Emirates Integrated Telecommunications Company PJSC Reports 12.6% Net Profit Increase Amidst Resilient Half-Year Performance
Summary
Emirates Integrated Telecommunications Company PJSC has reported a resilient performance for the first half of 2026, with significant growth in key financial metrics such as revenue, EBITDA, and net profit. The company continues to focus on strategic investments and innovation to drive future growth.Emirates Integrated Telecommunications Company PJSC: Financial Performance Analysis
Emirates Integrated Telecommunications Company PJSC (du) has demonstrated a resilient financial performance in the first half of 2026, as indicated by its latest financial report. Despite a challenging operating environment, the company has managed to achieve significant growth in key performance indicators, reflecting its robust business model and strategic focus on innovation and value creation.
Key Financial Performance Indicators
| KPI | H1 2026 | H1 2025 | Change |
|---|---|---|---|
| Revenues | AED 8,198 million | AED 7,750 million | 5.8% |
| EBITDA | AED 4,032 million | AED 3,650 million | 10.5% |
| EBITDA Margin | 49.2% | 47.1% | 2.1pp |
| Net Profit | AED 1,632 million | AED 1,449 million | 12.6% |
| Capex | AED 1,038 million | AED 921 million | 12.7% |
| Operating Free Cash Flow | AED 2,994 million | AED 2,729 million | 9.7% |
Analysis of Financial Performance
The company's revenues increased by 5.8% year-on-year, reaching AED 8,198 million in the first half of 2026. This growth was driven by a 6.7% increase in service revenues, highlighting the resilience of du's core business amidst market challenges. EBITDA grew by 10.5% to AED 4,032 million, with an EBITDA margin expansion of 2.1 percentage points to 49.2%, reflecting effective cost management and operational efficiency.
Net profit rose by 12.6% to AED 1,632 million, underscoring the company's ability to generate value for shareholders. This robust financial performance enabled the Board to approve an interim cash dividend of AED 0.26 per share, representing an 8.3% increase year-on-year.
Strategic Investments and Future Outlook
Du's strategic focus on innovation and diversification is evident in its recent initiatives, including the launch of du Ventures, a $50 million venture capital fund aimed at accelerating digital innovation. This initiative aligns with the company's 'beyond the core' strategy, positioning du as a comprehensive digital ecosystem player.
In conclusion, du's strong financial performance in the first half of 2026 reflects its robust business model and strategic focus on innovation and value creation. The company's continued investments in digital transformation and strategic partnerships are expected to drive future growth and enhance shareholder value.
