Emirates Integrated Telecommunications Company (DU) Q1 2025 earnings summary

Executive summary

• Achieved strong operational and financial performance in Q1 2025, with revenue reaching AED 3,848 million, up 7.4% year-over-year, and robust growth across major business lines.

• Net profit for Q1 2025 rose 19.8%, with reported figures of AED 1,824 million and AED 722.5 million, reflecting higher EBITDA and profitability momentum.

• Revenue diversification advanced through a landmark ICT partnership and expansion in fintech and data centre activities.

• Maintained commercial momentum, increased brand value, and reinforced market position.

• The Board approved and paid a final cash dividend of AED 0.34 per share for 2024 in March 2025.

Financial highlights

• Revenues grew 7.4% year-over-year to AED 3,848 million, with mobile revenue at AED 1,720.9 million and fixed revenue at AED 1,059.6 million.

• EBITDA increased 8.5% to AED 2,780 million, with margin improving to 47.4%.

• Net profit rose 19.8%, with reported figures of AED 1,824 million and AED 722.5 million.

• Operating free cash flow up 17.9% to AED 1,447 million; cash and cash equivalents at AED 2,686 million as of March 31, 2025.

• Basic and diluted EPS for the quarter was AED 0.16, compared to AED 0.13 in Q1 2024.

Outlook and guidance

• 2025 guidance reaffirmed: revenue growth targeted at 5-7% year-over-year and EBITDA margin expected above 2024’s 44.2%.

• Management notes that Q1 results may not be indicative of full-year 2025 performance.

• The Group is assessing the impact of new IFRS standards and expects further changes in financial reporting.

• Focus remains on profitable growth, digitalization, IT transformation, and value creation for shareholders.