TECOM has recorded nine-month revenues exceeding AED2.1bn ($572m), a 20 per cent year-on-year increase, and net profit of more than AED1.1bn ($299m), up 18 per cent YoY.
The performance was driven by higher occupancy, rising rental rates, improved operational efficiencies, and portfolio expansion across premium commercial and industrial assets.
Abdulla Belhoul, CEO of TECOM Group, said the company’s “robust financial and operational performance for the first nine months of 2025 reflects our agility in navigating market dynamics and a disciplined focus on delivering customer value.”
He added that the Group’s AED4.3bn ($1.17bn) strategic expansion plan since last year and sustained demand for its premium assets had strengthened TECOM Group’s contribution to Dubai’s pro-business landscape.
“Our performance reinforces TECOM Group’s major contribution towards Dubai’s pro-business landscape and attractiveness to global investors as our roadmap for sustainable growth creates long-term shareholder value.”
TECOM nine-month financial highlights
- Revenue: up 20 per cent YoY to more than AED2.1bn ($572m), driven by acquisitions, higher occupancy and increased rental rates
- Occupancy: Commercial and Industrial portfolio rose 2 per cent YoY to 96 per cent; Land occupancy increased 8 per cent to 98 per cent, reflecting sustained demand for Grade-A offices, logistics facilities and industrial land
- EBITDA: up 20 per cent YoY to AED1.7bn ($463m) with a 79 per cent margin, supported by revenue quality and cost efficiency
- Net profit: grew 18 per cent YoY to more than AED1.1bn ($299m)
- Funds from operations (FFO): rose 16 per cent YoY to AED1.5bn ($409m), led by stronger income-generating assets and consistent collections
Q3 2025: sustained momentum across portfolios
- Revenue: up 19 per cent YoY to AED724m ($198m)
- EBITDA: up 13 per cent YoY to AED563m ($153m), with a 78 per cent margin
- Net profit: up 10 per cent YoY to AED373m ($98m), supported by strong leasing and prudent financial management
Industrial portfolio
In August 2025, TECOM Group completed an AED1.6bn ($436m) acquisition of 138 land plots spanning 33m sq ft in Dubai Industrial City to meet growing demand in the manufacturing and logistics sectors.
The investment lifts TECOM Group’s total Land Lease portfolio to over 209m sq ft and enhances Dubai Industrial City’s ability to serve new and existing tenants amid rapid expansion in the UAE’s industrial base, supported by Operation 300bn, Make it in the Emirates, and the Dubai Economic Agenda D33.
Including this deal, the Group’s strategic investments total AED4.3bn ($1.17bn) since last year, reinforcing its roadmap for long-term shareholder value and sustainable growth.
Dividend commitments fulfilled
TECOM Group said it had completed its AED400m ($109m) dividend payment for H1 2025, concluding AED2.4bn ($654m) in total dividends over three years — fulfilling the AED800m ($218m) annual distribution promised at listing in 2022.
TECOM Group’s strong results highlight Dubai’s continued leadership in attracting Greenfield FDI projects and reaffirm the emirate’s reputation as a global hub for innovation, industry, and investment.
The Group said it remains focused on enhancing asset performance, maintaining disciplined capital management, and supporting Dubai’s strategic ambition to be among the world’s most business-friendly cities.
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