TECOM Group, listed on the Dubai Financial Market under the symbol "TECOM", today announced its financial results for the first nine months of 2025 and the third quarter ending September 30, 2025.
TECOM Group recorded strong revenue growth of 20% year-on-year to exceed AED 2.1 billion during the first nine months of the year, while net profit increased by 18% year-on-year to surpass AED 1.1 billion, driven by higher occupancy rates, average rental values, improved operational efficiency, and strategic expansion of the Group's distinctive commercial and industrial assets portfolio.
Commenting on these results, Abdullah AlHoul, Chief Executive Officer of TECOM Group, said: "The strong financial and operational performance achieved by the Group during the first nine months of 2025 reflects its ability to capitalize on favorable market conditions and adapt to changes with high agility, while continuing to focus on delivering added value for our clients. The remarkable growth achieved by the Group during the previous period is attributed to its AED 4.3 billion strategic expansion plan since last year and the high demand for our distinctive commercial and industrial assets, while Dubai continues to solidify its position as the world's top destination for new greenfield foreign direct investment projects".
He added: "TECOM Group's performance reflects its pivotal role in enhancing the competitiveness of Dubai's business sector and its growing ability to attract investors from around the world, while our ambitious future plans continue to contribute to creating sustainable value for shareholders".
**Key Financial Results**
**First Nine Months of 2025**
* The Group's revenue grew by 20% year-on-year to exceed AED 2.1 billion, driven by acquisitions and high occupancy rates across all its business sectors, coupled with an increase in average rental value. * The occupancy rate for commercial and industrial assets within the Group's portfolio increased by 2% year-on-year to reach 96%, while the occupancy rate for land plots increased by 8% year-on-year to reach 98%, reflecting strong demand for the Group's high-quality assets, including Grade A office spaces, storage and logistics facilities, and dedicated industrial land for leasing, amidst Dubai's success in attracting more investors from around the world. * Profit before interest, tax, depreciation, and amortization (EBITDA) increased by 20% year-on-year to reach AED 1.7 billion with a profit margin of 79%, driven by revenue growth and cost reduction, reflecting the Group's ability to continue achieving sustainable growth across all its business sectors. * Net profit increased by 18% year-on-year to surpass AED 1.1 billion, driven by enhanced operational efficiency and capital management across all the Group's business sectors. * Operating cash flows grew by 16% year-on-year to reach AED 1.5 billion, driven by improved performance of income-generating assets, continued revenue growth, and efficient collection processes.
**Third Quarter of 2025**
* Revenue grew by 19% year-on-year to reach AED 724 million in the third quarter of 2025, as the Group continues to benefit from the economic performance of the UAE and the Emirate of Dubai, and the increasing demand for high-quality commercial, industrial, and land assets. * Profit before interest, tax, depreciation, and amortization (EBITDA) grew by 13% year-on-year to reach AED 563 million with a profit margin of 78%, reflecting strong revenue growth. * Net profit increased by 10% year-on-year to reach AED 373 million in the third quarter of 2025, supported by strong revenue growth and prudent financial management.
**Key Strategic Investments**
In August 2025, TECOM Group announced an investment of AED 1.6 billion to acquire 138 industrial land plots with a total area of 33 million square feet in Dubai Industrial City, to meet the strong and growing demand in the industrial sector.
This strategic expansion contributes to growing TECOM Group's land portfolio to exceed a total area of 209 million square feet, which reinforces Dubai Industrial City's leading position as a preferred destination for manufacturing and logistics companies and enhances its ability to meet the growing needs of its existing and new clients, amidst the growing demand witnessed in the industrial sector in the UAE and Dubai, thanks to the UAE's leading government strategies and initiatives, including the "Projects of the 300 Billion" initiative, the "Make in the UAE" initiative, and Dubai Economic Agenda D33.
The land acquisition deal in Dubai Industrial City during the third quarter of 2025 raises TECOM Group's total investments value to AED 4.3 billion since last year, confirming the success of its strategic plan to create more opportunities to continue its growth and ensure long-term sustainable value.
In its commitment to delivering the best possible returns to its shareholders, TECOM Group announced the completion of cash dividends distribution in accordance with its approved dividend policy, by making the final tranche of distributions worth AED 400 million for the first half of 2025. These final distributions confirm the Group's success in distributing a total of AED 2.4 billion in cash dividends over the past three years, in line with its plan to distribute AED 800 billion annually since its listing on the Dubai Financial Market in 2022.
