The Tecom Group, listed on the Dubai Financial Market under the ticker “TECOM,” has announced its financial results for the first nine months and the third quarter ended September 30, 2025. This group operates specialized business clusters focusing on vital sectors in Dubai.
Tecom Group experienced robust revenue growth of 20% year-on-year, surpassing 2.1 billion AED in the first nine months of the year. Additionally, net profits rose by 18% year-on-year, exceeding 1.1 billion AED, driven by increased occupancy rates, higher average rental values, improved operational efficiency, and strategic expansions within the group’s premium commercial and industrial asset portfolio.
Commenting on these results, CEO Abdullah Belhoul stated, “The strong financial and operational performance obtained by the group during the first nine months of 2025 exemplifies our capability to leverage favorable market conditions and adapt flexibly to changes. This success focuses heavily on adding value for our clients. The significant growth we have recorded in the previous period can be attributed to our strategic expansion plan worth 4.3 billion AED initiated last year and the high demand for our premium commercial and industrial assets, all while Dubai continues to establish itself as a leading destination for new foreign direct investment projects.”
He further noted, “The performance of Tecom Group highlights its pivotal role in enhancing the competitiveness of Dubai’s business sector, showcasing its growing ability to attract investors globally. Our ambitious future plans continue to contribute to sustainable value creation for our stakeholders.”
Key Financial Highlights
First Nine Months of 2025
• The group’s revenue grew by 20% year-on-year, exceeding 2.1 billion AED, propelled by acquisitions and high occupancy rates across all business sectors, along with increased average rental prices.
• The occupancy rate of commercial and industrial assets within the group’s portfolio increased by 2% year-on-year to reach 96%, while land occupancy rose by 8% year-on-year to hit 98%. This reflects strong demand for the group’s quality assets, including class A office spaces, storage facilities, logistics services, and industrial land designated for lease, as Dubai successfully attracts more investors worldwide.
• Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by 20% year-on-year to 1.7 billion AED, with a profit margin of 79%. This improvement stems from enhanced revenues and cost reduction, demonstrating the group’s ongoing capacity for sustainable growth across all its business sectors. Net profits increased by 18% year-on-year, surpassing 1.1 billion AED, bolstered by improved operational efficiency and capital management in all areas of the group.
• Cash flows from operating activities experienced a 16% year-on-year growth, reaching 1.5 billion AED, driven by an improved performance in income-generating assets and ongoing enhancements in revenue and collections.
Third Quarter of 2025
• Revenue recorded a growth of 19% year-on-year, reaching 724 million AED in the third quarter of 2025, with the group continue to harness the economic performance of the UAE and Dubai, along with increasing demand for high-quality commercial and industrial assets and land.
• EBITDA increased by 13% year-on-year to 563 million AED, achieving a profit margin of 78%, reflecting strong revenue growth.
• Net profits rose by 10% year-on-year to 373 million AED in the third quarter of 2025, supported by substantial revenue growth and sound financial management.
Noteworthy Strategic Investments
In August 2025, Tecom Group announced an investment of 1.6 billion AED for the acquisition of 138 industrial land plots covering a total area of 33 million square feet in Dubai Industrial City, catering to the growing demand in the industrial sector.
This strategic expansion enhances the group’s land portfolio, surpassing a total area of 209 million square feet, reinforcing Dubai Industrial City as a preferred destination for manufacturing and logistics companies, and boosting its capability to meet the growing needs of existing and new clients amid rising industrial sector demand in the UAE and Dubai. This demand is driven by leading governmental strategies and initiatives, including the “300 Billion Project,” the “Make in the UAE” initiative, and the Dubai Economic Agenda D33.
The acquisition of new lands in Dubai Industrial City during the third quarter of 2025 brings the group’s total investments to 4.3 billion AED since last year, affirming the success of its strategic plan aimed at generating more growth opportunities and ensuring long-term sustainable value.
To maximize shareholder returns, Tecom Group announced the completion of cash dividend distributions in line with its established dividend policy, including the final payment of 400 million AED for the first half of 2025. This completes a total cash distribution of 2.4 billion AED over the past three years, consistent with its plan to distribute 800 million AED annually since the group’s shares were listed on the Dubai Financial Market in 2022.