Aldar Breaks Ground on a Custom Designed Cold Store Facility for Emirates Snack Foods
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Al Bawaba
2 days ago
- Al Bawaba
du reports a stellar net profit expansion in Q2 2025 with a 25.1% year-over-year growth
Emirates Integrated Telecommunications Company PJSC (du) reported its financial results for the second quarter of 2025. Continuing the positive momentum established in the first quarter, our revenues increased by 8.6% year-over-year, reflecting strong performance across all business segments and solidifying our market position. EBITDA rose by 16.4% resulting in an EBITDA margin of 46.8%, a 3.1 percentage points improvement year-over-year, driven by our strategic focus on value-driven products and our disciplined cost operational excellence translated into an impressive net profit increase of 25.1%. In recognition of these strong financial results, the Board has approved an interim cash dividend of AED 0.24 per share, representing an increase of 20% year-over-year.Q2 2025 Highlights• Solid subscriber base growth with an increase of 10.8% in Mobile and 12.0% in Fixed, reflecting positive market dynamics and good level of customer acquisition• Strong market position with 8.6% revenue growth and solid performance across all business segments• Impressive bottom-line growth with EBITDA up 16.4% and margin improving by 3.1 pp to 46.8% resulting in net profit rising by 25.1%• 2025 guidance: 2025 Revenue growth of 6-8%, 2025 EBITDA margin: 45-47%• Upgraded full-year guidance supported by the strong performance achieved in the first half and highlighting confidence in the growth trajectory• Strategic investments in adjacent businesses to support future growth highlighted by:• Start of deployment of the hyperscale datacentre in partnership with Microsoft• Launch of the National Hypercloud platformMalek Al Malek, Chairman said: 'Our strong performance in the first half of 2025 reflects the effective delivery of our focused strategy, underpinned by a favourable economic environment and sustained commitment to business excellence. The Board is confident in management's customer-centric and agile approach, which reinforces du's leadership in driving innovation and adaptability. We take pride in our strategic initiatives that contribute to advance the UAE digital agenda, expanding our ICT capabilities and accelerating the digital transformation. Through partnerships with global technology leaders, we are enabling sovereign hyperscale cloud and AI services from UAE-based data centres—empowering a smarter, more connected future for the Emirates. We continue to ensure disciplined capital allocation and sustained long-term value creation for our shareholders. Reflecting our robust first-half results and continued confidence in du's future prospects, the Board has approved an interim dividend per share of 24 fils, underlining our enduring commitment to shareholder returns.'Fahad Al Hassawi, CEO commented: 'Our second quarter financial results showcased impressive performance, fuelled by the meticulous execution of our strategy and consistent growth across every aspect of our operations. We achieved double digit growth in both our Mobile and Fixed subscriber base, underscoring our market leadership and brand strength. We advanced our network coverage and enhanced our connectivity offering with the commercial rollout of 5G Advanced. Our fibre infrastructure also expanded significantly, supporting long-term demand for high-speed connectivity. We launched the UAE's first sovereign hyperscale cloud platform, the National Hypercloud, and made advances in deploying our hyperscale data centre in collaboration with Microsoft, positioning us at the forefront of secure, AI-ready digital operational achievements translated into strong financial performance underpinned by our disciplined approach to value creation and cost efficiency. The solid revenue growth of 8.6% year-over-year was coupled with strong profitability as EBITDA margins expanded by 3.1 percentage points to 46.8%, translating into a 25.1% increase in net profit. Our upgraded full-year guidance reflects the strong performance achieved in the first half of the year, our confidence in the resilience of our business model and our ability to deliver sustainable, profitable growth.'Customer base• In Q2 our Mobile customer base grew by 10.8% year-over-year, reaching 9.1 million subscribers, representing 893,000 net-additions year-over-year. Postpaid rose 9.8% year-over-year to 1.9 million customers supported by strong momentum in the enterprise segment. Prepaid grew by 11.1% to 7.3 million subscribers, reflecting the continuous success of the Alo brand among blue-collar workers and the expansion of retail presence in underserved areas, as well as a solid tourist activity.• In Q2 our Fixed customer base recorded a strong year-over-year growth of 12.0%, reaching 706,000 subscribers, with 76,000 net-additions over the past 12 months. This performance was driven by the continued success of our Home Wireless offering as well as sustained demand for fibre broadband services, reflecting our enhanced value proposition and our expanding Network. Q2 2025 Financial Highlights• Revenues surged by 8.6% year-over-year reaching AED 3.9 billion, marking strong performance across both service and non-service revenues. This strong performance underscores the continued momentum in our core business and the successful execution of our revenue diversification strategy.• Mobile revenues climbed by 7.7% year-over-year to AED 1.7 billion reflecting sustained growth in our customer base and the success of our targeted propositions and highly effective marketing campaigns. The optimized use of digital and retail channels also enhanced customer acquisition and engagement, further fuelling revenue momentum.• Fixed revenues rose by 10.1% year-over-year reaching AED 1.1 billion mainly driven by the ongoing expansion in Home Wireless and Fibre customer base. We witnessed encouraging traction in the SME segment, along with increased adoption of Office Wireless solutions-further cementing our position as a trusted partner for connectivity and productivity.• 'Other revenues' recorded an 8.8% year-over-year growth to AED 1.1 billion buoyed by higher inbound roaming and interconnection revenues—reflecting our expanded Mobile base, higher handset sale, and growth in ICT revenues in line with our strategic ambition to broaden revenue streams beyond traditional connectivity.• EBITDA grew by 16.4% to AED 1.8 billion, with the EBITDA margin improving by 3.1 points year-over-year to 46.8%. The uplift was fuelled by a stronger gross margin, mainly benefiting by a more favourable mix, with continued migration toward unlimited data plans. Our continued discipline around cost efficiency and collections also played a pivotal role in enhancing profitability.• Net Profit rose by 25.1% year-over-year to AED 727 million, delivering a Net Profit margin of 18.6%. This reflects the strength of our operational performance and a clear focus on value creation for our shareholders.• Capex reached AED 545 million (Q2 2024: AED 442 million), representing a capex intensity of 14.0% (Q2 2024 capex intensity of 12.3%). This increase reflects our commitment to scaling our data centre capabilities and supporting long-term digital infrastructure growth.• Operating free cash flow (EBITDA – Capex) rose by 13.8% to AED 1.3 billion, underpinned by strong EBITDA growth. This robust cash generation provides the financial flexibility to invest in future growth while maintaining attractive shareholder returns. Based on these results, the Board approved an interim dividend of AED 0.24 per share for the first half of the year, representing a 20% increase year-over-year and reflecting the strong financial performance and confidence in our outlook.
Al Bawaba
2 days ago
- Al Bawaba
OPPO Unveils Reno14 Series with Google Gemini Partnership in the UAE
OPPO will unveil its latest Reno14 Series in the UAE on July 31, featuring advanced AI-powered imaging and a stunning Iridescent Mermaid Design. In partnership with Google Gemini, the new lineup introduces next-generation AI capabilities to improve mobile photography and form, function, and next-level mobile creativity, the Reno14 Series introduces three new models — the Reno14 F 5G, Reno14 5G, and Reno14 Pro 5G — each designed to elevate everyday moments with OPPO's most intelligent imaging yet. The Reno14 F 5G features a 6.57-inch AMOLED display and a dual-flash camera system for close-range brilliance. The Reno14 5G includes a flagship-level 50MP 3.5x telephoto lens, offering crisp portrait and zoom shots, alongside a 6.59-inch flat display. At the top of the range, the Reno14 Pro 5G brings professional-grade photography with a triple 50MP camera setup, a 1.5K 120Hz OLED screen, and a powerful MediaTek Dimensity 8450 platform, built for users who demand more from their devices.'Our newest Reno14 Series is built to help users celebrate every moment — from spontaneous night shots to joyful gatherings — with smart imaging powered by AI Flash Photography and AI Livephoto 2.0,' said Lay Ren, President of OPPO MENA. 'Paired with a striking new design inspired by self-expression, this is more than a smartphone — it's a reflection of the vibrant lifestyle we see across the UAE.'At the heart of the Reno14 Series is AI Flash Photography, a next-gen lighting solution that transforms low-light and zoom photography. Across the lineup, OPPO introduces an industry-first dedicated focus flash, ultra-bright dual and triple flash configurations, and upgraded Flash Mode. Whether you're shooting indoors or outdoors, day or night, users can expect photos with rich detail, natural skin tones, and a striking sense of this is AI Livephoto 2.0, a hardware-level upgrade that merges short and long exposures in real time, freezing life's most dynamic scenes with clarity and fluidity. From bustling city streets to surprise birthday hugs, AI Livephoto 2.0 ensures you never miss the magic in content creators and daily storytellers, 4K HDR video and a full range of AI editing tools—including AI Perfect Shot and AI Recompose—make professional-grade photography easier than ever. Whether you're capturing a lively Eid celebration or a sunset over the desert, the Reno14 Series makes it simple to get it right, the Reno14 Series features the Iridescent Mermaid Design, OPPO's most vibrant look yet. Inspired by flowing light and shimmering textures, this unique finish is brought to life through a 12-layer Iridescent Glow Process, creating a fluid, eye-catching aesthetic for today's fashion-forward and social-savvy users in the series also features innovative productivity tools powered by the latest ColorOS 15, including AI Mind Space, which helps users stay organized, overcome language barriers, and easily record or summarize key information. Building on this seamless AI experience, OPPO has further strengthened its partnership with Google to bring Gemini to the Reno14 Series.'Our mission at OPPO is to use AI to meaningfully empower our users, which we achieve through strategic partnerships like our collaboration with Google," stated Kai Tang, President of OPPO's Software Engineering, "With the Reno14 Series, we are collaborating closely with Google to systematically integrate Google Gemini into OPPO core apps. This integration will enable users to effortlessly perform complex actions across multiple apps using simple natural language queries, significantly enhancing AI convenience."With Reno14 Series, Gemini will connect to OPPO apps and services, including OPPO Notes, Calendar, and Clock, letting you pull information and complete tasks directly in your chat. With a single prompt, users will be able to ask Gemini to work across their apps, simply by pressing and holding the side button to activate soon Gemini will support multi-app journeys to help users complete complex tasks and save time. For instance, users will be able to ask Gemini to summarize key points from a lengthy document and save the summary directly into OPPO Notes for easy access. Leveraging Gemini's powerful multimodal capabilities, users will be able to capture essential steps from recipe tutorials on YouTube, instructing Gemini to save them efficiently within OPPO schedules and daily routines will also become more intuitive. After booking travel arrangements, users will be able to ask Gemini to "add this to my OPPO Calendar," and it will automatically create an event in OPPO Calendar. Stay tuned as OPPO prepares to be your perfect companion for all your celebration moments. Pre-orders start on July 31st, coinciding with the launch event in Dubai, United Arab Emirates.
Al Bawaba
2 days ago
- Al Bawaba
Uber launches Senior Accounts and Simple Mode across the MENA region
Uber today announced the launch of Senior Accounts across the MENA region, a new feature designed to make the Uber app easier and more accessible for older adults. Whether it's heading to a doctor's appointment, visiting family, or doing grocery shopping, the new product is aimed at helping older people move around with greater ease, while offering peace of mind to their loved Accounts and Simple Mode are now rolling out across the MENA region – in the UAE, Saudi Arabia, Egypt, Qatar, Bahrain, Jordan and Lebanon. Importantly, the older adult and family organiser do not need to live in the same through Uber's Family Profiles, Senior Accounts present a streamlined version of the Uber app, featuring larger text, simplified screens, and the option for a trusted family member to offer remote support. For older adults who prefer to ride independently, Simple Mode can be switched on via the app's accessibility the introduction of Senior Accounts and Simple Mode, Uber is enhancing mobility to be more accessible and inclusive for older adults. These features reflect the company's ongoing efforts to make the Uber app a platform that works for the entire family, from teens to seniors. Building on the success of Teen Accounts, Uber is bridging another important gap in the mobility space. In the MENA region, where strong family ties and intergenerational support are a way of life, this offering will help older adults stay independent and connected, with the reassurance that loved ones are always just a tap Accounts offer a simpler way to ride, with larger text, fewer steps, and easy-to-tap buttons. Riders in the MENA region can save favourite places, use flexible payment options, and let loved ones track trips in real time. Family members can also book or manage rides remotely, making travel more accessible for older it works:● A family member sets up a Family Profile in the Uber app and invites an older adult to join as a senior.● The older adult receives a text message with a link to download the app and create their account.● Once set up, they can request trips independently or allow a family member to assist when for older adults not added to a Family Profile, Simple Mode can be enabled via the app's Accessibility settings, offering a simplified experience with full account access to public transportation for seniors being difficult sometimes in the region due to distance, frequency limitations and also high temperatures, Uber's new solution bridges this gap and supports families at every stage of life. Developed with input from older riders and accessibility advocates, these new features are part of Uber's ongoing mission to make technology more inclusive and remove barriers to mobility. The MENA region launch follows successful rollouts in the United States, Brazil, Chile, and Mexico, and underscores Uber's commitment to building technology that works for every stage of life.
