TECOM Group reported robust financial results for the first nine months of 2025, with revenues exceeding AED2.1 billion and net profit rising to over AED1.1 billion, marking year-on-year increases of 20 and 18 percent respectively.
The strong performance was driven by higher occupancy rates, increased rental income, operational efficiencies, and continued expansion across the Group’s premium commercial and industrial assets. EBITDA grew 20 percent year-on-year to AED1.7 billion, maintaining a solid margin of 79 percent, while funds from operations reached AED1.5 billion, up 16 percent.
In the third quarter alone, TECOM recorded AED724 million in revenues, a 19 percent rise, and a net profit of AED373 million, up 10 percent from last year.
Abdulla Belhoul, Chief Executive Officer of TECOM Group, said the results reflect the company’s agility and focus on delivering customer value, supported by its AED4.3 billion expansion strategy and growing demand for premium assets as Dubai continues to lead globally in attracting Greenfield FDI projects.
During the third quarter, TECOM completed a AED1.6 billion acquisition of 138 land plots spanning 33 million square feet in Dubai Industrial City. The investment expanded the Group’s land lease portfolio to over 209 million square feet and reinforced the city’s position as a regional hub for manufacturing and logistics in line with national initiatives such as Operation 300bn and Dubai’s D33 economic agenda.
TECOM also reaffirmed its commitment to shareholder returns, completing a final AED400 million dividend payment for the first half of 2025, bringing total dividends to AED2.4 billion since its 2022 listing.
News Source: Emirates News Agency
