TECOM Group PJSC posted a 22 per cent year-on-year rise in first-half web revenue to AED 737 million ($201 million), as income climbed 21 per cent to AED 1.4 billion on sturdy demand for industrial and industrial house and revenue from strategic asset acquisitions.
EBITDA grew 24 per cent to AED 1.1 billion, with the margin bettering to 80 per cent. Funds from operations elevated 17 per cent to AED 984 million. Occupancy in industrial and industrial properties reached 95 per cent, whereas land lease occupancy rose to 99 per cent.
TECOM studies sturdy H1 2025 progress
Malek Al Malek, Chairman of TECOM Group, stated: “The UAE and Dubai are persevering with their journey of sustainable improvement, reaching report progress and distinctive accomplishments throughout all financial sectors.”
He added: “Their success is positively mirrored in TECOM Group’s H1 2025 efficiency, demonstrating our basic strengths and agility in addressing rising demand from the industrial and industrial market, whereas specializing in operational effectivity to create long-term worth for our shareholders. The Board has accredited an interim money dividend of AED 400 million for H1 2025, aligned with our Dividend Coverage.”
Chief Govt Officer Abdulla Belhoul stated: “Our monetary and operational progress in H1 2025 displays the success of TECOM Group’s roadmap for long-term progress by our latest strategic investments and attracting new prospects. The Group’s strong efficiency is a step ahead in our journey to allow a sustainable future by our ecosystems, solidifying the UAE’s and Dubai’s enchantment as a world vacation spot for funding and the benefit of doing enterprise.”
For the second quarter, web 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 Internet City, an AED 80 million Pure Ice Cream plant at Dubai Industrial City, and an enlargement of LEED-certified buildings to 55.
The group additionally acquired Shari’a compliance certification and recorded 8 GWh of renewable power output from its photo voltaic initiatives.