Emirates Telecommunications Group Company (EAND) CMD 2025 Presentation summary

Strategic vision and business model

• Aims to be a leading global technology group, operating independent verticals for agility and innovation, with strategic investments to accelerate global expansion and a strong partner ecosystem for sustainable growth.

• Focuses on a 4D growth strategy: double down on core telco, drive sustainability, diversify portfolio, and digitalize operations with AI and automation.

• Recent divestment of Khazna stake for $2.2B to unlock value, optimize portfolio, and strengthen financial flexibility.

Financial performance and achievements

• Achieved record 2024 revenue of AED 59.2B (+10.1% YoY), EBITDA of AED 26.45B (+1.3% YoY), and net profit of AED 10.75B (+4.3% YoY).

• Maintained strong EBITDA margin (~49%) and consistent dividend growth, with 83 fils per share in 2024.

• International operations now contribute 43% of group revenue, driven by double-digit growth and PPF Telecom acquisition.

Operational highlights and market leadership

• UAE operations delivered record revenue (AED 33.1B), highest ever mobile and fixed revenues, and world-class EBITDA margin (51%).

• Recognized as the world’s fastest mobile and 5G network, with continued investment in network leadership and digital transformation.

• Brand value increased 700% YoY, now among the top 10 most valuable global telecom brands.