Latest news with #NationalHypercloud
Mid East Info
29 minutes 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.
Mid East Info
01-07-2025
- Business
- Mid East Info
du launches the National Hypercloud to offer sovereign cloud services in UAE for government entities
du is the first local hyperscale cloud provider in the country to offer secure, scalable and sovereign cloud in partnership with Oracle in Dubai and Northern Emirates. Dubai, UAE, July, 2025: du, the leading telecom and digital services provider, today announced a significant expansion of its cloud services portfolio with the launch of its sovereign cloud platform, the 'du Tech National Hypercloud'. As the UAE's first hyperscale cloud provider, du's cloud platform will meet the unique needs of the UAE governments and large organizations seeking both the agility of the public cloud and the assurance of data sovereignty and tailored security. The launch is in line with du's committed efforts to create an infrastructure that is sovereign, secure, and scalable to serve public entities and meet the growing demand for digital transformation in the UAE. With a rich suite of 150+ of Oracle Cloud Infrastructure (OCI) services spanning infrastructure, platform and applications with embedded AI capabilities, the du Tech National Hypercloud supports rapid innovation within a sovereign AI environment at scale. Jasim AlAwadi, Chief ICT Officer at du said: 'We are excited to debut our National Hypercloud platform, fostering digital innovation and success for our customers while honouring the importance of national data control. Our infrastructure serves as a bastion of sovereignty and security, while also enabling financial savviness and technological advancement necessary for the UAE's pursuit of becoming a pioneering AI-utilizing nation.' Hosted within du Tech's state-of-the-art liquid-cooled data centres, the platform promises operational excellence, offering the latest hardware and GPUs without the financial strain of capital expenditure. 'Our homegrown National Hypercloud ensures that the UAE's digital assets remain within the country's borders, offering our customers a resilient and dynamic platform that is meticulously designed with their specific needs in mind. We are committed to reinforcing the government's digital initiatives by offering a powerful foundation for AI and cloud technologies,' added AlAwadi. Customers can expect performance, efficiency, and the freedom to innovate within a secure and compliant sovereign cloud ecosystem. This will significantly impact how the public sector operates, providing a tailored environment for rapid cloud adoption, managing data with enhanced control over security and locality, and ultimately aligning with the nation's strategy for digital sovereignty. 'Governments want to leverage the benefits of cloud and innovate with AI at scale, within a sovereign environment. Achieving this requires flexible deployment models. Oracle Cloud Infrastructure (OCI) provides the same set of services across a range of distributed models to address this challenge', said Miguel Vega, senior vice president – Database Platform & Cloud Infrastructure, Middle East, Turkey, and Africa region, Oracle. 'With the deployment of Oracle Alloy, du has introduced National Hypercloud, a capability that will help meet the sovereign requirements of government organisations in the UAE whilst supporting alignment with the local regulatory requirements.' The introduction of the du Tech National Hypercloud empowers du to leverage the expansive business potential, scalability, and pace of cloud innovations, positioning itself as a leader in the cloud and managed services domain. This move aligns with the UAE Strategy for Artificial Intelligence, aiming to enable UAE government customers to develop AI-driven services that propel the nation towards its ambitious digital future. 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 fiber 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.
TECHx
01-07-2025
- Business
- TECHx
du Tech Launches UAE's First Sovereign Hypercloud Platform
Home » Latest news » du Tech Launches UAE's First Sovereign Hypercloud Platform du, the telecom and digital services provider, has announced the launch of its sovereign cloud platform, the 'du Tech National Hypercloud.' This platform marks the UAE's first hyperscale cloud offering designed to meet the needs of government entities and large organizations. The company revealed that the National Hypercloud combines the agility of public cloud services with data sovereignty and tailored security. du emphasized its commitment to creating a sovereign, secure, and scalable cloud infrastructure to support the UAE's digital transformation. According to Jasim AlAwadi, Chief ICT Officer at du, the new platform fosters innovation while ensuring national data control. He reported that du Tech's state-of-the-art liquid-cooled data centers will host the cloud, delivering the latest hardware and GPUs without heavy capital expenditure. Moreover, the National Hypercloud includes over 150 Oracle Cloud Infrastructure (OCI) services. These services span infrastructure, platform, and applications, all with embedded AI capabilities. This setup supports rapid innovation within a sovereign AI environment at scale. AlAwadi added that the platform offers performance, efficiency, and freedom to innovate within a secure, compliant, and sovereign cloud ecosystem. This development is expected to impact how the public sector adopts cloud technology and manages data locality and security. Miguel Vega, Senior Vice President at Oracle for Middle East, Turkey, and Africa, reported that Oracle Alloy enables du to meet the sovereign requirements of UAE government organizations. He highlighted flexible deployment models as key to leveraging AI and cloud benefits in a sovereign environment. du Tech's National Hypercloud aims to accelerate the UAE's AI ambitions by providing a solid foundation for cloud and AI-driven services. The platform aligns with the UAE Strategy for Artificial Intelligence and supports the government's digital initiatives. Key points: du Tech launches UAE's first sovereign hyperscale cloud platform. Platform offers 150+ Oracle Cloud Infrastructure services with AI. Designed to meet government data sovereignty and security needs.
