TECOM Group 2025 Revenues Rise To AED 2.9 Billion Driven By Portfolio Expansion And Strong Occupancy

TECOM Group PJSC reported solid FY 2025 results, with revenues rising 19 percent year-on-year. EBITDA reached AED2.2 billion, giving a 78 percent margin supported by operational efficiency. Recurring net profit for 2025 stood at AED1.5 billion, up 20 percent, reflecting strong asset demand and disciplined cost and financing management.

Funds from Operations increased to AED2 billion in 2025, a 19 percent annual rise. The Group linked this gain to better collections and stronger performance from income-generating properties. Commercial and industrial occupancy reached 97 percent, up 3 percent year-on-year, underlining sustained interest in its Dubai-based business districts and industrial hubs.

Chairman Malek Al Malek said the latest performance allowed the Board to recommend higher shareholder distributions. "In 2025, we continued to strengthen TECOM Group's portfolio, underpinned by our expansion strategy and strong financial position, while achieving the best returns for our shareholders. Reflecting the strength of the results, the Board is proposing a 10 percent increase in the dividend for the second half of 2025 to AED440 million and setting an updated dividend framework for 2026, with an expected aggregate payout of AED880 million, subject to shareholder approval," Malek Al Malek, Chairman of TECOM Group, said.

Chief Executive Officer Abdulla Belhoul linked the FY 2025 results to the role of the Group’s specialised ecosystems. Abdulla Belhoul said, "Our strong 2025 performance demonstrates the continued contributions of TECOM Group’s diverse ecosystems in driving economic growth across six strategic sectors, contributing to the UAE’s and Dubai’s appeal to global investors and talent." This focus aligns with wider national diversification objectives.

TECOM Group stated that occupancy in the Commercial portfolio reached 95 percent in 2025, an increase of 5 percent year-on-year. Industrial portfolio occupancy climbed to 98 percent, confirming demand for logistics and production space. Combined commercial and industrial occupancy of 97 percent highlighted tightening supply across its districts, supporting rental income and recurring earnings strength.

The Group continued to grow its asset base during 2025 through targeted investments. TECOM Group invested more than AED2.5 billion in acquisitions and project development to support long-term expansion. In August 2025, it spent AED1.6 billion to buy 138 industrial land plots, covering 33 million sq.ft., in Dubai Industrial City to address rising industrial sector demand.

The fair value of TECOM Group’s Investment Properties portfolio rose to AED34.5 billion by the end of 2025. This represented a 23 percent increase compared with 2024, with an 18 percent like-for-like gain. Management said the improvement reflected strong market conditions, high occupancy and the impact of new assets acquired or developed during the period.

Environmental, social and governance initiatives remained part of TECOM Group’s FY 2025 results narrative. The Group generated 15.25 GWh of electricity from on-site solar plants, covering an average of 7 percent of total power consumption. These measures, combined with focused portfolio growth and high utilisation levels, supported financial performance while aligning with sustainability goals in Dubai and the wider UAE.

With inputs from WAM