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PR Newswire UK

e& lifts H1 2026 consolidated revenue 11.6% to AED 38.1 billion

AI Market Summary
UAE telecom group e& reported strong H1 2026 fundamentals: revenue +11.6% YoY to AED 38.1bn and EBITDA +13.1% with a 46.5% margin, while normalized net profit rose 2.4%. Portfolio actions (selling Vodafone stake at a premium and partially divesting Careem Technologies) improve liquidity and capital allocation discipline. Market impact is likely localized to regional equities and credit rather than broad macro assets.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT+2.20%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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UAE telecom group e& reported first-half 2026 consolidated revenue of AED 38.1 billion, up 11.6% year on year. EBITDA rose 13.1% to AED 17.7 billion, with a margin of 46.5%. Net profit was AED 6.0 billion, up 2.4% year on year after excluding the gain from the sale of Khazna and the Maroc Telecom settlement in H1 2025. The company said it is resetting its portfolio, including selling its Vodafone stake at a premium and partially selling a 12.5% stake in Careem Technologies.
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