Emirates Telecommunications Group, or e&, made record profits in 2025, helped by a deal in Morocco between Maroc Telecom and Inwi.
The company’s net profit for shareholders jumped to 14.36 billion dirhams, up from 10.75 billion the year before. Earnings per share were 1.65 dirhams, beating the target of 1.62, compared with 1.24 dirhams in 2024.
Revenue also rose, reaching 72.86 billion dirhams, up from 59.20 billion. Telecom services grew 22.3%, while the company’s digital businesses went up 25.3%.
In the UAE, e&’s local operations earned 34.71 billion dirhams, up nearly 5%. Its international business, including Maroc Telecom Group and e& PPF Telecom, grew almost 49% to 32.41 billion dirhams. Other units, e& Enterprise and e& Life, brought in 3.56 billion and 2.62 billion dirhams, up 22% and 31% respectively.
The board plans to pay a final dividend of 0.47 dirhams per share for the second half of 2025, up from 0.415 last year. Total dividends for the year would reach 0.90 dirhams per share, an 8% rise. The company expects 0.95 dirhams per share for 2026.
Chairman Jassem Alzaabi said the results show the company is making progress in becoming a global tech group, thanks to strong foundations and careful management.
The update comes as CEO Hatem Dowidar prepares to step down after more than 10 years at the company, including six as chief executive. Masood Sharif will take over on 1 April while continuing to lead e& UAE.
Shares dipped slightly in morning trading.
