TECOM Group’s net profits exceed 1.1 billion UAE dirhams in the first nine months of 2025

TECOM Group, (listed on the Dubai Financial Market under the symbol “TECOM”, the “Company” or the “Group”), which owns and operates specialized business parks focusing on vital sectors in Dubai, today announced its financial results for the first nine months of the year and the third quarter ending on September 30, 2025.

TECOM Group recorded strong revenue growth of 20% year-on-year to exceed AED 2.1 billion during the first nine months of the year, while net profits increased by 18% year-on-year to exceed AED 1.1 billion, driven by higher occupancy rates, average rental values, improved operational efficiency, and the strategic expansion of the group’s portfolio of distinguished commercial and industrial assets.

Commenting on these results, Abdullah Belhoul, CEO of TECOM Group, said: “The strong financial and operational performance achieved by the Group during the first nine months of 2025 reflects its ability to benefit from favorable market conditions and keep pace with changes with great flexibility, as it continues to focus on achieving added value for its customers. The remarkable growth achieved by the Group during the previous period is attributed to its strategic expansion plan worth AED 4.3 billion since last year and demand. “We will continue to leverage our distinguished commercial and industrial assets, while Dubai continues to consolidate its leading position as the world’s premier destination for new foreign direct investment projects.”

He added: “Tecom Group’s performance reflects its pivotal role in enhancing the competitiveness of Dubai’s business sector and its growing ability to attract investors from all over the world, while our ambitious future plans continue to contribute to achieving sustainable value for shareholders.”

Highlights of financial results

The first nine months of 2025

• The group’s revenues grew by 20% year-on-year to exceed AED 2.1 billion, driven by acquisitions and high occupancy rates across all its business sectors, as well as an increase in average rental values.

o The occupancy rate of commercial and industrial assets within the group’s portfolio increased by 2% on an annual basis to reach 96%, while the occupancy rate of land increased by 8% on an annual basis to reach 98%, reflecting the strong demand for the group’s qualitative portfolio assets, including first-class office space, storage and logistics facilities, and industrial lands allocated for leasing, in light of Dubai’s success in attracting more investors from around the world.

• EBITDA increased by 20% year-on-year to reach AED 1.7 billion with a profit margin of 79%, driven by improved revenues and cost reductions, reflecting the Group’s ability to continue achieving sustainable growth in all its business sectors. Net profits increased by 18% year-on-year to exceed 1.1 billion UAE dirhams, driven by enhancing the efficiency of operational processes and capital management in all of the group’s business sectors.

• Cash flows from operations grew by 16% year-on-year to reach AED 1.5 billion, driven by improved performance of income-generating assets and continued improvement in revenues and collections.

Third quarter of 2025

• Revenues grew by 19% year-on-year to reach AED 724 million in the third quarter of 2025, as the group continues to benefit from the economic performance of the UAE and the Emirate of Dubai and the growing demand for high-quality commercial and industrial assets and land.

• EBITDA grew by 13% year-on-year to reach AED 563 million and the profit margin reached 78%, reflecting strong revenue growth.

• Net profits increased by 10% year-on-year to reach AED 373 million in the third quarter of 2025, supported by strong revenue growth and prudent financial management.

Most prominent strategic investments

In August 2025, TECOM Group announced an investment of AED 1.6 billion to acquire 138 industrial plots of land with a total area of ​​33 million square feet in Dubai Industrial City, to meet the strong and growing demand in the industrial sector.

This strategic expansion contributes to the growth of TECOM Group’s land portfolio to exceed a total area of 209 million square feet, which contributes to consolidating Dubai Industrial City’s leading position as a preferred destination for manufacturing and logistics companies and enhancing its ability to meet the growing needs of its existing and new customers, in light of the increasing demand witnessed by the industrial sector in the UAE and Dubai, thanks to the pioneering government strategies and initiatives, including the “300 Billion Project” strategy and the “Make in the Emirates” initiative. And Dubai Economic Agenda D33.

The deal to acquire new lands in Dubai Industrial City during the third quarter of 2025 brings the total value of TECOM Group’s investments to 4.3 billion UAE dirhams since last year, confirming the success of its strategic plan aimed at creating more opportunities for continued growth and ensuring the achievement of sustainable value in the long term.

In order to achieve the best possible returns for shareholders, TECOM Group announced the completion of the distribution of cash dividends in accordance with the approved dividend policy, by making the last batch of distributions worth 400 million UAE dirhams for the first half of the year 2025. These final distributions come to confirm the group’s success in distributing a total cash dividend worth 2.4 billion UAE dirhams during the past three years, in line with its plan to distribute 800 million UAE dirhams annually since Listing the group’s shares on the Dubai Financial Market in 2022.