du Reports Impressive Q1 2026 Outcomes: Profit Rises 15.5%

Post by : Bianca Suleiman

Emirates Integrated Telecommunications Company PJSC, known as du, has revealed notable financial outcomes for the first quarter ending on March 31, 2026. Despite a dip in March attributable to geopolitical factors and a slowdown in travel, the company exhibited steady growth.

Revenue reached AED 4.1 billion, reflecting a year-on-year increase of 6.9%. The initial months of the year saw substantial growth, particularly in mobile, fixed, and enterprise services. However, March brought challenges, including decreased tourist numbers and lower roaming activities.

EBITDA soared by 11.7%, totaling AED 2.0 billion, resulting in a notable EBITDA margin of 49.5%. The net profit surged by 15.5% compared to the previous year, amounting to AED 0.8 billion, driven by robust EBITDA and stringent cost management.

Operating free cash flow also exhibited a positive trend, increasing 14.2% to AED 1.7 billion, underscoring strong earnings coupled with disciplined capital expenditure. The capital expenditure for this quarter was recorded at AED 386 million, with a capital intensity of 9.4%.

The mobile subscriber count expanded by 6.1%, totaling 9.7 million, while postpaid users rose by 9.6% to 2.0 million. Prepaid services experienced a growth of 5.2%, bolstered by adaptable value plans. The fixed-line customer base improved by 6.3%, reaching 745,000, largely due to rising demand for home wireless and fibre connections.

du emphasized its sustained strength in enterprise connectivity and ICT services, alongside consistent growth in digital offerings. Although March witnessed temporary stress in usage patterns, particularly in roaming and prepaid activations, the overall network performance stayed robust.

Financial stability remains firmly intact, characterized by a strong net cash position without any debt on the balance sheet. Moreover, du successfully refinanced a AED 2 billion revolving credit facility in April, extending it to a seven-year duration under favorable terms, thus enhancing liquidity and financial adaptability.

The company intends to uphold its full-year guidance while remaining vigilant about market conditions.

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