e& Reports 15.1% Revenue Growth in Q1 2026, Net Profit Reaches AED2.9 Billion
The UAE-based technology group posted consolidated revenue of AED19.4 billion and EBITDA of AED8.6 billion in the first quarter of 2026, alongside a 30.8% increase in global subscribers to 248 million.
You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media.
e& reported consolidated revenue of AED19.4 billion for the first quarter of 2026, marking a 15.1% year-on-year (YoY) increase, as the group continued to expand its global digital operations.
Consolidated net profit reached AED2.9 billion, representing a 3.9% YoY increase excluding gains from the sale of Khazna in the comparable period. EBITDA rose by 16.5% YoY to AED8.6 billion.
The group’s total subscriber base grew by 30.8% YoY to 248 million. In its home market, e& UAE recorded 16.6 million subscribers, supported by demand for next-generation connectivity and artificial intelligence (AI)-driven applications.
Masood M. Sharif Mahmood, Group Chief Executive Officer of e&, said, “Despite economic and regional changes, our agile business model has proven e&’s inherent strength and great ability to navigate challenges. Our proactive risk-preparedness approach and international diversification have enabled us to maintain our growth momentum in our home market and internationally; a testament to e&’s agility and resilience in operating under adverse circumstances.
“Today, we stand firmly on a solid foundation with a strong track record that gives us full confidence in e&’s ability to continue its upward trajectory. Throughout recent regional challenges, e& remained steadfast in fulfilling its national role by enabling business continuity, ensuring network resilience, supporting remote work and education systems, and harnessing our technological capabilities to guarantee seamless connectivity and uninterrupted digital services for all and under different circumstances.
“Our strong financial performance in the first quarter of 2026 reflects the success and resilience of our operations, underpinned by our commitment to creating sustainable shareholder value. We continued to deliver growth, with consolidated revenues of AED19.4 billion and EBITDA of AED8.6 billion, marking year-on-year increases of 15.1% and 16.5% respectively. This performance reinforces our position as a driving force in the region’s digital economy and a leading enabler of future-defining intelligent solutions.
“We remain deeply inspired by the UAE’s visionary leadership, which has fostered a stable, growth-oriented environment while remaining agile and resilient in even the most challenging circumstances, enabling us to thrive and strive for more with confidence to keep delivering continuous success.”
e& reported consolidated revenue of AED19.4 billion for the first quarter of 2026, marking a 15.1% year-on-year (YoY) increase, as the group continued to expand its global digital operations.
Consolidated net profit reached AED2.9 billion, representing a 3.9% YoY increase excluding gains from the sale of Khazna in the comparable period. EBITDA rose by 16.5% YoY to AED8.6 billion.
The group’s total subscriber base grew by 30.8% YoY to 248 million. In its home market, e& UAE recorded 16.6 million subscribers, supported by demand for next-generation connectivity and artificial intelligence (AI)-driven applications.
