Emirates Integrated Telecommunications Company (du) recorded net profit growth of 12.6% in the first half of 2026, with second-quarter results reinforcing the trend despite softer market conditions linked to regional geopolitical tensions.
Q2 net profit reached AED 798 million, up 9.8% year-on-year, as total revenue climbed 4.6% to AED 4.1 billion. Service revenue grew 6.7%, while EBITDA rose 9.2% to AED 2.0 billion, lifting the EBITDA margin by 2 percentage points to 48.8%. Fixed revenue was the standout segment, surging 11.6% to AED 1.2 billion on strong enterprise connectivity and Home Wireless demand, while mobile revenue increased 3.7% to AED 1.8 billion.
The mobile subscriber base reached 9.3 million, with postpaid customers expanding 9.0% to 2.1 million. Capital expenditure rose to AED 653 million from AED 545 million a year earlier, reflecting accelerated data centre investment under a global hyperscaler agreement. Operating free cash flow grew 4.6% to AED 1.3 billion.
Gulf Economist Staff Writer