e& reports 11.6% increase in consolidated revenue to AED 38.1 billion in H1 2026

• Consolidated revenue for the first half increased to AED 38.1 billion, achieving 11.6% growth YoY
• The Group's consolidated net profit reached AED 6.0 billion, growing by 2.4% YoY (excluding the gain from the sale of Khazna and the Maroc Telecom settlement in H1 2025)
• EBITDA reached AED 17.7 billion, an increase of 13.1% compared to the same period last year, with a profit margin of 46.5%
• Interim DPS of 47.5 fils, an increase of 10.5% compared to the same period last year
• Strategic portfolio reset to sharpen the focus on strengthening core businesses with the sale of stake in Vodafone at a premium to the market price, and the partial sale of 12.5% stake in Careem Technologies

ABU DHABI, UAE, July 30, 2026 /PRNewswire/ -- e& today announced its financial results for the first half of 2026 (H1 2026), delivering strong financial and business performance that reflects the Group's ability to sustain growth across its home market and international operations. This performance was driven by a clear strategy focused on core businesses, comprehensive digital transformation, and accelerating AI-powered innovation.

During the first six months of this year, e& recorded strong growth in its consolidated revenue, reaching AED 38.1 billion, representing an increase of 11.6 per cent year-on-year (YoY). Consolidated net profit reached AED 6.0 billion, marking YoY growth of 2.4 per cent, excluding the gain on the sale of Khazna and the impact of the Maroc Telecom (MT) settlement in 2025.

EBITDA in H1 2026 reached AED 17.7 billion, a YoY increase of 13.1 per cent, resulting in a strong EBITDA margin of 46.5 per cent. These financial results are supported by the continued growth of the Group's overall subscriber base, which grew by 30.4% per cent to reach 251.5 million subscribers, while the number of e& UAE subscribers reached 16.5 million, an increase of 6.4 per cent YoY.

This performance reflects growing customer demand for the Group's portfolio of innovative services and solutions, as well as its ability to meet increasing demand for advanced connectivity infrastructure and deliver differentiated, AI-enhanced digital experiences for consumers and businesses.

Following a comprehensive strategic review of the Group's international investment portfolio after the end of the second quarter, e& successfully completed the sale of its entire stake in Vodafone Group Plc. The transaction generated gross cash proceeds of AED 21.9 billion (USD 5.95 billion) and net cash return of AED 4.8 billion (equivalent to USD 1.3 billion). Similarly, e& completed the sale of 12.5 per cent of its 50.03 per cent stake in Careem Technologies to Uber for total consideration of AED 367 million (USD 100 million). 

Financial Highlights for H1 2026

	H1 2026	H1 2025	% Change	Q2 2026	Q2 2025	% Change
Consolidated Revenue (1)	38.1 billion dirhams	34.2 billion dirhams	11.6 %	19.2 billion dirhams	17.7 billion dirhams	8.7 %
Consolidated Net Profit	6.0 billion dirhams	5.9 billion dirhams (2)	2.4 %	3.1 billion dirhams	3.1 billion dirhams (2)	1.1 %
EBITDA (1)	17.7 billion dirhams	15.7 billion dirhams	13.1 %	9.0 billion dirhams	8.2 billion dirhams	9.8 %
Earnings Per Share	AED 0.69	AED 0.67 (2)	2.4 %	AED 0.36	AED 0.35 (2)	1.1 %
Total Group Subscribers	251.5 million subscribers	192.9 million subscribers (3)	30.4 %	251.5 million subscribers	192.9 million subscribers (3)	30.4 %
UAE Subscribers	16.5 million subscribers	15.5 million subscribers	6.4 %	16.5 million subscribers	15.5 million subscribers	6.4 %
(1)  Financial results of 2026 and comparative 2025 excludes Careem Technologies due to the deconsolidation after the partial sale of 12.5% stake. (2)   Q2 2025 net profit & EPS adjusted for the impact of MT settlement, while H1 2025 net profit and EPS are adjusted for the impact of MT settlement and the gain from sale of Khazna  (3)  Adjusted for Maroc Telecom reported number

H1 2026

H1 2025

% Change

Q2 2026

Q2 2025

% Change

Consolidated
Revenue ⁽¹⁾

38.1 billion
dirhams

34.2 billion
dirhams

11.6 %

19.2 billion
dirhams

17.7 billion
dirhams

8.7 %

Consolidated
Net Profit

6.0 billion
dirhams

5.9 billion
dirhams ⁽²⁾

2.4 %

3.1 billion
dirhams

3.1 billion
dirhams ⁽²⁾

1.1 %

EBITDA ⁽¹⁾

17.7 billion
dirhams

15.7 billion
dirhams

13.1 %

9.0 billion
dirhams

8.2 billion
dirhams

9.8 %

Earnings Per
Share

AED 0.69

AED 0.67
⁽²⁾

2.4 %

AED 0.36

AED 0.35
⁽²⁾

1.1 %

Total Group
Subscribers

251.5 million
subscribers

192.9
million
subscribers
⁽³⁾

30.4 %

251.5
million
subscribers

192.9
million
subscribers
⁽³⁾

30.4 %

UAE
Subscribers

16.5 million
subscribers

15.5 million
subscribers

6.4 %

16.5 million
subscribers

15.5 million
subscribers

6.4 %

⁽¹⁾  Financial results of 2026 and comparative 2025 excludes Careem Technologies due to the deconsolidation after the partial sale of 12.5% stake.

⁽²⁾   Q2 2025 net profit & EPS adjusted for the impact of MT settlement, while H1 2025 net profit and EPS are adjusted for the impact of MT settlement and
the gain from sale of Khazna 

⁽³⁾  Adjusted for Maroc Telecom reported number

Commenting on the financial results, H.E. Jassem Mohamed Bu Ataba Alzaabi, Chairman of e& Group, said: "Our results today confirm that the Group is making steady progress towards leading the digital future. We have successfully navigated regional and global challenges with agility and turned these challenges into real opportunities for business growth. 

"Our financial performance in the first half of 2026 reflects the success of our strategy, which is built on the strength of e&'s core business portfolio, alongside our continued investments in technology infrastructure and advanced digital solutions. This has provided us with a solid foundation to sustain growth and reinforce our leadership across regional and international markets, as clearly demonstrated by consolidated revenue of AED 38.1 billion in the first half of 2026.

"The ongoing and rigorous assessment of our international investments is one of the key pillars through which we maintain e&'s financial strength and ensure the highest value and returns for shareholders. The completion of the sale of our stake in Vodafone in July 2026 generated AED 21.9 billion in cash proceeds and resulted in a net cash gain of AED 4.8 billion.

"Guided by the vision and support of the UAE's wise leadership, e& will continue to play a role in shaping the digital landscape and advancing social and economic progress. We will continue to strengthen our position and explore new technological frontiers, building on solid foundations to drive long-term growth and strengthen our leadership as a trusted partner in enabling comprehensive digital transformation. We will also continue to deliver innovations that strengthen the UAE's position on the global technology map."

Masood M. Sharif Mahmood, Group Chief Executive Officer of e& Group, said: "Despite the recent regional and global challenges, e& demonstrated the strength of its operating model and its ability to adapt throughout the first half of 2026. We also achieved a consolidated net profit of AED 6.0 billion and EBITDA of AED 17.7 billion, with a strong margin of 46.5% while maintaining healthy cash flows. This financial performance was further supported by continued growth in the Group's total subscriber base, which increased by 30.4% to reach 251.5 million subscribers.

"These results are a testament to our proactive risk management, the diversification of our portfolio across telecommunications and digital businesses, and the integration of innovative AI applications, this reinforces shareholder confidence in our ability to lead the digital future.

"Our strategy for long term growth is built on our ability to strengthen and improve our operating model, ensuring it remains responsive to regional and global shifts. This enables us to deliver strong returns that reflect disciplined capital management and flexibility in capital and asset rotation. Our strong financial position allows us to capture promising opportunities and continue developing future-ready digital infrastructure.

The Group Chief Executive Officer concluded: "e&'s greatest strength lies in its ability to ensure business continuity while delivering reliable digital services enhanced by advanced AI capabilities. e& maintained service continuity, strengthened network readiness, supported remote work and education ecosystems, and provided reliable digital infrastructure for individuals, businesses, and government entities. The Group has demonstrated its ability to fulfil its national and economic role, guided by the forward-looking vision of the UAE's wise leadership."

CONTACT: Nancy Sudheer, +971 50 705 5290, email: nsudheer@eand.com

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e& reports 11.6% increase in consolidated revenue to AED 38.1 billion in H1 2026

S Brands portfolio includes leading personal care brands such as KERATINplus, AlcoPlus, DeoPlus and Empress.

HONG KONG, July 30, 2026 /PRNewswire/ -- Wipro Consumer Care International (WCCI), the FMCG division of Wipro Enterprises, announced that it has signed a definitive agreement to acquire 100% of the shareholding in S Brands Consumer Care Inc. (S Brands), a leading personal care company in the Philippines.

Mr. Nagender Arya, President East Asia, COO-International Business, Wipro Consumer Care (Third from left) and Mr. Dick Sy Ong, Founder and President of S Brands (Third from right) made an official acquisition announcement.

This is Wipro Consumer Care International's second strategic acquisition in the Philippines, following the acquisition of Splash Corporation in 2019, one of the country's most iconic personal care companies with brands such as SkinWhite, Maxi-Peel and Vitress. This acquisition further strengthens Wipro's personal care portfolio and reinforces its leadership position across Southeast Asia.

S Brands is a well-established player in the Philippine personal care market. Its portfolio includes trusted and category leading brands such as KERATINplus, the country's No. 1 hair treatment brand; AlcoPlus, one of the most trusted hygiene brands; DeoPlus, a fast-growing leader in powder deodorants; Empress, an emerging hair care brand; Grips, a leading men's grooming line; and Fiona Cologne, a leading teens' fragrance brand. Together, these brands have built strong consumer loyalty and hold leading positions in their respective categories.

Wipro Consumer Care International has a strong presence across Asia, the Middle East and Africa, operating in more than 60 markets. Its key markets include India, Malaysia, the Philippines, Vietnam, South of Mainland China region and Hong Kong SAR.

Mr. Nagender Arya, President East Asia & COO, Wipro Consumer Care International, said: "This acquisition is an important milestone in our journey to become one of Asia's leading personal care companies. As our 16^th strategic acquisition, it reinforces our long-term commitment to the Philippines following the acquisition of Splash Corporation in 2019. It also reflects our continued focus on investing in high-growth emerging markets. The Philippines is the fourth-largest personal care market in Southeast Asia, with a young and growing consumer base. It offers significant opportunities across hair care, skin care, fragrance, and hygiene. We also see strong potential to take KERATINplus and other S Brands products into new international markets."

Hong Kong and mainland China's FMCG markets hold immense growth potential and represent a core strategic focus for our business. We keep sourcing high-quality personal care brands across other markets that align with evolving consumer demands. S Brands features a distinctive brand identity, and we are delighted to introduce it to our markets. Moving forward, we will allocate additional resources to support the brand's growth.」 Mr. Nagender added.

Mr. Dick Sy Ong, Founder and President of S Brands, said: "S Brands is growing and we're ready to reach more people in more markets. Wipro has the track record and global reach to help make that happen. And with their proven R&D and innovation, we can give even more to our customers. Wipro is big, yet I see their leadership team is still grounded. They have the heart and concern for what they do, and it's in their culture to give back to communities. We believe in the same thing."

Mr. Amit Kumar Dawn, Incoming Chief Executive of S Brands, shared: "This acquisition strengthens our position in the Philippines and opens up new opportunities for growth. KERATINplus is the market-leading hair treatment brand with strong consumer loyalty, an extensive distribution network, and excellent brand equity. The addition of S Brands further strengthens the Group's overall portfolio in the Philippines, providing an even stronger platform to accelerate growth, build stronger brands, improve operational efficiencies, and create long-term value.

About Wipro Consumer Care International

Wipro Consumer Care International is the international arm of Wipro Consumer Care, one of the fastest-growing FMCG businesses with annual global revenues exceeding USD 1.2 billion. With a presence across 18 countries, the business has built a strong portfolio of 37+ leading brands marketed in 60+ countries, spanning personal care, home care, and other consumer categories. Its brands hold strong market positions across key markets, including No. 1 in Personal Care in Malaysia, No. 1 in Feminine Hygiene Wash in Indonesia, No. 1 in Clicks in South Africa, No. 1 in Talc in the Middle East. Brand portfolio includes Enchanteur, Romano and Bio-essence, which are leading brands across the Asia Pacific; Pahnli, South China's leading laundry detergent brand ; and Santoor, India's largest-selling soap brand.

With 17 manufacturing facilities, 11 R&D centers, strong local brands, consumer-led innovation, and a disciplined acquisition strategy, Wipro Consumer Care International continues to strengthen its presence across global markets. For more information, visit https://wiprocci.com/singapore/about-us/company-profile/

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Wipro Consumer Care Strengthens FMCG Leading Position in APAC Market with the Acquisition of S Brands