Abu Dhabi: eand has delivered a strong start to 2025, continuing its trajectory of growth and digital leadership. The group posted strong performance across key financial indicators, reflecting the strength of its strategy and rising impact as a global technology group.
According to Emirates News Agency, consolidated revenue increased to AED 16.9 billion, growing 18.7% year-on-year (YoY), while consolidated net profit rose to AED 5.4 billion, marking an increase of 129.9% compared to the same period last year. The Group's EBITDA reached AED 7.4 billion, growing 15.4% YoY, as stated in a statement released by the Group today.
The Group's total subscriber base reached 194.8 million, an increase of 12.9% YoY, while the number of eand UAE subscribers reached 15.3 million. This reflects the continued demand for eand's connectivity, AI-powered solutions, and digital experiences.
Hatem Dowidar, Group Chief Executive Officer of eand, remarked on the milestone achieved in the first quarter of 2025, highlighting the strong performance in revenue and EBITDA growth. He attributed the success to disciplined execution, customer focus, and the Group's vision of being a global technology company.
Dowidar emphasized eand's capability to innovate and deliver in a competitive global market. He noted the Group's advancements, such as the deployment of advanced 5G networks and expansion across three continents through the eand PPF Telecom investment in 2024. These efforts are part of building a digital ecosystem that empowers various sectors and propels the digital future.
The first quarter results were further strengthened by the successful monetization of the Group's stake in the Khazna business at the end of March. Dowidar pointed out that these results are evidence of eand's ambition translating into measurable performance, including robust financial outcomes, network leadership, market expansion, and asset optimization to create sustainable shareholder value.