e& unveiled its fiscal year 2023 consolidated financial results, boasting a record net profit of AED10.3 billion, marking a 3% year-over-year growth. Demonstrating its dedication to shareholder value, the company's Board of Directors proposed a dividend of AED0.40 per share for the second half of 2023, totaling AED0.80 per share for the fiscal year. Furthermore, the board recommended a progressive dividend policy, suggesting a yearly increment of 3 fils starting from 2024, aiming to reach a dividend per share of 89 fils by FY2026, pending shareholder approval at the Annual General Meeting.

The revenue surged to AED53.8 billion, reflecting an 8.3% year-over-year growth at constant exchange rates, driven by the Group's strategic business transformation and revenue diversification efforts. Notably, the company's consolidated EBITDA rose by 3.7% year-over-year at constant exchange rates to AED26.1 billion, with an impressive EBITDA margin of 49%, underscoring e&'s robust operational profitability.