Dubai: TECOM Group announced its financial results for the first half (H1) of the year ending 30th June 2025. The Group reported net profit growth of 22 percent year-on-year (YoY) to AED737 million, with revenue rising 21 percent YoY to AED 1.4 billion during the period.
According to Emirates News Agency, TECOM Group noted a YoY 24 percent increase in EBITDA, reaching AED1.1 billion, maintaining EBITDA margins at 80 percent, reflecting sustainable business growth. Funds from operations (FFO) increased by 17 percent YoY to reach AED984 million, supported by consistent collections and improved revenue quality. The Board of Directors approved an interim dividend payment of AED400 million for H1 2025, in line with the approved Dividend Policy valid until September 2025.
Malek Al Malek, Chairman of TECOM Group, stated that the results reflect the Group’s resilience and its ability to keep pace with the economic growth witnessed in the UAE. He mentioned that TECOM continues to enhance its operational efficiency and deliver sustainable value to shareholders. Abdulla Belhoul, Chief Executive Officer of TECOM Group, emphasized the success of TECOM Group’s roadmap for long-term growth through strategic investments and attracting new customers. The Group’s performance supports a sustainable future through its ecosystems, enhancing the UAE’s and Dubai’s appeal as a global investment destination.
Occupancy in the Group’s Land Lease portfolio reached 99 percent, marking YoY growth of 3 percent, driven by strong customer demand from the industrial sector. Government strategies such as Operation 300bn, Make it in the Emirates, and Dubai Economic Agenda ‘D33’ contributed to this growth. In April, PayPal opened its first regional headquarters in the Middle East and Africa at Dubai Internet City, while in May, Pure Ice Cream commenced construction on its AED80 million production facility at Dubai Industrial City.
TECOM Group continued to focus on sustainability across its ecosystems, increasing the number of its LEED-certified buildings to 55 during H1 2025, marking 34 percent growth compared to H1 2024. The Group also made progress in renewable energy adoption, with solar power projects contributing 8 gigawatt hours (GWh) of clean energy. In line with the UAE’s vision for gender balance in the private sector, 35.4 percent of the Group’s workforce is comprised of women. Additionally, TECOM Group received Shariah compliance certification from the Shariyah Review Bureau (SRB) for the fiscal period ending 31st March 2025.