e Reports Significant Year-on-Year Growth in Consolidated Revenue and Profit for Q1 2025

e Reports Strong Q1 2025 Financial Performance



Abu Dhabi, UAE - e has successfully kicked off the year 2025 with impressive financial results, announcing a consolidated revenue of AED 16.9 billion for the first quarter, marking an 18.7% increase compared to the same quarter last year. The consolidated net profit also soared to AED 5.4 billion, reflecting a dramatic 129.9% year-on-year growth. This robust performance underscores the company's ongoing commitment to digital leadership and strategic execution.

Hatem Dowidar, Group Chief Executive Officer of e, expressed optimism surrounding the company's trajectory, stating that they continue to build a digital ecosystem that empowers businesses and governments. With the proceeds from a recent transaction involving Khazna, which totaled USD 2.2 billion, the company effectively mitigated its debt, enabling further investments into growth-oriented projects.

The company’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) reached AED 7.4 billion, a 15.4% increase from the previous year, further signifying the operational efficiency that e has achieved. During this quarter, the total subscriber base surged to 194.8 million, including 15.3 million in the UAE alone. This signals a growing demand for e’s advanced connectivity solutions and artificial intelligence-driven services.

In recognition of its rapid expansion and innovation, e was named the “World's Fastest Growing Brand” with its brand portfolio and investment value exceeding USD 20 billion. The report from Brand Finance highlighted the company’s strength with a AAA rating and a score of 84.6 in brand strength.

Strategic Developments
The successful sale of e's stake in Khazna, completed towards the end of Q1, is a pivotal step that enhances the firm’s financial robustness while unlocking value within its core business operations. As a result, e aims to optimize its asset profile to sustain long-term shareholder value. Furthermore, this deal is part of a broader strategy to enhance operational capabilities, focusing heavily on innovation across the digital landscape, including cutting-edge expansions in AI and connectivity infrastructure.

Notably, e has embarked on multiple collaborative ventures, such as forming joint partnerships with Maroc Telecom to accelerate Morocco's fiber-optic and 5G deployment. Additionally, the company has unveiled AI governance solutions in collaboration with IBM, aimed at ensuring ethical and secure AI deployment.

In the spirit of community and sustainability, e has introduced several initiatives like the AI-powered Social and Climate Platform designed to provide policymakers in the Arab States with actionable insights from real-time data. Furthermore, educational partnerships with institutions like NYU Abu Dhabi focus on bridging the gap between academia and industry, promoting research in future technologies, particularly 6G.

Innovation and Customer Experience
In line with the demand for high-speed internet connectivity, e launched new fiber plans under the Neo Home service that offer 1Gbps speeds, perfect for contemporary households. Additionally, their Kids SIM card introduces flexible plans combined with parental controls, catering to young audiences developing in a digital world.

The enterprise sector also thrives with the deployment of Microsoft 365 Copilot aimed at accelerating workplace transformation through AI. Moreover, strategic innovations like Careem money have crossed the issuance of 1 million cards, bolstering e's fintech capabilities and transforming user experiences through AI enhancements in remittances.

As e continues to explore new avenues for digital commerce innovation, partnerships with global brands, including Tencent Cloud and Amazon, are set to enhance offerings for users of their lifestyle app Smiles. As part of its corporate responsibility, e has partnered with various organizations to support community initiatives, including establishing a sustainable fund aimed at providing essential healthcare for underprivileged patients.

In summary, e's exceptional performance in Q1 2025 not only showcases its effective execution of a robust growth strategy but also illustrates its commitment to fostering an innovative, inclusive, and technologically advanced future across the regions of its operation. e stands poised to shape the digital landscape in the coming years and remains dedicated to delivering exceptional value to its stakeholders and broader communities.

Topics General Business)

【About Using Articles】

You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.

【About Links】

Links are free to use.