Business district developer TECOM Group posted its H1 2025 earnings report on Friday, showing robust double-digit growth across its profitability metrics, as per an official media release by the Government of Dubai Media Office.
TECOM Group is a leading developer of key business districts in Dubai, such as Dubai Internet City, Dubai Media City, Dubai Design District, Dubai Industrial City, Dubai Science Park, Dubai International Academic City, Dubai Knowledge Park, Dubai Studio City, Dubai Production City, and Dubai Outsource City.
The company went public in 2022 with shares making its debut on DFM (Dubai Financial Market), the city emirate’s main financial bourse. Dubai Holding Asset Management remains the largest shareholder of TECOM Group with a 86% stake, according to Dubai Financial Market’s official website.
“The UAE and Dubai are continuing their journey of sustainable development, achieving record growth and exceptional accomplishments across all economic sectors,” said TECOM Group Chairman Malek Al Malek.
The Board has approved an interim cash dividend of AED 400 million for H1 2025, aligned with our Dividend Policy,” he also said.
For the first half of 2025, TECOM Group reported revenues of AED 1.39 billion. The company’s profitability metrics showed double-digit growth, with EBITDA growing by 24% to AED 1.1 billion and net profits growing by 22% to AED 737 million, both on a y-o-y basis.
Source: Yahoo Finance