e Group Reports Impressive 18.7% Revenue Growth for Q1 2025

e Group's Exceptional Growth in Q1 2025

On April 30, 2025, e Group reported a remarkable revenue growth of 18.7% year-on-year, reaching consolidated revenues of 16.9 billion AED for the first quarter of the year. This performance underscores the company's robust digital strategy and its ability to adapt to the evolving market landscape.

The net profit for the quarter surged to 5.4 billion AED, marking an impressive 129.9% increase compared to the same period last year. When excluding the impact of the Khazna transaction, net profits saw a more modest yet significant growth of 19.1%. This successful quarter also allowed e Group to receive 2.2 billion USD in funds, which were strategically used to reduce the group's debt, reinforcing its financial stability.

With an outstanding EBITDA of 7.4 billion AED, reflecting a 15.4% year-on-year increase, e Group continues to demonstrate strong operational efficiency. The company’s total subscriber base now stands at 194.8 million, a 12.9% year-over-year growth, indicating a growing demand for high-speed connectivity and innovative service offerings powered by artificial intelligence (AI).

Leadership Comments

Hatem Dowidar, the CEO of e Group, emphasized the significance of the first quarter results, stating, "This quarter represents a pivotal moment in e's journey, with solid performance across all financial metrics. Our consolidated revenues reached 16.9 billion AED, and our EBITDA hit 7.4 billion AED, showcasing our disciplined execution and commitment to customer satisfaction. We are committed to innovating and delivering results in a competitive global landscape."

Dowidar further highlighted e Group’s ambition to shape the future of digital connectivity and services, emphasizing their strategic investments in advanced 5G networks and AI-powered solutions.

Operational Highlights

In 2025, e Group was recognized as the "Fastest Growing Brand in the World" as per the Brand Finance Global 500 report, achieving a AAA rating with a brand strength score of 84.6. The company's total investment portfolio has exceeded 20 billion USD, reflecting the growing value of its brand.

The successful divestment of a 40% stake in Khazna for 2.2 billion USD signifies a strategic shift aimed at focusing on core business areas and optimizing the overall investment portfolio. In alignment with its long-term growth objectives, e Group aims to enhance shareholder value and strengthen its financial flexibility.

Additionally, e's subsidiaries, Maroc Telecom and Inwi, entered into a partnership to accelerate the rollout of fiber optics and 5G technology in Morocco, introducing two joint ventures aimed at expanding telecommunications infrastructure. This collaboration marks a significant investment in regional connectivity.

Technological Innovations

At the World Economic Forum in Davos, e Group introduced a groundbreaking AI governance solution developed with IBM, aimed at promoting ethical and transparent AI utilization across its expanding initiatives. The framework facilitates compliance and risk monitoring, showing e Group's dedication to responsible innovation.

Furthermore, a joint study with the IBM Institute for Business Value identified MENA's potential as a global leader in AI, revealing that 65% of CEOs in the region support the adoption of generative AI, surpassing the global average.

In an academic collaboration, e has partnered with New York University in Abu Dhabi to advance 6G technology research, strengthening the relationship between academia and industry while positioning the UAE as a future-oriented connectivity hub.

Future Outlook

e Group's commitment to community empowerment and sustainable practices remains a top priority, as demonstrated by its initiatives targeting employment for individuals with determination and fostering skills development for youth.

As e Group continues to innovate and expand its product offerings, such as Neo Home, a new 1 Gbps fiber plan designed for modern households, it aims to meet the increasing consumer demand for high-speed connectivity and smart digital experiences.

Through strategic collaborations and continued investment in advanced technologies, e Group is not only transforming the digital landscape but also reinforcing its position as a leader in the telecommunications sector, setting the stage for a successful year ahead.