Abu Dhabi:e7 Group (ADX E7) has announced substantial growth in its financial performance for the first nine months of 2026, with a 15.4% rise in revenue to AED536.8 million and a 56.5% increase in net profit after tax, reaching AED91.7 million compared to the same period last year.
According to Emirates News Agency, the company's gross profit also saw a notable increase of 22.6%, amounting to AED178.8 million, with the gross profit margin improving to 33.3%. Earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 21.8% to AED119.5 million, achieving a margin of 22.3%.
Ahmed Al Shamsi, Chairman of e7 Group, highlighted that the company's performance reflects ongoing progress in its growth strategy, particularly in Identity Solutions, which experienced a 29% revenue growth. The group is expanding its offerings in both physical and digital solutions, leveraging a debt-free balance sheet to invest in growth and enhance shareholder value.
Identity Solutions revenue increased by 28.6% to AED291 million, while Printing and Education revenue rose 6.4% to AED166.2 million. However, Packaging revenue decreased by 8.6% to AED25.7 million, and Logistics revenue dropped by 1.4% to AED53.8 million.
Esteban Gómez Nadal, Group Chief Executive Officer, noted a 15% reported revenue growth and 22% EBITDA growth, driven by strong performance in Identity Solutions. Despite challenges in the third quarter, including a 2.8% year-on-year revenue increase to AED178.6 million and a decline in EBITDA, the company remains focused on operational efficiency.
The third quarter of 2026 saw a 9.5% year-on-year increase in net profit after tax, amounting to AED30.7 million, while profit before tax rose by 9.4% to AED33.7 million. Although EBITDA in the third quarter was AED40.5 million, down from AED46.1 million the previous year, the group achieved an operating profit of AED28.8 million.
Mark Paver, Group Chief Financial Officer, emphasized the improvement in cash generation and operating profitability, with EBITDA increasing by 22% to AED119.5 million. Net cash generated from operating activities surged to AED132.3 million, a significant rise from AED50 million in the same period last year. The group's strong financial position, with AED490.6 million in cash and bank balances as of September 30, 2026, supports its growth objectives and shareholder returns.