e&, the UAE-headquartered global technology group, reported a strong start to 2026 with a consolidated revenue of AED19.4  billion ($5.28 billion) in the first quarter, reflecting a 15.1  per cent year-on-year (YoY) growth.

Consolidated net profit reached AED2.9  billion, with 3.9  per cent YoY growth (excluding the gain from the sale of Khazna). EBITDA grew by 16.5 per cent YoY, reaching AED8.6  billion.

The group's subscriber base maintained its upward trajectory with a 30.8  per cent YoY growth, reaching 248.0 million subscribers. In its home market, e& UAE maintained its strong performance, with its subscriber base reaching 16.6 million, supported by the adoption of next-generation connectivity solutions and AI applications, which are now a vital part of customer experience.

Masood M Sharif Mahmood, Group Chief Executive Officer of e&, said: “Despite economic and regional changes, our agile business model has proven e&’s inherent strength and great ability to navigate challenges. Our proactive risk-preparedness approach and international diversification have enabled us to maintain our growth momentum in our home market and internationally; a testament to e&’s agility and resilience in operating under adverse circumstances.

"Today, we stand firmly on a solid foundation with a strong track record that gives us full confidence in e&’s ability to continue its upward trajectory. Throughout recent regional challenges, e& remained steadfast in fulfilling its national role by enabling business continuity, ensuring network resilience, supporting remote work and education systems, and harnessing our technological capabilities to guarantee seamless connectivity and uninterrupted digital services for all and under different circumstances.

"Our strong financial performance in the first quarter of 2026 reflects the success and resilience of our operations, underpinned by our commitment to creating sustainable shareholder value." - TradeArabia News Service