Emirates Telecommunications Group Company (EAND) Q3 2025 earnings summary

Executive summary

• Achieved robust topline and bottom-line growth in Q3 2025, driven by strategic partnerships, network investments, digital expansion, and successful consolidation of e & PPF Telecom.

• Aggregate subscriber base reached 202.2 million, up 14.0% year over year, reflecting acquisition strategies.

• Net assets increased by AED 7,529 million to AED 61,450 million compared to 31 December 2024.

• Capital expenditure for the period was AED 8,931 million, up from AED 5,257 million in the prior year period.

• Final and interim dividends totaling AED 0.845 per share were declared and paid/approved during the period.

Financial highlights

• Q3 2025 revenue reached AED 18.6bn, up 29.2% year-over-year; constant currency growth at 27.4%.

• 9M 2025 revenue totaled AED 53.5bn (+25.3% y/y); EBITDA AED 23.8bn (+22.3% y/y); net profit AED 11.8bn (+39.7% y/y).

• Q3 2025 EBITDA was AED 8.4bn, with a consolidated margin of 45%.

• Net profit for Q3 2025 stood at AED 3.0bn; EPS at 34 fils, up 0.8% year-over-year.

• Interim dividend per share of 43 fils declared.

Outlook and guidance

• FY 2025 revenue growth guidance revised to 23–24% (previously 17–20%); EBITDA margin expected at 43–44%; capex/revenue ratio guided at 15–16%.

• EPS guidance at ~1.30 AED (excluding one-offs).

• The group continues its transformation to a global technology group, aiming for a more balanced geographic and vertical revenue profile.

• No items of seasonal or cyclical nature affected interim operations.