Emirates Integrated Telecommunications Company (DU) Q2 2025 earnings summary

Executive summary

• Net profit expanded by 25.1% year-over-year in Q2 2025, driven by strong operational execution and disciplined cost management.

• Revenues increased by 8.6% year-over-year in Q2 2025, with H1 2025 revenues at AED 7,750 million, up from AED 7,174 million year-over-year, reflecting robust growth across all business segments.

• Board approved an interim cash dividend of AED 0.24 per share, up 20% year-over-year, totaling AED 1,087.9 million.

• Strategic investments in hyperscale datacentres and cloud platforms support future growth.

Financial highlights

• Q2 2025 revenues reached AED 3,902 million, up 8.6% year-over-year; H1 2025 revenues at AED 7,750 million, up 8.0%.

• EBITDA grew 16.4% year-over-year to AED 1,826 million in Q2, with margin improving to 46.8%.

• Net profit rose 25.1% year-over-year to AED 727 million in Q2; H1 net profit up 22.4% to AED 1,449 million.

• Capex increased 23.1% year-over-year to AED 545 million in Q2, mainly due to data centre ramp-up.

• Operating free cash flow reached AED 1,282 million in Q2, supported by strong cash generation.

Outlook and guidance

• Upgraded full-year 2025 guidance: revenue growth of 6-8% and EBITDA margin of 45-47%.

• Focus remains on profitable growth, digitalisation, and IT transformation.

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

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