Press releases, Reports & Disclosures for TECOM GROUP P.J.S.C.

TECOM Group reported a 22% increase in net profit for the first half of 2025, reaching AED 737 million, driven by strategic expansion and strong performance across its business segments. Revenue grew by 21% to AED 1.4 billion, supported by rising rental rates, high occupancy rates, and income from strategic assets acquired the previous year. EBITDA rose 24% year-on-year to AED 1.1 billion, with the EBITDA margin increasing to 80%, indicating operational optimization and sustainable growth. Funds from operations increased 17% to AED 984 million, due to improved revenue quality and effective portfolio management. The Board of Directors approved an interim cash dividend of AED 400 million for the first half of 2025, in line with the company's dividend policy. The results highlight TECOM Group's strong performance and its role as a key partner for international and regional companies, reinforcing Dubai's position as a leading hub for foreign direct investment.

The document is the condensed interim consolidated financial statements of TECOM Group PJSC and its subsidiaries for the six-month period ending June 30, 2025.

The Board of Directors of TECOM Group PJSC will meet on Thursday, 31 July 2025, at 3:00 PM to discuss and approve several matters. These include reviewing the condensed consolidated interim financial statements for the first half of the financial year ending 30 June 2025, considering the distribution of an interim cash dividend for the same period, and addressing regular matters and any other business. A copy of this disclosure is also being sent to the Securities and Commodities Authority.

The earnings call for TECOM Group PJSC regarding the financial statements for the first quarter ending on March 31, 2025, was held at 3:00 pm on Monday, May 12, 2025. Shareholders and investors are encouraged to visit the Investor Relations page on the company's website to view the presentation of the financial results and operational highlights for the period. A link to the presentation is provided. The communication is addressed to Mr. Hamad Ali, CEO of the Dubai Financial Market, and is copied to the Securities and Commodities Authority. The letter is from Abdulla Belh, a Chief Executive, and TECOM Group is a member of Dubai Holding.