TECOM Group reports Revenue of $185.13 Million in Q1-25

Underpinned by Dubai’s robust economic performance and global investment appeal, Dubai-based TECOM Group on Friday said that its net profit increased 23% to $98.28 million, and the revenue rose 21% y-o-y to $185.13 million in the first quarter of this year.

The EBITDA up 23% y-o-y to $147.02 million driven by revenue growth and operational efficiency, with EBITDA margin growing to 79% and the customer base expanded by 6% y-o-y to over 12,000 in Q1 2025, supported by strong demand for Commercial, Industrial, and Land Lease assets.

The Group’s exceptional performance highlights the strength of its diverse asset portfolio and the success of its long-term strategy to unlock sustainable growth by harnessing Dubai’s economic momentum, which is elevating the city’s appeal as a global business and investment hub.

TECOM Group CEO Abdulla Belhoul said that the company’s strong start to 2025 reflects the exceptional performance of our diverse asset portfolio and its pivotal role in championing Dubai’s and the UAE’s knowledge economy as they have attracted global companies and world-class talent across six strategic sectors.

Tecom Group’s impressive performance reinforced its leading role in curating Dubai’s most dynamic and pro-growth business districts as well as their strategic roadmap for sustainable growth, he said.

This reflected Dubai’s rising profile as the destination of choice for global investors and entrepreneurial talent, these results highlight how our ecosystems are powering growth in the city’s priority economic sectors to create long-term shareholder value,” he added.

Key Operational Activities

Tecom’s Epson inaugurated its state-of-the-art Innovation Centre at Dubai Production City in February. Demonstrating the company’s commitment to innovation and sustainability, the centre will provide local insights to Epson’s global teams for the development of next-generation technologies.

Dubai Internet City revealed its contribution towards 65% of Dubai’s tech sector GDP as part of the Dubai Internet City – Impact Assessment study conducted in partnership with Accenture and launched during Step Dubai, which the district hosted as a Strategic Partner in February.

In March, Fabtech Engineering, based at Dubai Industrial City, entered a strategic agreement with French industrial leader Groupe M to accelerate innovation within the UAE’s nuclear and sustainable energy sectors.

Dubai Industrial City attracted more than $95.29 million of investments from food and beverage (F&B) customers in 2024, the district announced during the landmark 30th edition of Gulfood, the world’s largest annual F&B sourcing event in February.

Dubai Science Park welcomed biopharmaceutical giant MSD in January, which strengthened its regional commitment with the launch of a new office focused on the co-creation of health and wellbeing solutions.

Dubai Science Park also hosted the Middle East’s first Longevity Science Semester Symposium in February to discuss and promote advancements in healthcare innovation.

Dubai Design District (d3) showcased the Autumn/Winter 2025-26 edition of Dubai Fashion Week in February, further solidifying Dubai’s position as a global fashion destination.