Abu dhabi: e and Group recorded strong growth in its consolidated revenue during the first six months of this year, reaching AED38.1 billion, an increase of 11.6 percent compared with the same period last year. The company also reported a consolidated net profit of AED6 billion, reflecting growth of 2.4 percent compared with the first half of last year, excluding the impact of the Maroc Telecom settlement and proceeds from the sale of the Group's stake in Khazna during the first half of 2025.
According to Emirates News Agency, EBITDA reached AED17.7 billion, up 13.1 percent year-on-year, with an EBITDA margin of 46.5 percent. The financial performance was bolstered by a 30.4 percent increase in the Group's total subscriber base, reaching 251.5 million subscribers. In the UAE, e and subscribers grew to approximately 16.5 million, an increase of 6.4 percent compared with the first half of last year, indicating rising customer demand for the Group's services and solutions.
The Group completed the sale of its entire stake in Vodafone Group following a strategic review of its international investment portfolio after the second quarter, generating gross cash proceeds of AED21.9 billion and a net cash gain of around AED4.8 billion. Additionally, the Group sold 12.5 percent of its 50.03 percent stake in Careem Technologies to Uber for AED367 million.
Jassem Mohamed Bu Ataba Alzaabi, Chairman of e and Group, highlighted the company's progress towards leading the digital future, transforming challenges into sustainable business opportunities. He emphasized the Group's strategy, built on core business strengths and investments in technology infrastructure, as crucial to sustaining growth and reinforcing leadership in regional and international markets.
Masood M. Sharif Mahmood, Group Chief Executive Officer, affirmed e and 's robust operating model and adaptability as key to its first-half performance. He cited proactive risk management, investment diversification, and artificial intelligence integration as factors bolstering shareholder confidence. Mahmood also noted that the Group's strong financial position enables it to seize opportunities and continue developing digital infrastructure for the future.
