
TECOM GROUP P.J.S.C.
Pressreleases, Reports and Disclosures for TECOM GROUP P.J.S.C.
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.
TECOM Group reported a 23% increase in net profit for Q1 2025, driven by Dubai's strong economic performance and global investment appeal. Revenue rose 21% year-on-year to AED 680 million, supported by robust performance across all business segments and a strategic focus on sustainable growth. EBITDA increased by 23% to AED 540 million, with the EBITDA margin improving to 79%. The net profit reached AED 361 million, aided by higher revenue and effective capital management. The customer base grew by 6% to over 12,000, with strong demand for commercial, industrial, and land lease assets. The group's results reflect the strength of its diverse asset portfolio and its successful long-term growth strategy. Operational highlights include a 4% increase in commercial and industrial occupancy to 95% and a 2% rise in land lease occupancy to 98%.
TECOM Group PJSC and its subsidiaries have released their condensed interim consolidated financial statements for the three-month period ending on March 31, 2025.
The Board of Directors of TECOM Group PJSC will meet on Thursday, May 1, 2025, at 3:00 PM to review and approve the condensed consolidated interim financial statements for the first quarter of 2025, along with other regular matters and any additional business. This meeting has been disclosed to the Dubai Financial Market and the Securities and Commodities Authority.