BENGALURU: Â Dubai-based Emirates Integrated Telecommunications Company PJSC, commonly known as du, unveiled a remarkable financial performance characterised by a 42.7 per cent surge in profit, reaching AED719 million.
The figure not only marks the highest quarterly net profit in three years but also reflects a robust operational strategy that effectively capitalised on burgeoning market demand and technological advancements. Such growth is predominantly attributed to a strong EBITDA performance and a strategic reduction in most post-EBITDA expenditures.
The telecom operator’s revenues also witnessed an impressive increase of 9.1 per cent, totaling AED3.6 billion, largely fueled by strong commercial momentum.
Notably, the third-quarter EBITDA margin achieved a milestone of 48.3 per cent, the highest since the company’s inception in December 2005. The exceptional performance underscores du’s commitment to refining its core business while pursuing selective expansions that enhance its position as a leading integrated digital services provider.
Venturing into broader horizons
CEO Fahad Al Hassawi articulated the company’s strategic intent, stating that du aims to reinforce its core connectivity services while also venturing into broader digital horizons.
The introduction of two new sub-brands, du Tech and du Infra, evidences this shift, emphasizing a commitment to driving comprehensive digital transformation throughout its service offerings. Al Hassawi further noted that the deployment of advanced technologies, such as 5G standalone and artificial intelligence, lays the groundwork for transformative digital experiences for individuals, enterprises, and government entities alike.
In terms of customer growth, du’s mobile subscriber base experienced a 2.7 per cent increase year-over-year, reaching 8.3 million subscribers, bolstered by dynamic B2B initiatives and attractive consumer offers.
The postpaid segment particularly thrived, showcasing a 12.5 per cent growth, further affirming the efficacy of the company’s targeted marketing strategies. In contrast, the prepaid segment remained stable, indicating a solid foundation in diverse customer demographics.
Moreover, du’s fixed customer base soared by 14.2 per cent, reaching 655,000 subscribers, a trend fueled by a growing preference for fibre and home wireless solutions. Additionally, the company’s other revenue streams grew by 14.1 per cent to AED944 million, propelled by the performance of its wholesale business and successful equipment sales, particularly following the highly anticipated launch of the iPhone 16.
