TECOM GROUP P.J.S.C.

TECOM GROUP P.J.S.C.

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TECOM Group Reports 22% Growth in H1 2025 Profit

Summary

TECOM Group PJSC has reported a 22% increase in net profit for H1 2025, with revenue rising 21% to AED 1.4 billion, driven by strategic expansion and strong performance.
TECOM Group PJSC has announced a significant 22% increase in net profit for the first half of 2025, driven by strategic expansion and strong performance across its business segments.

TECOM Group PJSC, a prominent developer and operator of specialised business districts in Dubai, has reported a remarkable 22% growth in net profit for the first half of 2025, reaching AED 737 million. This impressive performance was driven by strategic expansion and robust performance across its business segments. The company's revenue also saw a substantial increase of 21%, amounting to AED 1.4 billion, underpinned by continued growth in rental rates, high occupancy rates, and income from strategic assets acquired in the previous year.

The company's EBITDA rose by 24% year-on-year to AED 1.1 billion, with the EBITDA margin increasing to 80%, reflecting operational optimisation and sustainable business growth. TECOM Group's funds from operations (FFO) grew by 17%, reaching AED 984 million, led by improved revenue quality and effective management of the Group's portfolio.

In line with its dividend policy, TECOM Group's Board of Directors has approved an interim cash dividend payment of AED 400 million for the first half of 2025. This decision underscores the company's commitment to delivering value to its shareholders.

TECOM Group's strong performance reaffirms its role as a partner of choice for international and regional companies across the six vital sectors served by its 10 specialised business districts. This achievement consolidates the UAE's and Dubai's position as a globally leading hub for foreign direct investment.

Given the company's strong financial performance, strategic expansion, and its role in enhancing Dubai's status as a global business hub, investors might consider holding their shares in TECOM Group. The company's consistent growth and strategic initiatives suggest a promising future, making it a potentially rewarding investment in the long term.

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