TECOM Group Reports Robust Q1 2025 Financial Performance Amid Strategic Expansion

Tecom Group PJSC has reported an interannual increase in revenues, reaching 680 million AED for the first quarter of 2025. The net profit increased by 23% to 361 million AED, which reflects a strong formation of diversity and strategic.

The company’s Ebitda grew 23% year -on -year to 540 million AED, and the Ebitda margin improved 79%. These figures underline the group’s commitment to improve Dubai’s knowledge economy by attracting global companies and talents in six strategic sectors.

Abdulla Belhoul, executive director of Tecom Group, attributed the strong start to 2025 to the exceptional performance of the various asset portfolio of the group. He emphasized the fundamental role that Tecom plays in the defense of the knowledge economy of Dubai and the EAU.

The group’s strategic investments in 2024, totaling 2.7 billion AED, have significantly expanded their portfolio. Notable developments include the acquisition of Office Park in Dubai Internet City by AED 720 million and the launch of Innovation Hub Phase 3 within Dubai Internet City, a development of 340 million AED. These investments are aligned with the Tecom road map for sustainable growth through specific acquisitions and the development of high quality commercial real estate.

Operation, Tecom Group has maintained high occupation and retention rates in its portfolio. At the end of 2024, the commercial and industrial occupation was 94%, with a retention rate or 92%. The number of customers increased by 8% year -on -year, reaching more than 11,900.

The fair value of the group’s investment properties portfolio increased by 11% by a similar base and by 22% includes new acquisitions, reaching 28 billion AED in 2024. This growth reflects the improved foundations of the Dubai real estate market and the increase in occupation and retention in the Tecom portfolio.

Tecom Group’s commitment to sustainability is obvious in its environmental, social and governance initiatives. In 2024, 49% of the group’s commercial portfolio, certified by Leed, with a solar generation increasing 15.5% to 14.2 GWh. In addition, 36.3% of all waste were sent to energy waste plants. The group’s IN5 incubator supported 410 new companies, with 30% owned by women.

The Board of Directors has proposed a dividend payment of 400 million AED for the second half of 2024, subject to the shareholders approach at the next annual meeting scheduled for March 10, 2025. The interim dividend in cash for the second half of 2025 is expected by 10%.