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TECOM Group PJSC posted a 22 per cent year-on-year rise in first-half internet revenue to AED 737 million ($201 million), as income climbed 21 per cent to AED 1.4 billion on sturdy demand for business and industrial area and earnings from strategic asset acquisitions.
EBITDA grew 24 per cent to AED 1.1 billion, with the margin enhancing to 80 per cent. Funds from operations elevated 17 per cent to AED 984 million. Occupancy in business and industrial properties reached 95 per cent, whereas land lease occupancy rose to 99 per cent.
TECOM reviews sturdy H1 2025 progress
Malek Al Malek, Chairman of TECOM Group, mentioned: “The UAE and Dubai are persevering with their journey of sustainable growth, reaching file progress and distinctive accomplishments throughout all financial sectors.”
He added: “Their success is positively mirrored in TECOM Group’s H1 2025 efficiency, demonstrating our elementary strengths and agility in addressing rising demand from the business and industrial market, whereas specializing in operational effectivity to create long-term worth for our shareholders. The Board has permitted an interim money dividend of AED 400 million for H1 2025, aligned with our Dividend Coverage.”
Chief Government Officer Abdulla Belhoul mentioned: “Our monetary and operational progress in H1 2025 displays the success of TECOM Group’s roadmap for long-term progress by way of our current strategic investments and attracting new clients. The Group’s strong efficiency is a step ahead in our journey to allow a sustainable future by way of our ecosystems, solidifying the UAE’s and Dubai’s attraction as a worldwide vacation spot for funding and the convenience of doing enterprise.”
For the second quarter, internet revenue elevated 21 per cent to AED 377 million as income rose 22 per cent to AED 709 million.
Key developments through the first half included PayPal opening its first regional headquarters at Dubai Web Metropolis, an AED 80 million Pure Ice Cream plant at Dubai Industrial Metropolis, and an growth of LEED-certified buildings to 55.
The group additionally obtained Shari’a compliance certification and recorded 8 GWh of renewable power output from its photo voltaic initiatives.
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