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e& reports 11.6% increase in consolidated revenue to AED 38.1 billion in H1 2026

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Consolidated revenue for the first half increased to AED 38.1 billion, achieving 11.6% growth YoYThe Group’s consolidated net profit reached AED 6.0 billion, growing by 2.4% YoY (excluding the gain from the sale of Khazna and the Maroc Telecom settlement in H1 2025)EBITDA reached AED 17.7 billion, an increase of 13.1% compared to the same period last year, with a profit margin of 46.5%Interim DPS of 47.5 fils, an increase of 10.5% compared to the same period last year Strategic portfolio reset to sharpen the focus on strengthening core businesses with the sale of stake in Vodafone at a premium to the market price, and the partial sale of 12.5% stake in Careem Technologies

ABU DHABI, UAE, July 30, 2026 /PRNewswire/ — e& today announced its financial results for the first half of 2026 (H1 2026), delivering strong financial and business performance that reflects the Group’s ability to sustain growth across its home market and international operations. This performance was driven by a clear strategy focused on core businesses, comprehensive digital transformation, and accelerating AI-powered innovation.

During the first six months of this year, e& recorded strong growth in its consolidated revenue, reaching AED 38.1 billion, representing an increase of 11.6 per cent year-on-year (YoY). Consolidated net profit reached AED 6.0 billion, marking YoY growth of 2.4 per cent, excluding the gain on the sale of Khazna and the impact of the Maroc Telecom (MT) settlement in 2025.

EBITDA in H1 2026 reached AED 17.7 billion, a YoY increase of 13.1 per cent, resulting in a strong EBITDA margin of 46.5 per cent. These financial results are supported by the continued growth of the Group’s overall subscriber base, which grew by 30.4% per cent to reach 251.5 million subscribers, while the number of e& UAE subscribers reached 16.5 million, an increase of 6.4 per cent YoY.

This performance reflects growing customer demand for the Group’s portfolio of innovative services and solutions, as well as its ability to meet increasing demand for advanced connectivity infrastructure and deliver differentiated, AI-enhanced digital experiences for consumers and businesses.

Following a comprehensive strategic review of the Group’s international investment portfolio after the end of the second quarter, e& successfully completed the sale of its entire stake in Vodafone Group Plc. The transaction generated gross cash proceeds of AED 21.9 billion (USD 5.95 billion) and net cash return of AED 4.8 billion (equivalent to USD 1.3 billion). Similarly, e& completed the sale of 12.5 per cent of its 50.03 per cent stake in Careem Technologies to Uber for total consideration of AED 367 million (USD 100 million). 

Financial Highlights for H1 2026

H1 2026

H1 2025

% Change

Q2 2026

Q2 2025

% Change

Consolidated
Revenue (1)

38.1 billion
dirhams

34.2 billion
dirhams

11.6 %

19.2 billion
dirhams

17.7 billion
dirhams

8.7 %

Consolidated
Net Profit

6.0 billion
dirhams

5.9 billion
dirhams (2)

2.4 %

3.1 billion
dirhams

3.1 billion
dirhams (2)

1.1 %

EBITDA (1)

17.7 billion
dirhams

15.7 billion
dirhams

13.1 %

9.0 billion
dirhams

8.2 billion
dirhams

9.8 %

Earnings Per
Share

AED 0.69

AED 0.67
(2)

2.4 %

AED 0.36

AED 0.35
(2)

1.1 %

Total Group
Subscribers

251.5 million
subscribers

192.9
million
subscribers
(3)

30.4 %

251.5
million
subscribers

192.9
million
subscribers
(3)

30.4 %

UAE
Subscribers

16.5 million
subscribers

15.5 million
subscribers

6.4 %

16.5 million
subscribers

15.5 million
subscribers

6.4 %

(1)  Financial results of 2026 and comparative 2025 excludes Careem Technologies due to the deconsolidation after the partial sale of 12.5% stake.

(2)   Q2 2025 net profit & EPS adjusted for the impact of MT settlement, while H1 2025 net profit and EPS are adjusted for the impact of MT settlement and
the gain from sale of Khazna 

(3)  Adjusted for Maroc Telecom reported number

Commenting on the financial results, H.E. Jassem Mohamed Bu Ataba Alzaabi, Chairman of e& Group, said: “Our results today confirm that the Group is making steady progress towards leading the digital future. We have successfully navigated regional and global challenges with agility and turned these challenges into real opportunities for business growth. 

“Our financial performance in the first half of 2026 reflects the success of our strategy, which is built on the strength of e&’s core business portfolio, alongside our continued investments in technology infrastructure and advanced digital solutions. This has provided us with a solid foundation to sustain growth and reinforce our leadership across regional and international markets, as clearly demonstrated by consolidated revenue of AED 38.1 billion in the first half of 2026.

“The ongoing and rigorous assessment of our international investments is one of the key pillars through which we maintain e&’s financial strength and ensure the highest value and returns for shareholders. The completion of the sale of our stake in Vodafone in July 2026 generated AED 21.9 billion in cash proceeds and resulted in a net cash gain of AED 4.8 billion.

“Guided by the vision and support of the UAE’s wise leadership, e& will continue to play a role in shaping the digital landscape and advancing social and economic progress. We will continue to strengthen our position and explore new technological frontiers, building on solid foundations to drive long-term growth and strengthen our leadership as a trusted partner in enabling comprehensive digital transformation. We will also continue to deliver innovations that strengthen the UAE’s position on the global technology map.”

Masood M. Sharif Mahmood, Group Chief Executive Officer of e& Group, said: “Despite the recent regional and global challenges, e& demonstrated the strength of its operating model and its ability to adapt throughout the first half of 2026. We also achieved a consolidated net profit of AED 6.0 billion and EBITDA of AED 17.7 billion, with a strong margin of 46.5% while maintaining healthy cash flows. This financial performance was further supported by continued growth in the Group’s total subscriber base, which increased by 30.4% to reach 251.5 million subscribers.

“These results are a testament to our proactive risk management, the diversification of our portfolio across telecommunications and digital businesses, and the integration of innovative AI applications, this reinforces shareholder confidence in our ability to lead the digital future.

“Our strategy for long term growth is built on our ability to strengthen and improve our operating model, ensuring it remains responsive to regional and global shifts. This enables us to deliver strong returns that reflect disciplined capital management and flexibility in capital and asset rotation. Our strong financial position allows us to capture promising opportunities and continue developing future-ready digital infrastructure.

The Group Chief Executive Officer concluded: “e&’s greatest strength lies in its ability to ensure business continuity while delivering reliable digital services enhanced by advanced AI capabilities. e& maintained service continuity, strengthened network readiness, supported remote work and education ecosystems, and provided reliable digital infrastructure for individuals, businesses, and government entities. The Group has demonstrated its ability to fulfil its national and economic role, guided by the forward-looking vision of the UAE’s wise leadership.”

CONTACT: Nancy Sudheer, +971 50 705 5290, email: nsudheer@eand.com

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SOURCE e&

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Metallium Reports Substantial Progress during Quarter Ending June 30, 2026

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Core FJH Platform That Retrieves Precious Metals and Critical Minerals From e-Waste as Well as Beneficiation in Mining Industry De-Risked; Binding Contracts for Feedstock Supply; Key Agreements and Partnerships Secured or Extended

HOUSTON, July 31, 2026 /PRNewswire/ — Metallium Limited (ASX: MTM; OTCQX: MTMCF and OTCQX ADR: MTLMY) released its quarterly activities and cash flow report that showed significant progress made by the company in the quarter ending June 30, 2026. Here is a link to the full report: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-03115651-6A1336160&v=undefined.

Metallium, and its wholly owned US subsidiary, Flash Metals USA, is commercializing its patented Flash Joule Technology (FJH) that can quickly separate precious metals and critical minerals such as rare earth elements, germanium, platinum group metals, red mud and other critical minerals, as well as precious metals such as gold, from e-waste, printed circuit boards, metal-bearing catalytic converts as well as certain mining waste.

During the quarter the company substantially de-risked the FJH platform, validating its modular scale-up strategy and shifting focus to optimization, scaling and commercialization of the technology.

Initial product sales are expected in the first half of 2027 as the company is on track to commerce commercial printed circuit board processing, following the development of a proprietary printed PCB pre-processing flowsheet that improves throughput, economics, additional value recovery and new patentable IP.

During the quarter the company signed binding contracts to secure 4,000 tpa of PCF feedstock, representing approximately 50% of the company’s Stage 1 capacity of 8,000 tpa.

The diversity of the platform was demonstrated through successful FJH testing across rare earths, gallium, germanium, platinum group metals and other critical metals. The company expects to report these results next month.

Commercial agreements and partnerships continued to be expanded and opportunities for government and defense programs advanced.

The company ended the quarter with a strong balance sheet showing a cash balance of approximately A$65 million (approximately US$45.5m). In addition, the company continues to progress toward an uplist to NASDAQ as the PCAOB audit moves forward.

Michael Walshe, managing director and CEO of Metallium said, “We have been systematically de-risking the Flash Joule Heating (FJH) platform before committing significant capital to commercial deployment. Following more than 100 test campaigns across multiple feedstocks, together with our first successful prolonged multi-reactor operating campaign, we are increasingly confident that the core FJH platform has now been substantially de-risked. Our focus has shifted from proving the technology to optimizing, scaling and commercializing the platform.”

The company’s first fully-owned and operated plant, in Texas, with a nameplate capacity of 8,000 tpa of e-waste, continues to meet its milestones, including multi units processing simultaneously. Additional milestones are scheduled to occur in the next several months.

Metallium will host an investor webinar on Monday evening, August 3 at 9 p.m. EDT to discuss the quarterly activities and provide an update on recent operational and corporate developments. Those who wish to participate may register for the webinar using the following link: https://us02web.zoom.us/webinar/register/WN_9wnft-iVTm–qF72EuZe-Q .

View original content:https://www.prnewswire.com/news-releases/metallium-reports-substantial-progress-during-quarter-ending-june-30-2026-302840090.html

SOURCE Metallium Ltd.

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Nippon Paint China Debuts at ARCHIDEX 2026, Showcasing Industrial Innovations

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KUALA LUMPUR, Malaysia, July 31, 2026 /PRNewswire/ — Nippon Paint China made its debut at ARCHIDEX 2026, held from July 29 to August 1 at the Malaysia International Trade and Exhibition Centre in Kuala Lumpur. Invited to exhibit in the China Exhibition Zone organized by the Center of Science and Technology and Industrialization Development under China’s Ministry of Housing and Urban-Rural Development, Nippon Paint China presented coating solutions across four areas: Smart Manufacturing, Air Purification, Energy Saving & Carbon Reduction, and High-Quality Housing.

As Southeast Asia accelerates the adoption of green building standards and upgrades its manufacturing base, demand is growing for materials that improve energy performance, withstand demanding climates and enable more efficient construction. Nippon Paint China brought technologies developed and validated in China to address these priorities across industrial, residential and urban environments.

Highlights included Energy-Saving Radiative Cooling Coating and a Dual-Core Aerogel Energy-Saving System designed for hot climates and energy-intensive facilities. The radiative cooling technology lowers building temperatures without additional power consumption. Under summer conditions in Shanghai, coating a 10,000-square-metre factory roof reduced monthly cooling energy use by nearly 25%, saving approximately RMB72,000 (nearly MYR43,000) in electricity costs.

For residential and public spaces, Nippon Paint showcased the Integrated Decorative Waterproofing System suited to humid, rainy conditions, alongside NAYAOJING™ Photocatalytic Coating, Energy-Saving Integrated Decorative Panel and Acoustic Flooring System. For advanced manufacturing, its Anti-Static PU Mortar Ultra-Wear-Resistant Flooring System addresses flatness, antistatic and wear-resistance requirements, while tailored systems support facilities in industries such as precision electronics, automated warehousing, and new energy.

“Going global is about more than shipping products overseas. Supply must keep pace, and services must reach the ground,” said Mr. Dragon Sun, Chief Operating Officer of Nippon Paint China. “Over nearly a decade of supporting Chinese companies abroad, we have developed a product-and-service model that combines technical expertise, local supply and cross-market collaboration. We look forward to joining forces with more partners across the value chain to support the high-quality global expansion of Chinese businesses.”

Backed by NIPSEA Group’s network of 26 manufacturing facilities across ASEAN, Nippon Paint continues to support commercial, residential, industrial and infrastructure projects throughout the region. Its ARCHIDEX debut marks another step in connecting innovation developed in China with Southeast Asia’s local conditions and development needs, while supporting broader collaboration across the construction value chain.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/nippon-paint-china-debuts-at-archidex-2026-showcasing-industrial-innovations-302840094.html

SOURCE Nippon Paint China

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Oxford International Digital Institute Launches Oxford ELLT Express to Support Time-Sensitive Student Applications

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LONDON, July 31, 2026 /PRNewswire/ — Oxford International Digital Institute (OIDI) has announced the launch of Oxford ELLT Express, a new service designed to help international students take their Speaking test with a human examiner with as little as two hours’ notice.

Oxford ELLT Express enables eligible test takers to receive their English language test results within 12 working hours of completing all components of the Oxford ELLT. The service also provides same-day Speaking test appointments, letting students take a live speaking test with a human examiner with as little as two hours’ notice.

As competition for international study opportunities continues to grow, students are increasingly required to meet tight admissions timelines. Oxford ELLT Express has been developed to provide a faster route to trusted higher education institutions, helping applicants progress their university applications with greater confidence.

Importantly, the accelerated turnaround does not change the assessment process. Every Oxford ELLT Speaking test continues to be assessed by experienced human examiners, ensuring the same standards of quality, consistency and academic integrity that institutions and partners expect from Oxford ELLT.

“Students don’t always have the luxury of time, particularly during peak admissions periods,” said Michael Shaw, Head of Digital Assessment and Product Strategy at OIDI. “By introducing Oxford ELLT Express, we’re making our test service even faster, but maintaining the rigour that comes with human examiners having a detailed conversation with students and properly assessing their speaking skills.” 

The new service is available as an optional upgrade for eligible test takers, subject to availability. While designed primarily to support students, Oxford ELLT Express also gives academic and recruitment partners another option to recommend to applicants working towards time-sensitive application deadlines.

Oxford ELLT is recognised by over 300 universities around the world, including Russell Group institutions, and forms part of OIDI’s portfolio of digital assessment solutions. The launch of Oxford ELLT Express reinforces the organisation’s ongoing commitment to providing flexible, accessible and trusted English language testing that meets the changing demands of international education.

For more information about Oxford ELLT Express, visit https://oxfordellt.com/ellt-express.

About Oxford International Digital Institute 

We are part of the Oxford International Education Group. We support students and institutions through online and hybrid academic and language programmes, teacher training qualifications, and the Oxford ELLT, our English language test taken by more than 150,000 students worldwide.

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/oxford-international-digital-institute-launches-oxford-ellt-express-to-support-time-sensitive-student-applications-302840096.html

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