TECOM Group reports Dh737 million net profit in H1
DUBAI (ALETIHAD)TECOM Group announced its financial results for the first half (H1) of the year ending June 30, 2025. The Group reported robust net profit growth of 22 per cent year-over-year (YoY) to Dh 737 million, with revenue rising 21 per cent YoY to Dh 1.4 billion during the period.TECOM Group noted a YoY 24 per cent increase in EBITDA, which reached Dh1.1 billion, maintaining healthy EBITDA margins at 80 per cent, reflecting sustainable business growth.Funds from operations (FFO) increased by 17 per cent YoY to reach Dh984 million, supported by consistent collections and improved revenue quality.The Board of Directors approved an interim dividend payment of Dh400 million for H1 2025, in line with the approved Dividend Policy valid until September 2025.Malek Al Malek, Chairman of TECOM Group, said the results reflect the Group's resilience and its ability to keep pace with the economic growth witnessed in the UAE. He added that TECOM continues to enhance its operational efficiency and deliver sustainable value to shareholders.Abdulla Belhoul, Chief Executive Officer of TECOM Group, said, 'Our financial and operational growth in H1 2025 reflects the success of TECOM Group's roadmap for long-term growth through our recent strategic investments and attracting new customers. The Group's robust performance is a step forward in our journey to enable a sustainable future through our ecosystems, solidifying the UAE's and Dubai's appeal as a global destination for investment and the ease of doing business.'Occupancy in the Group's Land Lease portfolio reached 99 per cent, marking YoY growth of 3 per cent, led by strong customer demand from the industrial sector, accelerated by government strategies such as Operation 300bn, Make it in the Emirates, and Dubai Economic Agenda 'D33'.In April, PayPal opened its first regional headquarters in the Middle East and Africa at Dubai Internet City, the pioneering hub uniting global tech industry leaders and talent, which today generates 65 per cent of Dubai's technology sector GDP.In May, Pure Ice Cream commenced construction on its Dh80 million production facility at Dubai Industrial City, cementing its vital contribution towards developing the UAE's industrial sector.TECOM Group continued its commitment to nurturing sustainability across its ecosystems and raised the number of its LEED-certified buildings to 55 during H1 2025, marking 34 per cent growth compared to H1 2024.The Group made steady progress towards renewable energy adoption, with its solar power projects contributing 8 gigawatt hours (GWh) of clean energy.Aligned with the UAE's vision to strengthen gender balance in the private sector, 35.4 per cent of the Group's workforce is comprised of women.
TECOM Group has been awarded Shariah compliance certification by the Shariyah Review Bureau (SRB) for the fiscal period ending March 31, 2025.
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