Latest news with #EmiratesIntegratedTelecommunicationsCompany
Gulf Today
6 days ago
- Business
- Gulf Today
du's Q2 net profit expanded by a stellar 25.1% y-o-y
Emirates Integrated Telecommunications Company (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 per cent year-over-year, reflecting strong performance across all business segments and solidifying our market position. EBITDA rose by 16.4 per cent resulting in an EBITDA margin of 46.8 per cent, a 3.1 percentage points improvement year-over-year, driven by our strategic focus on value-driven products and our disciplined cost management. This operational excellence translated into an impressive net profit increase of 25.1 per cent. In recognition of these strong financial results, the Board has approved an interim cash dividend of Dhs0.24 per share, representing an increase of 20 per cent year-over-year. Revenues surged by 8.6 per cent year-over-year reaching Dhs3.9 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 per cent year-over-year to Dhs1.7 billion reflecting sustained growth in our customer base and the success of our targeted propositions and highly effective marketing campaigns. The optimised use of digital and retail channels also enhanced customer acquisition and engagement, further fuelling revenue momentum. Fixed revenues rose by 10.1 per cent year-over-year reaching Dhs1.1 billion mainly driven by the ongoing expansion in Home Wireless and Fibre customer base. 'Other revenues' recorded an 8.8 per cent year-over-year growth to Dhs1.1 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. Malek 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. WAM
Gulf Business
6 days ago
- Business
- Gulf Business
du reports 25.1% year-on-year rise in Q2 net profit
Image: Getty Images Emirates Integrated Telecommunications Company ( Revenue rose by 8.6 per cent to Dhs3.9bn, while EBITDA grew by 16.4 per cent to Dhs1.83bn, lifting the e arnings before interest, taxes, depreciation, and amortisation (EBITDA) margin to 46.8 per cent, up from 43.7 per cent a year earlier. The company attributed the performance to disciplined cost management and a more favourable product mix, including increased uptake of unlimited data plans. In light of these results, the board approved an interim cash dividend of Dhs0.24 per share, a 20 per cent increase over last year's interim payout. 'Our second quarter financial results showcased impressive performance, fuelled by the meticulous execution of our strategy,' said CEO Fahad Al Hassawi. 'The solid revenue growth was coupled with strong profitability, translating into a 25.1 per cent increase in net profit.' du sees solid subscriber growth The company reported a 10.8 per cent year-on-year increase in mobile subscribers, reaching 9.1m, including 893,000 net additions. Postpaid subscriptions rose 9.8 per cent to 1.9m, while prepaid customers grew 11.1 per cent to 7.3m. Fixed-line subscriptions rose 12 per cent year-on-year to 706,000, supported by continued demand for Home Wireless and fibre broadband services. Segment performance Mobile revenues climbed 7.7 per cent to Dhs1.7bn, reflecting growth in customer base and marketing campaigns. Fixed revenues rose 10.1 per cent to Dhs1.1bn, driven by higher adoption in consumer and SME segments. Other revenues increased by 8.8 per cent to Dhs1.1bn, supported by handset sales, ICT revenues and inbound roaming. Strategic progress During the quarter, du launched the UAE's first sovereign hyperscale cloud platform, the National Hypercloud, and advanced its The company also rolled out 5G Advanced and expanded fibre coverage. 'We are enabling sovereign hyperscale cloud and AI services from UAE-based data centres, empowering a smarter, more connected future for the Emirates,' said chairman Malek Al Malek. Capex and cash flow Capital expenditure increased by 23.1 per cent to Dhs545m, reflecting investments in digital infrastructure and data centres. Operating free cash flow rose 13.8 per cent to Dhs1.28bn. Capital intensity rose to 14 per cent from 12.3 per cent in Q2 2024. The company reaffirmed its 2025 full-year guidance, with revenue expected to grow 6 to 8 per cent and EBITDA margin targeted between 45 to 47 per cent. The guidance was upgraded based on strong results and sustained growth momentum.
Zawya
6 days ago
- Business
- Zawya
Du reports stellar net profit expansion in Q2 2025 with 25.1% year-over-year growth
DUBAI: 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 management. This 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 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 optimised 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. • '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. • 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. Malek 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.' 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.''
Mid East Info
7 days ago
- Business
- Mid East Info
du reports a stellar net profit expansion in Q2 2025 with a 25.1% year-over-year growth - Middle East Business News and Information
Revenue growth accelerates to 8.6% and EBITDA margin reaches 46.8% Board of Directors approves interim cash dividend of AED 0.24 per share, up 20% year-over-year Dubai, 2025 – 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 management. This 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 platform Financial Summary Quarterly Half year AED million Q2 2025 Q2 2024 change H1 2025 H1 2024 change Revenues 3,902 3,592 8.6% 7,750 7,174 8.0% Service revenues 2,817 2,594 8.6% 5,597 5,157 8.5% Quarterly Half year AED million Q2 2025 Q2 2024 change H1 2025 H1 2024 change Other revenues 1,085 998 8.8% 2,153 2,016 6.8% EBITDA 1,826 1,569 16.4% 3,650 3,155 15.7% EBITDA Margin (%) 46.8% 43.7% 3.1pp 47.1% 44.0% 3.1pp Net profit 727 581 25.1% 1,449 1,184 22.4% Capex 545 442 23.1% 921 801 15.0% Capital intensity (%) 14.0% 12.3% 1.6pp 11.9% 11.2% 0.7pp Operating Free Cash Flow 1,282 1,126 13.8% 2,729 2,354 15.9% Malek 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 infrastructure. These 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. About du: du adds life to life with a comprehensive portfolio of mobile, fixed, broadband, entertainment services, and fintech solutions. Through a digital-first approach powered by ultra-reliable fibre and 5G technology, du delivers bespoke solutions leveraging cloud computing, AI-driven analytics, advanced cybersecurity, and IoT integration. As a trusted digital telco enabler spearheading the UAE's digital transformation, we collaborate with a dynamic partner ecosystem to propel industries and society toward operational excellence, shaping a more connected and digitally advanced future across the region.
The National
7 days ago
- Business
- The National
Du on pace to surpass record 2024 income on 25% Q2 profit jump
Emirates Integrated Telecommunications Company, the Dubai operator known as du, reported a more than 25 per cent annual jump in its second-quarter profit, keeping it on track to beat its record 2024 income. Net profit for the three months to the end of June climbed to Dh727 million ($198 million), the company said on Thursday in a regulatory filing to the Dubai Financial Market, where its shares trade. Net income for the first six months of the year rose to nearly Dh1.45 billion, a 22.4 per cent year-on-year increase. The quarterly boost pushed the company's first-half income this year to more than half of the Dh2.49 billion profit it reported for 2024, the company said. Revenue for the second quarter rose 8.6 per cent to Dh3.9 billion, while earnings before interest, taxes, amortisation and depreciation, a reliable measure of profitability, leapt 16.4 per cent to Dh1.83 billion. For the first half of 2025, du reported revenue rise of 8 per cent to Dh7.75 billion, while its Ebitda on an annual basis jumped 15.7 per cent to Dh3.65 billion. Du's board of directors has also approved a cash dividend of Dh0.24 per share for the first half of the year, up 20 per cent annually, the company said. Du on Thursday also updated its full-year earnings guidance, with revenue growth pegged at between 6 per cent and 8 per cent, and an Ebitda margin of between 45 per cent and 47 per cent. '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," said Malek Al Malek, chairman of du. Du has attributed its "positive momentum" to the continued growth momentum in the UAE economy, which also helped it boost its mobile subscriber numbers by nearly 11 per cent on an annual basis to 9.1 million, during April-June period. Fixed-line subscribers jumped by 12 per cent to approximately 706,000, the company added. "We continue to ensure disciplined capital allocation and sustained long-term value creation for our shareholders," Mr Al Malek added. Du is seeking aggressive expansion and has boosted its operations and services over the past year as market dynamics change with emerging technologies, including AI, the cloud and big data. Last October, du unveiled du Tech and du Infra – in a major shake-up to its business-to-business operations aimed at addressing growing demand for digital transformation services in the UAE. The introduction of the sub-brands will allow the company to dedicate more resources to their respective business segments and is the next step in the company's transformation and expansion, chief executive Fahad Al Hassawi told The National at the time. Du is also open to expanding its non-core portfolio outside the UAE, particularly in adjacent technologies that would include data centres, financial technology and other information and communications technology segments, he added. The company's second-quarter financial results "showcased impressive performance, fuelled by the meticulous execution of our strategy and consistent growth across every aspect of our operations", Mr Al Hassawi said in Thursday's earnings report.
