

The document is the condensed interim consolidated financial statements for TECOM Group PJSC and its subsidiaries, covering the nine-month period ending on September 30, 2025.
On 30 October 2025, the Board of Directors of TECOM Group PJSC held a meeting where they approved the Condensed Consolidated Financial Statements for the nine-month period ending on 30 September 2025. They also addressed regular matters and other business. This information was disclosed to the Dubai Financial Market and copied to the Securities and Commodities Authority.
TECOM Group has achieved LEED certification for 55% of its office buildings' gross leasable area (GLA) across Dubai, reinforcing its commitment to sustainable development as part of its environmental, social, and governance (ESG) framework. As of the first half of 2025, the group has 55 LEED-certified buildings, including those in Dubai Internet City, Dubai Media City, Dubai Design District, and Dubai Industrial City, which have received LEED Gold certifications. This achievement aligns with the United Nations’ Sustainable Development Goals and aims to create long-term value for customers and colleagues. TECOM Group's efforts in sustainability and energy efficiency, such as their Energy Retrofit Project, have led to significant energy savings and are recognized by the Dubai Supreme Council of Energy. The group emphasizes the importance of sustainable practices in shaping the future of urban workspaces and enhancing business excellence for its global customers.
TECOM Group has announced a AED 1.6 billion investment to expand its portfolio in Dubai Industrial City by acquiring 138 land plots covering 33 million square feet. This acquisition increases TECOM Group's total investments to AED 4.3 billion since last year and expands its land portfolio to over 209 million square feet. The move aims to meet the strong demand for commercial and industrial assets and aligns with long-term initiatives such as Operation 300bn, Make it in the Emirates, and the Dubai Economic Agenda 'D33'. Dubai Industrial City, a key manufacturing and logistics hub, is currently operating at a 99% occupancy rate. The acquisition, approved by TECOM Group's Board of Directors, is expected to enhance the appeal of Dubai Industrial City to manufacturing and logistics companies, supporting both existing and new customer needs. Abdulla Belhoul, CEO of TECOM Group, highlighted the strategic importance of this acquisition in reinforcing the UAE and Dubai's role as a global hub for foreign direct investment and advancing the country's manufacturing sector.
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.