#Abu Dhabi #UAE #5G Technology #e #Khazna

e's Exceptional Q1 2025 Financial Performance

On April 30, 2025, e revealed impressive financial results for the first quarter of 2025, demonstrating significant growth across key financial indicators. The company, a major player in the technology and telecommunications sector, reported a consolidated revenue of 16.9 billion AED, an astonishing increase of 18.7% compared to the same quarter last year. The group also achieved a net profit of 5.4 billion AED, representing a remarkable growth of 129.9% year-on-year. This performance underscores the strength of e's strategic initiatives and its impact in the global tech landscape.

In the first quarter, e's EBITDA reached 7.4 billion AED, marking a 15.4% increase from the previous year. The company’s total subscriber base expanded significantly, reaching 194.8 million, reflecting a 12.9% growth year-on-year, while in the UAE alone, the subscriber count grew to 15.3 million, indicating persistent demand for advanced connectivity and AI-powered solutions.

Comments from Leadership

Hatem Dowidar, Group CEO of e, commented on the company's strong performance, stating, "The first quarter of 2025 symbolizes a new phase in e's journey, showcasing robust results across the board. Our consolidated revenue reached 16.9 billion AED, with EBITDA standing at 7.4 billion AED, a yearly growth of 18.7% and 15.4% respectively. Our commitment to excellence in service and ambition to be a global tech powerhouse are driving our growth."

Dowidar highlighted the importance of innovation and adaptability as key differentiators for e. He emphasized the company's focus on integrating AI in operations and deploying the most advanced 5G networks in the region. Additionally, e has strategically expanded its influence across three continents, particularly following their investments in PPF Telecom at the end of 2024. This focus on building a comprehensive digital ecosystem aims to empower individuals, businesses, and governments.

Strategic Moves and Partnerships

The excellent financial results were bolstered by the successful monetization of e's stake in Khazna, selling their 40% share for a lucrative 2.2 billion USD (approximately 8 billion AED). This decision aligns with their strategy to create value, focus on core operations, and optimize their business portfolio. The generated funds are intended to improve shareholder returns and enhance overall financial flexibility.

Additionally, e has initiated a strategic partnership with Maroc Telecom and Inwi (Wana Corporate) to accelerate fiber optic and 5G rollout in Morocco, further demonstrating e's dedication to expanding its infrastructure offerings.

In considerations of ethical technology use, e has partnered with IBM to unveil a groundbreaking AI governance framework that promotes the responsible deployment of AI technologies, ensuring compliance and risk management within its expanding AI ecosystem. Moreover, a report titled “MENA's AI Advantage”, produced with the IBM Institute for Business Value, suggests significant opportunities for the MENA region to become a leader in AI, noting that 65% of CEOs in the region advocate for the adoption of generative AI.

Advancements in UAE Operations

Within the UAE, e has launched Neo Home, a new line of 1 Gb/s fiber packages designed for modern households, which provides seamless streaming and faster downloads. The company has successfully integrated AI into its cloud operations to boost efficiency and streamline business processes. Furthermore, a collaboration with Samsung aims to deliver state-of-the-art mobile experiences powered by AI.

Community Engagement

e’s commitment to community enhancement is demonstrated through various educational initiatives and partnerships, aiming to empower local communities and provide career exploration opportunities for students. Collaborations with academic institutions have furthered research on 6G technology, positioning the UAE as a hub for future connectivity advancements.

Conclusion

As e journeys into 2025, its focus on innovation, strategic partnerships, product launches, and commitment to community empowerment solidifies its status as a global growth leader in the technology sector. The substantial financial performance in Q1 illustrates its capacity to shape the digital future while delivering measurable results for shareholders and stakeholders alike.