e& Reports Impressive Q1 2026 Financial Results with AED 19.4 Billion Revenue
e& Reports Stellar Start for 2026 with Record Figures
On April 29, 2026, e& announced impressive financial results for the first quarter of 2026, reinforcing its dominant position in the telecommunications market. The company reported a consolidated revenue of AED 19.4 billion, reflecting a remarkable year-on-year growth of 15.1%. This robust performance was accompanied by an EBITDA of AED 8.6 billion, which represents a 16.5% increase compared to the prior year.
The consolidated net profit for the quarter reached AED 2.9 billion, showing a growth of 3.9% year-on-year, excluding a significant gain derived from the sale of Khazna in Q1 2025. e& continues to expand its subscriber base, with a total of 248 million subscribers across its global operations, marking a staggering 30.8% increase from the previous year. In the UAE, the company reported 16.6 million subscribers, up from 15.3 million in the same quarter last year.
Highlights of Q1 2026 Financial Performance
| Metrics | Q1 2026 | Q1 2025 | Change (%) |
|---|---|---|---|
| -------- | ---- | ---- | --- |
| Consolidated Revenue | AED 19.4 billion | AED 16.9 billion | +15.1% |
| Consolidated Net Profit | AED 2.9 billion | AED 2.8 billion | +3.9% |
| EBITDA | AED 8.6 billion | AED 7.4 billion | +16.5% |
| Total Subscribers | 248 million | 189.6 million | +30.8% |
| UAE Subscribers | 16.6 million | 15.3 million | +8.7% |
Net profit for Q1 2025 excludes the gain from the Khazna sale amounting to AED 2.6 billion.
Adjusted for figures reported by Maroc Telecom.
Masood M. Sharif Mahmood, the Group Chief Executive Officer of e&, remarked, "Despite economic and regional challenges, our agile business model has demonstrated the inherent strength of e& and our capability to navigate obstacles. Our proactive risk preparedness and international diversification have allowed us to maintain growth momentum both domestically and globally."
The financial successes of Q1 2026 exhibit e&'s commitment to fostering a sustainable shareholder value while emphasizing its role as a key driver of the region's digital economy. With technological advancements and the adoption of next-generation connectivity solutions, e& is well-positioned to innovate and enhance customer experiences through AI applications and more.
Mahmood further noted the company’s ongoing resilience against recent regional challenges. He stated, "Our excellent financial results for the first quarter of 2026 reflect the effectiveness and adaptability of our operations, aligning with our mission to ensure continuous connectivity and uninterrupted digital services to all stakeholders anytime, anywhere."
e&'s commitment to upholding its national role amid changing circumstances showcases its dedication to ensuring business continuity and supporting remote work and education systems during disruptive periods.
The Q1 results not only reaffirm e&'s sustained growth trajectory but also underscore its ambitions to remain a leading force in delivering smart solutions that will shape the future of connectivity in the region. Inspired by the visionary leadership of the United Arab Emirates, e& continues to thrive in a stable and growth-focused environment.
For media inquiries, please contact:
Nancy Sudheer**
Senior Director
Email: [email protected]
Phone: +971 50 705 5290
Topics Telecommunications）
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