Press releases, Reports & Disclosures for Emirates Integrated Telecommunications Company PJSC

The Annual Report 2024 for Emirates Integrated Telecommunications Company PJSC (du) focuses on the company's efforts to shape a digitally enabled future. The report likely details the company's strategic initiatives, financial performance, and advancements in technology and digital services, highlighting its commitment to innovation and growth in the telecommunications sector.

The Board of Directors of Emirates Integrated Telecommunications Company P JSC invites shareholders to the General Meeting on March 17, 2025, at the company's headquarters in Dubai and virtually. The agenda includes reviewing and approving the Board of Directors' and auditors' reports, financial statements, and dividend distribution of AED 0.54 per share for 2024. Other items include approving the dividend policy, discharging liabilities of the Board and auditors, approving Board remuneration of AED 12,690,000, appointing auditors for 2025 with fees of AED 2,200,000, and considering community contributions. Shareholders may attend in person or virtually, with electronic registration required for virtual attendance. Proxy representation is allowed under specific conditions. The meeting requires at least 50% shareholder representation for validity, and a second meeting is scheduled if quorum is not met. Shareholders registered by March 14, 2025, can vote, and those registered by March 27, 2025, are eligible for dividends. Financial documents are available on the Dubai Financial Market and company websites.

Emirates Integrated Telecommunications Company PJSC (du) reported strong financial results for the fourth quarter and full year of 2024. The company achieved a net profit increase of 49.1% to a record AED 2.5 billion, driven by revenue growth of 7.3% to AED 14.6 billion and an EBITDA margin expansion to 44.2%. The annual dividend reached 54 fils per share, marking a 59% year-on-year increase and the highest in the company's history. The company also reported operating cash flow growth of 23.0% to AED 4.4 billion and formed strategic partnerships with Orange and Telefónica to enhance innovation and growth.

The text refers to the consolidated financial statements of Emirates Integrated Telecommunications Company PJSC and its subsidiaries for the year ending December 31, 2024.

Emirates Integrated Telecommunications Company PJSC (du) reported strong financial results for the third quarter of 2024. The company achieved a 9.1% increase in quarterly revenues, reaching AED 3.6 billion, and a 16.9% growth in EBITDA to AED 1.7 billion, with a record EBITDA margin of 48.3%. Net profit for the quarter rose by 42.7% to AED 719 million, marking the highest quarterly net profit in the last three years. For the first nine months of 2024, net profit surged by 49.7% to AED 1.9 billion. This performance is attributed to sustained commercial momentum, strategic execution, and efficient cost management. The company has made significant progress in its connectivity business and is evolving into a leading Telecom and Digital Services Provider. Key developments include a strategic overhaul of its B2B portfolio with new sub-brands and a global partnership with Orange to support innovation and digital transformation. Capital expenditure normalized with a capital intensity of 12.2% in the first nine months, and the company reaffirmed its guidance for fiscal year 2024.

The document is a review report and includes condensed consolidated financial statements for Emirates Integrated Telecommunications Company PJSC and its subsidiaries, covering the nine-month period ending on September 30, 2024.