du Reports 15.5% Profit Increase in Q1 2026 Despite March Challenges

Apr 22, 2026

67 min

Apr 22, 2026 15:30

du posts 15.5% profit growth in Q1 despite March slowdown linked to regional tensions

## Strong Start to 2026

Emirates Integrated Telecommunications Company, known as du, has reported a notable 15.5% increase in net profit for the first quarter of 2026, reaching Dh834 million. This growth occurred despite a slowdown in March due to regional geopolitical tensions.

## Revenue and Earnings Growth

The company's revenue rose by 6.9% year-on-year to Dh4.1 billion. Earnings before interest, tax, depreciation, and amortization (EBITDA) increased by 11.7% to Dh2.0 billion, with margins reaching a record 49.5%. The growth was driven by strong performance in mobile, fixed, and enterprise segments during January and February.

## Impact of Geopolitical Tensions

March saw a shift in operating conditions, with geopolitical developments affecting tourist inflows and roaming activity. This led to a reduction in gross subscriber additions and a temporary dip in average revenue per user (ARPU).

## Core Services and Subscriber Growth

Service revenues grew by 8.7% to Dh3.0 billion, with mobile services up by 7.2% and fixed services by 11.1%. The mobile subscriber base expanded by 6.1% to 9.7 million, with postpaid subscriptions increasing by 9.6%.

## Financial Stability and Outlook

Operating free cash flow rose by 14.2% to Dh1.7 billion, supported by disciplined capital spending. The company refinanced a Dh2 billion credit facility in April, enhancing liquidity. Despite uncertainties, du maintains its full-year guidance, emphasizing the resilience of its business model.

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