The Emirates telecommunications company known as du witnessed a 10.8% increase in net income year-on-year to AED 2.4 billion for the nine months of 2026. The performance was driven by the high demand for connectivity and digital services.
Revenues increased by 6.2% to AED 12.3 billion for the same period. Services revenues saw a 6.8% increase to AED 9 billion.
Du saw an increase in its EBITDA to AED 6 billion, which marked an improvement of 9.2%. Du also had an increase in its EBITDA margin to 48.7%, showing improvement of 1.3 percentage points. Du saw further improvements in its third quarter results. It had a revenue increase of 7.1%, while it had a net profit increase of 7.3% to AED 786 million.
Subscriber growth added to the company's performance. Du's mobile subscriber base expanded 3.3%, while fixed-line subscribers increased 5.2%. The figures point to continued demand for telecom services across the UAE.
Du has renewed its Public Telecommunications Licence for 20 years during the third quarter. Du also got a three-year extension for its royalty regime. The company was also added to the MSCI UAE Standard Index and the FTSE All-World Index after fulfilling the requirements for inclusion in the indexes, especially that of share liquidity.
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Du is aiming at diversifying from its traditional telecom offerings by making investments in data centers, cloud computing and connectivity solutions. The CEO of du, Fahad Al Hassawi stated that the first nine months' performance was a result of the strong performance of the firm as well as its purpose-driven growth strategy.
Al Hassawi further stated that investments in digital infrastructure were enabling du to broaden its offerings with rising demand for technology and connectivity in UAE.
The performance indicates the efforts of du to boost its core telecom offering along with development of its digital offerings.