e& Q1 2026 earnings showed consolidated revenue of AED 19.4 billion, reflecting 15.1 percent year-on-year growth, the telecommunications and technology group said on April 28, 2026. Consolidated net profit reached AED 2.9 billion, up 3.9 percent compared to the same period last year when excluding the gain from the Khazna asset sale.
EBITDA climbed to AED 8.6 billion, marking 16.5 percent annual growth. The group’s subscriber base expanded significantly, reaching 248.0 million across all markets, up 30.8 percent from the prior year. In the UAE home market, e& UAE subscribers increased to 16.6 million, supported by next-generation connectivity solutions and artificial intelligence applications now integrated into customer experience.
Financial Performance Across Key Metrics
The first quarter results underscore the company’s operational strength despite regional economic pressures. Revenue growth of 15.1 percent combined with EBITDA expansion of 16.5 percent reflects execution across the group’s diversified portfolio. Subscriber growth of 30.8 percent demonstrates market traction in both home and international operations.
The group maintained operational focus on telecommunications infrastructure resilience and digital service delivery throughout the quarter. Customer adoption of advanced connectivity and AI-based services accelerated subscriber engagement metrics across the UAE operations.
Group Leadership Commentary on Results
Masood M. Sharif Mahmood, Group Chief Executive Officer, said the financial results validate the company’s business model flexibility and international diversification strategy. “Our agile business model has proven e&’s inherent strength and ability to navigate challenges,” he stated.
“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. This performance reinforces our position as a driving force in the region’s digital economy and a leading enabler of future-defining intelligent solutions.”
Masood M. Sharif Mahmood, Group Chief Executive Officer, e&
Operational Continuity During Regional Challenges
The CEO emphasized the group’s role in maintaining business continuity and network stability during recent regional disruptions. Throughout the period, e& prioritized remote work infrastructure, education system support, and seamless connectivity across its operating footprint.
Risk management preparedness and business continuity protocols enabled the group to sustain growth momentum across multiple geographic markets. The company’s technological infrastructure proved resilient under adverse operating conditions, supporting both enterprise clients and consumer subscribers without service interruptions.
Strategic Outlook and Shareholder Value
The group expressed confidence in sustaining its growth trajectory through continued operational agility. Leadership highlighted the positive impact of the UAE’s regulatory environment and economic policies supporting digital transformation initiatives across the region.
e& remains positioned as a central enabler of the region’s digital economy expansion, with growth underpinned by subscriber gains, revenue acceleration, and improved profit margins. Future quarters will focus on maintaining momentum through advanced connectivity deployments and intelligent solution offerings to enterprise and consumer segments.
