e& in numbers: AED 72.9 billion revenue and 244.7 million subscribers in 2025

By Aisha Al Mansoori · 23 October 2026

Editorial

e& grew revenue 23% and profit about a third in 2025, with a subscriber base that grew 31%.

AED 72.9bnRevenue ($19.85bn)+23%

AED 32.0bnEBITDA+21.1%

AED 14.4bnNet profit ($3.92bn)about +33%

244.7mGroup subscribers+31.3%

16.3mUAE subscribers+8.4%

Earnings per share (AED)

2024AED 1.24

2025AED 1.65

EPS rose about 33% (our calculation).

Growth in 2025 versus 2024, %

Subscribers+31.3%

Net profit+33%

Revenue+23%

EBITDA+21.1%

UAE subscribers+8.4%

Measure	Figure	Note
EBITDA margin	About 43.9%	Our calculation: 32.0 / 72.9
Maroc Telecom	53% owned	Wikipedia; the page's percentages vary
Mobily (Saudi Arabia)	27.99%	Wikipedia
PPF Telecom Group	50.01%	Wikipedia, deal agreed in 2023 for EUR 2.2bn

Leadership at the time

Hatem Dowidar was group CEO from 2020 and announced his departure in February 2026 alongside these results; Masood M. Sharif Mahmood took over on 1 April 2026.

Sources

www.eand.com (company, checked 2026-10-23)
www.thenationalnews.com (media, checked 2026-10-23)
economymiddleeast.com (media, checked 2026-10-23)
en.wikipedia.org (other, checked 2026-10-23)

Companies in this article

e& (Etisalat)

Leadership at the time

Sources

Companies in this article

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