e Group Reports Impressive Financial Growth with AED 19.4 Billion Revenue in Q1 2026
In a remarkable start to 2026, e Group has reported impressive financial results for the first quarter, demonstrating significant growth across key metrics. The consolidated revenue reached AED 19.4 billion, marking a robust year-on-year increase of 15.1%. This growth trajectory reflects the company's strength in navigating the current economic landscape, driven by innovative service offerings and a commitment to enhancing customer experiences.
Dr. Masood M. Sharif Mahmood, the Group's Chief Executive Officer, shared these impressive results, which not only showcase financial performance but also underline e Group’s pivotal role in shaping the digital landscape. With an EBITDA of AED 8.6 billion, representing a growth of 16.5%, the figures reveal the company’s operational efficiencies and strong demand for its services.
The net profit reported was AED 2.9 billion, growing by 3.9% compared to the previous year's first quarter, with adjustments noting the exclusion of a one-time gain recorded from the sale of Khazna in Q1 2025. This steady increase in net profit exemplifies the resilience and adaptability of e Group, particularly amidst fluctuating market conditions.
Furthermore, e Group's subscriber base continues to rise sharply, achieving a total of 248 million subscribers, which reflects a remarkable year-on-year growth of 30.8%. This increase is notably supported by advancements in connectivity solutions and the integration of AI applications into services provided to customers.
In the UAE, the company reported an increase to 16.6 million subscribers, a 8.7% rise year-on-year, demonstrating its commitment to providing cutting-edge connectivity solutions and enhancing customer satisfaction.
Financial Highlights for Q1 2026 include:
The strategic vision of e Group remains centered around growth, leveraging its strong foundation to overcome challenges and capitalize on emerging opportunities in both local and international markets. Dr. Mahmood emphasized that the agile nature of e Group has proven invaluable, allowing for continued operations and network resilience even during challenging economic periods.
“Through our proactive approach towards risk management and a diversified model, we have sustained our growth momentum and further entrenched our position as a key player within the digital economy. We are poised to drive continued success while supporting the ongoing evolution of digital services across our operational territories,” stated Dr. Mahmood.
In response to the heightened demand for digital services exacerbated by recent global events, e Group has focused on enhancing its infrastructure and technology capabilities. The firm has played a vital role in facilitating business continuity for numerous sectors, ensuring not only the resilience of networks but also maintaining seamless access to vital services for education and remote work solutions.
The strong financial metrics reported for Q1 2026 underscore e Group’s success and resilience across its operations and highlight its commitment to delivering sustainable value to shareholders. With the goal of continuing to bolster its leadership in the digital economy, e Group is well-positioned to redefine industry standards and innovate for the future, reflecting the UAE's broader vision of a forward-thinking, resilient economy.
As e Group moves through 2026, it remains dedicated to harnessing its technological prowess to enhance connectivity and create intelligent solutions that will chart a prosperous future in digital communication and beyond.
Dr. Masood M. Sharif Mahmood, the Group's Chief Executive Officer, shared these impressive results, which not only showcase financial performance but also underline e Group’s pivotal role in shaping the digital landscape. With an EBITDA of AED 8.6 billion, representing a growth of 16.5%, the figures reveal the company’s operational efficiencies and strong demand for its services.
The net profit reported was AED 2.9 billion, growing by 3.9% compared to the previous year's first quarter, with adjustments noting the exclusion of a one-time gain recorded from the sale of Khazna in Q1 2025. This steady increase in net profit exemplifies the resilience and adaptability of e Group, particularly amidst fluctuating market conditions.
Furthermore, e Group's subscriber base continues to rise sharply, achieving a total of 248 million subscribers, which reflects a remarkable year-on-year growth of 30.8%. This increase is notably supported by advancements in connectivity solutions and the integration of AI applications into services provided to customers.
In the UAE, the company reported an increase to 16.6 million subscribers, a 8.7% rise year-on-year, demonstrating its commitment to providing cutting-edge connectivity solutions and enhancing customer satisfaction.
Financial Highlights for Q1 2026 include:
- - Consolidated Revenue: AED 19.4 billion
- - Net Profit: AED 2.9 billion
- - EBITDA: AED 8.6 billion
- - Total Subscribers: 248 million
- - Subscribers in UAE: 16.6 million
The strategic vision of e Group remains centered around growth, leveraging its strong foundation to overcome challenges and capitalize on emerging opportunities in both local and international markets. Dr. Mahmood emphasized that the agile nature of e Group has proven invaluable, allowing for continued operations and network resilience even during challenging economic periods.
“Through our proactive approach towards risk management and a diversified model, we have sustained our growth momentum and further entrenched our position as a key player within the digital economy. We are poised to drive continued success while supporting the ongoing evolution of digital services across our operational territories,” stated Dr. Mahmood.
In response to the heightened demand for digital services exacerbated by recent global events, e Group has focused on enhancing its infrastructure and technology capabilities. The firm has played a vital role in facilitating business continuity for numerous sectors, ensuring not only the resilience of networks but also maintaining seamless access to vital services for education and remote work solutions.
The strong financial metrics reported for Q1 2026 underscore e Group’s success and resilience across its operations and highlight its commitment to delivering sustainable value to shareholders. With the goal of continuing to bolster its leadership in the digital economy, e Group is well-positioned to redefine industry standards and innovate for the future, reflecting the UAE's broader vision of a forward-thinking, resilient economy.
As e Group moves through 2026, it remains dedicated to harnessing its technological prowess to enhance connectivity and create intelligent solutions that will chart a prosperous future in digital communication and beyond.
Topics Telecommunications）
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