Abu Dhabi – e& Group (formerly Etisalat) continued its symphony of financial success, achieving exceptional performance during the first quarter of 2026. The Group announced consolidated revenues of AED 19.4 billion, marking a robust annual growth of 15.1%. Obviously, these figures are not just numbers; they reflect the success of the Group’s strategy in transitioning from a traditional telecom company into a global “tech conglomerate” securing massive market shares in both international and local markets.
“Record Profits and Subscriptions”: How Did e& Expand in Global Markets?
The Group recorded a net profit of AED 2.9 billion, a nearly 4% increase (excluding the impact of the Khazna deal), while EBITDA surged to AED 8.6 billion. Clearly, the true strength lies in the “subscriber base,” which exploded to reach 248 million worldwide, with a staggering annual growth of 30.8%. As a result, the Group has solidified its position as one of the largest tech operators in the region, supported by smart expansions in next-generation services and cloud computing solutions.
UAE Market and AI: e& Driving the Digital Economy Locomotive
In the local market, “e& UAE” remained a dominant force, with its subscriber base reaching 16.6 million, driven by a heavy focus on integrating Artificial Intelligence into daily services. Accordingly, management emphasized that these results reflect the flexibility of its business model and its ability to seize opportunities within the digital economy. Amid this momentum, the Group continues its multi-billion investments to diversify its international portfolio, making it the primary engine for technological transformation across all operating markets, from the Middle East to emerging global markets.
