Press release regarding financial results for the 2nd QTR of 2026

du reported a 12.6% year-on-year increase in net profit for the first half of 2026 to AED 1.63 billion, supported by the Board's approval of an interim cash dividend of AED 0.26 per share (up 8.3% YoY). For the second quarter, net profit rose 9.8% to AED 798 million, driven by resilient service revenues despite a challenging operating environment and regional tensions.
Total revenue for Q2 2026 grew 4.6% to AED 4.1 billion, underpinned by an 11.6% surge in fixed revenues from enterprise connectivity and "Home Wireless" products. While the postpaid mobile segment expanded by 9.0%, the prepaid base saw a 0.4% decline, which management attributed to a significant drop in tourism activity during the quarter.
EBITDA for the second quarter increased 9.2% to AED 2.0 billion, resulting in a margin expansion of 200 basis points to 48.8%. This profitability growth was fueled by a stronger gross margin from an improved product mix and disciplined cost optimization measures to offset softer monetization trends.
Capital expenditure rose 19.8% in Q2 to AED 653 million as the company accelerated data center projects and infrastructure for a partnership with a global hyperscaler. Additiona