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du (EITC) AED

At a glance: strengths & risks
Revenue growing (+9%)Profit growing (+17%)Low leverage (0.3x EBITDA)

Sector: Telecom

AE_DU

Price chart

12.04 AEDDay -0.99%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
12.04 AED · -0.99%
Market cap
55.1 bn AED

Growth

Δ revenue y/y
4.6%
Δ EBITDA y/y
9.0%

Multiples

P/E (LTM)
17.9x
3y avg: 15.4x
P/B (FY)
5.4x
P/E (ann.)
17.3x
EV/EBITDA (LTM)
10.3x
EV/EBITDA (ann.)
9.5x

Cash return

Dividend yield
5.5%
FCF yield (LTM)
-0.5%

Value creation

fundamental value/yr, % of market cap
Value created / year

Liquidity

Daily turnover (listing)
20.7 mln AED

Shares: connector/market_inputs

Amounts: USD (converted) · As reported
Converted modes use NBK / ECB-linked rates: balance sheet date for BS items, period average for P&L and cash flow (see filing row evidence). As reported keeps each row in its filing currency.

Financial results

Monetary columns are in B AED, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueB AEDOperating profitB AEDD&AB AEDEBITDAB AEDNet profitB AEDOperating CFB AEDCapex + M&AB AEDAssetsB AEDEquityB AEDROE (annualized)Net debtB AEDSource
2026-06-30Q2 2026 (3M)OK4.1
y/y 4.6%
0.9
y/y 9.7%
0.6
y/y 8.0%
1.5
y/y 9.0%
0.8
y/y 9.8%
-1.50.017.6
y/y 2.4%
10.0
y/y 1.9%
33.4%≈ 0.3Link
2026-03-31Q1 2026 (3M)OK4.1
y/y 6.9%
0.9
y/y 16.0%
0.6
y/y 2.0%
1.5
y/y 10.3%
0.8
y/y 15.5%
1.4-0.520.2
y/y 5.1%
9.2
y/y 1.2%
34.5%0.3Link
2025-12-31Q4 2025 (3M)OK4.3
y/y 10.6%
0.8
y/y 24.2%
0.3
y/y -11.9%
1.1
y/y 11.9%
0.7
y/y 23.8%
1.9-0.419.4
y/y 3.7%
10.1
y/y 2.7%
29.7%1.5Link
2025-09-30Q3 2025 (3M)OK3.9
y/y 7.9%
0.8
y/y 2.7%
0.5
y/y -0.7%
1.4
y/y 1.3%
0.7
y/y 1.8%
2.1-0.517.5
y/y 4.9%
9.4
y/y 1.5%
10.2%Link
2025-06-30Q2 2025 (3M)OK3.9
y/y 8.6%
0.8
y/y 25.0%
0.5
y/y -0.3%
1.3
y/y 13.6%
0.7
y/y 25.1%
0.2-0.717.2
y/y 4.7%
9.8
y/y 3.3%
30.9%Link
2025-03-31Q1 2025 (3M)OK3.8
y/y 7.4%
0.8
y/y 20.0%
0.5
y/y 5.3%
1.3
y/y 13.5%
0.7
y/y 19.8%
1.1-0.519.2
y/y 4.1%
9.1
y/y 1.8%
30.5%Link
2024-12-31Q4 2024 (3M)OK3.9
y/y 8.8%
0.6
y/y 57.1%
0.3
y/y 3.4%
1.0
y/y 33.4%
0.6
y/y 47.5%
1.8-0.418.7
y/y 5.6%
9.9
y/y 6.9%
26.0%Link
2024-09-30Q3 2024 (3M)OK3.6
y/y 9.1%
0.8
y/y 54.7%
0.5
y/y -1.8%
1.3
y/y 25.5%
0.7
y/y 42.7%
1.9-0.316.7
y/y 1.7%
9.3
y/y 4.8%
10.2%Link
2024-06-30Q2 2024 (3M)OK3.6
y/y 7.3%
0.6
y/y 52.9%
0.5
y/y -10.5%
1.2
y/y 15.8%
0.6
y/y 46.2%
-0.3-0.516.4
y/y 3.0%
9.5
y/y 5.9%
25.3%Link
2024-03-31Q1 2024 (3M)OK3.6
y/y 4.1%
0.7
y/y 75.5%
0.5
y/y 1.6%
1.2
y/y 32.8%
0.6
y/y 62.7%
1.3-0.318.5
y/y 7.5%
8.9
y/y 4.0%
26.6%Link
2023-12-31Q4 2023 (3M)OK3.6
y/y
0.4
y/y
0.3
y/y
0.7
y/y
0.4
y/y
1.9-0.517.7
y/y
9.2
y/y
18.4%Link
2023-09-30Q3 2023 (3M)OK3.3
y/y
0.5
y/y
0.6
y/y
1.1
y/y
0.5
y/y
1.9-0.516.4
y/y
8.9
y/y
7.5%Link
2023-06-30Q2 2023 (3M)OK3.3
y/y
0.4
y/y
0.6
y/y
1.0
y/y
0.4
y/y
-0.4-0.415.9
y/y
8.9
y/y
18.2%Link
2023-03-31Q1 2023 (3M)OK3.4
y/y
0.4
y/y
0.5
y/y
0.9
y/y
0.4
y/y
1.0-0.517.2
y/y
8.6
y/y
Link

Revenue & EBITDA

RevenueEBITDA

Quarterly values (AED mln)

01 0002 0003 0004 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Year-over-year change

0%10%20%30%2024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Cash flow

FCF (AED mln)

02505007501 0001 2502024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Net debt / cash (AED mln)

05001 0001 5002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Profit and cash

Profit is cash-backed
In a typical year of 2022–2025 operating cash flow came to 2.26x of reported net profit; after capex, 1.17x.
year2022202320242025
cash flow / profit2.97x2.65x1.86x1.80x
accruals, % of assets-14.5%-15.6%-11.5%-12.0%
Last twelve months (to 2026-06-30): 1.81x of profit came back as operating cash flow.
net debt / EBITDA 0.3x · capex 1.0x of depreciation
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Fundamental value creation

Value the company creates per year, as a % of market cap

Value created per year: +8.2%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-06-30 vs 2025-06-30)
= (1 457 − 1 337) × 3.70
444
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (55 120 + 341) ÷ 5 385
10.3x
3. Target multiple
(Current EV/EBITDA + 10) ÷ 2
= (10.3 + 10) ÷ 2
10.1x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= —
0
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (444 × 10.1 + 0) ÷ 55 120
+8.2%

Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.

Caveats:

  • net debt unavailable - balance cash flow incomplete
  • dividends/buybacks not in data - balance cash flow uses net-debt change only

Revenue growth & acceleration

Growth steady →
Last-year revenue growth +9% vs +7% the year before — a +1.3 pp move. 3-year CAGR +8%.
revenue growth by year: 2023 +7% · 2024 +7% · 2025 +9%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-07-310.26 AEDEx-dividend: 0.26 AED per sharePaidYahoo Finance (ex-div)
2026-04-080.4 AEDEx-dividend: 0.4 AED per sharePaidYahoo Finance (ex-div)
2025-08-010.24 AEDEx-dividend: 0.24 AED per sharePaidYahoo Finance (ex-div)
2025-03-260.34 AEDEx-dividend: 0.34 AED per sharePaidYahoo Finance (ex-div)
2024-07-310.2 AEDEx-dividend: 0.2 AED per sharePaidYahoo Finance (ex-div)
2024-03-290.21 AEDEx-dividend: 0.21 AED per sharePaidYahoo Finance (ex-div)
2023-08-030.13 AEDEx-dividend: 0.13 AED per sharePaidYahoo Finance (ex-div)
2023-03-220.13 AEDEx-dividend: 0.13 AED per sharePaidYahoo Finance (ex-div)
2022-07-290.11 AEDEx-dividend: 0.11 AED per sharePaidYahoo Finance (ex-div)
2022-03-300.11 AEDEx-dividend: 0.11 AED per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Investor reporting (IR): https://www.dfm.ae/issuers/listed-securities/securities/company-profile-page?securitysymbol=DU

Reporting forms detected in loaded periods: (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of du (EITC) — from primary filings.

Frequently asked questions

What is du (EITC)'s P/E ratio?
du (EITC) trades at a P/E of 17.9x (price to trailing 12-month earnings).
What is du (EITC)'s EV/EBITDA?
du (EITC) trades at 10.3x EV/EBITDA.
What is du (EITC)'s P/B ratio?
du (EITC) trades at a P/B of 5.4x.
What is du (EITC)'s dividend yield?
du (EITC)'s trailing 12-month dividend yield is 5.5%.
What is du (EITC)'s return on equity (ROE)?
du (EITC)'s ROE is 33.4%.
What is du (EITC)'s market capitalization?
du (EITC)'s market cap is 55.1 bn AED.

See also: UAE Stocks (2026): Tax-Free Dividends in Dubai and Abu Dhabi · The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map