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Etihad Etisalat (7020) investor relations material
Etihad Etisalat Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
9M-26 revenue rose 5.1% to 15.2bn, net income grew 7.7% to 2.7bn, and EBITDA increased 6.6% to 5.9bn.
Q3-26 revenue increased 4.5% YoY to 5,068mn; net income rose 1.0% to 925mn and EBITDA grew 1.6% to 2,001mn.
Financial highlights
Q3-26 gross profit was 2,824mn, up 4.9% YoY; gross margin was 55.7% versus 55.5%.
Q3-26 revenue was 1.6% below analyst consensus; EBITDA was 0.6% above consensus and net income was 2.7% above.
Outlook and guidance
FY 2026 guidance: mid- to high-single-digit revenue growth, EBITDA margin of 37–38%, net debt/EBITDA of 0.9–1.0x, and CAPEX/revenue of 18–20%.
- Strong Q2-24 growth in revenue, net income, and digital leadership, with reduced debt.7020
Q2 2024 - Q3-24 delivered robust revenue and profit growth, with margin expansion and lower net debt.7020
Q3 2024 - Record revenue, profit, and debt reduction driven by robust segment growth and digital investment.7020
Q4 2024 - Net income rose 20.2% on 5.1% revenue growth, with CAPEX surging for 5G expansion.7020
Q1 2025 - Double-digit growth in revenue and net income, with improved margins and strong ESG leadership.7020
Q2 2025 - Q3 2025 delivered strong revenue and net income growth, supported by network investments.7020
Q3 2025 - Record financial results and major digital investments set the stage for continued growth.7020
Q4 2025 - Q1 2026 saw double-digit net income growth, margin expansion, and record subscriber gains.7020
Q1 2026 - Q2 2026 saw robust revenue, profit, and subscriber growth, with improved margins and higher dividends.7020
Q2 2026
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