25/02/2026 06:58 AST
e& has delivered record financial performance in 2025, reporting consolidated revenues of AED72.9 billion, an increase of 23.1 per cent year-over-year (YoY) from AED59.2 billion.
Consolidated net profits grew to AED14.4 billion ($3.92 billion) from AED10.8 billion, increasing 33.6 per cent, driven by progress across its business verticals. Consolidated EBITDA rose by 21.1 per cent YoY, reaching AED32.0 billion.
e& UAE continued its solid performance, with its subscriber base surpassing 16.3 million, representing an increase of 8.4 per cent compared to the previous year. The group's total subscriber base grew to 244.7 million, marking a 31.3 per cent growth compared to 2024.
Earnings per share was AED1.65, compared to AED1.24, a 33.6% growth.
For FY 2025, the board has proposed a cash dividend of 47 fils per share for the second half (July to December) of 2025, bringing the total annual dividend to 90 fils per share. The board has also announced that the total annual dividend will increase in 2026 to reach 95 fils per share-further highlighting e&'s commitment to delivering added value to its shareholders.
Group CEO steps down
e& also announced that its Group Chief Executive Officer Hatem Dowidar has decided to step down from his position after 6 years in the role. The Board of Directors has accepted his resignation, with his last day in service to be March 31.
Dowidar has led e& since 2020, steering the organisation through a period of significant transformation and international expansion. Under his leadership, e& accelerated its strategic evolution from a regional telecommunications operator into a global technology and group, strengthening its footprint across the Middle East, Africa, Asia and Europe, and advancing its digital, fintech, enterprise and digital lifestyle verticals. During his tenure, the group delivered record financial performance and reinforced its position as one of the world's leading technology and telecom brands, the group said.
The Board of Directors has appointed Masood M Sharif Mahmood, who has been serving as Chief Executive Officer of e& UAE since 2021, as successor to assume the roles of both - Group Chief Executive Officer of e& and Chief Executive Officer - UAE - effective April 1.
Success of global strategy
Jassem Mohamed Bu Ataba Alzaabi, Chairman of e&, said: "e&'s record 2025 results reflect the continued success of our strategy to evolve into a global technology group anchored by strong business pillars and disciplined execution. We are redefining the future of connectivity and enabling new possibilities across enterprise solutions, fintech and digital platforms.
"On behalf of the Board, I extend our sincere appreciation to Hatem for his leadership and the significant progress achieved during his tenure. He has played a key role in advancing e&'s transformation and strengthening long-term shareholder value, and we wish him every success in his future endeavours."
Dowidar said: "It has been an honour to lead e& during a defining chapter in its history. I am proud of what we have accomplished together, transforming our business, expanding internationally, and building new growth engines for the future. The record results achieved in 2025 reflect the strength of our strategy, the resilience of our operating model, and the dedication of our people."
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