TECOM Group posts strong 2025 results as revenues and profits rise

Dubai-based TECOM Group has reported a strong financial performance for 2025, driven by rising demand across its commercial, industrial and land portfolios.

The company said revenues for the year to the end of December rose by 19 per cent compared with 2024, supported by higher occupancy rates, portfolio expansion and improved operational efficiency.

Earnings before interest, tax, depreciation and amortisation reached AED2.2bn, up 20 per cent year on year, with an EBITDA margin of 78 per cent. Recurring net profit increased by 20 per cent to AED1.5bn, which the group attributed to cost discipline and optimised financing.

Reflecting the results, chairman Malek Al Malek said the board had proposed a 10 per cent increase in the dividend for the second half of 2025 to AED440m, subject to shareholder approval. The company has also set an updated dividend framework for 2026, targeting total payouts of AED880m.

Chief executive Abdulla Belhoul said the group’s performance highlighted the role of its business districts in supporting economic growth and strengthening Dubai’s appeal to global investors and talent.

TECOM Group invested more than AED2.5bn in acquisitions and development projects during 2025. This included a AED1.6bn purchase of 138 industrial land plots in Dubai Industrial City, aimed at meeting growing demand in the industrial sector.

Occupancy levels continued to rise, with overall commercial and industrial occupancy reaching 97 per cent. The commercial portfolio stood at 95 per cent, while industrial assets reached 98 per cent.

Funds from operations rose 19 per cent to AED2bn, while the fair value of the group’s investment property portfolio increased by 23 per cent to AED34.5bn.

The company also reported progress on environmental initiatives, generating more than 15 gigawatt hours of electricity from on-site solar plants, accounting for around 7 per cent of its total power consumption.