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

Emirates Integrated Telecommunications Company PJSC (du) reported strong financial results for the first quarter of 2025, with a 7.4% increase in total revenues to AED 3.8 billion, driven by solid growth in both service and non-service segments. The company's EBITDA rose by 15.0% to AED 1.8 billion, resulting in an EBITDA margin increase to 47.4%. Net profit increased by 19.8% to AED 0.7 billion. The company achieved a significant milestone by partnering with Microsoft to develop a hyperscale data center in the UAE. Additionally, du Pay marked its first anniversary with half a million app downloads and transactions totaling half a billion dirhams. The mobile subscriber base exceeded 9 million, contributing to the company's continued commercial momentum.

The document is a review report and condensed consolidated financial statements for Emirates Integrated Telecommunications Company PJSC and its subsidiaries, covering the three-month period ending on March 31, 2025.

du, a leading telecom and digital services provider in the UAE, announced plans to build a new hyperscale data center valued at approximately 2 billion AED. This initiative significantly increases du's data center capacity and enhances its position as a key data center provider in the region. The data center will be developed in phases, with Microsoft as the main tenant. CEO Fahad Al Hassawi highlighted the project as a major step in du's strategy to expand beyond traditional offerings and support the growing demand for AI, sovereign cloud, and increased capacity. This development underscores the importance of technological advancements in enhancing economic landscapes and community standards, reinforcing the UAE's status as a global leader in technology and sustainability. Currently, du operates five data centers in the UAE, providing secure and scalable digital infrastructure.

The Annual Report 2024 for Emirates Integrated Telecommunications Company PJSC (du) focuses on the company's efforts to shape a digitally enabled future. The report likely details the company's strategic initiatives, financial performance, and advancements in technology and digital services, highlighting its commitment to innovation and growth in the telecommunications sector.