Emirates Integrated Telecommunications Company (DU) Q4 2025 earnings summary

Executive summary

• Achieved double-digit revenue growth in Q4 2025, surpassing guidance and driving strong profitability and shareholder returns.

• Net profit increased 16.8% to AED 2,905 million, supported by disciplined cost management and revenue growth.

• Board proposed a record annual dividend of 64 fils per share, with a payout ratio of nearly 100%, the highest in company history.

• Major operational milestones included scaling digital financial services, expanding digital infrastructure, and a successful secondary public offering.

• Enabled future revenue streams through digital expansion and new service launches.

Financial highlights

• Q4 2025 revenues grew 10.6% year-over-year to AED 4,283 million; full-year revenues up 8.7% to AED 15,905 million.

• Q4 EBITDA increased 16.3% to AED 1,837 million (margin 42.9%); FY EBITDA up 13.4% to AED 7,338 million (margin 46.1%).

• Q4 net profit rose 23.8% to AED 724 million; FY net profit up 16.8% to AED 2,905 million.

• Capex for FY 2025 was AED 2,274 million (14.3% capital intensity); operating free cash flow reached AED 5,065 million.

• Maintained a solid net cash position and robust liquidity, with total liquidity at AED 4,231 million at year-end.

Outlook and guidance

• 2026 revenue growth guidance set at 5-7% with an EBITDA margin target of 46-47%.

• Strategic focus on scaling digital services, expanding data center footprint, and deepening ICT capabilities.

• Positive outlook with continued focus on monetizing connectivity, digital infrastructure, and accelerating AI-enabled services.

• Guidance exceeded for revenue growth, with expectations to maintain financial discipline and sustainable value creation.