TECOM Group PJSC delivered a strong financial performance in FY 2025, reporting double digit growth across key metrics as demand for its specialised business districts continued to rise and occupancy levels reached near full capacity.
The Dubai-based developer posted revenues of AED2.8 billion for the year ending 31 December 2025, marking a 19 percent year-on-year increase driven by portfolio expansion and solid performance across its commercial, industrial and land assets.
EBITDA rose 20 percent to AED2.2 billion, supported by a healthy 78 percent margin reflecting operational efficiency. Recurring net profit climbed 20 percent year-on-year to AED1.5 billion, underpinned by disciplined cost management and optimised financing.
Occupancy levels remained a key driver of performance. Commercial and industrial occupancy reached 97 percent, up three percent from the previous year. Commercial assets recorded 95 percent occupancy, while industrial assets stood at 98 percent.
Funds from Operations increased 19 percent to AED2 billion, benefiting from improved collections and stronger income generating assets. The fair value of TECOM Group’s investment property portfolio rose to AED34.5 billion, a 23 percent year-on-year increase.
During 2025, the Group invested more than AED2.5 billion in acquisitions and project developments. This included a AED1.6 billion investment in August to acquire 138 industrial land plots spanning 33 million square feet in Dubai Industrial City.
Reflecting the results, the Board proposed a 10 percent increase in the second half dividend to AED440 million and outlined an updated dividend framework for 2026, targeting an aggregate payout of AED880 million subject to shareholder approval.
TECOM Group also advanced its ESG agenda, generating 15.25 GWh of electricity from on-site solar plants, accounting for seven percent of total electricity consumption.
News Source: Emirates News Agency
