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Emirates Integrated Telecommunications Company (du) reported a 25.1 per cent year-on-year increase in net profit for Q2 2025, reaching Dhs727m, as strong growth across mobile, fixed and ICT services boosted the company’s bottom line.
Revenue rose by 8.6 per cent to Dhs3.9bn, while EBITDA grew by 16.4 per cent to Dhs1.83bn, lifting the earnings before interest, taxes, depreciation, and amortisation (EBITDA) margin to 46.8 per cent, up from 43.7 per cent a year earlier.
The company attributed the performance to disciplined cost management and a more favourable product mix, including increased uptake of unlimited data plans.
In light of these results, the board approved an interim cash dividend of Dhs0.24 per share, a 20 per cent increase over last year’s interim payout.
“Our second quarter financial results showcased impressive performance, fuelled by the meticulous execution of our strategy,” said CEO Fahad Al Hassawi. “The solid revenue growth was coupled with strong profitability, translating into a 25.1 per cent increase in net profit.”
du sees solid subscriber growth
The company reported a 10.8 per cent year-on-year increase in mobile subscribers, reaching 9.1m, including 893,000 net additions.
Postpaid subscriptions rose 9.8 per cent to 1.9m, while prepaid customers grew 11.1 per cent to 7.3m.
Fixed-line subscriptions rose 12 per cent year-on-year to 706,000, supported by continued demand for Home Wireless and fibre broadband services.
Segment performance
- Mobile revenues climbed 7.7 per cent to Dhs1.7bn, reflecting growth in customer base and marketing campaigns.
- Fixed revenues rose 10.1 per cent to Dhs1.1bn, driven by higher adoption in consumer and SME segments.
- Other revenues increased by 8.8 per cent to Dhs1.1bn, supported by handset sales, ICT revenues and inbound roaming.
Strategic progress
During the quarter, du launched the UAE’s first sovereign hyperscale cloud platform, the National Hypercloud, and advanced its hyperscale data centre deployment in partnership with Microsoft.
The company also rolled out 5G Advanced and expanded fibre coverage.
“We are enabling sovereign hyperscale cloud and AI services from UAE-based data centres, empowering a smarter, more connected future for the Emirates,” said chairman Malek Al Malek.
Capex and cash flow
Capital expenditure increased by 23.1 per cent to Dhs545m, reflecting investments in digital infrastructure and data centres.
Operating free cash flow rose 13.8 per cent to Dhs1.28bn.
Capital intensity rose to 14 per cent from 12.3 per cent in Q2 2024.
The company reaffirmed its 2025 full-year guidance, with revenue expected to grow 6 to 8 per cent and EBITDA margin targeted between 45 to 47 per cent.
The guidance was upgraded based on strong results and sustained growth momentum.
