UAE’s e& rings up 129.9% profit growth in Q1-2025

Dubai: The UAE tech-telco group e&’s overall subscriber base has risen by a robust 12.9% to 194.8 million, signaling there is continued growth to be had from a fast expanding overseas network.

In the UAE, e&’s subscribers totaled 15.3 million.

PauseUnmute
Fullscreen
All told, Q1-2025 revenues were Dh16.9 billion, powering up by 18.7%, and for the net profit to grow to Dh5.4 billion. That’s a whopping 129.9% increase from same time last year.

“These outcomes are not aspirational — they are clear proof points,” said Hatem Dowidar, Group CEO of e&.

“We are translating our ambition into measurable performance via achieving robust financial performance, retaining our network leadership, scaling our footprint across high-potential markets and optimising our assets profile to create a sustainable value for our shareholders.”
Khazna stake sale rakes in Dh8b
e& had divested its 40% stake in UAE date center firm Khazna forDh8 billion.

“The move reflects a strategic effort to unlock value, sharpen focus on core businesses and optimise its portfolio,” said a statement. “It also enhances shareholder returns, strengthens financial flexibility, and reinforces e&’s commitment to long-term growth.”

There was also its Maroc Telecom in Morocco signing up with Inwi (Wana Corporate) to accelerate that country’s fibre optic and 5G rollout. This includes the formation of two joint ventures: one for deploying of fiber-optic passive infrastructure and the other for the rollout of new telecommunications towers. (The partnership is still subject to obtaining regulatory approvals.)