Press release regarding financial results for the 1st QTR of 2026Y

DFMDisclosureApril 22, 2026View on exchange

AI Summary

Reported Q1 2026 revenue of AED 4.1 billion (up 6.9% YoY) and a 15.5% increase in net profit to AED 0.8 billion, driven by strong performance in January and February.
Achieved an EBITDA margin of 49.5% with EBITDA reaching AED 2.0 billion, while operating free cash flow rose 14.2% to AED 1.7 billion.

Expanded the mobile subscriber base by 6.1% year-on-year to 9.7 million and the fixed subscriber base by 6.3% to 745,000, despite a slowdown in March due to regional conflict and weather conditions.

Successfully refinanced a seven-year AED 2.0 billion revolving credit facility in April 2026 on improved terms to enhance financial flexibility.

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