‎e& Q2 2026 earnings: What to expect

Source: Argaam - UAE News
Source link: https://www.argaam.com/en/article/articledetail/id/1923693
Published: 2026-07-28 12:38:00
Discovered by ProcIntel: 2026-07-31 10:19:26
Category: GCC Spotlight
Geography: UAE
Organisations: —
Review status: Pending
Record type: REAL

Summary

‎<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>

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

Procurement Relevance Gate

PASS — score 43.9/100 — evaluated 2026-07-31 10:19:26

Passed on: supplier_or_company_impact, logistics_freight_transport, capacity_production_disruption, geographic_exposure (score 43.9/100, threshold 20.0).

supplier_or_company_impact (weight 12) — matched on "subsidiary"
logistics_freight_transport (weight 12) — matched on "logistics"
capacity_production_disruption (weight 12) — matched on "capacity"
geographic_exposure (weight 8) — matched on "1 linked geography"

Initial Signal 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.

Initial Significance: 2 · Moderate (35.0/100)
Initial Confidence: 2 · Low (39.0/100)
Data sufficiency Whether enough structured evidence exists to trust this Signal's Initial Confidence reading. 'Sufficient' has no cap; 'Partial' and 'Insufficient' cap Confidence until more evidence is available; 'Not Assessed' means the Signal did not pass the Relevance Gate.: Partial
Strongest contributor: Procurement Impact
Limiting factor: Geographic Breadth

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).

No likely Event type matched; a low contextual baseline was applied.
No eligible (non-geographic, non-fictional) entities were linked to this Signal.
no matched Event type
no actor entities (only attribution/metadata, if any)
no actor content-derived geography
Only source-level entity metadata was available.
Only source-level geography metadata was available.
Source metadata did not contribute to Initial Confidence.

Methodology signal_scoring_v1 — calculated 2026-08-03 16:29:58.

‎e& Q2 2026 earnings: What to expect

Summary

Procurement Relevance Gate

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