Emirates Telecom. Group Company PJSC Management Report for the Period Ended March 31,2026

e& group reported Q1 2026 consolidated revenue of AED 19.4 billion, a 15.1% year-over-year increase, and EBITDA of AED 8.6 billion, up 16.5% with a margin of 44.1% due to operational efficiencies in telecom verticals.
Normalized net profit rose 3.9% year-over-year to AED 2.9 billion (adjusting for a prior-year gain on the sale of Khazna), while the aggregate subscriber base grew 30.8% to 248 million, driven by the consolidation of Telenor Pakistan and growth in the UAE and Egypt.
The company announced an intended dividend of 95 fils per share for FY 2026 following the AGM's approval to increase the FY 2025 dividend to 90 fils per share.
Key strategic developments included the appointment of Masood M. Sharif Mahmood as Group CEO, Ufone’s acquisition of a 5G license in Pakistan, and e& money obtaining a UAE central bank "finance company" license to expand into lending services.