du reports its Q1 2025 results with 19.8% net profit increase

Sustained revenue growth with revenues up 7.4%, combined with an exceptional margin expansion to 47.4%

Landmark partnership in ICT for a new hyperscale data centre

Fahad Al Hassawi – du CEO

Dubai, UAE. 05 May 2025 – Emirates Integrated Telecommunications Company PJSC (du) reported its financial results for the first quarter of 2025, marked by robust growth in both revenues and profitability. Total revenues increased by 7.4% year-over-year, driven by solid performance across both service and non-service segments. EBITDA rose by an impressive 15.0% supported by improved revenue mix 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%, underscoring our continued momentum and financial discipline.

Q1 2025 Highlights

Financial Summary[1]

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 centre. 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 7.4% growth. We also achieved a strong margin expansion, with EBITDA margin rising to 47.4% while net profit grew by 19.8%, 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. We have reiterated our guidance, highlighting our confidence in maintaining this strong momentum throughout the year.”

Customer base

Q1 2025 Financial Highlights

ENDS

du adds life to life with a comprehensive portfolio of mobile, fixed, broadband, entertainment services, and fintech solutions. Through a digital-first approach powered by ultra-reliable fibre and 5G technology, du delivers bespoke solutions leveraging cloud computing, AI-driven analytics, advanced cybersecurity, and IoT integration. As a trusted digital telco enabler spearheading the UAE’s digital transformation, we collaborate with a dynamic partner ecosystem to propel industries and society toward operational excellence, shaping a more connected and digitally advanced future across the region. 

[1] Due to rounding, numbers presented may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures

[2] EBITDA in the condensed consolidated financial statements is referred to as “Operating profit before depreciation and amortization”

[3] Capex is calculated as: cost addition to Property, Plant and Equipment and cost addition to Intangible Assets (See note 4 and 5 in the condensed consolidated financial Statements for the three-month period ended 31 March 2025)

[4] Operating Free Cash Flow is EBITDA minus Capex