Tecom Group PJSC You have reported an increase in the turnover of 21% on an annual basis, with an AED 680 million for the first quarter of 2025. Net profit rose by 23% to AED 361 million, which reflects strong operational performance and strategic investments in his diversified activa porterfeuille.
The EBITDA of the company grew by 23% on an annual basis to AED 540 million, with the EBITDA margin improved to 79%. These figures underline the dedication of the group to improve Dubai’s knowledge economy by attracting global companies and talent in six strategic sectors.
Abdulla Belhoul, Chief Executive Officer of Tecom Group, attributed the Starg to the exceptional performance of the Diveers group until 2025. I have emphasized the crucial role that Tecom plays in defending Dubai’s and the knowledge economy of the VAE.
The strategic investments of the group in 2024, with a total of 2.7 billion AED, have signed its portfolio. Remarkable developments include the acquisition of Office Park in Dubai Internet City for AED 720 million and the launch of Innovation Hub Phase 3 in Dubai Internet City, an AED 340 million development. These investments correspond to Tecom’s route map for sustainable growth through targeted acquisitions and the development of high -quality commercial real estate.
Operational, Tecom Group You have High Ochccancy and retention in its portfolio. From the end of 2024, the commercial and industrial occupancy rate was 94%, with a retet rate of 92%. The number of customers is increasing by 8% on an annual basis and reaches more than 11,900.
The real value of the group’s investment portfolio rose on a comparable basis by 11% and with 22% even from new acquisitions, to 28 billion in 2024. This growth reflects the improved fundamentalals of the Dubai real estate market and an increased occupancy rate and reception in Tecom’s portfolio.
The dedication of Tecom Group for Sustainability is clear in its environmental, social and government initiatives. In 2024, 49% of the commercial portfolio of the group of suffering was certified, with the solar generation increased by 15.5% to 14.2 GWH. In addition, 36.3% of all waste was sent to waste-to-energy factories. The group Incubator of the group supported 410 startups, with 30% owned by women.
The Board of Directors proposed a dividend payment of AED 400 million for the second hay of 2024, subject to approval of the shareholders during the upcoming annual general meeting planned for 10 March 2025. The interim -condant dividend for the second half of 2025 is expected by 10%.
