etisalat reported consolidated revenue of AED19.5 billion ($5.31 billion) for the third quarter (Q3), growing 6.9% year-over-year (YoY). Consolidated revenues for the first nine months of 2026 reached AED57.6 billion ($15.68 billion), up 10 per cent YoY.
Consolidated net profit in Q3 reached AED11.2 billion ($3.05 billion), while consolidated net profit for the first nine months of 2026 reached AED17.2 billion ($4.68 billion), up 45.9% YoY, reinforced by continued progress in building higher-value capabilities across connectivity, sovereign digital infrastructure and AI and by disciplined portfolio management.
In Q3, EBITDA rose by 5.1% YoY, reaching AED9.0 billion with a margin of 46.1%. For the first nine months of 2026, EBITDA reached AED26.7 billion, a growth of 10.3 per cent YoY, with a margin of 46.4%.
etisalat’s total subscriber base reached 254.8 million in Q3 2026, representing 29.4% YoY growth. In the UAE, subscribers rose 5.2% YoY to16.5 million, driven by strong demand for advanced digital services and intelligent connectivity.
The quarter also saw the completion of etisalat’s sale of its entire stake in Vodafone Group, generating total consideration of AED21.9 billion, including the final dividend and gain of approximately AED8 billion. The transaction contributed to the group’s financial performance during the quarter, providing additional financial flexibility.
As etisalat marks its 50th anniversary, it has set out a new vision to become a leading AI-powered and enabling telco and moved forward under the etisalat name, symbolising the central role of connectivity in the AI era. This ambition builds on the capabilities developed across digital services, cloud, cybersecurity, AI, infrastructure and fintech, bringing them into sharper focus around our strong telecommunications foundation with AI at its core, it said.
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