e& reported consolidated revenue of Dh19.4 billion for the first quarter of 2026, up 15.1% year-on-year, supported by strong subscriber growth and rising demand for digital services.
Net profit rose to Dh2.9 billion, a 3.9% increase compared with the same period last year, excluding gains from the sale of Khazna. Earnings before interest, tax, depreciation and amortisation (EBITDA) climbed 16.5% to Dh8.6 billion.
“Despite economic and regional changes, our agile business model has proven e&’s inherent strength and great ability to navigate challenges,” said Group Chief Executive Officer Masood M. Sharif Mahmood. “Throughout recent regional challenges, e& remained steadfast in fulfilling its national role by enabling business continuity, ensuring network resilience, supporting remote work and education systems…”
Growing subscribers
The group’s subscriber base expanded 30.8% year-on-year to 248 million, driven largely by international growth. In the UAE, the customer base reached 16.6 million, reflecting strong uptake of advanced connectivity and artificial intelligence-enabled services.
The quarterly performance reflects continued investment in next-generation infrastructure and the group’s broader push to scale digital solutions across markets. e& positions itself as a key player in the region’s evolving digital economy while sustaining growth across both its core and international operations.
The company said it expects momentum to continue, supported by diversification and its focus on technology-led services across multiple geographies.
