Press releases, Reports & Disclosures for Emirates Integrated Telecommunications Company PJSC

Emirates Integrated Telecommunications Company PJSC (du) reported a 14.6% growth in net income and an 8.0% increase in revenues for the first nine months of 2025. In the third quarter, revenues rose by 7.9% year-over-year, supported by strong commercial performance in both B2C and B2B segments and a robust EBITDA margin of 47.8%. The company completed a secondary public offering of 7.55% of its share capital, enhancing its market profile. The mobile and fixed bases grew by 10.3% and 9.7%, respectively. The steady performance over three quarters allows du to reaffirm its 2025 revenue growth guidance of 6-8% and an EBITDA margin of 45-47%.

The document is a review report and condensed consolidated financial statements for Emirates Integrated Telecommunications Company PJSC and its subsidiaries, covering the nine-month period ending on September 30, 2025.

Emirates Integrated Telecommunications Company PJSC, known as "du," announced the successful completion of a secondary public offering of its shares, listed on the Dubai Financial Market. The offering, launched on September 8, involved 342,084,084 shares, representing 7.55% of du's share capital. These shares were offered by Mamoura Diversified Global Holding PJSC, a subsidiary of Mubadala Investment Company, and accounted for 75% of Mamoura's stake in du. The final offer price was AED 9.20 per share, generating approximately AED 3.15 billion in gross proceeds for Mamoura. The offering consisted of two tranches: a UAE retail offer, which made up 5% of the total shares, and a global offering to qualified institutional investors, representing 95% of the shares.

The document is a prospectus for the public offering of shares in Emirates Integrated Telecommunications Company PJSC, known as "du," which is listed on the Dubai Financial Market. The offering involves up to 342,084,084 ordinary shares, representing 7.5467% of the company's total issued shares, being sold by Mamoura Diversified Global Holding PJSC in a public subscription in the UAE. The offer price ranges from AED 9.00 to AED 9.90, with the final price and offering size to be announced after the subscription period closes. The offering is only available in the UAE, and compliance with local regulations is required. The Securities and Commodities Authority of the UAE is not responsible for the content of the prospectus. Potential investors are advised to review the "Investment Risks" and "Important Notice" sections due to the high-risk nature of the investment.

Emirates Integrated Telecommunications Company PJSC (du) reported an 8.6% year-over-year increase in revenue for the second quarter of 2025, driven by strong performance across all business segments. The EBITDA margin improved to 46.8%, a 3.1 percentage point increase, due to a focus on value-driven products and cost management. Net profit rose by 25.1%. The Board of Directors approved an interim cash dividend of AED 0.24 per share, a 20% increase from the previous year. The company saw subscriber growth in both Mobile (10.8%) and Fixed (12.0%) segments. For 2025, du expects revenue growth between 6-8% and an EBITDA margin of 45-47%. The company is investing in future growth, including deploying a hyperscale datacentre with Microsoft and launching the National Hypercloud platform.