Latest news with #TECOMGroupPJSC
Hi Dubai
6 days ago
- Business
- Hi Dubai
TECOM Group Reports 22% Rise in H1 2025 Net Profit to AED 737 Million on Strong Demand and Strategic Expansion
TECOM Group PJSC has posted a 22% year-on-year increase in net profit for the first half of 2025, reaching AED 737 million, with revenue rising 21% to AED 1.4 billion. The results, announced today, reflect the company's continued expansion, high occupancy rates, and growing appeal as a hub for global business across Dubai's specialised districts. Driven by demand in key sectors and supported by last year's strategic acquisitions, TECOM Group recorded a 24% increase in EBITDA to AED 1.1 billion, maintaining a healthy 80% margin. Commercial and industrial occupancy rose to 95%, while land lease occupancy reached 99%, underpinned by the success of government strategies like Operation 300bn and the D33 agenda. Operational highlights included the regional headquarters opening of PayPal at Dubai Internet City, expansion of global firms such as IMCD, and the launch of key industry initiatives in media, design, and education. TECOM Group also advanced its sustainability agenda, increasing its LEED-certified buildings to 55 and generating 8 GWh in clean solar energy. An interim dividend of AED 400 million was approved for H1 2025. A new dividend policy for H2, including a proposed 10% increase, is subject to shareholder approval. With this performance, TECOM Group reinforces its position as a key player in Dubai's diversified economic growth and a preferred destination for global investment. News Source: Dubai Media Office
Mid East Info
02-08-2025
- Business
- Mid East Info
TECOM Group reports robust 22% growth in H1 2025 net profit to AED 737 million driven by strategic expansion and strong performance across business segments
First-half revenue grows 21% to AED 1.4 billion, underpinned by continued growth in rental rates, strong occupancy rates, and income from strategic assets acquired last year EBITDA increases 24% YoY to AED 1.1 billion with EBITDA margin increasing to 80%, reflecting operational optimisation and sustainable business growth Funds from operations (FFO) grow 17% to reach AED 984 million, led by improved revenue quality and effective management of the Group's portfolio TECOM Group's Board of Directors approves an interim cash dividend payment of AED 400 million for H1 2025 in line with Group's Dividend Policy Dubai, UAE,August 2025: TECOM Group PJSC (DFM: TECOM), (the 'Company' or the 'Group'), the leading developer and operator of specialised business districts across Dubai, announced its financial results for the second quarter (Q2) and first half (H1) of the year ending 30 June 2025. The Group reported robust net profit growth of 22% year-on-year (YoY) to AED 737 million during the first half of this year, with revenue rising 21% YoY to AED 1.4 billion during the period. The strong H1 performance reaffirms TECOM Group's role as a partner of choice for international and regional companies across the six vital sectors served by its 10 specialised business districts, consolidating the UAE's and Dubai's role as a globally leading hub for foreign direct investment. Malek Al Malek, Chairman of TECOM Group, said: 'The UAE and Dubai are continuing their journey of sustainable development, achieving record growth and exceptional accomplishments across all economic sectors. Their success is positively reflected in TECOM Group's H1 2025 performance, demonstrating our fundamental strengths and agility in addressing growing demand from the commercial and industrial market, while focusing on operational efficiency to create long-term value for our shareholders. The Board has approved an interim cash dividend of AED 400 million for H1 2025, aligned with our Dividend Policy.' 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.' Financial Highlights: AED Million (Unless otherwise stated) H1 YoY% 2025 2024 Revenue 1,389 1,148 21% EBITDA 1,108 896 24% EBITDA Margin 80% 78% 2% Net Profit 737 603 22% AED Million (Unless otherwise stated) Q2 YoY% 2025 2024 Revenue 709 584 22% EBITDA 568 457 24% EBITDA Margin 80% 78% 2% Net Profit 377 311 21% Operational Highlights As of 30 June 2025 30 June 2024 YoY% Commercial and Industrial Occupancy 95% 92% 3% Land Lease Occupancy 99% 96% 3% Number of Customers 12,200+ 11,600+ 5% H1 2025 Financial Highlights: Supported by sustained growth in occupancy levels and rental rates across the Group's portfolio within six vital economic sectors, as well as income generated from strategic asset acquisitions last year, revenue increased 21% YoY to AED 1.4 billion in H1 2025. TECOM Group noted a YoY 24% increase in EBITDA, which reached AED 1.1 billion, maintaining healthy EBITDA margins at 80% (+2% YoY) and reflecting sustainable business growth. Net profit reached AED 737 million, representing YoY growth of 22%, driven by revenue growth, operational optimisation, and efficient capital management. Reflecting effective management of the Group's portfolio, funds from operations (FFO) increased by 17% YoY to reach AED 984 million, supported by consistent collections and improved revenue quality. Underpinned by the appeal of TECOM Group's business districts to international customers, occupancy across the Commercial and Industrial portfolio reached 95% in H1 2025, representing YoY growth of 3%. Occupancy in the Group's Land Lease portfolio reached 99%, marking YoY growth of 3% 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'. Dubai Industrial City, part of TECOM Group, is currently reporting strong occupancy rates, cementing its position as the region's leading manufacturing and logistics hub. The Board of Directors approved an interim dividend payment of AED 400 million for H1 2025, in line with the approved Dividend Policy valid until September 2025. A new Dividend Policy will be applied for H2 2025 as previously announced, which includes an expected 10% increase in dividends subject to shareholders' approval at the upcoming Annual General Assembly Meeting. Q2 Financial Highlights: Healthy cash flow growth driven by operational efficiencies as well as high occupancy and retention rates across the Commercial, Industrial, and Land Lease portfolio contributed to revenue of AED 709 million, representing 22% YoY growth. Strong revenue contributions across all business segments resulted in a 24% YoY increase in EBITDA to AED 568 million, while EBITDA margin grew to 80%, an increase of 2% YoY. Net profit increased by 21% YoY to AED 377 million, driven by EBITDA growth and prudent cost management in the second quarter of 2025. H1 2025 Operational Highlights: 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% of Dubai's technology sector GDP. In May, Pure Ice Cream commenced construction on its AED 80 million production facility at Dubai Industrial City, cementing its vital contribution towards developing the UAE's industrial sector. Dubai Media City supported the launch of Dubai Press Club's Arab Media Outlook – Future Vision report at Arab Media Summit in May. report at Arab Media Summit in May. Dubai Design District (d3) marked more than a decade of enabling design excellence at a special celebratory event, during which the district launched the d3 Awards, a prestigious award platform to celebrate industry talent in the region. IMCD, a global leader in specialty chemicals and ingredients, expanded its Middle East presence with new offices and Technical Centres in Dubai Science Park in June. In April, Dubai Knowledge Park and Dubai International Academic City showcased business opportunities at China International Education Exhibition Tour as part of a delegation led by Dubai's Knowledge and Human Development Authority (KHDA), in partnership with Dubai Department of Economy and Tourism (DET) and Dubai Chambers. Shari'a Compliance certification: In addition to being on the Shari'a Classification List on Dubai Financial Market, TECOM Group has been awarded Shariah compliance certification by the Shariyah Review Bureau (SRB) for the fiscal period ending 31 March 2025. The Group has appointed SRB as the Sharia Financial Evaluator and Documentation Reviewer to ensure compliance with Shari'a Standards issued by Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) on periodic basis and to assess ongoing compliance with these standards. Sharia Certification is subject to periodic renewal. This disclosure is for informational purposes only and does not constitute an investment recommendation. H1 2025 ESG Highlights: 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% 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. in5, TECOM Group's start-up incubator, issued 86 licenses across its four verticals dedicated to the technology, media, design, and science sectors in H1 2025. Aligned with the UAE's vision to strengthen gender balance in the private sector, 35.4% of the Group's workforce is comprised of women. In partnership with the Dubai Charity Association, TECOM Group launched the third edition of The Good Store, an innovative platform designed to facilitate seamless charitable contributions during Ramadan and Eid al-Fitr.
TECHx
31-07-2025
- Business
- TECHx
Dubai Unveils Tech-Driven Vision for Future Education
Home » Smart Sectors » Education » Dubai Unveils Tech-Driven Vision for Future Education Dubai is expanding its diversified education offerings at Dubai Knowledge Park and Dubai International Academic City to align with its Education 33 Strategy. The move supports the city's goal of becoming one of the world's top 10 cities for education by 2033. TECOM Group PJSC announced that globally renowned universities in the UAE will now offer future-focused courses in artificial intelligence (AI), robotics, wealth management, and game development. These programmes aim to develop a future-ready workforce by providing high-quality, accessible education. Marwan Abdulaziz Janahi, Senior Vice President of Dubai Knowledge Park and Dubai International Academic City, revealed that the academic hubs continue to unite top institutions with curriculums designed to equip students with tomorrow's essential skills. Universities are also offering a range of scholarships and grants to enable access to quality education: Amity University Dubai is offering up to 50% scholarships and a 30% bursary. MAHE Dubai is providing merit-based scholarships of up to 30% for undergraduate and postgraduate students, and sports scholarships of up to 50%. The University of Birmingham Dubai introduced new tech-focused programmes such as Robotics and AI, Urban Analytics and AI for Planners, and other master's courses. Scholarships of up to 50% are available for the September 2025 intake. The University of Wollongong in Dubai announced academic and sports scholarships of up to 50%. The school also secured RDI grants in AI and sustainability, with student tech projects already making industry impact. Murdoch University Dubai revealed a new Bachelor of Information Technology in Games Design and Development, offering scholarships of up to 40%. SAE University College Dubai introduced a Bachelor of Computer Science and grants up to AED 50,000. It is also celebrating 20 years of creative media education in Dubai. SP Jain School of Global Management announced a Master of Applied Finance and Wealth Management and a 'New Mothers' scholarship. Its Executive MBA ranks 23rd globally in QS International Trade Rankings 2025. Jan Horn, Managing Director of SAE University College Dubai, stated that Dubai is quickly becoming a top study destination with incentives like the Golden Visa for creative professionals. The academic cities are part of TECOM Group's wider portfolio, which includes Dubai Media City, Dubai Internet City, and Dubai Science Park. The initiative reflects Dubai's commitment to becoming a global hub for technology and innovation in education.
Hi Dubai
20-05-2025
- Business
- Hi Dubai
Dubai Industrial City Attracts AED1.7 Billion in Investments Across Key Sectors
Dubai Industrial City has secured over AED1.7 billion in investments across major economic sectors in the past year, reinforcing its role as a leading hub for manufacturing and foreign direct investment in the region. The announcement, made during the 'Make it in the Emirates' forum, highlights significant growth in sectors such as food and beverage, heavy equipment, energy solutions, automotive, and light industries. The industrial hub, part of TECOM Group PJSC, continues to support the UAE's national industrial strategy and economic diversification goals. Saud Abu Alshawareb, Executive Vice President – Industrial at TECOM Group, said the investments reflect the district's global appeal to manufacturers and its contribution to Dubai's growing status as an international FDI destination. 'We remain committed to advancing the goals of Operation 300bn, Make it in the Emirates, and the Dubai Economic Agenda 'D33',' he added. Over the past year, Dubai Industrial City has seen expansion across its six industrial zones, which cater to base metals, machinery, minerals, F&B, transport, and chemicals. The area's specialised infrastructure—ranging from industrial land to logistics facilities—continues to attract new players. Recent entrants include Elite Group Holding, which is investing AED100 million in a 1 million facility targeting the automotive and e-commerce sectors. Pure Ice Cream, known for producing Baskin-Robbins and Kwality brands, is developing an AED80 million facility, while OZON Pharmaceuticals plans to establish a AED293 million production hub. With more than 1,100 manufacturers and over 350 operational factories, Dubai Industrial City plays a key role in regional and global supply chains. Strategically located near Jebel Ali Port, Al Maktoum International Airport, Etihad Rail, and major highways, it offers manufacturers seamless access to international markets. News Source: Emirates News Agency
Hi Dubai
20-05-2025
- Business
- Hi Dubai
Dubai Industrial City Records Strong Growth and Attracts Major Investments in Early 2025
Dubai Industrial City is off to a strong start in 2025, recording robust growth indicators and attracting a wave of new investments across key sectors, according to Saud Abu Alshawareb, Executive Vice President – Industrial at TECOM Group PJSC. Alshawareb highlighted a more than 10% rise in the number of operating companies in 2024, bringing the total to over 1,100. The number of factories entering production also grew by over 16%, crossing 350 by year-end. These figures, he said, point to Dubai's rising stature as a preferred destination for industrial investment. One of the standout sectors has been food and beverage, with Dubai Industrial City drawing over AED350 million in investments in 2024 alone. Alshawareb said this underscores the city's role as a strategic hub meeting increasing local and regional demand. New investments are also targeting infrastructure upgrades, including power stations, expanded workers' accommodations, and new industrial plots. Alshawareb revealed that several key initiatives in these areas will be announced soon. He reaffirmed Dubai Industrial City's commitment to supporting the UAE's broader industrial strategy by offering an integrated, sustainable business environment that boosts the sector's GDP contribution. The momentum seen in early 2025, Alshawareb noted, sets the stage for an exceptional year ahead for the city's industrial growth and investment appeal. News Source: Emirates News Agency
