TECOM Group PJSC reported a strong financial performance for the first nine months of 2025, with net profit rising 18% year-on-year to AED 1.1 billion ($299 million). The growth was underpinned by record occupancy rates, higher rental income, and the company’s AED 4.3 billion ($1.17 billion) strategic expansion across Dubai’s business and industrial districts.
The Group’s revenues exceeded AED 2.1 billion ($572 million) for the period, marking a 20% year-on-year increase driven by portfolio expansion, improved operational efficiency, and sustained demand for premium commercial, industrial, and land assets.
“TECOM Group’s robust financial and operational performance for the first nine months of 2025 reflects our agility in navigating market dynamics and our disciplined focus on delivering customer value,” said Abdulla Belhoul, CEO of TECOM Group. “Our strategic expansion and the continued demand for high-quality assets further strengthen our contribution to Dubai’s pro-business ecosystem.”
Belhoul added that the Group’s performance underscores its alignment with Dubai’s long-term economic strategy, contributing to the emirate’s reputation as a global hub for investment and innovation.
Nine-Month 2025 Financial Highlights
- Revenue: AED 2.1 billion ($572 million), up 20% year-on-year
- Occupancy: Commercial and industrial portfolio up 2% YoY to 96%, while land occupancy rose 8% to 98%, reflecting strong demand for Grade-A offices, logistics facilities, and industrial land
- EBITDA: AED 1.7 billion ($463 million), up 20% YoY with a 79% margin, supported by strong revenue quality and cost efficiency
- Net Profit: AED 1.1 billion ($299 million), up 18% YoY
- Funds from Operations (FFO): AED 1.5 billion ($409 million), up 16% YoY, driven by stronger recurring income and consistent collections
Q3 2025 Results: Continued Momentum
- Revenue: AED 724 million ($198 million), up 19% YoY
- EBITDA: AED 563 million ($153 million), up 13% YoY, maintaining a 78% margin
- Net Profit: AED 373 million ($98 million), up 10% YoY, supported by strong leasing and prudent financial management
Expanding Industrial Portfolio
In August 2025, TECOM Group completed a AED 1.6 billion ($436 million) acquisition of 138 land plots spanning 33 million sq ft in Dubai Industrial City, catering to rising demand from the manufacturing and logistics sectors.
This investment boosts the Group’s total land lease portfolio to over 209 million sq ft, strengthening Dubai Industrial City’s capacity to accommodate new and expanding tenants. The acquisition aligns with key national initiatives including Operation 300bn, Make it in the Emirates, and the Dubai Economic Agenda (D33).
Including this latest deal, TECOM Group’s total strategic investments have reached AED 4.3 billion ($1.17 billion) since 2024, reinforcing its roadmap for sustainable growth and long-term shareholder value.
Dividend Commitments and Outlook
TECOM Group confirmed it completed its AED 400 million ($109 million) dividend payment for H1 2025, fulfilling its AED 2.4 billion ($654 million) three-year dividend commitment — equivalent to AED 800 million ($218 million) annually since its listing in 2022.
The company reiterated its focus on maintaining disciplined capital management, enhancing asset performance, and supporting Dubai’s ambition to remain among the world’s most business-friendly cities.
“Our strong results reflect Dubai’s continued leadership in attracting Greenfield FDI and reaffirm the emirate’s position as a global center for innovation, industry, and investment,” Belhoul concluded.
