Abu Dhabi – Mubasher: e& recorded 129.90% year-on-year (YoY) higher consolidated net profits at AED 5.55 billion in the first quarter (Q1) of 2025, compared to AED 2.45 billion.
The consolidated revenues amounted to AED 16.86 billion as of 31 March 2025, up 18.70% YoY from AED 14.21 billion, according to financial results.
Earnings per share (EPS) jumped to AED 0.62 in Q1-25 from AED 0.27 during the same period in 2024.
Hatem Dowidar, Group CEO of e&, said: “Strong first quarter results was crowned with the successful monetization of our stake in the Khazna business at a lucrative valuation towards the end of March.”
“We are translating our ambition into measurable performance via achieving robust financial performance, retaining our network leadership, scaling our footprint across high-potential markets and optimizing our assets profile to create a sustainable value for our shareholders,” Dowidar added.
In 2024, the group’s consolidated net profits attributable to the owners hit AED 10.75 billion, up 4.30% YoY from AED 10.30 billion.
