TECOM Group Reports 21% Revenue Growth and 23% Profit Increase in Q1 2025

TECOM Group, a leading company that develops and operates business areas in Dubai, has reported strong results for the first quarter of 2025. Their revenue increased by 21%, reaching AED 680 million, and their net profit grew by 23%, reaching AED 361 million. This growth was due to the success of their different business segments and their long-term strategy to promote sustainable growth.

The company has a broad range of assets that helped them succeed. This shows how TECOM Group is benefiting from Dubai's strong economy, which is making the city more attractive to businesses and investors worldwide. TECOM's CEO, Abdulla Belhoul, shared that their success is due to the diverse range of businesses they support, which are attracting global companies and talented people to Dubai.

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Q1 2025 Financial Highlights

• TECOM Group earned AED 680 million in revenue, a 21% increase from the same time last year.

• The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 23% to AED 540 million, which led to a 79% EBITDA margin.

• Net profit also rose by 23% to AED 361 million, showing that the company is growing efficiently and managing its finances well.

• Funds from operations (FFO), a key measure of financial health, grew by 16% to AED 480 million.

Key Operational Activities

Several important activities helped boost the company’s performance in Q1 2025:

• Epson Innovation Centre: In February, Epson opened a new Innovation Centre in Dubai Production City. This center will help Epson develop new technologies with insights from Dubai and the UAE.

• Dubai Internet City: This area was found to contribute 65% to Dubai's tech sector GDP. The results were shared during a study conducted with Accenture in February. Dubai Internet City also hosted the Step Dubai event as a key partner in February.

• Fabtech Engineering: In March, Fabtech, located in Dubai Industrial City, signed an agreement with the French company Groupe M to help develop innovations in nuclear and sustainable energy in the UAE. Also, in 2024, Dubai Industrial City attracted more than AED 350 million in investments from food and beverage companies.

• Dubai Science Park: Dubai Science Park welcomed the biopharmaceutical company MSD in January, which opened a new office to create health and well-being solutions. The park also hosted the first-ever Longevity Science Semester Symposium in February to discuss healthcare innovation.

• Dubai Design District (d3): In February, Dubai Design District hosted the Autumn/Winter 2025-26 edition of Dubai Fashion Week. This event helped strengthen Dubai's position as a global fashion hub.

• The Good Store: In March 2025, TECOM Group launched the third edition of The Good Store in partnership with the Dubai Charity Association. This platform helps people donate during Ramadan and Eid Al Fitr, bringing together over 137,000 professionals from TECOM’s various districts across Dubai.

These efforts show how TECOM Group is continuing to drive growth in Dubai’s business districts, bringing in global businesses, fostering innovation, and supporting charitable causes.