e& Reports Consolidated Revenue of AED 38.1 Billion for First Half of 2026
e&, a leading telecommunications and technology company based in the UAE, reported consolidated revenue of AED 38.1 billion (approximately USD 10.29 billion) for the first half of 2026, representing an annual growth rate of 11.6%. The group's net profit reached AED 6 billion with a year-over-year increase of 2.4%, excluding gains from asset sales in previous periods. The EBITDA rose to AED 17.7 billion (USD 4.8 billion), up by 13.1% compared to the same period last year, achieving an impressive margin of 46.5%. The interim dividend per share was set at 47.5 fils, a rise of 10.5% from the previous year. Strategic portfolio adjustments included selling its entire stake in Vodafone Group Plc for AED 21.9 billion (USD 5.95 billion) and partially divesting a 12.5% shareholding in Careem Technologies to Uber, generating an additional AED 367 million.
Topics: dividend increase ebitda net profit revenue growth strategic portfolio adjustment