TECOM Group PJSC has experienced a noteworthy 22% year-on-year increase in its first-half net profit, reaching AED 737 million ($201 million). This growth can be attributed to the rising demand for commercial and industrial spaces, as well as revenue from strategic asset acquisitions. The remarkable performance underscores TECOM Group’s ability to capitalize on strong market trends, further solidifying its position in the real estate sector.
The company’s revenue climbed by 21% to AED 1.4 billion, while EBITDA surged by 24% to AED 1.1 billion, improving the margin to a robust 80%. Funds from operations also saw a significant boost, increasing by 17% to AED 984 million. Impressively, occupancy rates for commercial and industrial properties hit 95%, with land lease occupancy reaching an outstanding 99%. This solid performance reflects the growing appetite for TECOM Group’s offerings amid a vibrant economic landscape.
TECOM Reports Strong H1 2025 Growth
Malek Al Malek, Chairman of TECOM Group, remarked, “The UAE and Dubai are continuing their journey of sustainable development, achieving record growth and exceptional accomplishments across all economic sectors.” He emphasized the positive reflection of this success on TECOM Group’s H1 2025 performance, noting that it demonstrates the company’s agility in meeting the increased demand for commercial and industrial spaces while remaining focused on operational efficiency to deliver long-term value for its shareholders. The Board has also approved an interim cash dividend of AED 400 million for the current half, in line with its Dividend Policy.
Abdulla Belhoul, the Chief Executive Officer, stated, “Our financial and operational growth in H1 2025 reflects the success of TECOM Group’s roadmap for long-term growth through our recent strategic investments and attracting new customers.” He further highlighted that the group’s robust performance is integral to their mission of fostering a sustainable future, enhancing the UAE’s and Dubai’s reputation as a prime destination for investment and facilitating business operations.
In the second quarter alone, TECOM Group saw net profit rise by 21% to AED 377 million, accompanied by a revenue increase of 22% to AED 709 million. These statistics reflect the enduring strength and forward momentum of the company.
Notable achievements during the first half of the year included the inauguration of PayPal’s first regional headquarters at Dubai Internet City and the establishment of an AED 80 million Pure Ice Cream plant at Dubai Industrial City. Additionally, TECOM expanded its portfolio of LEED-certified buildings to 55, showcasing its commitment to sustainability.
The organization also achieved Shari’a compliance certification and successfully recorded 8 GWh of renewable energy output through its solar initiatives, further emphasizing TECOM Group’s innovative approach and dedication to environmental sustainability.