TECOM Group PJSC, listed on the Dubai Financial Market under the symbol “TECOM”, announced robust financial results for the first nine months and third quarter of 2025, ending September 30. The group, which owns and operates specialized business districts across Dubai, recorded a solid year-on-year revenue growth of 20%, crossing AED 2.1 billion in total revenue. Net profit also surged by 18% to exceed AED 1.1 billion.

This growth was largely fueled by rising occupancy rates, increased average rental values, enhanced operational efficiencies, and the ongoing strategic expansion of the company’s high-quality commercial and industrial asset portfolio.

Strong Operational Performance and Strategic Momentum

Abdulla Belhoul, Chief Executive Officer of TECOM Group, emphasized the company’s ability to capitalize on favorable market conditions and adapt with agility. “Our strong financial and operational performance in the first nine months of 2025 reflects our strategic focus on value creation and our ability to respond flexibly to market dynamics,” said Belhoul.

He added, “The remarkable growth stems from our AED 4.3 billion expansion strategy launched last year, combined with increasing demand for our premium commercial and industrial assets. As Dubai strengthens its position as the leading global destination for foreign direct investment, TECOM Group continues to play a key role in enhancing the city’s business competitiveness.”

Key Financial Highlights: First Nine Months of 2025

• Revenue: Surged by 20% year-on-year to over AED 2.1 billion, driven by acquisitions, high occupancy levels, and rising rental values.

• Occupancy Rates: Commercial and industrial assets reached a 96% occupancy rate (up 2% YoY), while land occupancy hit 98% (up 8% YoY), reflecting strong investor demand.

• EBITDA: Increased by 20% year-on-year to AED 1.7 billion, with a solid margin of 79%, supported by higher revenues and cost control.

• Net Profit: Jumped by 18% YoY to over AED 1.1 billion.

• Operating Cash Flow: Grew by 16% year-on-year to AED 1.5 billion, driven by improved asset performance and efficient collections.

Third Quarter 2025 Highlights

• Revenue: Reached AED 724 million, marking a 19% year-on-year growth, benefiting from strong demand for commercial and industrial real estate in Dubai.

• EBITDA: Up by 13% YoY to AED 563 million with a margin of 78%.

• Net Profit: Rose by 10% YoY to AED 373 million.

Strategic Investments Fuel Growth

In August 2025, TECOM Group announced a major investment of AED 1.6 billion to acquire 138 industrial land plots totaling 33 million square feet in Dubai Industrial City. This acquisition supports growing demand in the UAE’s industrial sector and expands the group’s total land portfolio to over 209 million square feet.

The investment aligns with national strategies such as “Operation 300bn”, “Make it in the Emirates”, and the Dubai Economic Agenda D33, positioning Dubai Industrial City as a preferred hub for manufacturing and logistics companies.

This acquisition brings the group’s total investments since 2024 to AED 4.3 billion, underscoring TECOM’s commitment to long-term, sustainable growth and value creation.

Strong Shareholder Returns

Reinforcing its commitment to shareholder value, TECOM Group completed its latest dividend distribution of AED 400 million for the first half of 2025, in line with its policy to pay AED 800 million annually since its listing in 2022. Over the past three years, the company has distributed AED 2.4 billion in total dividends.