e& reports AED 19.4 billion consolidated revenue, with 15.1% YoY growth in Q1 2026

• "e& continues to deliver growth, with consolidated revenues of AED 19.4 billion and EBITDA of AED 8.6 billion, marking year-on-year increases of 15.1% and 16.5%," says GCEO Masood M. Sharif Mahmood
• Consolidated net profit reached AED 2.9 billion, with 3.9%^* per cent YoY growth _{*excluding the gain from the sale of Khazna in Q1 2025}
• Consolidated Group subscribers reached 248.0 million
• e& UAE subscribers increased to 16.6 million

ABU DHABI, UAE, April 29, 2026 /PRNewswire/ -- e& reported a strong start to 2026, with robust Q1 financial results, asserting the Group's leadership in shaping the digital landscape and consolidating its position as a leading global group. 

The Group's consolidated revenue reached AED 19.4 billion, reflecting 15.1 per cent year-on-year (YoY) growth, while consolidated net profit reached AED 2.9 billion, with 3.9 per cent YoY growth (excluding the gain from the sale of Khazna). EBITDA grew by 16.5 per cent YoY, reaching AED 8.6 billion.

The Group's subscriber base maintained its upward trajectory with a 30.8 per cent YoY growth, reaching 248.0 million subscribers. In its home market, e& UAE maintained its strong performance, with its subscriber base reaching 16.6 million, supported by the adoption of next-generation connectivity solutions and AI applications, which are now a vital part of customer experience.

Financial Highlights for Q1 2026

	Q1 2026	Q1 2025	Per cent 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 Group Subscribers	248.0 million	189.6 million (**)	30.8 %
e& UAE Subscribers	16.6 million	15.3 million	8.7 %

(*) Q1 2025 net profit excluding the gain from the sale of Khazna of total AED 2.6bn

(**) Adjusted for Maroc Telecom reported number

Masood M. Sharif Mahmood, Group Chief Executive Officer of e&, said: "Despite economic and regional changes, our agile business model has proven e&'s inherent strength and great ability to navigate challenges. Our proactive risk-preparedness approach and international diversification have enabled us to maintain our growth momentum in our home market and internationally; a testament to e&'s agility and resilience in operating under adverse circumstances.

Today, we stand firmly on a solid foundation with a strong track record that gives us full confidence in e&'s ability to continue its upward trajectory. Throughout recent regional challenges, e& remained steadfast in fulfilling its national role by enabling business continuity, ensuring network resilience, supporting remote work and education systems, and harnessing our technological capabilities to guarantee seamless connectivity and uninterrupted digital services for all and under different circumstances.

Our strong financial performance in the first quarter of 2026 reflects the success and resilience of our operations, underpinned by our commitment to creating sustainable shareholder value. We continued to deliver growth, with consolidated revenues of AED 19.4 billion and EBITDA of AED 8.6 billion, marking year-on-year increases of 15.1% and 16.5% respectively. This performance reinforces our position as a driving force in the region's digital economy and a leading enabler of future-defining intelligent solutions.

We remain deeply inspired by the UAE's visionary leadership, which has fostered a stable, growth-oriented environment while remaining agile and resilient in even the most challenging circumstances, enabling us to thrive and strive for more with confidence to keep delivering continuous success."

Media contact:  
Nancy Sudheer
Senior Manager
nsudheer@eand.com  
+971 50 705 5290

ABU DHABI, UAE, April 29, 2026 /PRNewswire/ -- e& reported a strong start to 2026, with robust Q1 financial results, asserting the Group's leadership in shaping the digital landscape and consolidating its position as a leading global group. 

The Group's consolidated revenue reached AED 19.4 billion, reflecting 15.1 per cent year-on-year (YoY) growth, while consolidated net profit reached AED 2.9 billion, with 3.9 per cent YoY growth (excluding the gain from the sale of Khazna). EBITDA grew by 16.5 per cent YoY, reaching AED 8.6 billion.

The Group's subscriber base maintained its upward trajectory with a 30.8 per cent YoY growth, reaching 248.0 million subscribers. In its home market, e& UAE maintained its strong performance, with its subscriber base reaching 16.6 million, supported by the adoption of next-generation connectivity solutions and AI applications, which are now a vital part of customer experience.

Financial Highlights for Q1 2026

	Q1 2026	Q1 2025	Per cent 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 Group Subscribers	248.0 million	189.6 million (**)	30.8 %
e& UAE Subscribers	16.6 million	15.3 million	8.7 %

Q1 2026

Q1 2025

Per cent 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 Group Subscribers

248.0 million

189.6 million (**)

30.8 %

e& UAE Subscribers

16.6 million

15.3 million

8.7 %

(*) Q1 2025 net profit excluding the gain from the sale of Khazna of total AED 2.6bn

(**) Adjusted for Maroc Telecom reported number

Masood M. Sharif Mahmood, Group Chief Executive Officer of e&, said: "Despite economic and regional changes, our agile business model has proven e&'s inherent strength and great ability to navigate challenges. Our proactive risk-preparedness approach and international diversification have enabled us to maintain our growth momentum in our home market and internationally; a testament to e&'s agility and resilience in operating under adverse circumstances.

Today, we stand firmly on a solid foundation with a strong track record that gives us full confidence in e&'s ability to continue its upward trajectory. Throughout recent regional challenges, e& remained steadfast in fulfilling its national role by enabling business continuity, ensuring network resilience, supporting remote work and education systems, and harnessing our technological capabilities to guarantee seamless connectivity and uninterrupted digital services for all and under different circumstances.

Our strong financial performance in the first quarter of 2026 reflects the success and resilience of our operations, underpinned by our commitment to creating sustainable shareholder value. We continued to deliver growth, with consolidated revenues of AED 19.4 billion and EBITDA of AED 8.6 billion, marking year-on-year increases of 15.1% and 16.5% respectively. This performance reinforces our position as a driving force in the region's digital economy and a leading enabler of future-defining intelligent solutions.

We remain deeply inspired by the UAE's visionary leadership, which has fostered a stable, growth-oriented environment while remaining agile and resilient in even the most challenging circumstances, enabling us to thrive and strive for more with confidence to keep delivering continuous success."

Media contact:  
Nancy Sudheer
Senior Manager
nsudheer@eand.com  
+971 50 705 5290

** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **

e& reports AED 19.4 billion consolidated revenue, with 15.1% YoY growth in Q1 2026

NINGBO, China, April 9, 2026 /PRNewswire/ -- The Shanghai Cooperation Organization's (SCO) Green and Sustainable Development Forum was held in Ningbo, Zhejiang province, April 28–30. At this international event focused on green, low–carbon transition, Ningbo showcased concrete examples of harmonious coexistence between people and nature.

 

An abandoned quarry has been converted into an international racetrack, whose engine roars have stimulated a growing cultural and tourism sector. A once–barren "firewood trail" has been upgraded into a national mountaineering route, spawning distinctive local industries now known as the "Hometown of China's Sports Walking Sticks" and the "Capital of China's Flashlights." Ningbo continues to advance its "Eco+" integration model, turning ecological assets into industrial momentum, development potential and measurable gains in shared prosperity. The city has developed a practical path for realizing the value of lucid waters and lush mountains, offering a replicable "Ningbo model" for green, low–carbon urban transformation worldwide.

In Beilun, more than 500 species have been recorded, and the district has been designated a UN "Biodiversity Charming City." From the revitalized Meishan Bay in Beilun to the misty expanse of Dongqian Lake in Yinzhou and the historic allure of Moon Lake in Haishu, local authorities are using the "golden key" of ecological governance to revive dormant green mountains and clear waters. Notably, Ningbo's ecological governance goes beyond mountain repair and water treatment: it integrates "Eco+" development from the source through unified planning and coordinated implementation—protecting ecological foundations while preserving space for industry. This forward–looking approach has produced a win–win outcome for ecology and development; along Meishan Bay's shore, cultural tourism and leisure industries have rapidly clustered, receiving more than 2 million visitors annually.

In Fenghua, the "Common Prosperity Studio" initiative has built a full–chain platform integrating "5G + IoT + Agriculture," and introduced a model that combines village–collective fixed–rent leasing, professional enterprise operation and flexible farmer participation. In Yuyao, Hemudu pioneered China's first ecological integrated farming of breeding soft–shelled turtles in water oat fields, balancing ecological protection, food security and farmers' income growth. Zhenhai Refining & Chemical has established China's first "Zero–Waste Petrochemical Base," recognized as a national model case of a "Zero–Waste Industrial Park."

Leveraging its mountain and sea resources, Ningbo has deepened chain–based integration of "Ecology + Cultural Tourism + Sports + Manufacturing," continuously converting ecological value into tangible benefits for residents. Ninghai has transformed abandoned ancient paths into a 500–km national mountaineering trail and established a national sports–industry demonstration base. Xiangshan has used the Asian Games to invigorate coastal tourism and open channels for converting marine ecological value. Yinzhou and Haishu have developed biodiversity–friendly districts and townships, fostering new sectors such as educational tourism and cultural–creative industries.

To ensure green development proceeds steadily and sustainably, Ningbo is building a multi–stakeholder governance system that includes government, enterprises and the public. Ninghai has pioneered a "Soil and Forestland Bank," using financial instruments to unlock the value of forestry resources. Yinzhou, Cixi and other areas have mobilized broad public participation in ecological protection, creating a co–construction and shared–benefits model that supports ongoing ecological value realization.

NINGBO, China, April 9, 2026 /PRNewswire/ -- The Shanghai Cooperation Organization's (SCO) Green and Sustainable Development Forum was held in Ningbo, Zhejiang province, April 28–30. At this international event focused on green, low–carbon transition, Ningbo showcased concrete examples of harmonious coexistence between people and nature.

 

An abandoned quarry has been converted into an international racetrack, whose engine roars have stimulated a growing cultural and tourism sector. A once–barren "firewood trail" has been upgraded into a national mountaineering route, spawning distinctive local industries now known as the "Hometown of China's Sports Walking Sticks" and the "Capital of China's Flashlights." Ningbo continues to advance its "Eco+" integration model, turning ecological assets into industrial momentum, development potential and measurable gains in shared prosperity. The city has developed a practical path for realizing the value of lucid waters and lush mountains, offering a replicable "Ningbo model" for green, low–carbon urban transformation worldwide.

In Beilun, more than 500 species have been recorded, and the district has been designated a UN "Biodiversity Charming City." From the revitalized Meishan Bay in Beilun to the misty expanse of Dongqian Lake in Yinzhou and the historic allure of Moon Lake in Haishu, local authorities are using the "golden key" of ecological governance to revive dormant green mountains and clear waters. Notably, Ningbo's ecological governance goes beyond mountain repair and water treatment: it integrates "Eco+" development from the source through unified planning and coordinated implementation—protecting ecological foundations while preserving space for industry. This forward–looking approach has produced a win–win outcome for ecology and development; along Meishan Bay's shore, cultural tourism and leisure industries have rapidly clustered, receiving more than 2 million visitors annually.

In Fenghua, the "Common Prosperity Studio" initiative has built a full–chain platform integrating "5G + IoT + Agriculture," and introduced a model that combines village–collective fixed–rent leasing, professional enterprise operation and flexible farmer participation. In Yuyao, Hemudu pioneered China's first ecological integrated farming of breeding soft–shelled turtles in water oat fields, balancing ecological protection, food security and farmers' income growth. Zhenhai Refining & Chemical has established China's first "Zero–Waste Petrochemical Base," recognized as a national model case of a "Zero–Waste Industrial Park."

Leveraging its mountain and sea resources, Ningbo has deepened chain–based integration of "Ecology + Cultural Tourism + Sports + Manufacturing," continuously converting ecological value into tangible benefits for residents. Ninghai has transformed abandoned ancient paths into a 500–km national mountaineering trail and established a national sports–industry demonstration base. Xiangshan has used the Asian Games to invigorate coastal tourism and open channels for converting marine ecological value. Yinzhou and Haishu have developed biodiversity–friendly districts and townships, fostering new sectors such as educational tourism and cultural–creative industries.

To ensure green development proceeds steadily and sustainably, Ningbo is building a multi–stakeholder governance system that includes government, enterprises and the public. Ninghai has pioneered a "Soil and Forestland Bank," using financial instruments to unlock the value of forestry resources. Yinzhou, Cixi and other areas have mobilized broad public participation in ecological protection, creating a co–construction and shared–benefits model that supports ongoing ecological value realization.

** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **

Ningbo's "Eco+" Integration Practice showcased at SCO forum