du reports 14.6% rise in profits to Dh2.18 billion in first nine months of 2025

ABU DHABI (ALETIHAD)

Emirates Integrated Telecommunications Company (du) reported Dh2.18 billion in profits for the first nine months of 2025, representing a 14.6% rise over the corresponding period last year. The company’s performance was driven by continued operational excellence, strong commercial momentum, and disciplined execution across business segments.

For the nine-month period, du’s revenues climbed 8% to Dh11.62 billion, while EBITDA rose 12.5% to Dh5.5 billion, translating to a margin of 47.3% compared with 45.4% a year earlier. The company’s operating free cash flow grew 14.3% to Dh4.09 billion, supported by reduced capital expenditure and solid cash generation.

In the third quarter alone, du posted revenues of Dh3.87 billion, up 7.9% year-on-year, while net profit increased 1.8% to Dh732 million. On a normalised basis — excluding one-off items from 2024 — net profit rose 25.8%, reflecting higher operating efficiency and profitability. The EBITDA margin stood at 47.8%, with gains attributed to an improved revenue mix across mobile and fixed segments, and tighter cost control.

During the quarter, du completed a secondary public offering of 7.55% of its share capital, increasing its free float to 27.7%, enhancing liquidity, and strengthening its capital market profile. The company reaffirmed its 2025 guidance of 6-8% revenue growth and 45-47% EBITDA margin.

Chief Executive Fahad Al Hassawi said: “Our third-quarter performance reinforces the strong trajectory established in the first half of the year. We continue to deliver consistent results across our key segments, with solid fundamentals and commercial success driving robust subscriber growth and steady revenues. These achievements underscore the effectiveness of our disciplined execution and focus on value-accretive growth.”

He added that the successful secondary offering reflected investor confidence in du’s growth trajectory and commitment to long-term shareholder value creation. “We are progressing with determination on our strategic priorities — reinforcing growth in our core connectivity business while rapidly scaling our high-potential beyond-the-core segments,” Al Hassawi said, citing the launch of the AI Park and AI supercluster as milestones in du’s push toward leadership in sovereign AI and digital diversification.