Financial Highlights


Financial Highlights for Q4 2022

  • Aggregate Subscriber Base – 163 million, representing a year over year increase of 2%
  • Consolidated Reported Revenues – AED 13.1 billion, representing a year over year decline of 4% with a constant currency growth of 6%
  • Consolidated Reported EBITDA – AED 6.0 billion, representing a year over year decline of 8% with growth remaining stable in constant currency and an EBITDA Margin of 46%
  • Consolidated Net Profit After Royalty – AED 2.7 billion, representing a year over year increase of 25% with a net profit margin of 20%
  • Consolidated Capital Spending – AED 2.9 billion, stable year over year with an intensity ratio of 22%
  • Operating Free Cashflow – AED 3.1 billion, representing a year over year decrease of 15% and a margin of 24%

Key Developments in Q4 2022

  • e& was named the most valuable portfolio of telecom brands in the MEA region by the Brand Finance Global 500 report. etisalat by e& also retained its position as the strongest telecom brand across all categories in the MEA region and was ranked in the top three telecom brands globally.
  • e& committed to achieving a net zero operation in the UAE by 2030 during its participation at COP27, becoming the first private sector entity in the country to join the UICCA to support the UAE's net zero strategy.
  • The consortium, of which E-Vision owns 66.7%, acquired the controlling stake in STARZPLAY ARABIA. The acquisition provides potential for international expansion, leveraging the entertainment platform’s reach across 20 global telcos.
  • etisalat by e& in UAE was named the most valuable ‘Emirati’ brand of the year by Kantar Brandz.
  • e& increased its ownership in Vodafone Group to 11% in 2022 and subsequently to 14% as of February 2023.
  • First rewards-based, consumer fitness and wellness platform launched in the UAE.
  • To enhance capabilities in cloud management, e& enterprise formed a JV with Bespin Global to offer cloud managed and professional services in the METAP region.
  • Launched FutureNow Sustainability Challenge calling scale-ups from across the world to be part of developing innovative sustainable solutions.
  • e& enterprise partnered with Response Plus Holding (RPM) to connect ambulances with 5G saving patients’ lives in real time.
  • e& enterprise sealed a partnership with SentiOne to offer omni-channel conversational AI solutions for business customers.
Key Figures

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