E7 Group marks a year of strong growth and profitability

E7 Group PJSC (“E7” or “the Group”) is renowned for its excellence in identity solutions and for providing high-quality products that enhance brand presence. E7 has announced its preliminary financial results for the year ended December 31, 2024 (“FY 2024”).

The Group operates across four business segments: E7 Security, E7 Printing, E7 Packaging, and Logistics and Distribution services through Tawzea.

E7 Group delivered a strong financial performance in 2024, achieving a total revenue of AED 700.7 million, a robust 11% growth compared to AED 631.9 million in 2023.

The Group’s gross profit increased by 15% year-on-year to AED 229.8 million, with a resilient margin profile, which improved to 32.8%.

Net profit before tax reached AED 256.2 million, increasing more than sixfold year-on-year, while net profit after tax totaled AED 233.1 million, reflecting a net profit margin of 33.3%.

This solid performance in the period highlights E7’s continued strength in its security solutions and packaging segments, alongside its strategic focus on high-margin products, further supported by interest income generation.

With a healthy cash position of AED 1,442.0 million, E7 is well positioned for strategic growth, and the Board has reiterated its commitment to shareholder returns, with a targeted dividend distribution of no less than 50% of annual distributable net profit, in line with the Group’s dividend policy.