Financial Highlights


Financial Highlights for Q1 2021

  • Aggregate subscriber base reached 156 million, representing a year over year increase of 4%;
  • Consolidated revenues for the first quarter amounted to AED 13.2 billion, representing an increase of 0.8% year over year and 1.2% quarter over quarter;
  • Consolidated EBITDA for the first quarter amounted to AED 6.8 billion, representing an increase of 0.7% year over year and 7.4% quarter over quarter, resulting in EBITDA margin of 51%, stable compared to prior year;
  • Consolidated net profit after Federal Royalty amounted to AED 2.3 billion, representing a 7.9% increase year over year and 14.7% quarter over quarter, resulting in a net profit margin of 18%;
  • Consolidated capital spending remained flat at AED 1.1 billion, representing 8% of the consolidated revenues; and
  • Consolidated free cash flow amounted to AED 5.7 billion, representing a 0.9% increase year over year.

Key Developments in Q1 2021

  • Etisalat Group shareholders approved to distribute a full year cash dividend of 80 fils per share for the fiscal year 2020 and additional one-time special dividends of 40 fils per share at the Company General Assembly Meeting held on 17 March 2021. In addition, shareholders approved raising foreign ownership limit from 20% to 49%;
  • Reconstitution of Etisalat Group's Board of Directors for a tenor of 3 years;
  • Etisalat was crowned the strongest brand in the MEA region across all categories;
  • Etisalat launched the Smiles food order and delivery services in the UAE;
  • Etisalat partnered with Rakuten to accelerate its adoption of OpenRAN technology;
  • Etisalat and Cisco announced they are building the region's first open and autonomous and secured network;
  • Etisalat Misr and Huawei completed the first VoLTE call using Huawei's Virtual IMS;
  • Etisalat collaborated with Smart Dubai to provide cyber security services to Dubai government entities;
  • Etisalat partnered with Etihad Airways' to provide mobile and digital solutions for the small and medium business (SMB) and startup community;
  • Digital Financial Services partnered with Al-Futtaim to enable secure and contactless payment options for eWallet customers; and
  • As part of its commitment to support and empower People of Determination Etisalat partnered with Ministry of Community Development to launch a web extension to make accessing the web autistic friendly.
Key Figures

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