TECOM Group Achieves Nine-Month Net Profit Exceeding AED 1.1 Billion Amid Strong Revenue Growth

TECOM Group has reported its financial performance for the first nine months of 2025, showcasing significant growth. The company achieved revenues exceeding AED2.1 billion, marking a 20% increase compared to the previous year. Net profit also saw an 18% rise, surpassing AED1.1 billion. These results were driven by higher occupancy rates, increased rental prices, improved efficiencies, and ongoing expansion of their commercial and industrial assets.

The Group's strategic expansion plan, valued at AED4.3 billion, played a crucial role in this growth. This initiative was launched last year to meet the high demand for TECOM's premium assets as Dubai continues to lead globally in attracting Greenfield FDI projects. In Q3 2025, TECOM completed an AED1.6 billion investment to acquire 138 land plots covering 33 million square feet in Dubai Industrial City.

This acquisition expanded TECOM's land lease portfolio to over 209 million square feet. It reinforced Dubai Industrial City's appeal to manufacturing and logistics firms, enhancing its capacity to cater to the growing needs of existing and new customers. This expansion aligns with the UAE's rapid industrial sector growth driven by initiatives like Operation 300bn and the Dubai Economic Agenda ‘D33’.

In the third quarter alone, TECOM Group recorded revenues of AED724 million, reflecting a 19% increase year-on-year. Net profit for this period reached AED373 million, up by 10%. EBITDA rose by 20% year-on-year to AED1.7 billion, maintaining a margin of 79%. Funds from operations (FFO) also grew by 16% year-on-year to AED1.5 billion due to enhanced asset performance and consistent revenue collection.

Abdulla Belhoul, CEO of TECOM Group, stated: "Our 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." This statement highlights the company's ability to adapt and thrive in changing market conditions while prioritising customer satisfaction.

Commitment to Shareholder Returns

TECOM Group remains committed to delivering shareholder returns through its dividend policy. The company concluded its policy with a final payment of AED400 million for H1 2025. Over three years, total dividends amounted to AED2.4 billion, fulfilling the annual commitment of AED800 million announced during their 2022 listing.

The strategic investments made since last year have totalled AED4.3 billion, reinforcing TECOM's roadmap for sustainable business growth and long-term shareholder value creation. These efforts underscore TECOM Group’s dedication to maintaining strong financial health while expanding its asset portfolio strategically.

With inputs from WAM