"Tecom" Record record revenues of 2.9 billion dirhams during 2025

Dubai, February 3, 2025 – TECOM Group, listed on the Dubai Financial Market under the symbol “TECOM”, which owns and operates specialized business complexes focusing on vital sectors in Dubai, announced its financial results for the year ending December 31, 2025, recording record financial and operational performance driven by sustainable growth in demand for its assets, high occupancy rates, and enhanced operational efficiency.

The group recorded record revenues of 2.9 billion dirhams, a growth of 19% year-on-year, while net recurring profit increased by 20% to reach 1.5 billion dirhams.

Earnings before interest, taxes, depreciation and amortization amounted to 2.2 billion dirhams, with a strong profit margin of 78%, while the total net profit reached 2.1 billion dirhams after adjusting the non-recurring asset valuation allowances.

The performance was supported by the continued growth in the portfolio of commercial and industrial assets and lands, the high average value of rents, and the continued strong demand from local and international companies for the specialized spaces provided by the group’s complexes, in addition to effective management of costs and enhancing the efficiency of operational processes.

Malek Al Malek, Chairman of the Group’s Board of Directors, said that during the year 2025, TECOM continued its path of strong growth and outstanding performance, reflecting the continuing economic momentum in the UAE and Dubai, stressing that the record results at the financial and operational levels reflect the strength of the group’s business model and the almost full occupancy rates in most of its complexes.

He added that the group has succeeded in strengthening its portfolio thanks to the expansion strategy and its strong financial position and achieving the best returns for shareholders, noting that the Board of Directors proposed increasing cash dividends by 10% for the second half of the year 2025 to reach 440 million dirhams, while updating the dividend policy for the year 2026, and expecting a total distribution of 880 million dirhams subject to the approval of shareholders, which reflects the commitment to achieving attractive and sustainable returns.

For his part, Abdullah Belhoul, CEO, stressed that the strong performance in 2025 reinforces the pivotal role played by TECOM complexes specialized in supporting economic growth within six strategic sectors, and attracting more investors and talents from around the world, noting that the exceptional results reflect the flexibility of the business model and the effective implementation of the expansion plan and sustainable growth.

He explained that the group invested more than 2.5 billion dirhams during the year in acquisitions and strategic projects, which included the acquisition of 138 industrial plots of land with an area of ​​33 million square feet in Dubai Industrial City to meet the growing demand in the industrial sector, in addition to launching the fourth phase of the Innovation Center project in Dubai Internet City with a leasable area of ​​263 thousand square feet and a value of 615 million dirhams to enhance the city’s position as a major destination for technology companies.

In terms of operational performance, the average occupancy rate for commercial and industrial assets increased to 97%, while the occupancy rate for commercial assets reached 95%, and 98% for industrial assets.

Cash flows from operations also recorded about two billion dirhams, a growth of 19% on an annual basis, while the fair value of the investment real estate portfolio reached 34.5 billion dirhams, a growth of 23%, according to an independent evaluation.

In the field of environmental, social and governance practices, the group continued to enhance its performance by increasing the number of buildings obtaining green building certificates and producing 15.25 gigawatt hours of solar energy, equivalent to about 7% of electricity consumption, in addition to supporting community and charitable initiatives and obtaining international quality certificates in operations management.

The group confirmed the continued strong demand for distinctive commercial and industrial assets in Dubai during the coming period, with expectations for the growth of the office market during the year 2026, which will enhance its ability to continue achieving sustainable growth, create long-term value for shareholders, and consolidate Dubai’s position as a leading global center for business and investment.

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