e Group Reports Strong Financial Performance with 11.6% Revenue Growth

e Group's Impressive Financial Results in H1 2026

In a recent financial announcement, e Group has showcased its strong resilience and strategic focus in navigating the complexities of the global market. For the first half of the year 2026 (H1 2026), the telecommunications giant reported a consolidated revenue of AED 38.1 billion, reflecting a significant year-on-year growth of 11.6%. This impressive performance was underpinned by a well-defined strategy targeted at enhancing core business activities and embracing comprehensive digital transformation initiatives.

The Group's net profit for H1 2026 reached AED 6.0 billion, demonstrating a 2.4% increase from the previous year, excluding the one-off gains from the sale of Khazna and the Maroc Telecom settlement in 2025. This consistent profit growth reinforces the company's ability to generate value amidst fluctuating market conditions, showcasing its operational efficiency.

In terms of earnings before interest, taxes, depreciation, and amortization (EBITDA), e Group reported AED 17.7 billion, marking a remarkable 13.1% growth compared to H1 2025. The EBITDA margin notably stood at 46.5%, indicating robust profitability and operational effectiveness within the organization.

Alongside these stellar results, e announced an interim dividend per share (DPS) of 47.5 fils, reflecting a 10.5% increase from the prior year, further demonstrating the company’s commitment to delivering value to its shareholders.

Furthermore, the total subscriber base of e Group surged by 30.4%, reaching an impressive 251.5 million subscribers, with the UAE subscriber count rising to 16.5 million, a notable increase of 6.4% year-on-year. This growth in the subscriber base highlights the increasing customer demand for e’s portfolio of innovative services and solutions. The Group’s emphasis on advanced connectivity infrastructure and AI-driven digital experiences has proven fruitful as it continues to capture the evolving needs of customers across various segments.

In a significant move to realign its investment portfolio, e successfully completed the sale of its entire stake in Vodafone Group Plc for gross cash proceeds of AED 21.9 billion (approximately USD 5.95 billion). This strategic divestment achieved a net cash return of AED 4.8 billion (USD 1.3 billion) for e Group, reinforcing its financial strength while allowing it to focus on core operations and explore new avenues for growth.

Furthermore, the company partially sold a 12.5% stake in Careem Technologies to Uber for AED 367 million (USD 100 million), underscoring e’s strategic shift towards optimizing its asset portfolio and reinforcing its commitment to advancing technology and digital solutions in the region.

H.E. Jassem Mohamed Bu Ataba Alzaabi, Chairman of e Group, elaborated on the results, stating, “Our performance illustrates the steadfast progress we are making towards leading the digital future. We have adeptly navigated challenges, turning them into growth opportunities.” He emphasized the Group’s focus on maintaining financial stability and enhancing shareholder value through a rigorous assessment of its international investments.

As part of its commitment to shaping the digital landscape, e Group is poised to continue its strategic investments in technology. Masood M. Sharif Mahmood, the Group Chief Executive Officer, commented on the results, noting the strength of e Group’s operating model and its capacity to adapt to regional and global shifts. Mahmood stated, “Our results validate our proactive risk management strategies and portfolio diversification across telecommunications and digital fronts, reinforcing our shareholder confidence.”

Looking ahead, e Group is committed to leveraging its technological advancements to strengthen its market position both regionally and globally. The company aims to maintain service continuity and reliability through advanced AI capabilities, thus supporting key sectors, including education and remote work environments.

With a solid foundation set for long-term growth and a focus on comprehensive digital transformation, e Group anticipates a promising trajectory as it continues to enhance its operational model, fostering innovation and strengthening its role as a vital player in the evolving telecommunications landscape.