TECOM Group Achieves AED 737 Million Net Profit In First Half Of 2025
TECOM Group has released its financial results for the first half of 2025, ending on 30th June. The Group achieved a notable 22% increase in net profit year-on-year, reaching AED737 million. Revenue also saw a significant rise of 21% compared to the previous year, amounting to AED1.4 billion during this period.
The Group's EBITDA grew by 24% year-on-year, reaching AED1.1 billion, with healthy margins maintained at 80%. This reflects sustainable business growth. Funds from operations (FFO) rose by 17% to AED984 million, supported by consistent collections and improved revenue quality.
The Board of Directors approved an interim dividend payment of AED400 million for H1 2025. This aligns with the Dividend Policy valid until September 2025. Malek Al Malek, Chairman of TECOM Group, stated that these results demonstrate the Group’s resilience and ability to align with UAE's economic growth.
Abdulla Belhoul, CEO of TECOM Group, highlighted that their financial and operational growth in H1 2025 reflects successful strategic investments and customer acquisition efforts. "Our financial and operational growth in H1 2025 reflects the success of TECOM Group’s roadmap for long-term growth through our recent strategic investments and attracting new customers," he said.
Occupancy in the Land Lease portfolio reached an impressive 99%, showing a year-on-year increase of 3%. This was driven by strong demand from the industrial sector, boosted by government initiatives like Operation 300bn and Dubai Economic Agenda ‘D33’.
Significant Developments in Key Sectors
In April, PayPal established its first regional headquarters for the Middle East and Africa at Dubai Internet City. This hub is crucial for global tech industry leaders and contributes significantly to Dubai’s technology sector GDP. In May, Pure Ice Cream began constructing an AED80 million production facility at Dubai Industrial City.
TECOM Group remains committed to sustainability across its ecosystems. The number of LEED-certified buildings increased to 55 during H1 2025, marking a growth of 34% compared to H1 2024. Solar power projects contributed 8 gigawatt hours (GWh) of clean energy.
Commitment to Sustainability and Gender Balance
Aligned with UAE's vision for gender balance in the private sector, women make up 35.4% of TECOM Group's workforce. The Group has also received Shariah compliance certification from the Shariyah Review Bureau for the fiscal period ending on 31st March 2025.
These achievements underscore TECOM Group's dedication to enhancing operational efficiency while delivering sustainable value to shareholders. The robust performance solidifies Dubai's position as a global investment destination known for ease of doing business.
With inputs from WAM
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