Emirates Integrated Telecommunications Company PJSC (du) has announced strong financial results for the first quarter ended 31 March 2026, showing steady growth despite a slowdown in March due to regional geopolitical conditions and weaker travel activity.

The company reported revenue of AED 4.1 billion, up 6.9% year-on-year. Growth was driven mainly by strong performance in January and February across mobile, fixed, and enterprise services. However, March saw some pressure on demand, including lower tourist inflows, reduced roaming activity, and softer subscriber additions.

du’s EBITDA rose 11.7% to AED 2.0 billion, with a record EBITDA margin of 49.5%. Net profit increased 15.5% year-on-year to AED 0.8 billion, supported by higher EBITDA and cost discipline.

Operating free cash flow also showed strong improvement, rising 14.2% to AED 1.7 billion, reflecting solid earnings and controlled capital spending. Capital expenditure for the quarter stood at AED 386 million, with capital intensity at 9.4%.

The company’s mobile subscriber base grew 6.1% to 9.7 million, while postpaid users increased 9.6% to 2.0 million. Prepaid growth reached 5.2%, supported by flexible value plans. The fixed-line base rose 6.3% to 745,000 customers, driven by demand for home wireless and fibre services.

du highlighted continued strength in enterprise connectivity and ICT services, alongside steady expansion in its digital offerings. Although March brought temporary pressure on usage patterns, especially in roaming and prepaid activations, overall network operations remained stable and uninterrupted.

Financial stability remained strong, with a solid net cash position and no leverage on the balance sheet. In April, du also refinanced a AED 2 billion revolving credit facility, extending it to a 7-year tenor on improved terms, further strengthening liquidity and financial flexibility.

The company stated it will maintain its full-year guidance while continuing to monitor market conditions closely.