Net profits height "Ticoom" 23% during the first quarter of 2025
Dubai, May 2/ WAM/ The Tikom Group, which is listed in the Dubai Financial Market, announced that its net profit increased by 23% on an annual basis during the first quarter of 2025, to reach 361 million dirhams, supported by the exceptional economic performance of the Emirate of Dubai and its advanced position as a global destination for business and investment.
The group recorded revenues of 680 million dirhams during the same period, achieving 21% growth on an annual basis, thanks to the strong performance of all business sectors, and the application of its strategic plan to expand and achieve sustainable growth.
The profits also increased before interest, taxes, destruction and consumption by 23% to 540 million dirhams, with a profit margin of 79%.
Abdullah Balhll, CEO of Tikom Group, said that strong results reflect the exceptional performance of the various group of assets of the group, and its role in supporting the knowledge economy in Dubai, by attracting international companies and specialized talents in six strategic sectors.
He added that this outstanding performance reflects the position of the leading group in the business complex sector in Dubai, and confirms its success in achieving sustainable growth, taking advantage of the attractive investment environment and advanced infrastructure that provides promising opportunities to enhance value for shareholders.
The first quarter of 2025 witnessed distinguished operational performances, represented by an increase of the number of customers by 6% on an annual basis to exceed 12 thousand customers, driven by strong demand for commercial and industrial assets and land rental.
The most prominent operational stations during the first quarter 2025 were the opening of the “Epson” innovation center in Dubai Production City during last February, which will contribute to developing new technological solutions in the region, while Dubai Internet City announced its contribution by 65% of the GDP of the Technology Sector in Dubai, according to a study in partnership with “Axten”.
Dubai Industrial City also witnessed the signing of the company “Fab Tech” a strategic agreement with the French “Group M” to develop nuclear and sustainable energy solutions, and it attracted investments worth 350 million dirhams in the food and beverage sector during the year 2024.
MSD International joined the Dubai Science Complex last January, and the complex hosted the first regional forum for age lengthening sciences in February.
The Dubai Design District, Dubai Fashion Week for the Fall and Winter 2025 – 2026, hosted, which enhances the emirate’s position as a global fashion center.
The group launched the third edition of the “Al -Khair Store” initiative, in cooperation with the Dubai Charity Association last March, to facilitate donations and charitable works during Ramadan and Eid Al -Fitr, with the participation of a society that includes more than 137 thousand employees.
The Tecom Group confirmed its continued commitment to advance the growth in Dubai through innovation and expand its business in strategic sectors that support the long -term economic vision.
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter
