Dubai – Mubasher: Emirates Integrated Telecommunications Company (du) achieved a net profit worth AED 722.49 million in the first quarter (Q1) of 2025, which marked a 19.80% increase from AED 602.91 million in Q1-24.
The basic and diluted earnings per share (EPS) went up to AED 0.16 as of 31 March 2025 when compared with AED 0.13 in the year-ago period, according to the income statements.
du generated total revenue amounting to AED 3.84 billion in the January-March 2025 period compared to AED 3.58 billion in Q1-24, signaling an annual growth of 7.40%.
The telecom company’s total assets hit AED 19.23 billion at the end of March 2025, surging from AED 18.56 billion as on 31 December 2024.
The CEO of du, Fahad Al Hassawi, said: “We started the year with a very strong first quarter, delivering growth across all key financial metrics and making meaningful progress on our strategy to diversify revenue streams as witnessed by the strategic partnership with Microsoft to develop a hyperscale data center.”
Al Hassawi noted: “The resilient UAE environment coupled with the quality of our offerings and our ability to respond to evolving customer needs contributed to the solid growth in our subscriber base with our mobile base now exceeding the 9 million mark and our revenues witnessing a remarkable 7.40% growth.”
The CEO added: “We also achieved a strong margin expansion, with EBITDA margin rising to 47.40% while net profit grew by 19.80%, reflecting disciplined execution of our strategy and effective cost management. Our balance sheet remains robust supported by strong cash generation and the continuing normalization of capital expenditures in our connectivity business, enabling us to strategically expand into high-potential growth areas.”
In 2024, du registered net profits worth AED 2.48 billion in addition to revenues of AED 14.63 billion.
