e&’s profit jumps in Q3 2025 as the UAE telecom giant posts a 29% revenue rise and hits 202 million subscribers, signaling strong growth across the MENA telecom market.
e&, the UAE telecoms operator formerly known as Etisalat, has reported a sharp rise in profit and revenue for the third quarter of 2025, driven by its expanding subscriber base.
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Revenue for the quarter surged 29% year-on-year to AED18.6 billion ($5.1 billion), compared with AED14.2 billion a year earlier. Net profit rose 6% to AED3.3 billion, according to the company’s statement to the Abu Dhabi Securities Exchange.
For the first nine months of 2025, revenue increased 25% to AED53.5 billion, while net profit soared 61% to AED13.2 billion. The company’s total subscriber base grew 14%, reaching 202 million across markets.
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Consolidated capital expenditure more than doubled year-on-year to AED3.8 billion by the end of September, mainly due to the consolidation of e& PPF Telecom and higher capex from Maroc Telecom in Morocco, Niger, and Mali.
Shares in e& closed 0.4% higher at AED19.2, up 19% year-to-date, while the Emirates Investment Authority maintains a 60% ownership stake.
Why It Matters to MENA Startups
The rise in its underscores the region’s accelerating digital transformation and expanding telecom infrastructure. For MENA startups, this momentum opens collaboration opportunities in AI integration, 5G services, and IoT solutions. As it continues to scale its digital platforms, it sets the tone for partnerships that drive innovation and connectivity across the region.
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