Abu Dhabi – Mubasher: The audited consolidated income statement of Emirates Telecommunications Group Company (e&) indicated an annual leap in net profit after federal royalty and corporate tax to AED 16.15 billion in 2025 when compared with AED 10.58 billion in 2024.
Meanwhile, the net profits attributable to the owners increased by 33.60% to AED 14.36 billion with a margin of 19.70%, compared to AED 10.75 billion in 2024. Excluding gain on the sale of Khazna and the impact of Maroc Telecom refund post settlement, net profit increased year-on-year (YoY) by 6%.
The basic and diluted earnings per share (EPS) rose to AED 1.65 in 2025 from AED 1.24 in the previous year.
e& Group delivered a jump of 23.10% in revenue to AED 72.85 billion during January-December 2025 from AED 59.20 billion in the corresponding period of 2024. This annual revenue growth was supported by the strong performance of telecom operations, increasing YoY by 22.3%, and the strong growth of digital verticals increasing YoY by 25.3%, driven by the expansion of our different business lines and the strong operational performance.
Total assets stood at AED 205.05 billion as of 31 December 2025, surging from AED 183.32 billion at the end of 2024.
As for e& international, the subscriber base witnessed an outstanding increase of 33.30% YoY, reaching 228.50 million. This growth was mainly driven by the consolidation of Telenor Pakistan along with the growing subscriber base in Egypt, Moov Africa, Pakistan and e& PPF telecom.
For e& UAE, total subscriber base increased remarkably by 8.40% YoY to 16.30 million, supported by the strong acquisition activities particularly in mobile segment, a pattern that extended throughout the year and amplified during the the fourth quarter (Q4) of 2025 with net additions of around 600,000 customers.
In addition, the mobile customer base for e& UAE increased by 1.20 million in the last 12 months, reaching 14.60 million with postpaid and prepaid customers reporting an annual increase of 12% and 9%, respectively, supported by attractive offerings, world-class networks and leading customer experience. Moreover, fixed Broadband customer base increased YoY by 2% to 1.40 million subscribers.
For e& Egypt, the company sustained its double-digit growth throughout 2025, expanding its customer base to reach 42.30 million by adding 4.30 million customers during the last 12 months, reflecting a YoY growth of 11.30%.
Egypt operations’ revenue increased YoY by 38.10% to AED 1.40 billion in Q4-25, on the back of the growth in data and voice revenues driven by expanding base.
Full Year 2025 revenue for e& Egypt reached AED 4.70 billion, increasing by 39.70% in constant currency, reflecting strong momentum supported by operational excellence.
Cash Dividends
The board members of e& Group proposed the distribution of final dividends for the second half (H2) of 2025 as 47 fils per share.
This brings the full dividends for 2025 to 90 fils per share, representing 90% of the nominal value of the share, subject to the shareholders’ approval in the e&’s annual general assembly on 30 March 2026.
Changes to e& Group's Executive Management
e& Group stated that Hatem Dowidar decided to step down from his position as Group CEO after six years of service in this role and more than 10 years in the company. His last working day will be 31 March 2026.
This decision coincides with the group delivering record results in 2025, as a continuation to the transformation journey of e&. In addition, it is aligned with the group’s succession plan.
The board of directors accepted Dowidar’s resignation and expressed its appreciation for his leadership and the milestones achieved during his tenure.
Further, the board appointed Masood Mohamed Sharif as the Group CEO, in addition to his current role as the CEO of e& UAE, effective 1 April 2026.
Management Commentary
The current Group CEO of e&, Hatem Dowidar, stated: “It has been an honor to lead e& during a defining chapter in its history. I am proud of what we have accomplished together, transforming our business, expanding internationally, and building new growth engines for the future.”
Dowidar noted: “The record results achieved in 2025 reflect the strength of our strategy, the resilience of our operating model, and the dedication of our people. I extend my sincere gratitude to the Chairman, the board, our leadership team and all our employees for their unwavering commitment and support.”
He concluded that he remains confident in e&’s continued success in the years ahead under the leadership of Masood.
For his part, Masood Sharif, CEO of e& UAE, said: “I am deeply honored to take on the role of Group Chief Executive Officer of e& and grateful for the opportunity to lead this ambitious global company.”
Bringing more than 25 years of senior leadership experience in communications, investments and technology sectors, Sharif added: “I want to thank [Dowidar] for his exceptional leadership and partnership and the Chairman and the board of directors for their trust and endorsement. I look forward to building on our shared achievements with our talented teams, OpCos, and partners worldwide.”
It is worth noting that e& recently announced an update on its shareholding in the leading global telecom operator Vodafone Group.
