#Abu Dhabi #UAE #revenue growth #e Group

e Reports Strong Financial Performance for H1 2026

In a significant announcement, e has revealed its financial results for the first half of 2026, showcasing a remarkable growth in consolidated revenue. The company reported a total revenue of 38.1 billion AED, marking an increase of 11.6% compared to the same period last year. This impressive growth can be attributed to the strategic focus on core activities and a robust digital transformation that emphasizes AI-driven innovations.

Financial Highlights

The consolidated net profit for the first half of 2026 reached 6.0 billion AED, representing a 2.4% annual growth (excluding capital gains from the sale of Khazna and the impact of the Maroc Telecom settlement from early 2025). Additionally, the gross operating profit (EBITDA) climbed to 17.7 billion AED, showing an increase of 13.1% year-over-year, and achieving a solid margin of 46.5%.

The interim dividend per share has also risen to 47.5 fils, an increase of 10.5% from the previous year, illustrating the company’s commitment to delivering value to its shareholders even amid challenging market dynamics.

Strategic Reorganization

In addition to these positive financial outcomes, e has undertaken a strategic review of its investment portfolio, resulting in the divestiture of its stake in Vodafone at a premium price. This sale yielded a cash influx of 21.9 billion AED (approximately 5.95 billion USD), with a net cash yield of 4.8 billion AED (around 1.3 billion USD). Furthermore, e has completed the partial divestment of 12.5% of its stake in Careem Technologies to Uber for 367 million AED (about 100 million USD).

“Our current results underscore the consistent progress of e as we aim to be a key player in the digital future,” stated H.E. Jassem Mohamed Bu Ataba Alzaabi, Chairman of e Group. He highlighted that the results reflect the company's capability to convert regional and global challenges into growth opportunities.

Subscriber Growth

During the first half of 2026, e has also recorded a substantial increase in its global subscriber base, which has expanded by 30.4%, totaling 251.5 million subscribers worldwide. In the UAE market alone, the subscriber count has grown to 16.5 million, showing a 6.4% increase compared to the previous year.

These results indicate a rising demand for e's innovative solutions and services, as well as its ability to meet the increasing need for advanced connectivity infrastructure, providing distinct digital experiences propelled by AI for both consumers and businesses.

Forward-looking Strategy

The successful completion of strategic investments and cash-generating divestments showcases the company's strong financial position. Future plans include consolidating its market leadership and exploring new technological frontiers while committing to ongoing investment in cutting-edge digital solutions.

Masood M. Sharif Mahmood, the CEO of e Group, emphasized that despite facing new challenges, the company has demonstrated the robustness of its operational model and adaptability throughout the first half of 2026, achieving a strong operating margin and healthy cash flows.

“Our proactive risk management and portfolio diversification across telecommunications and digital sectors underline our commitment to driving shareholder confidence,” he added.

Conclusion

With a vision rooted in the UAE’s ambitious future, e remains dedicated to enhancing its role in the digital landscape, supporting socioeconomic progress, and consistently offering innovations that bolster the UAE's position on the global technology stage.

For more updates on e's performance and future endeavors, keep an eye on our forthcoming releases.