Emirates Integrated Telecommunications Company PJSC (du) reported a robust set of results for the third quarter of 2025, supported by solid commercial momentum, strategic investments, and continued cost discipline.
The telecom operator recorded a 7.9 per cent year-on-year increase in revenues, reaching Dh3.87 billion for the quarter, driven by growth across its mobile, fixed, and ICT business segments. Net profit rose to Dh732 million, up 1.8 per cent from the same period last year. When adjusted for one-off gains in 2024, normalized net profit climbed by 25.8 per cent, highlighting the company’s operational efficiency and focus on long-term value creation.
Ebitda for the quarter stood at Dh1.85 billion, reflecting a margin of 47.8 per cent. On a normalized basis, Ebitda grew 16.8 per cent, underscoring du’s ability to deliver profitable growth through an optimized revenue mix and ongoing cost management.
“Our third-quarter performance reinforces the strong trajectory established in the first half of the year,” said Fahad Al Hassawi, CEO of du. “We continue to deliver consistent results across our key segments, with solid business fundamentals and commercial success driving robust subscriber growth and profitability.”
The company’s mobile customer base expanded by 10.3 per cent year-on-year to 9.2 million, with 854,000 new subscribers added over the past 12 months. Postpaid users increased 8.6 per cent to 1.9 million, driven by enterprise demand and the successful launch of the iPhone 17. Prepaid subscribers rose 10.7 per cent to 7.2 million, supported by strong seasonal campaigns and the popularity of the Alo brand.
The fixed-line segment also performed well, with subscribers rising 9.7 per cent to 718,000, fuelled by growing demand for home wireless and fibre broadband services.
Mobile revenues increased 8.4 per cent to Dh1.8 billion, while fixed revenues climbed 8.9 per cent to Dh1.1 billion. Other revenues, including ICT and roaming, grew 5.9 per cent to Dh1 billion, even as du strategically reduced its Hubbing operations.
A major milestone during the quarter was the successful secondary public offering, which saw Mubadala sell 75 per cent of its stake in du. The move increased the company’s free float to 27.7 per cent, enhancing liquidity and potentially paving the way for inclusion in key market indices.
Du also advanced its digital transformation strategy, launching the AI Park ecosystem and AI supercluster — initiatives that strengthen its position in sovereign AI and smart technology solutions.
Capital expenditure stood at Dh492 million, slightly below the Dh511 million recorded in Q3 2024, representing a capex intensity of 12.7 per cent. The company said higher investments are planned for the fourth quarter to support future growth.
Operating free cash flow rose 11 per cent to Dh1.36 billion, providing flexibility to fund expansion and maintain strong shareholder returns. With consistent results across three consecutive quarters, du reaffirmed its full-year 2025 guidance of 6–8 per cent revenue growth and an Ebitda margin between 45 and 47 per cent.
