UAE’s e& Reports Record 129.9% Profit Surge in Q1 2025 Driven by Strategic Expansions and AI Adoption

UAE telecommunications giant e& has kickstarted 2025 with explosive financial results, announcing a 129.9% year-on-year leap in net profit to AED 5.4 billion ($1.47 billion) for the first quarter. The company’s revenue climbed to AED 16.9 billion ($4.6 billion), marking an 18.7% annual growth, while EBITDA rose 15.4% to AED 7.4 billion ($2.02 billion). This performance cements e&’s position as a global tech leader, fueled by subscriber growth, strategic divestments, and aggressive AI integration across its operations. Financial Performance Exceeds Market Expectations e&’s Q1 results shattered forecasts, with its net profit surge largely attributed to the $2.2 billion divestment of its 40% stake in Khazna Data Centers, a move that strengthened its balance sheet and reduced group debt. Excluding this one-time transaction, net profit still grew 19.1% YoY, demonstrating core operational resilience. The telecom-to-tech conglomerate expanded its total subscriber base by 12.9% to 194.8 million, with its UAE operations alone serving 15.3 million customers. This growth reflects rising demand for high-speed connectivity and digital services, particularly in markets like Pakistan, where subsidiary PTCL Flash Fiber dominates the FTTH sector with over 700,000 subscribers.