
TECOM GROUP P.J.S.C.
Pressreleases, Reports and Disclosures for TECOM GROUP P.J.S.C.
TECOM Group reported strong financial performance in the first quarter of 2026, with a 12% increase in net profit, driven by a diversified business model, resilient operations, and a robust customer base. Revenues grew by 11% year-on-year to AED 755 million, reflecting the group's ability to sustain growth. EBITDA increased by 13% to AED 610 million, with an EBITDA margin of 81%, supported by operational efficiency and disciplined cost management. The recurring net profit rose to AED 403 million, aided by high occupancy rates and strategic investments. Funds from Operations grew by 14% to AED 549 million, driven by revenue growth and optimized collections. Occupancy rates for commercial and industrial assets increased to 98%, indicating strong demand for Grade-A assets. Overall, strategic investments, high occupancy rates, and solid customer retention contributed to TECOM Group's profitability.
The document is the condensed interim consolidated financial statements for TECOM Group PJSC and its subsidiaries, covering the three-month period ending on March 31, 2026.
On April 28, 2026, the Board of Directors of TECOM Group PJSC held a meeting where they approved the condensed consolidated interim financial statements for the first quarter of 2026 and addressed regular matters and any other business.
The Board of Directors of TECOM Group PJSC will meet on Tuesday, April 28, 2026, at 3:00 PM. The agenda includes reviewing and approving the condensed consolidated interim financial statements for the first quarter of 2026, along with discussing regular matters and any other business. The meeting details were communicated to Mr. Hamed Ali, CEO of Dubai Financial Market, and a copy was sent to the Capital Market Authority.
TECOM Group PJSC held its Annual General Assembly Meeting at Dubai Internet City, where shareholders approved the financial statements for 2025 and endorsed a cash dividend distribution of AED 440 million for the second half of the year, totaling AED 840 million for 2025. This reflects the group's fourth consecutive year of strong growth. Additionally, shareholders approved a new dividend policy for 2026, proposing an aggregate cash dividend of AED 880 million, to be paid in two equal installments. The meeting also saw the approval of TECOM Group's Corporate Social Responsibility and Charitable Contributions Policy, which aligns with their ESG framework. In 2025, TECOM Group reported record revenues of AED 2.9 billion, a 19% increase from the previous year, with an EBITDA of AED 2.2 billion and a 20% rise in recurring net profit to AED 1.5 billion. Funds from Operations grew by 19% to AED 2 billion.
The General Meeting of TECOM Group PJSC took place on Tuesday, 10 March 2026, from 3:00 pm to 3:30 pm at Thuraya Hall, Dubai Internet City, Dubai, and was also accessible remotely. Mr. Malek Al Malek chaired the meeting, which had a quorum of 88.1% attendance through electronic voting. The meeting resulted in the approval of the Board of Directors' report on the company's activities and financial position for the year ending 31 December 2025, the external auditors' report, the company's balance sheet, and profit and loss account for the same period. Additionally, a cash dividend distribution for the second half of the financial year amounting to AED 440 million (8.8 fils per ordinary share) was approved, bringing the total cash dividend for the fiscal year 2025 to AED 840 million, including an interim dividend of AED 400 million.
The document is the Annual Report for 2025 from TECOM Group PJSC, focusing on themes of "Powering Growth" and "Creating Value."
The Board of Directors of TECOM Group PJSC invites shareholders to attend the Annual General Assembly Meeting on Tuesday, March 10, 2026, at 3:00 p.m. The meeting will take place at the company's offices in Dubai Internet City and via electronic attendance. The agenda includes: approving the Board's report on company activities and financial position for the year ending December 31, 2025; approving the external auditors' report; discussing and approving the balance sheet and profit and loss account for the same period; considering the Board's recommendation to distribute a cash dividend of AED 440 million for the second half of 2025, totaling AED 840 million for the year; and reviewing the Board of Directors' remuneration proposal for 2025.