e& kicked off 2026 on a high note, posting consolidated revenues of AED 19.4 billion in the first quarter — a 15.1% year-on-year increase — as the telecoms and technology group continued to expand its global footprint and deepen its digital offerings.
Net profit reached AED 2.9 billion, up 3.9% year-on-year excluding the gain from the prior sale of Khazna, while EBITDA climbed 16.5% to AED 8.6 billion, signalling broad-based operational strength across the group.
Subscriber numbers told an equally compelling story. The group's global base surged 30.8% year-on-year to 248 million, with its UAE operations contributing 16.6 million subscribers — growth driven by the adoption of next-generation connectivity and AI-powered services that have become central to the customer experience.
Group CEO Masood M. Sharif Mahmood attributed the performance to e&'s agile business model and proactive risk management, noting that international diversification had helped sustain momentum despite a challenging regional environment. He highlighted the group's role in supporting business continuity, remote work infrastructure and education systems throughout recent regional disruptions.
"Our strong financial performance in the first quarter of 2026 reflects the success and resilience of our operations, underpinned by our commitment to creating sustainable shareholder value,"
Mahmood said.
The results reinforce e&'s standing as one of the region's most significant enablers of digital infrastructure, with the group positioning itself at the intersection of connectivity, artificial intelligence and intelligent enterprise solutions as it heads into the remainder of the year.
News Source: Emirates News Agency
