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e& reports 29% surge in Q3 revenue to Dh18.6 billion

Group posts 39.7% profit growth to Dh11.8b in nine months, driven by AI

Last updated: October 29, 2025 | 11:18

Nivetha Dayanand, Assistant Business Editor

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For the first nine months, EBITDA stood at Dh23.8 billion, up 22.3% with a margin of 44.4%.

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Dubai: e& has reported consolidated revenue of Dh18.6 billion ($5.06 billion) for the third quarter of 2025, a 29.2% surge from a year earlier, reflecting the group’s strong digital expansion and continued growth across business verticals.

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For the first nine months of 2025, consolidated revenue rose 25.3% year-on-year to Dh53.5 billion ($14.57 billion), supported by steady momentum in the group’s technology and connectivity operations. Net profit for the quarter reached Dh3 billion ($816.88 million), bringing total profit for the nine-month period to Dh11.8 billion, up 39.7% year-on-year.

Earnings before interest, tax, depreciation and amortisation (EBITDA) climbed 29.2% year-on-year in Q3 to Dh8.4 billion, maintaining a margin of 45%. For the first nine months, EBITDA stood at Dh23.8 billion, up 22.3% with a margin of 44.4%. The group’s total subscriber base reached 202.2 million in the third quarter, marking a 14% annual increase. In the UAE, subscribers grew 6.9% year-on-year to 15.7 million, driven by rising demand for advanced digital services and intelligent connectivity.

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“Across our verticals, we are delivering strong growth while investing in next-generation digital infrastructure, AI capabilities, and partnerships,” said Hatem Dowidar, Group CEO of e&. “This is the outcome of a deliberate strategy to build long-term advantages through talent, capabilities, and infrastructure that creates lasting value for our customers and shareholders.”

Dowidar said the company continues to play a vital role in advancing the UAE’s digital leadership while expanding its international footprint. “From launching the region’s first 5.5G network to empowering new Emirati talent, we strengthened both our competitiveness and our contribution to the UAE’s knowledge-based economy,” he said.

Nivetha DayanandAssistant Business Editor

Nivetha Dayanand is Assistant Business Editor at Gulf News, covering aviation, financial markets and commodities. A business and financial journalist with a strong interest in multimedia storytelling, she regularly takes complex financial and economic subjects beyond the written word, producing explainer videos that make them easier for a wider audience to understand. Nivetha has interviewed senior policymakers, business leaders and global financial figures both on and off camera. Her past guests include UAE Minister of Economy and Tourism Abdulla bin Touq Al Marri, Khaled bin Alwaleed Al Saud, a member of the House of Saud and the founder and CEO of KBW Ventures, Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund and Indian ministers Hardeep Singh Puri and N. Chandrababu Naidu. She has also hosted and moderated panels, conferences and awards shows, bringing her newsroom experience to live conversations on business, finance and the economy. An Erasmus Mundus journalism alum, Nivetha is drawn to stories that affect people directly and to reporting that gives a platform to voices that might otherwise go unheard. She was among the first journalists to speak to Petrofac employees in the UAE about unpaid salaries, broke the news of the planned demolition of Dubai’s well-known “Toyota Building”, and helped set the record straight on widely circulated claims that a giant replica of the Moon was coming to Dubai. More recently, her exclusive interview with EDGE Group CEO Hamad Al Marar revealed how the UAE-based defence group deployed its systems along the country’s shore border and established a geofence around the UAE within 48 hours of the February 28 escalation. Prior to joining Gulf News, Nivetha worked at ITP Media, where she helped launch Finance Middle East, a new publication covering the region’s financial sector. Her role spanned reporting and editing, video production, interviews and events. Across print, digital, and video, she focuses on finding the people behind business stories and explaining why those stories matter to the audience reading or watching them.

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