Emirates Integrated Telecommunications Company PJSC (du) reported robust growth in both revenues and profitability in its financial results for the first quarter (Q1) of 2025.
Total revenues increased by 7.4% year-over-year (YoY), driven by solid performance across both service and non-service segments. Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by an impressive 15.0%, supported by improved revenue diversification and efficient cost management, resulting in an exceptional EBITDA margin of 47.4%.
This operational strength translated into a net profit increase of 19.8%, reflecting continued momentum and financial discipline.
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Financial Summary
*Due to rounding, numbers presented may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures
Diversified Growth
Fahad Al Hassawi, CEO, commented, “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 that the resilient UAE environment, coupled with the quality of du’s offerings and its ability to respond to evolving customer needs, contributed to the solid growth in its subscriber base, with its mobile base now exceeding the nine million mark.
“Our balance sheet remains robust, supported by strong cash generation and the continuing normalization of capital expenditures (CapEx) in our connectivity business, enabling us to strategically expand into high-potential growth areas. We have reiterated our guidance, highlighting our confidence in maintaining this strong momentum throughout the year,” concluded Al Hassawi.
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