du reports a healthy H1 2026 performance with 12.6% net profit growth

Steady first half performance with revenues growing by 5.8%, EBITDA margin expanding to 49.2% and Net Profits rising by 12.6% year-on-year 

The Board of Directors has approved an interim cash dividend of AED 0.26 per share

Dubai, UAE. 22 July 2026 – Emirates Integrated Telecommunications Company PJSC (du) reported its financial results for the second quarter of 2026. Revenues for the quarter grew by 4.6%, reflecting the continuation of the softer trends that emerged in March. Despite the headwinds, the company delivered healthy quarterly performance with service revenue growing at 6.7%, EBITDA growth of 9.2%, and an EBITDA margin of 48.8%, an expansion of 2 percentage points year-on-year. Net profit for the quarter increased by 9.8% year-on-year, highlighting the resilience of the Company's operating model, disciplined cost management and continued focus on value creation. In light of these resilient financial results, the Board has approved an interim cash dividend of AED 0.26 per share, representing an increase of 8.3% year-on-year.

Q2 2026 Highlights

• Subscriber growth moderated from prior periods, with Mobile and Fixed bases growing by 1.6% and 5.5% respectively reflecting lower activation levels since the onset of the regional conflict. 
• Revenue growth of 4.6%, reflecting the challenging operating environment during the quarter.  
• Resilient EBITDA growth of 9.2% and margin expansion by 2.0 pp to 48.8%, with net profit growing by 9.8% to AED 798 million.
• Capital deployment remains on track, with data centre projects accelerating as we approach the launch of services under our agreement with a global hyperscaler.
• Advancing our 'beyond the core' strategy with the launch of du Ventures, a venture capital fund established in partnership with Shorooq, targeting early and growth-stage companies developing emerging technologies

Malek Al Malek, Chairman said:

"du delivered a strong set of results during the first half of the year, once again demonstrating the resilience of its business model and the strength of its execution. These results were achieved despite heightened regional tensions during the period, supported by disciplined strategy execution, operational excellence, and a clear long-term vision. We remain focused on building upon two decades of innovation, growth, and contribution to the UAE's digital transformation journey. During the first half, we continued to strengthen our digital infrastructure capabilities through the accelerated execution of our plans and the diversification of our investment programmes. 

The Board remains confident in management's ability to navigate evolving market conditions while maintaining a strong customer focus, operational excellence, and disciplined execution. These qualities continue to reinforce du's leadership position and support the delivery of sustainable long-term value. This confidence is underpinned by our strong fundamentals, healthy cash generation, and disciplined approach to capital allocation, which continue to provide the flexibility to invest in future growth while delivering attractive returns to shareholders. Accordingly, the Board has approved the distribution of an interim dividend of 26 fils per share."

Fahad Al Hassawi, CEO commented: 

"Our performance during the second quarter reflects the disciplined execution of our strategy, the strength of our customer proposition and our ability to quickly adapt to fluid market conditions. We focused on maintaining commercial momentum through targeted customer initiatives, enhancing our value propositions, strengthening customer engagement and continuing to invest in the quality of our services and networks. We delivered subscriber growth in mobile and fixed during the quarter, albeit at a measured pace compared to prior quarters. We continued to make meaningful progress against our strategic priorities, and accelerated our investments in cloud, AI and data centre solutions, to strengthening our digital infrastructure portfolio. During the quarter, we also expanded our innovation agenda through the launch of du Ventures established in partnership with Shorooq, a strategic investment platform focused on supporting high-potential companies developing emerging technologies. This development reflects our commitment to fostering innovation, creating new growth opportunities, and contributing to the UAE's knowledge-based economy. We also managed our costs carefully to protect our margins and cope with a volatile situation. These efforts enabled us to sustain both top-line and bottom-line growth despite a softer monetisation trend and a cautious spending environment, demonstrating the resilience of our business model."