Emirates Telecommunications Group Company (EAND) Q3 2025 earnings summary

Executive summary

• Achieved robust topline and bottom-line growth, with nine-month revenue at AED 53.5bn (+25.3% y/y), profit attributable to owners up 39.7% to AED 11.8bn, and EPS increasing by AED 0.39 year-over-year.

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

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

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

• Revised FY 2025 guidance upward for revenue and profitability metrics.

Financial highlights

• Q3 2025 revenue reached AED 18.6bn, up 29.2% y/y; constant currency growth at 27.4%.

• EBITDA for Q3 2025 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% y/y.

• 9M 2025 revenue totaled AED 53.5bn (+22.3% y/y); EBITDA AED 23.8bn (+14.0% y/y); net profit AED 11.8bn (+39.7% y/y).

• Operating profit for the period was AED 17,298mn (2024: AED 15,455mn).

Outlook and guidance

• FY 2025 revenue growth guidance revised to 17–20% (23–24% in constant currency).

• EBITDA margin expected at ~43%; EPS guidance at ~1.30 AED (excluding one-offs).

• Capex/revenue ratio guided at 15–16% (excluding spectrum & licenses).

• 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.