Emirates Telecommunications Group Company (EAND) investor relations material

Executive summary

• Achieved record revenue of AED 72.9 billion and net profit of AED 14.4 billion for FY 2025, driven by strategic acquisitions, digital expansion, and operational efficiency.

• Major acquisitions included Telenor Pakistan and SBB in Serbia, expanding international presence and subscriber base to 244.7 million, up 31.3% year-over-year.

• Divested 40% stake in Khazna Data Center Holdings for AED 8.0 billion, recognizing a significant gain.

• Launched UAE sovereign cloud platform with AWS and introduced the country's first PayPal-linked digital wallet.

• Leadership transition with Masood M. Sharif appointed Group CEO, succeeding Hatem Dowidar.

Financial highlights

• FY 2025 revenue reached AED 72.9 billion, up 23.1% year-over-year; Q4 revenue was AED 19.3 billion, up 17.3% year-over-year.

• Net profit for FY 2025 was AED 14.4 billion, up 33.6% year-over-year; Q4 net profit was AED 2.5 billion, up 11% year-over-year.

• EBITDA for FY 2025 was AED 32.0 billion, up 21.1% year-over-year, with a consolidated margin of 44%.

• Earnings per share for FY 2025 was 1.65; adjusted EPS (excl. one-offs) was 1.31.

• Dividends per share for FY 2025 increased to 90 fils, with a proposed final dividend of 47 fils.

Outlook and guidance

• FY 2025 results met or exceeded guidance for revenue, EBITDA margin, and EPS.

• FY 2026 guidance targets 8–10% revenue growth, 4–5% EBITDA growth, and EPS of ~1.35 AED.

• CAPEX/revenue ratio expected to rise to 16–17% in FY 2026.

• Board recommends increasing dividend per share to 95 fils for FY 2026.

• Expected revenue from unsatisfied performance obligations stands at AED 15.7 billion, indicating a strong pipeline.