Emirates Integrated Telecommunications Company PJSC (du) has reported a robust start to 2025, with its first-quarter financials showing solid growth in revenue, profit, and operating performance.
The telecom operator posted a 7.4% year-over-year increase in total revenues, reaching AED 3.8 billion. This was driven by strong performance across both service and non-service segments. EBITDA jumped 15% to AED 1.8 billion, lifting the EBITDA margin to an impressive 47.4%. Net profit surged by 19.8% to AED 722 million, reflecting effective cost control and operational discipline.
Fahad Al Hassawi, CEO of du, described the quarter as a “very strong start” to the year. He credited the growth to a resilient UAE market, evolving customer needs, and the company’s strategic focus on diversification. Notably, du’s partnership with Microsoft to develop a hyperscale data centre signals its continued push beyond traditional telecom offerings.
Mobile service revenues climbed 7.4% to AED 1.7 billion, supported by subscriber growth and increased demand for higher-value services. The mobile base now exceeds nine million users. Fixed service revenues rose by 10.2% to AED 1.1 billion, driven by higher fibre penetration and strong performance from home and enterprise connectivity products.
Other revenues, including ICT services and roaming, grew by 4.8%, despite lower handset sales compared to Q1 2024. du said the previous year benefited from a demand surge due to earlier supply constraints.
Capital expenditure stood at AED 377 million, with continued investments in 5G infrastructure, fibre rollout, and IT transformation. Operating free cash flow increased by 17.9% to AED 1.4 billion, underpinned by EBITDA growth.
The company reaffirmed its full-year guidance, citing strong momentum and a stable outlook for sustained growth.
News Source: Emirates News Agency
