e& reports H1 2026 consolidated revenue of AED 38.1 billion, up 11.6%

The Board approved an interim dividend of 47.5 fils per share, up 10.5% from the same period last year.

By Entrepreneur Middle East Staff | Jul 30, 2026

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UAE-based technology group e& has reported strong financial and operational results for the first half of 2026, driven by continued growth across its core businesses, digital transformation initiatives, and AI-powered innovation.

The Group’s consolidated revenue rose 11.6% year-on-year (YoY) to AED 38.1 billion, while EBITDA increased 13.1% to AED 17.7 billion, delivering a margin of 46.5%. Consolidated net profit reached AED 6.0 billion, up 2.4% YoY, excluding the gain from the sale of Khazna and the Maroc Telecom settlement recorded in H1 2025.

The Board approved an interim dividend of 47.5 fils per share, up 10.5% from the same period last year.

The Group’s total subscriber base grew 30.4% YoY to 251.5 million, while e& UAE’s subscriber base increased 6.4% to 16.5 million, reflecting continued demand for its connectivity, digital, and AI-enabled services.

As part of a strategic portfolio review, e& completed the sale of its entire stake in Vodafone Group Plc after the end of the second quarter, generating gross proceeds of AED 21.9 billion and a net cash return of AED 4.8 billion. The Group also sold a 12.5% stake in Careem Technologies to Uber for AED 367 million, further sharpening its focus on its core businesses.

Commenting on the results, H.E. Jassem Mohamed Bu Ataba Alzaabi, Chairman of e& Group, said the performance demonstrates the company’s ability to navigate regional and global challenges while delivering sustainable growth.

He added that ongoing portfolio optimization and continued investment in technology infrastructure and digital solutions will support long-term value creation and strengthen e&’s leadership across regional and international markets.

Masood M. Sharif Mahmood, Group Chief Executive Officer of e&, said the results reflect the resilience of the Group’s diversified operating model, disciplined capital management, and growing integration of AI across its businesses.

He noted that e& remained focused on maintaining service continuity, strengthening network resilience, and supporting customers, businesses, and governments with reliable digital infrastructure despite ongoing regional and global challenges.