The global technology corporation "Ticom", listed on the Dubai Financial Center exchange, reported a 23% increase in its net profit for the first quarter of 2025, reaching 361 million dirhams. This success was primarily due to the exceptional economic performance of the Emirate of Dubai and its leading position as a global business and investment center.
The group recorded a revenue of 680 million dirhams for the same period, which indicates a growth of 21% compared to the previous year. This result was achieved thanks to strong indicators across all business sectors and a strategic plan for expansion and ensuring sustainable growth.
One of the key operational moments in the first quarter of 2025 was the opening of the "Epson" innovation center in Dubai for the development of new technological solutions in the region, and the announcement of the Dubai Internet Association, which constitutes 65% of the overall GDP, according to the results of their collaboration with Accenture.
Additionally, the Dubai Chamber of Commerce signed a strategic agreement with the French company "Groupe Eme" for the development of sustainable nuclear energy solutions and attracting investments of more than 350 million dirhams in the food industry sector by 2024.
Profits before tax, fees, amortization, and depreciation increased by 23% to 540 million dirhams with a margin of 79%. The General Director of "Ticom", Abdulla Balykhul, noted that such impressive results reflect the excellent indicators of a diversified active portfolio of the group, contributing to prominence in Dubai through the involvement of global companies and qualified specialists in six strategic sectors.
He added that such success confirms the leading position of the group in the business-cluster sector in Dubai and underlines its achievements in achieving sustainable growth, utilizing the favorable investment environment and advanced infrastructure for creating prospective opportunities to enhance value for shareholders.
The first quarter of 2025 showed outstanding operational indicators with an increased number of clients by 6% compared to the previous year, exceeding 12 thousand clients, supported by strong demand for commercial and industrial properties and land leasing.
A global company in the science sector expanded its operations in Dubai, while in May, the complex held major scientific events, including the first interregional forum on science and sustainability. The group also launched the third version of the "Goodwill Store" initiative in collaboration with the Dubai Charity Fund in March last year to facilitate donations and charitable contributions during Ramadan and the festivities of Uraz. Approximately 137 thousand employees participated in this event.
