TECOM Group Reports Record AED 2.9B Revenue, 20% Profit Rise

TECOM Group PJSC (DFM: TECOM), the developer of specialised business districts in Dubai, has reported record financial results for 2025, achieving AED 2.9 billion in revenue, up 19% from 2024. Recurring net profit also rose 20% to AED 1.5 billion, marking the fourth consecutive year of strong growth.

The Group’s growth was supported by high demand across its commercial, industrial, and land portfolios, improved occupancy rates, and operational efficiency. EBITDA reached AED 2.2 billion, with a 78% margin, while funds from operations rose 19% to AED 2 billion.

Occupancy rates continued to improve, with commercial spaces at 95% and industrial assets at 98%. The Group’s investment property portfolio reached a fair value of AED 34.5 billion, up 23% YoY.

For Q4 2025, TECOM reported AED 745 million revenue (+16% YoY), AED 559 million EBITDA (+22%), and recurring net profit of AED 367 million (+29%).

In 2025, TECOM invested over AED 2.5 billion in strategic acquisitions and projects. This included AED 1.6 billion for 138 industrial land plots in Dubai Industrial City and the launch of Phase 4 of the Innovation Hub in Dubai Internet City, adding 263,000 sq.ft. of premium office space valued at AED 615 million.

The Group expects continued growth in 2026, including a 15% increase in both rental rates and return on capital.

TECOM also strengthened its ESG efforts in 2025, earning EPRA Silver and Most Improved awards, adding 16 new LEED-certified buildings (total 59), generating 15.25 GWh from solar energy, and supporting social initiatives like ‘The Good Store’ and WeWalk for children’s health.

The Board has proposed a 10% increase in the second-half 2025 dividend to AED 440 million. For 2026, an aggregate dividend of AED 880 million is expected, payable in two instalments, subject to shareholder approval.

Chairman Malek Al Malek said, “TECOM’s strong results reflect Dubai’s economic momentum and our strategy to deliver sustainable shareholder returns.” CEO Abdulla Belhoul added, “Our diverse ecosystems drive economic growth and attract global talent, ensuring long-term value creation.”