Signal · Geopolitical Risk

‎e& Q2 2026 earnings: What to expect

Argaam - UAE News Trade press Published 28th July 2026 UAE

What the source reported

Source-reported

‎<img src="https://argaamplus.s3.amazonaws.com/47c65177-6349-4dc5-ae00-3ea96a6a591d.png" >e Group logo <hr> Argaam provides an outlook on the expected results of e Group, the main provider of various telecom services in the UAE. The group also offers telecom services in multiple countries through its subsidiaries during Q2 2026. The report covers the development of quarterly profits, key performance indicators, and profitability metrics. <table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr > <td colspan="6" > Quarterly revenue development – AED mln </td> </tr> <tr > <td > Item </td> <td > Q2 2025 </td> <td > Q3 2025 </td> <td > Q4 2025 </td> <td > Q1 2026 </td> <td > Q2 2026 (Consensus) </td> </tr> <tr > <td > Revenue </td> <td > 18,045.8 </td> <td > 18,629.2 </td> <td > 19,319.0 </td> <td > 19,416.6 </td> <td > 19,328.3 </td> </tr> <tr > <td > YoY change (%) </td> <td > +28.1% </td> <td > +29.2% </td> <td > +17.3% </td> <td > +15.1% </td> <td > +7.1% </td> </tr> </tbody> </table> <div ></div> <div > <table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr > <td colspan="6" > Quarterly net income development – AED mln </td> </tr> <tr > <td > Item </td> <td > Q2 2025 </td> <td > Q3 2025 </td> <td > Q4 2025 </td> <td > Q1 2026 </td> <td > Q2 2026 (Average Consensus‎) </td> </tr> <tr > <td > Net income </td> <td > 3,472.3 </td> <td > 2,986.3 </td> <td > 2,546.8 </td> <td > 2,882.5 </td> <td > 2,994.9 </td> </tr> <tr > <td > Exceptional items </td> <td > 0.0 </td> <td > 0.0 </td> <td > 0.0 </td> <td > 0.0 </td> <td > 0.0 </td> </tr> <tr > <td > Net income before exceptional and non-recurring items </td> <td > 3472.3 </td> <td > 2986.3 </td> <td > 2546.8 </td> <td > 2882.5 </td> <td > 2994.9 </td> </tr> <tr > <td > EPS excluding non-recurring items (AED/shr) </td> <td > 0.40 </td> <td > 0.34 </td> <td > 0.29 </td> <td > 0.33 </td> <td > 0.34 </td> </tr> </tbody> </table> <div ></div> Key events in Q2 2026:</div> e Enterprise Cloud, a subsidiary of the group, was awarded a AED 22.74 million project contract for maintenance, technical support, and operational services at the Mohammed bin Rashid Library in partnership with Naseej Technology. O2 Slovakia, one of the E PPF Telecom Group companies owned by e Group, completed the full acquisition of assets of UPS Slovakia for EUR 95 million. AD Ports and e UAE announced the deployment of a high-capacity, AI-ready terrestrial communication network linking key maritime and logistics assets across AD Ports’ portfolio.. The group signed a binding agreement with Uber Technologies to sell a 12.5% stake out of its 50.03% ownership in Careem Technologies, for a total cash consideration of $100 million (AED 367 million). The group said this step reflects its increased strategic focus on core operations and disciplined capital allocation. Consensus estimates for Q2 2026: The average research house estimate points to net profit of AED 2,922.0 million for the company, based on coverage from six research houses, which is down about 14% from Q2 2025. <table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr > <td colspan="2" > Average Consensus – AED mln </td> </tr> <tr > <td > Research house </td> <td > Forecast (AED mln) </td> </tr> <tr > <td > Ubhar Capital </td> <td > 3,100.3 </td> </tr> <tr > <td > United Securities </td> <td > 3,039.0 </td> </tr> <tr > <td > Financial Securities Investment </td> <td > 3,029.0 </td> </tr> <tr > <td > FAB Securities </td> <td > 2,958.0 </td> </tr> <tr > <td > Goldman Sachs </td> <td > 2,956.9 </td> </tr> <tr > <td > BofA </td> <td > 2,886.0 </td> </tr> <tr > <td > Consensus average </td> <td > 2,994.9 </td> </tr> <tr > <td > Net income before exceptional and non-recurring items(Q2 2025) </td> <td > 3,472.3 </td> </tr> <tr > <td > Variance(%) </td> <td > (14%) </td> </tr> </tbody> </table> <div ></div> <table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr > <td colspan="3" > Share performance </td> </tr> <tr > <td > Item </td> <td > Company </td> <td > Market </td> </tr> <tr > <td > Change since start of year </td> <td > +7.96% </td> <td > (1.48%) </td> </tr> <tr > <td > Change(last 12 months) </td> <td > +4.32% </td> <td > (4.79%) </td> </tr> <tr > <td > Previous close </td> <td > 19.80 </td> <td > 9,845.11 </td> </tr> <tr > <td > Operating P/E (x) </td> <td > 14.48 </td> <td > 22.45 </td> </tr> <tr > <td > EPS excluding non-recurring items (12M) (AED/shr) </td> <td > 1.37 </td> <td > -- </td> </tr> </tbody> </table> <div ></div>

Publication: Argaam - UAE News · Trade Publication
Published: 28th July 2026
Original report: argaam.com

ProcIntel stores what the source published in its feed — a headline, a summary and a link. It does not store or reproduce the full article.

What ProcIntel recorded

ProcIntel-derived

Category: Geopolitical Risk
Geography: UAE
Organisations: None identified
Collected: 31st July 2026 · 10:19

Initial assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.

A provisional, automatically computed reading of this individual Signal, before Event extraction or human review. Not a final rating.

Significance 2 · Moderate

Confidence 2 · Low

Initial Significance Moderate (35.0/100). Strongest contributor: Procurement Impact (27.0/30 points). Limiting factor: Geographic Breadth (0.0/10 points). Initial Confidence Low (39.0/100, data sufficiency: Partial). Strongest contributor: Source Authority (20.0/40 points). Limiting factor: Extraction Quality (3.0/15 points).

Strongest contributor: Procurement Impact
Limiting factor: Geographic Breadth

Possibly the same underlying story as ‎What to expect for DEWA Q2 2026 — flagged automatically, never merged automatically.

What the source reported

What ProcIntel recorded

Initial assessment ⓘMore about Initial Signal AssessmentProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.

Initial assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.