Emirates Integrated Telecommunications Company PJSC (du) has reported a net profit of Dh732 million for the third quarter of 2025 — a 1.8% year-on-year increase and a 25.8% gain on a normalised basis after excluding one-off items.
Total revenues climbed 7.9% to Dh3.9 billion, driven by strong performance across mobile, fixed-line, and ICT segments, while EBITDA rose 6.7% to Dh1.9 billion, reflecting a healthy margin of 47.8%, up from 44.1% a year earlier. The company attributed the improved profitability to higher gross margins, tighter cost control, and greater operational efficiency.
Operating free cash flow increased by 11% to Dh1.4 billion, supported by reduced capital expenditure and disciplined financial management.
Strong Subscriber and Segment Growth
du’s total mobile subscriber base grew 10.3% year-on-year to 9.2 million, with postpaid users rising 8.6% to 1.9 million — bolstered by enterprise demand and the successful launch of Apple’s iPhone 17. Prepaid customers expanded 10.7% to 7.2 million, supported by seasonal promotions and stronger retail reach.
The fixed-line customer base increased 9.7% to 718,000, reflecting steady demand for home-wireless and fibre broadband connectivity.
- Mobile revenue: Dh1.8 billion (+8.4%)
- Fixed revenue: Dh1.1 billion (+8.9%)
- Other revenue: Dh1.0 billion (+5.9%), driven by ICT, interconnection, and handset sales
Cost Efficiency and Investment Discipline
du achieved a record EBITDA margin of 47.8%, up 3.7 percentage points on a normalised basis, due to reduced outsourcing expenses and optimized marketing spending. Capital expenditure for the quarter was Dh492 million, down from Dh511 million in Q3 2024, with a capex intensity of 12.7%.
Investments remain “backloaded,” with more projects slated for completion in Q4, particularly in network modernization and ICT expansion, as the company advances its AI Park ecosystem and AI supercluster — key pillars of du’s sovereign AI and digital infrastructure strategy.
Share Sale and Market Outlook
In September, du completed a secondary public offering of 7.55% of its share capital, previously held by Mubadala Investment Company, increasing its free float to 27.7% — enhancing stock liquidity and paving the way for potential inclusion in major market indices.
CEO Fahad Al Hassawi said the results demonstrate “disciplined execution and strong fundamentals,” reaffirming du’s 2025 guidance of 6–8% revenue growth and an EBITDA margin between 45–47%.
“du continues to reinforce growth in its core connectivity business while rapidly scaling high-potential digital segments,” Al Hassawi added.
Analysts note that du’s performance reflects broader telecom sector resilience in the UAE, supported by robust demand for mobile data, broadband, and enterprise ICT solutions amid the nation’s accelerating digital economy
