DU

Emirates Integrated Telecommunications Company PJSC

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Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (AED)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	15.91B	14.64B	13.64B	12.75B	11.68B
Cost of Revenue	8.61B	7.76B	11.43B	10.49B	10.21B
Gross Profit	7.29B	6.88B	2.21B	2.26B	1.47B
SG&A	1.59B	1.56B	0.24B	0.25B	0.21B
Operating Expenses	4.08B	4.13B	0.49B	0.42B	0.37B
Operating Income	3.21B	2.75B	1.72B	1.84B	1.11B
Interest Income	74.67M	82.21M	61.33M	33.92M	27.56M
Interest Expense	-95.05M	-89.77M	-93.84M	-88.92M	-100.50M
Other Income/Expense	-0.06M	-0.12M	0.84M	1.64M	0.61M
Pretax Income	3.19B	2.73B	1.67B	1.66B	1.10B
Income Tax	287.44M	246.96M	—	440.40M	—
Net Income	2.91B	2.49B	1.67B	1.22B	1.10B
EBITDA	4.76B	4.30B	3.26B	3.34B	2.54B
EBIT	3.21B	2.75B	1.72B	1.84B	1.11B
EPS (Basic)	0.64	0.55	0.37	0.27	0.24
EPS (Diluted)	0.64	0.55	0.37	0.27	0.24
DPS	0.64	0.54	0.34	0.24	0.21
Margins & Efficiency
Gross Margin %	+45.8%	+47.0%	+16.2%	+17.7%	+12.6%
EBITDA Margin %	+29.9%	+29.4%	+23.9%	+26.2%	+21.7%
Net Margin %	+18.3%	+17.0%	+12.2%	+9.6%	+9.4%
Revenue & Income
Revenue	15.91B	14.64B	13.64B	12.75B	11.68B
Revenue as Reported	15.91B	14.64B	—	—	—
Revenue Growth (YoY)	+8.7%	+7.3%	+6.9%	+9.2%	+5.4%
Interest & Investment Income	74.67M	82.21M	61.33M	33.92M	27.56M
Earnings From Equity Investments	-0.89M	-2.43M	-2.72M	-7.91M	-5.56M
Gain (Loss) on Sale of Assets	—	—	—	—	-142.00K
Currency Exchange Gain (Loss)	4.11M	-2.34M	—	—	—
Expenses & Provisions
Cost of Revenue	8.61B	7.76B	11.43B	10.49B	10.21B
Selling, General & Admin	1.59B	1.56B	0.24B	0.25B	0.21B
Operating Expenses	4.08B	4.13B	0.49B	0.42B	0.37B
Other Operating Expenses	115.59M	159.07M	—	—	—
Interest Expense	-95.05M	-89.77M	-93.84M	-88.92M	-100.50M
Other Non Operating Income (Expenses)	-0.06M	-0.12M	0.84M	1.64M	0.61M
Legal Settlements	—	—	—	—	130.11M
Asset Writedown	—	—	-20.51M	-117.47M	-59.86M
D&A For EBITDA	1.55B	1.56B	1.54B	1.50B	1.43B
Profitability & Returns
Gross Profit	7.29B	6.88B	2.21B	2.26B	1.47B
Gross Margin	+45.8%	+47.0%	+16.2%	+17.7%	+12.6%
EBIT	3.21B	2.75B	1.72B	1.84B	1.11B
EBIT Margin	+20.2%	+18.8%	+12.6%	+14.4%	+9.5%
EBITDA	4.76B	4.30B	3.26B	3.34B	2.54B
EBITDA Margin	+29.9%	+29.4%	+23.9%	+26.2%	+21.7%
EBT Excluding Unusual Items	3.19B	2.73B	1.69B	1.78B	1.03B
Pretax Income	3.19B	2.73B	1.67B	1.66B	1.10B
Operating Income	3.21B	2.75B	1.72B	1.84B	1.11B
Operating Margin	+20.2%	+18.8%	+12.6%	+14.4%	+9.5%
Profit Margin	+18.3%	+17.0%	+12.2%	+9.6%	+9.4%
Net Income	2.91B	2.49B	1.67B	1.22B	1.10B
Net Income to Common	2.91B	2.49B	1.67B	1.22B	1.10B
Net Income Growth	+16.8%	+49.1%	+36.8%	+10.8%	-23.7%
Income Tax Expense	287.44M	246.96M	—	440.40M	—
Effective Tax Rate	+9.0%	+9.0%	—	+26.5%	—
Per Share & Capital
EPS (Basic)	0.64	0.55	0.37	0.27	0.24
EPS (Diluted)	0.64	0.55	0.37	0.27	0.24
EPS Growth	+16.8%	+49.1%	+36.8%	+10.8%	-23.7%
Dividend Per Share	0.64	0.54	0.34	0.24	0.21
Shares Outstanding (Basic)	4.53B	4.53B	4.53B	4.53B	4.53B
Shares Outstanding (Diluted)	4.53B	4.53B	4.53B	4.53B	4.53B
Dividend Growth	+18.5%	+58.8%	+41.7%	+14.3%	-25.0%
Free Cash Flow	3.19B	3.10B	2.53B	1.33B	1.16B
Free Cash Flow Margin	+20.1%	+21.2%	+18.5%	+10.5%	+9.9%
Free Cash Flow Per Share	0.70	0.68	0.56	0.29	0.26
Payout Ratio	+90.5%	+74.7%	+70.7%	+81.8%	+103.0%

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (AED)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	15.91B	14.64B	13.64B	12.75B	11.68B
Cost of Revenue	8.61B	7.76B	11.43B	10.49B	10.21B
Gross Profit	7.29B	6.88B	2.21B	2.26B	1.47B
SG&A	1.59B	1.56B	0.24B	0.25B	0.21B
Operating Expenses	4.08B	4.13B	0.49B	0.42B	0.37B
Operating Income	3.21B	2.75B	1.72B	1.84B	1.11B
Interest Income	74.67M	82.21M	61.33M	33.92M	27.56M
Interest Expense	-95.05M	-89.77M	-93.84M	-88.92M	-100.50M
Other Income/Expense	-0.06M	-0.12M	0.84M	1.64M	0.61M
Pretax Income	3.19B	2.73B	1.67B	1.66B	1.10B
Income Tax	287.44M	246.96M	—	440.40M	—
Net Income	2.91B	2.49B	1.67B	1.22B	1.10B
EBITDA	4.76B	4.30B	3.26B	3.34B	2.54B
EBIT	3.21B	2.75B	1.72B	1.84B	1.11B
EPS (Basic)	0.64	0.55	0.37	0.27	0.24
EPS (Diluted)	0.64	0.55	0.37	0.27	0.24
DPS	0.64	0.54	0.34	0.24	0.21
Margins & Efficiency
Gross Margin %	+45.8%	+47.0%	+16.2%	+17.7%	+12.6%
EBITDA Margin %	+29.9%	+29.4%	+23.9%	+26.2%	+21.7%
Net Margin %	+18.3%	+17.0%	+12.2%	+9.6%	+9.4%
Revenue & Income
Revenue	15.91B	14.64B	13.64B	12.75B	11.68B
Revenue as Reported	15.91B	14.64B	—	—	—
Revenue Growth (YoY)	+8.7%	+7.3%	+6.9%	+9.2%	+5.4%
Interest & Investment Income	74.67M	82.21M	61.33M	33.92M	27.56M
Earnings From Equity Investments	-0.89M	-2.43M	-2.72M	-7.91M	-5.56M
Gain (Loss) on Sale of Assets	—	—	—	—	-142.00K
Currency Exchange Gain (Loss)	4.11M	-2.34M	—	—	—
Expenses & Provisions
Cost of Revenue	8.61B	7.76B	11.43B	10.49B	10.21B
Selling, General & Admin	1.59B	1.56B	0.24B	0.25B	0.21B
Operating Expenses	4.08B	4.13B	0.49B	0.42B	0.37B
Other Operating Expenses	115.59M	159.07M	—	—	—
Interest Expense	-95.05M	-89.77M	-93.84M	-88.92M	-100.50M
Other Non Operating Income (Expenses)	-0.06M	-0.12M	0.84M	1.64M	0.61M
Legal Settlements	—	—	—	—	130.11M
Asset Writedown	—	—	-20.51M	-117.47M	-59.86M
D&A For EBITDA	1.55B	1.56B	1.54B	1.50B	1.43B
Profitability & Returns
Gross Profit	7.29B	6.88B	2.21B	2.26B	1.47B
Gross Margin	+45.8%	+47.0%	+16.2%	+17.7%	+12.6%
EBIT	3.21B	2.75B	1.72B	1.84B	1.11B
EBIT Margin	+20.2%	+18.8%	+12.6%	+14.4%	+9.5%
EBITDA	4.76B	4.30B	3.26B	3.34B	2.54B
EBITDA Margin	+29.9%	+29.4%	+23.9%	+26.2%	+21.7%
EBT Excluding Unusual Items	3.19B	2.73B	1.69B	1.78B	1.03B
Pretax Income	3.19B	2.73B	1.67B	1.66B	1.10B
Operating Income	3.21B	2.75B	1.72B	1.84B	1.11B
Operating Margin	+20.2%	+18.8%	+12.6%	+14.4%	+9.5%
Profit Margin	+18.3%	+17.0%	+12.2%	+9.6%	+9.4%
Net Income	2.91B	2.49B	1.67B	1.22B	1.10B
Net Income to Common	2.91B	2.49B	1.67B	1.22B	1.10B
Net Income Growth	+16.8%	+49.1%	+36.8%	+10.8%	-23.7%
Income Tax Expense	287.44M	246.96M	—	440.40M	—
Effective Tax Rate	+9.0%	+9.0%	—	+26.5%	—
Per Share & Capital
EPS (Basic)	0.64	0.55	0.37	0.27	0.24
EPS (Diluted)	0.64	0.55	0.37	0.27	0.24
EPS Growth	+16.8%	+49.1%	+36.8%	+10.8%	-23.7%
Dividend Per Share	0.64	0.54	0.34	0.24	0.21
Shares Outstanding (Basic)	4.53B	4.53B	4.53B	4.53B	4.53B
Shares Outstanding (Diluted)	4.53B	4.53B	4.53B	4.53B	4.53B
Dividend Growth	+18.5%	+58.8%	+41.7%	+14.3%	-25.0%
Free Cash Flow	3.19B	3.10B	2.53B	1.33B	1.16B
Free Cash Flow Margin	+20.1%	+21.2%	+18.5%	+10.5%	+9.9%
Free Cash Flow Per Share	0.70	0.68	0.56	0.29	0.26
Payout Ratio	+90.5%	+74.7%	+70.7%	+81.8%	+103.0%