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Financial Highlights

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Financial Highlights for FY 2020

  • Aggregate subscriber base reached 154 million, representing a year over year increase of 3.6%;
  • Consolidated revenues amounted to AED 51.7 billion, representing a 0.9% decrease year over year;
  • Consolidated EBITDA amounted to AED 26.4 billion, representing an increase of 0.3% year over year and resulting in EBITDA margin of 51%, higher by 0.6 percentage points compared to the prior year;
  • Consolidated net profit after Federal Royalty amounted to AED 9.0 billion, resulting in a net profit margin of 17%, and increased year over year by 3.8%;
  • Consolidated capital spending decreased by 20% to AED 7.1 billion, representing 14% of the consolidated revenues;
  • Proposed final dividend payout of 40 fils per share for the second half of 2020, representing a total dividend payout of 80 fils for the full year; and
  • Board proposed cancellation of the share buyback program and instead proposed a onetime special dividend of AED 0.40 per share. As a result, the total dividend per share for the full year 2020 is AED 1.20, subject to shareholder approval.
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Key Developments in Q4 2020

  • Etisalat UAE recognised as the fastest mobile network in the world by Ookla;
  • Etisalat named 'Best Regional Wholesale Carrier' at the 2020 Telecoms World Middle East Awards, for the 12th year;
  • Moody's completed a periodic review of Etisalat and confirmed Aa3 credit ratings with stable outlook;
  • Etisalat achieved the world's fastest 5G download speed of 9.1 Gigabits per second;
  • Etisalat joined Amazon Web Services (AWS) Direct Connect Service Delivery Programme to offer fast, private, and secure connectivity for accessing AWS cloud services;
  • Etisalat Misr was awarded 20MHz of spectrum in the 2600MHz band;
  • Maroc Telecom's subsidiary Mauritel in Mauritania was awarded 4G license;
  • Etisalat became the first in the region to adopt blockchain technology in HR, empowering its employees and enhancing their digital experience;
  • PTCL partnered with Avaya to launch its QTaleem online digital learning education platform;
  • Etisalat partnered with Blue Planet forging a path to create one of the world's most adaptive and self-optimising networks;
  • Etisalat teamed up with BMW Group Middle East to power connected drive services in the UAE;
  • Etisalat Digital and FAB collaborated to deploy a cloud-based IoT Smart Building solution; and
  • Etisalat partnered with Vectramind, a global healthcare and communications technology firm, to offer 'Firstpass' an innovative healthcare platform to its customers in the region.
Key Figures

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