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.
TECOM Group reported record revenues of AED 2.9 billion for 2025, marking a 19% year-on-year increase. The group's recurring net profit also rose by 20% to AED 1.5 billion, marking the fourth consecutive year of strong growth. This performance was driven by strategic portfolio expansion and robust performance across all business segments. EBITDA reached AED 2.2 billion, a 20% increase with a 78% margin, supported by effective operational performance. Funds from Operations grew by 19% to AED 2 billion, aided by stronger income-generating assets and improved collections. The fair value of the Group’s Investment Property Portfolio increased by 23% to AED 34.5 billion. Occupancy rates for commercial and industrial assets remained high at 97%, reflecting strong demand and customer retention. The Board proposed a cash dividend of AED 440 million for the second half of 2025, a 10% increase over previous payouts. The Group invested over AED 2.5 billion in strategic development projects and acquisitions to support sustainable growth.
The document is the consolidated financial statements of TECOM Group PJSC and its subsidiaries for the year ending December 31, 2025.
TECOM Group has acquired a university campus in Dubai International Academic City, covering over 300,000 sq.ft., to meet increasing demand for higher education assets. This acquisition aligns with government strategies like the National Strategy for Higher Education 2030 and Dubai Economic Agenda 'D33'. The AED 125 million investment is part of TECOM Group's plan for expansion and sustainable growth, raising its total investments in commercial and industrial assets to over AED 5.5 billion since July 2022. TECOM plans to upgrade the campus to enhance its Education Cluster, which includes Dubai International Academic City and Dubai Knowledge Park, currently operating at a 99% occupancy rate.
TECOM Group has launched Phase 4 of its Innovation Hub in Dubai Internet City, a development valued at AED 615 million. This expansion responds to the growing demand for Grade-A office spaces from multinational companies in future-focused economic sectors. The project aligns with the UAE's Digital Economy Strategy and Dubai Economic Agenda D33, bringing TECOM's total investment in the Innovation Hub to AED 2 billion. The new phase, with a gross leasable area of 263,000 sq. ft., aims to strengthen TECOM's portfolio and provide sustainable value for shareholders. The previous phases, including the fully leased Phase 3, have been successful, with tenants such as Google and Gartner. The completion of Phase 4 in 2028 will enhance TECOM's ability to serve technology clients amid increasing demand for premium office spaces.
On December 11, 2025, the Board of Directors of TECOM Group PJSC held a meeting where they approved the business plan and budget for 2026-2030, along with regular matters and other business items.
The TECOM Group PJSC Board of Directors is scheduled to meet on Thursday, December 11, 2025, at 3:00 PM. The meeting will focus on discussing and approving the business plan and budget for 2026-2030, as well as addressing regular matters and any other business. The disclosure of this meeting is addressed to Mr. Hamed Ali, CEO of the Dubai Financial Market, and a copy is sent to the Securities and Commodities Authority.