UAE-based telecom and technology group e& has delivered its strongest financial performance to date, posting a 23.1% year-on-year increase in consolidated revenues for FY 2025. Total revenues reached AED 72.9 billion (approximately $19.85 billion), highlighting the company’s sustained growth momentum across regional and international markets.
Net profit surged 33.6% to AED 14.4 billion, while EBITDA rose 21.1%, demonstrating improved operational efficiency and stronger margins. The group’s global subscriber base expanded significantly to approximately 244.7 million customers, reinforcing its position as a leading telecom and digital services provider.
Pakistan Operations Strengthen Through Expansion
In Pakistan, e& operates through Pakistan Telecommunication Company Limited (PTCL) and its mobile arm Ufone. During the year, the group continued its network modernization and fiber expansion initiatives.
Ufone maintained operational stability while expanding its 4G footprint, and PTCL accelerated its fiber-to-the-home (FTTH) deployments to enhance broadband penetration. A major milestone was the acquisition of Telenor Pakistan, which strengthened spectrum assets, expanded the subscriber base, and improved operational efficiencies through consolidation.
Leadership Transition
The company also announced a key leadership transition. Group CEO Hatem Dowidar will step down effective March 31, 2026, after successfully leading the company’s transformation into a diversified global technology group. Masood M. Sharif Mahmood will assume the role of Group CEO effective April 1, 2026, marking the beginning of a new leadership phase.
Strategic Outlook
With strong financial momentum and successful regional consolidation, particularly in Pakistan, e& is well positioned for its next phase of growth. The group aims to further expand across telecom, digital services, and fintech, leveraging innovation and scale to strengthen its competitive edge in regional and global markets.
