Du says 2025 revenue rises 9% to beat guidance

Dubai-listed Emirates Integrated Telecommunications Company, operator of the Du brand in the UAE, said revenue for 2025 exceeded its guidance range as net earnings rose.

The telco reported a 17 percent increase in net profit to AED2.9 billion ($789 million) last year as its subscriber base added 9 percent.

Revenue gained nearly 9 percent to AED15.9 billion, driven by growth across its mobile, fixed and wholesale businesses. The top line beat guidance by 5 to 7 percent.

Mobile revenue climbed 8 percent to AED7.1 billion, while fixed revenue rose more than 9 percent to AED4.4 billion.

Du said its mobile customer base reached 9.7 million, up 788,000 over the past 12 months. The fixed customer base rose to 735,000, with 53,000 new subscribers.

Capex climbed 11 percent to AED2.3 billion in 2025.

Fourth-quarter net profit rose 24 percent year on year to AED724 million, as revenue increased 11 percent to AED4.3 billion. 

The board recommended a final dividend of 40 fils per share for the second half of 2025, bringing the total dividend for last year to 64 fils per share, an all-time high.

The stock rose 2.3 percent to AED10.95 on Tuesday morning, up 7 percent year-to-date.

Emirates Investment Authority, the UAE wealth fund, owns 50.1 percent of the telecom operator.

Further reading:

• Mubadala unit sells Du stake for $858 million
• UAE’s Du and Microsoft to build $544m hyperscale data centre
• New subscribers drive 22% profit rise at Dubai-listed Du