Emirates Integrated Telecommunications Company PJSC
Pressreleases, Reports and Disclosures for Emirates Integrated Telecommunications Company PJSC
Emirates Integrated Telecommunications Company PJSC ("du") announced that the Ministry of Finance has extended the Federal Royalty and Corporate Tax regime for the telecommunications sector for three years, from January 1, 2027, to December 31, 2029. Under this regime, a 38% Federal Royalty will apply to net profits in the UAE, and a 9% Corporate Tax will apply to net profits after the Federal Royalty deduction. The total annual payment for these taxes will not be less than AED 1.8 billion, and payments are due within five months after the fiscal year ends. Exclusions from the Royalty calculation include profits from international entities, certain international investments, and profits attributable to non-controlling interest holders in UAE entities.
Emirates Integrated Telecommunications Company PJSC (du) reported a 5.8% increase in revenue and a 12.6% rise in net profits for the first half of 2026. The company's EBITDA margin expanded to 49.2%. For the second quarter of 2026, revenues grew by 4.6%, service revenue increased by 6.7%, and EBITDA rose by 9.2% with a margin of 48.8%. Net profit for the quarter was up 9.8% year-on-year, reaching AED 798 million. Despite a challenging operating environment and moderated subscriber growth due to regional conflicts, the company maintained strong financial performance. The Board approved an interim cash dividend of AED 0.26 per share, an 8.3% increase from the previous year. The company is progressing with capital deployment, particularly in data center projects, and has launched du Ventures, a venture capital fund targeting emerging technology companies.
The document is a review report and condensed consolidated financial statements for Emirates Integrated Telecommunications Company PJSC and its subsidiaries, covering the six-month period ending on June 30, 2026.
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.