The «Tecom» group announced yesterday its financial results for the first nine months of the current year, recording a strong growth in revenues by 20% year-on-year to exceed 2.1 billion dirhams. Meanwhile, net profit increased by 18% year-on-year to surpass 1.1 billion dirhams, driven by higher occupancy rates, average rental values, improved operational efficiency, and strategic expansion of the group's distinctive commercial and industrial asset portfolio. EBITDA grew by 20% year-on-year to reach 1.7 billion dirhams with a profit margin of 79%, driven by improved revenues and cost reductions, reflecting the group's ability to continue achieving sustainable growth across all its business sectors. The group stated in a press release that the occupancy rate for commercial and industrial assets within the group's portfolio increased by 2% year-on-year to reach 96%, while the land occupancy rate rose by 8% year-on-year to reach 98%, reflecting strong demand for the group's quality assets, including Grade A office spaces, warehousing and logistics facilities, and industrial lands designated for leasing, amid Dubai's success in attracting more investors from around the world. Operating cash flows grew by 16% year-on-year to reach 1.5 billion dirhams, driven by improved performance of income-generating assets, continuous revenue growth, and collection processes. For the third quarter of 2025, «Tecom» recorded a 19% year-on-year revenue growth to reach 724 million dirhams, while EBITDA grew by 13% year-on-year to reach 563 million dirhams, with a profit margin of 78%, reflecting strong revenue growth. Net profit increased by 10% year-on-year to reach 373 million dirhams in the third quarter of 2025, supported by strong revenue growth and prudent financial management. The CEO of «Tecom» group, Abdullah Al-Houl, 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 flexibility while continuing to focus on delivering added value to its clients». He added: «The significant growth achieved by the group during the previous period is attributed to its strategic expansion plan of 4.3 billion dirhams 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 leading destination for new foreign direct investment projects».
