TECOM Group Records 21% Revenue Surge in Q1 2025 as Profit Climbs to AED361 Million
TECOM Group reported a robust start to 2025, with first-quarter revenues climbing 21 percent year-on-year to AED680 million and net profit rising 23 percent to AED361 million, driven by strong operational performance across its portfolio.
The company's EBITDA grew by 23 percent to AED540 million, with the EBITDA margin improving to 79 percent. The growth reflects increased demand across its commercial, industrial, and land leasing segments, bolstered by a six percent rise in its customer base, which now exceeds 12,000.
CEO Abdulla Belhoul credited the performance to the strength of TECOM's diverse asset base and its alignment with Dubai's push to grow its knowledge-based economy. 'We continue to attract global companies and world-class talent across six strategic sectors,'
he said.
The quarter also saw significant developments across TECOM's districts. Epson launched an Innovation Centre at Dubai Production City, and Fabtech Engineering at Dubai Industrial City signed a strategic agreement with Groupe M to boost innovation in nuclear and sustainable energy.
Dubai Internet City, a key TECOM asset, was found to contribute 65 percent of the emirate's tech sector GDP, according to a study conducted with Accenture. Dubai Science Park welcomed biopharma leader MSD and hosted the region's first Longevity Science Semester Symposium.
Dubai Design District cemented its global fashion status by showcasing the Autumn/Winter 2025–26 edition of Dubai Fashion Week. Meanwhile, the third edition of The Good Store initiative brought together over 137,000 professionals for charitable giving during Ramadan and Eid.
Belhoul noted that TECOM's performance reinforces its role in shaping Dubai's future economy while delivering long-term value to shareholders.
News Source: Emirates News Agency
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Emirates 24/7
5 days ago
- Emirates 24/7
Abdulla Al Hamed inaugurates UAE Media Council office in Dubai Internet City
Abdulla bin Mohammed bin Butti Al Hamed, Chairman of the National Media Office and Chairman of the UAE Media Council, inaugurated the Council's new headquarters in Dubai Internet City. The move aligns with the Council's vision to foster a flexible, efficient working environment that nurtures national talent, attracts global expertise, and keeps pace with rapid developments in the media sector. The inauguration ceremony was attended by Mohammed Saeed Al Shehhi, Secretary-General of the UAE Media Council; Maitha Majed Al Suwaidi, Executive Director of the Media Strategy and Policy Sector; Abdulla Belhoul, CEO of TECOM Group; Majed Al Suwaidi, Managing Director of Dubai Media City; and Ammar Al Malik, Executive Vice President of Commercial Leasing at TECOM Group. Abdulla Al Hamed toured the new facility, which enjoys a strategic location at the heart of one of the world's most prominent media hubs. The new headquarters is expected to enhance the Council's ability to build effective partnerships with leading institutions and strengthen its role in anticipating and shaping the future of media with greater efficiency and agility. The facility also reflects the Council's broader commitment to developing its institutional structure in support of its strategic objectives. During a meeting with the Council's staff, Al Hamed affirmed that the new headquarters embodies the Council's vision of establishing a progressive regulatory environment, one that nurtures national talent, fosters creativity, and positions human capital at the heart of media development. He underscored the importance of maintaining the momentum built since the Council's inception and called for greater efforts in the coming phase, particularly in implementing media policies and initiatives aligned with the new media framework. This includes integrated legislation and services designed to boost sector competitiveness, drive growth, and create opportunities for local content and emerging media ventures. Follow Emirates 24|7 on Google News.
Al Etihad
5 days ago
- Al Etihad
Dubai Fitness Challenge to take place in November
2 June 2025 13:21 DUBAI (WAM)The organising committee of the Dubai Fitness Challenge (DFC) has announced that its ninth edition will take place from 1st to 30th November, coinciding with the 'Year of the Community'.The committee also unveiled a bold, refreshed brand identity, which celebrates its transformative impact on the city's health and wellbeing. The announcement was made at a special gathering held to thank the government entities, schools, corporate entities, partners, fitness establishments and local communities that have helped make the annual event a resounding Belhoul, Vice Chairman of the Dubai Sports Council and CEO of the Dubai Future Foundation, began the ceremony with gratitude for every individual, organisation, government partner and stakeholder who has helped shape the success of DFC, noting that more than 13 million people have taken part over eight in 2017 by H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of the Executive Council of Dubai, the DFC embodies his vision to transform Dubai into one of the world's most active by this visionary leadership, the initiative's ongoing success supports the objectives of the Dubai Economic Agenda D33, reinforcing the city's position as a global leader in both business and on the impact of DFC, he said, 'With 2025 declared the Year of Community in the UAE, I am confident that this year's edition will once again unite friends, families, and organisations in the shared pursuit of a healthier, more active lifestyle.'Ahmed Al Khaja, CEO of Dubai Festivals and Retail Establishment, said the Dubai Fitness Challenge has played a key role in encouraging healthier lifestyles and advancing the D33 Agenda's vision of making Dubai the best place to live, work, and visit. He added that the initiative's refreshed brand reflects its dynamic spirit and ongoing impact, as it continues to enhance well-being and strengthen Dubai's global the refreshed brand, the 2025 highlight calendar was revealed, featuring 30 days of free and inclusive fitness events, fitness villages, community hubs, classes, and year's Challenge will feature a brand new flagship event: Dubai Yoga, which will bring the 30-day Challenge to a close with a sunset yoga session on 30th events include the Dubai Ride, presented by DP World on November 2; Dubai Stand-Up Paddle on November 8-9; and Dubai Run, presented by Mai Dubai, on November 2024 edition saw a record-breaking 2,735,158 participants - a 14 percent increase from 2023. Data from 2024 highlights DFC's lasting impact: 18 percent of participants reported improved physical fitness, 15 percent noted enhanced psychological wellbeing, and 14 percent experienced greater self-esteem and reduced anxiety.
Zawya
28-05-2025
- Zawya
Himatrix launches key phase of Dubai Industrial City R&D unit
Himatrix Group, a leading industrial equipment supplier in Dubai, has inaugurated the first phase of its application lab, research, and training centre at Dubai Industrial City. Spanning 45,000 sq ft, the key facility will support its 100-strong workforce. Spanning 45,000 sq ft, the facility at Dubai Industrial City, part of Tecom Group, will support Himatrix Group's vision for growth and expansion during 2024 in regional and international markets by leveraging the district's strategic geographic location and links to regional and global transportation hubs, including Jebel Ali seaport, Al Maktoum International Airport, intra-regional highway networks and soon, an Etihad Rail freight terminal. Himatrix Group is the parent company of entities including Himatrix Measurements Equipment's, Himatrix Measurement Laboratory, Matrix Packing Materials Manufacturing, and Icpro Technologies. With state-of-the-art technology installed at the facility, the new hub is designed to accommodate Himatrix Group's planned recruitment of additional specialists to support its 100-strong workforce, which will be based at the new centre. "Industrialisation-led economic growth requires that manufacturers have access to an environment that not only encourages innovation but also empowers local production," said Saud Abu Alshawareb of Dubai Industrial City. "Himatrix Group's inauguration at Dubai Industrial City is a testament to market confidence in our ecosystem, which embodies the goals of the Operation 300bn, Make it in the Emirates, and Dubai Economic Agenda 'D33' strategies to promote the manufacturing sector's expansion in the UAE and beyond," stated Alshawareb. "Such specialised laboratories strengthen the industrial cycle that our ecosystem offers to its customers, and we welcome Himatrix Group to unlock opportunities and target further growth from its new base at our district," he added. The company plans to expand its partnerships with global leaders in the field of instrumentation engineering, such as Radwag, Sciex, Ametek, Kruss and Wipotec, and present them with new technology opportunities, through the facility. Himatrix Group Founder and Managing Director Nadeer Ali said: "Innovative ventures such as our new facility at Dubai Industrial City will provide our Middle East customers with unparalleled service quality, setting new benchmarks in customer service not only for the pharmaceutical sector but also for other industries requiring advanced measurement technologies." On its new facility, Ali said: "For us, it represents not just a space for further innovation but more significantly, another step toward excellence." "This facility is a crucial part of our mission to deliver exceptional solutions for our clients and guide them through the latest trends and updates in the realm of mass measurement metrology, analytical science, and physical testing," he added.- TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
