E& Forecasts 14.4 Billion Dirhams in Profits for 2025 with 33.6% Growth

In 2025, “E&” experienced a significant profit increase of 33.6%, reaching 14.4 billion dirhams, compared to 10.75 billion dirhams in 2024. This growth was attributed to strong operational performance and revenues generated from the sale of some company assets, resulting in earnings per share of 1.65 dirhams, up from 1.24 dirhams the previous year.

Operating profits rose by 15.8%, amounting to 23.2 billion dirhams.

The company also recorded remarkable revenue growth across all business segments, with consolidated revenues increasing by 23.1% to 72.9 billion dirhams.

The company stated: “For the UAE, the robust revenue growth is driven by operational efficiency, innovative package offerings, advanced networks, and exceptional customer experience within a healthy economic environment. The growth in the ‘E& International’ sector is primarily due to the consolidation of results from ‘Etisalat Group’ and local currency growth in both Egypt and Pakistan, along with the appreciation of the Moroccan dirham against the UAE dirham.”

Additionally, digital sectors continued to enjoy double-digit growth, fueled by rising demand for digital services.

Business

Similar news

Emirates NBD Reports Quarterly Profit of 6.4 Billion with 3% Growth

حقق بنك الإمارات دبي الوطني صافي ربح 6.4 مليارات درهم في الربع الأول من العام الجاري بنمو نسبته...

Emsteel Announces Stability in Its Prices for Steel and Construction Materials

The Emsteel Group, a leading manufacturer of steel and integrated construction materials, has announced its commitment to supporting...

Dubai Taxi Acquires 600 New Taxi License Plates

Dubai Taxi Corporation, a leader in comprehensive mobility solutions in the city, has announced its acquisition of 600...

Bank and Real Estate Stocks Boost Dubai Market at the Start of Trading

The indicators of local financial markets exhibited mixed performance at the outset of trading on Thursday. The Dubai...