TECOM Group sees solid start to 2025
TECOM Group has kicked off 2025 with strong results, reporting a 21 per cent jump in revenue to AED 680 million for the first quarter.
Net profit also rose by 23 per cent to AED 361 million compared to the same period last year.
The group, which is a leading developer and operator of specialised business districts across Dubai, credits the growth to its diverse asset portfolio and Dubai's rising status as a global hub for business and investment.
CEO Abdulla Belhoul said the strong performance highlights TECOM's key role in supporting Dubai's knowledge economy and attracting top global talent.
"Our impressive Q1 2025 performance reinforces TECOM Group's leading role in curating Dubai's most dynamic and pro-growth business districts as well as our strategic roadmap for sustainable growth," he added.
Q1 2025 financial highlights
Strong performance across all business segments and the Group's strategic roadmap for expansion and sustainable growth led to revenues of AED 680 million, representing year-on-year (YoY) growth of 21%.
Reflecting revenue growth and improved operational performance across all areas of the business, EBITDA (earnings before interest, taxes depreciation, and amortisation) increased by 23% YoY to AED 540 million, while EBITDA margin grew to 79%.
Net profit increased by 23% YoY to AED 361 million, while – led by improved collections and the strong performance of income-generating assets – funds from operations (FFO) noted 16% YoY growth to AED 480 million.
TECOM Group reports a 21% year-on-year increase in revenue, reaching AED 680 million in the first quarter of 2025. Net profit also rises by 23% YoY to AED 361 million during the same period. The Group's exceptional performance highlights the strength of its diverse asset… pic.twitter.com/xhfhT7V9Wk
— Dubai Media Office (@DXBMediaOffice) May 2, 2025
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