Emirates Integrated Telecommunications Company (du) reported a 15.5% year-on-year rise in net profit for the first quarter of 2026, reaching AED 834 million.
Revenue increased by 6.9% year-on-year to AED 4.1 billion.
Earnings before interest, tax, depreciation, and amortisation (EBITDA) climbed 11.7% to AED 2 billion, with the EBITDA margin expanding by 2.1 percentage points to 49.5%.
The company also maintained strong cash generation, with operating free cash flow rising 14.2% to AED 1.7 billion.
In April, du successfully refinanced and secured a AED 2 billion revolving credit facility on improved terms, with a seven-year maturity, enhancing its financial flexibility and credit profile.
Fahad Al Hassawi, Chief Executive Officer of Emirates Integrated Telecommunications Company, said: “du started 2026 with strong fundamentals and clear commercial momentum across mobile, fixed, and ICT. We delivered an excellent set of financial results, with revenues up 6.9%, EBITDA up 11.7%, and net profit rising 15.5%.”
On the operational side, the mobile subscriber base grew 6.1% year-on-year to 9.7 million, with net additions of 555,000 over the past 12 months.
Postpaid subscribers rose 9.6% to 2 million, while prepaid users increased 5.2% to 7.7 million. The fixed services segment also expanded, up 6.3% to 745,000 subscribers.
Mobile service revenues reached AED 1.8 billion, a 7.2% increase, while fixed service revenues rose 11.1% to AED 1.2 billion. Other revenues grew 2.3% to AED 1.2 billion. Capital expenditure for the quarter stood at AED 386 million.
