e& Posts Strong Q1 as Revenue and Profit Surge Amid Global Tech Push
In its Q1 2025 results, the group reported consolidated revenue of AED 16.9 billion, marking an 18.7% year-on-year increase. Net profit soared to AED 5.4 billion — a 129.9% jump compared to the same period last year. EBITDA stood at AED 7.4 billion, up 15.4% year-on-year.
The UAE-based tech and telecom giant also saw its global subscriber base climb to 194.8 million, a 12.9% increase, with 15.3 million subscribers in the UAE alone. The growth highlights strong demand for its 5G networks, AI-powered solutions, and digital services across markets.
Group CEO Hatem Dowidar said the results reflect 'disciplined execution and dedicated customer focus,' crediting the company's ability to innovate, scale, and deliver across a competitive global landscape.
Dowidar pointed to key milestones, including e&'s investment in PPF Telecom at the end of 2024 and the monetisation of its stake in Khazna Data Centres in March, as strategic moves that underscore the group's ambition to build a digital ecosystem spanning three continents.
He added that e& is not only delivering strong financials but also shaping the digital future by leveraging AI, expanding network infrastructure, and creating long-term value for shareholders.
The strong Q1 performance sets a confident tone for the rest of the year as e& continues to evolve from a telecom operator into a diversified global tech player.
News Source: Emirates News Agency
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Khaleej Times
3 minutes ago
- Khaleej Times
UAE: Used AI to create cartoon avatars? You may be risking data theft, deepfakes
Have you uploaded your photo to an AI app to get a cute cartoon version of yourself? You might want to think twice — an authority in Abu Dhabi issued a warning on Monday about serious privacy risks that go beyond the fun. The Department of Government Enablement-Abu Dhabi has alerted the publich of concerns around the growing popularity of AI-powered applications that transform personal photos into cartoon characters or digital avatars, cautioning that many users are unknowingly exposing sensitive biometric data. In a statement posted through X, the authority highlighted that while uploading such images may seem harmless, it can pose serious privacy and security risks, as this data could be misused for commercial exploitation or malicious purposes, including identity theft and fraud. Stay up to date with the latest news. Follow KT on WhatsApp Channels. The department also shared a video addressing the risks associated with these applications. By using just one photo, users have trained AI to recognise and use their face. The video further warned about potential misuses of personal images, including the creation of fake accounts, fraudulent schemes, and deepfake videos emphasising that users are not just sharing a photo but giving away their biometric identity. 3 tips To help users protect their privacy, the Department provided several recommendations: Delete unnecessary apps and photos you previously uploaded on AI apps Limit app permissions, and block full access Share knowledge among your family and friends to raise awareness on the underlying risks Earlier this year, cybersecurity experts raised similar concerns about the viral Ghibli trend that transformed personal photos into Studio Ghibli-inspired avatars. Nicolai Solling, Chief Technology Officer at Help AG, warned that when creating such avatars, users often upload photos that capture detailed facial features, which can include biometric data that is irreplaceable if compromised. 'The use of these avatars introduces significant risks, primarily related to personal data,' Solling had said. He pointed out that uploaded images may contain hidden metadata, such as device details and location, which could inadvertently expose sensitive information about the user's whereabouts. Many AI-driven platforms utilise user-uploaded data to enhance their algorithms, and unless users are paying for the service, their images, including facial data, may be used to train AI models, raising serious concerns about data ownership and privacy. Social media experts also highlighted the surge in user engagement driven by AI-generated avatars, emphasising that while these avatars allow for creativity and self-expression, users must remain vigilant about the potential privacy implications.
Gulf Business
3 minutes ago
- Gulf Business
DEWA wins global energy award for world's largest solar park
Mohammed bin Rashid Al Maktoum Solar Park Organised by S&P Global Commodity Insights, the Platts Global Energy Awards are widely considered among the highest honours in the energy sector. Often referred to as the 'Oscars of the energy industry,' the awards celebrate innovation, leadership, and excellence across categories including sustainability, technology, and infrastructure. Since 1999, they have drawn participation from leading energy companies around the world. HE Saeed Mohammed Al Tayer, MD & CEO of DEWA, said: 'Guided by the vision of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, excellence has become a genuine and continuous approach in the UAE. Based on this proactive vision, and in line with the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Carbon Emissions Strategy 2050 to provide 100 per cent of energy production capacity from clean sources by 2050, we look forward to broader horizons of leadership and innovation. 'We continue to strengthen our preparedness for the future and advance the sustainability of our robust, integrated infrastructure – ensuring it can meet the ambitions of both current and future generations while keeping pace with Dubai's flourishing urban and demographic growth. Receiving the Energy Infrastructure Award at the esteemed 2024 S&P Global Platts Energy Awards underscores DEWA's pioneering role in innovation and renewable and clean energy. This achievement is a testament to the tireless dedication and hardwork of DEWA's entire team.' The Mohammed bin Rashid Al Maktoum Solar Park is the largest single-site solar park in the world developed under the independent power producer (IPP) model. DEWA plans to expand the park's production capacity to 7,260 megawatts (MW) by 2030. Its current operational capacity stands at 3,860MW, using both photovoltaic solar panels and concentrated solar power (CSP) technologies. Notably, the fourth phase of the solar park has set four Guinness World Records.
Zawya
3 minutes ago
- Zawya
PwC Middle East welcomes Emirati students for second Annual Consulting Insights Week
Dubai, United Arab Emirates - PwC Middle East welcomed a new cohort of talented Emirati students to its second annual Consulting Insights Week, reaffirming its commitment to developing the next generation of national leaders and problem-solvers. Held across Abu Dhabi and Dubai, the week-long programme gives high-performing high school students early exposure to the world of consulting, innovation, and real business challenges, offering a practical foundation for future career choices in a fast-changing economy. Endorsed by the Knowledge and Human Development Authority (KHDA), the Abu Dhabi Department of Education and Knowledge (ADEK) and the Ministry of Education, the initiative reflects the strength of public and private partnerships in nurturing young national talent. Dr. Amna Al Maazmi, CEO of Growth and Development at KHDA, joined the event in Dubai on Monday, 14 July 2025, to address the students and reinforce the importance of local talent development in the UAE's future. This year's cohort includes 14 students from top schools across the UAE. Throughout the week, they will take part in interactive workshops, project simulations, and mentorship sessions led by PwC professionals, helping them build critical thinking skills, commercial awareness, and confidence. Participants will gain exposure to real-world consulting through project simulations, mentorship sessions, and interactive workshops delivered by PwC Middle East's Foundation for the Future team. Students will also leave with practical skills, exposure to real client work, and a clear path into the profession. Dr. Amna Al Maazmi added: 'Empowering Emirati youth is at the heart of Dubai's Education 33 strategy. Initiatives like Consulting Insights Week play an important role in helping our students build the skills, confidence, and mindset needed to thrive in a changing world. By connecting education with real-world opportunities, we are developing the next generation of homegrown talent who will shape the future of Dubai and the UAE.' The programme also introduces students to PwC's Watani initiative, led by Khaled Bin Braik, Emiratisation Leader at PwC Middle East. Through Watani, PwC offers structured pathways for Emiratis to grow their careers in professional services and leadership roles. Bin Braik commented:"This programme reflects PwC Middle East's long-term investment in Emirati youth. We are committed to equipping our students with the mindset and tools they need to become leaders of tomorrow and drive sustainable change across the region.' By bringing together ambitious youth, public education stakeholders, and industry leaders, Emirati Consulting Insights Week reflects PwC Middle East's strategic focus on Emiratisation, inclusive growth, and workforce transformation. As the firm continues to scale its impact across the region, programmes like this serve as a key pillar of its mission to help build, accelerate and sustain momentum - starting with youth who matter most to the UAE's economy. About PwC At PwC, we help clients build trust and reinvent so they can turn complexity into competitive advantage. We're a tech-forward, people-empowered network with more than 370,000 people in 149 countries. Across audit and assurance, tax and legal, deals and consulting we help build, accelerate and sustain momentum. With over 12,000 people across 12 countries in 30 offices, PwC Middle East combines deep regional insight with global expertise to help clients solve complex problems, drive transformation, and achieve sustained outcomes. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see for further details.
