while expanding its technology portfolio across international markets. With subscriber numbers now exceeding 251 million and revenue continuing to grow at a double-digit pace, e& enters the second half of 2026 with strong operational momentum.
