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TECOM Group Experiences 21% Revenue Increase in Q1 2025, Boasting AED361 Million in Profits

TECOM Group experienced a robust commencement to the year 2025, as first-quarter revenues escalated by 21% compared to the previous year, reaching AED680 million. Net profit also soared by 23% to AED361 million, owing to excellent operational results within its diverse business portfolios.

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TECOM Group enjoyed a strong opening to the year 2025, as first-quarter earnings soared 21%...
TECOM Group enjoyed a strong opening to the year 2025, as first-quarter earnings soared 21% compared to the previous year, reaching AED680 million. Consequently, net profits surged by 23% to hit AED361 million. This impressive growth can be attributed to excellent operational efficiency throughout the group's diverse portfolio.

TECOM Group Experiences 21% Revenue Increase in Q1 2025, Boasting AED361 Million in Profits

Fired Up Start to 2025 for TECOM Group

TECOM Group is blazing a trail in 2025, boasting a whopping 21% year-on-year revenue surge in Q1, reaching an impressive AED680 million, accompanied by a 23% net profit rise to AED361 million. This impressive performance can be attributed to top-notch operational performance across its commercial, industrial, and land leasing segments, causing a six percent increase in its customer base, now over 12,000 strong.

CEO Abdulla Belhoul gleefully credits TECOM's diverse asset base for the meteoric success and its alignment with Dubai's push to grow its knowledge-based economy.

The first quarter was a busy one, with plenty happening across TECOM's districts. Epson kicked off a swanky Innovation Centre at Dubai Production City, while Fabtech Engineering at Dubai Industrial City inked a strategic agreement with Groupe M to drive innovation in nuclear and sustainable energy.

Dubai Internet City, a TECOM crown jewel, accounted for a staggering 65% of the emirate's tech sector GDP, according to a study conducted with Accenture. Meanwhile, Dubai Science Park welcomed biopharma leader MSD and played host to the region's first Longevity Science Semester Symposium.

Dubai Design District reinforced its global fashion status by unveiling the Autumn/Winter 2025-26 edition of Dubai Fashion Week. The third edition of The Good Store initiative brought together a staggering 137,000 professionals for charitable giving during Ramadan and Eid.

Belhoul notes that TECOM's performance not only underscores its role in molding Dubai's future economy but also ensures long-term shareholder value.

News Source: Emirates News Agency

For a better grasp of TECOM Group's current growth strategy, let's take a closer look at key initiatives and investments:

Financial Performance and Investments

  • TECOM Group has drawn significant investment to Dubai Industrial City, accounting for over AED 1.7 billion in investments over the past year, highlighting its crucial role in supporting the UAE's industrial strategy.
  • TECOM's total investments for 2024 surpassed AED 2 billion, demonstrating a strong commitment to expansion and sustainable growth, including strategic acquisitions and developments such as the Innovation Hub Phase 3 in Dubai Internet City, valued at AED 340 million.

District Developments

  • TECOM Group has expanded its portfolio through the launch of Grade-A offices in Dubai Internet City's Innovation Hub Phase 3, boosting its commercial leasing gross leasable area (GLA) to over 10 million square feet and further establishing it as a hub for digital and technological innovation.
  • TECOM Group continues to foster innovation through its start-up incubator, in5, supporting over 1,000 start-ups and raising more than AED 7.8 billion.

Strategic Focus

  • TECOM Group is dedicated to creating sector-focused business districts that lure global companies and talent, such as Dubai Media City, Dubai Science Park, and others. These districts promote innovation and align with the UAE's and Dubai's broader economic strategies.

In a nutshell, TECOM Group's growth strategy revolves around expanding specialized business districts, investing in innovation, and supporting the UAE's and Dubai's economic ambitions through strategic expansions and start-up incubation.

  1. The impressive financial performance of TECOM Group in 2025, with a 21% revenue surge and a 23% net profit rise, aligns with Dubai's push towards a knowledge-based economy.
  2. TECOM Group's investments in 2024 surpassed AED 2 billion, demonstrating a strong commitment to expansion and sustainable growth, including significant investments to Dubai Industrial City and the development of the Innovation Hub Phase 3 in Dubai Internet City.
  3. TECOM Group's expansion includes the launch of Grade-A offices in Dubai Internet City's Innovation Hub Phase 3, boosting its commercial leasing gross leasable area to over 10 million square feet and establishing it as a hub for digital and technological innovation.
  4. TECOM Group's growth strategy also involves fostering innovation through its start-up incubator, in5, supporting over 1,000 start-ups and raising more than AED 7.8 billion, contributing to Dubai's future economy and lifestyle.

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