e& Reports 11.6% Revenue Growth to AED 38.1 Billion in First Half of 2026
e&, a UAE-based telecommunications and technology group, reported strong financial performance for the first half of 2026 (H1), with consolidated revenue rising by 11.6% year-on-year to AED 38.1 billion. The company's net profit reached AED 6.0 billion in H1 2026, reflecting a modest YoY increase of 2.4%, excluding the impact from previous gains on asset sales and settlements. EBITDA also showed robust growth, increasing by 13.1% to AED 17.7 billion with an EBITDA margin of 46.5%. The company announced an interim dividend per share (DPS) increase of 10.5%, reflecting confidence in its financial stability and performance. Strategically, e& has reset its portfolio by selling its entire stake in Vodafone Group Plc for AED 21.9 billion and a partial sale of Careem Technologies to Uber for AED 367 million. These moves aim to sharpen the focus on core operations while capitalizing on digital transformation and AI innovation.
Topics: dividend ebitda net profit revenue strategic portfolio reset