e Group Reports Strong Financial Growth with 11.6% Revenue Increase in H1 2026

e Group Reports Strong Financial Growth in H1 2026

The e Group has made a significant impact in the financial sector, announcing a robust increase in its consolidated revenue by 11.6%, reaching a remarkable 38.1 billion AED in the first half of 2026. This growth showcases the company's ability to maintain a steady upward trajectory amidst changing market landscapes and emerging global challenges.

In addition to the revenue growth, the company's net profit surged to 6.0 billion AED, marking a 2.4% increase from the previous year, despite the absence of gains from the Khazna sale and the Maroc Telecom agreement from H1 2025. Furthermore, the Group's EBITDA rose to 17.7 billion AED, reflecting a 13.1% growth and resulting in a formidable EBITDA margin of 46.5%.

The remarkable financial performance can largely be attributed to a strategic focus on core businesses, a comprehensive digital transformation plan, and the acceleration of AI-powered innovations. During the first six months of 2026, e Group's subscriber base expanded by 30.4%, reaching 251.5 million customers, with a 6.4% increase in subscribers in the United Arab Emirates, amounting to 16.5 million.

These results reflect increasing customer demand for e Group's portfolio of innovative services and solutions and its capability to provide advanced connectivity infrastructure along with tailored, AI-driven digital experiences for both consumers and businesses.

After conducting a thorough strategic assessment of its international investment portfolio at the end of Q2, e Group successfully concluded the sale of its entire stake in the Vodafone Group Plc, generating gross cash proceeds of 21.9 billion AED (5.95 billion USD) and net cash proceeds of 4.8 billion AED (1.3 billion USD). Additionally, e Group sold a 12.5% stake in Careem Technologies to Uber for a total price of 367 million AED (100 million USD).

H.E. Jassem Mohamed Bu Ataba Alzaabi, Chairman of the e Group, emphasized that the recent results validate the company's strategy aimed at solidifying its leadership in the digital realm. He stated that despite regional and global challenges, e Group has transformed potential obstacles into growth opportunities, thereby enhancing its market position.

"Our financial results for H1 2026 underscore the success of our strategy, which leverages the strength of our core business portfolio and ongoing investments in technological infrastructure and advanced digital solutions," Alzaabi remarked. He further mentioned that the sale of the Vodafone stake has provided a solid foundation to sustain growth and strengthen the Group's standing in both regional and international markets.

Masood M. Sharif Mahmood, CEO of the e Group, shared confidence in the stability of the Group’s business model, asserting that the company maintained a strong cash flow while achieving consolidated net profits of 6.0 billion AED. He praised the proactive risk management strategies employed by the Group, which have diversified its portfolio beyond telecommunications and digital businesses, ensuring a solid return for shareholders amidst turbulent times.

As e Group looks ahead, the Board of Directors reiterates its commitment to ensuring the continuity of operations while providing reliable digital services enhanced with AI capabilities. The company has proven its ability to support the economic and developmental needs of the UAE, guided by the visionary leadership of the nation.

The achievements in H1 2026 serve as a testament to the e Group’s resilience and capacity for innovation, positioning it as a trusted partner for clients embarking on extensive digital transformations. The ongoing focus on enhancing digital infrastructure will facilitate new opportunities for growth and foster a successful future in the technology landscape.