TECOM Group reports strong performance in first quarter

• Records a 6% increase in its customer base, now exceeding 12,000 clients, and attracts global companies and top-tier talent.

Dubai-based TECOM Group has demonstrated remarkable financial and operational performance in the first quarter of 2025, reporting a 21 per cent year-on-year (YoY) increase in revenues to AED680 million. Simultaneously, the company’s net profit rose by 23 per cent YoY, reaching AED361 million during this period.

The robust growth reflects TECOM Group’s effective management of its diverse business portfolio and its unwavering commitment to fostering Dubai’s knowledge economy.

A deeper look into the company’s financial health reveals that earnings before interest, taxes, depreciation, and amortisation (EBITDA) also experienced a significant boost, increasing by 23 per cent YoY to AED540 million.

The EBITDA margin expanded to an impressive 79 per cent, highlighting not only increased revenues but also enhanced operational efficiencies across all business sectors. These results signal a strong start for TECOM Group in 2025, evidencing the success of its strategic initiatives aimed at sustainable growth.

A leading curator

Abdulla Belhoul, Chief Executive Officer of TECOM Group, said that the company’s steadfast performance is a testament to the strength of its diverse asset portfolio and its critical role in attracting global companies and top-tier talent.

“TECOM’s contribution to Dubai and the UAE’s knowledge economy remains pivotal, with its ecosystems fostering growth across six key strategic sectors. This performance serves to reinforce TECOM’s position as a leading curator of Dubai’s most dynamic business districts, which are designed to nurture innovation, entrepreneurship, and economic diversification.”

From an operational perspective, TECOM Group’s first quarter also recorded a six per cent increase in its customer base, now exceeding 12,000 clients. The growth is underpinned by sustained demand for commercial and industrial assets, as well as land leasing, affirming the ongoing attractiveness of TECOM’s offerings to a broad spectrum of businesses.

Notable developments during the period further illustrate TECOM Group’s momentum and influence. In February, Epson launched its state-of-the-art Innovation Centre at Dubai Production City.

Strategic partnerships

The new facility aims to provide critical local insights to Epson’s global teams, fostering the development of next-generation technologies. Similarly, Dubai Internet City confirmed its substantial impact, contributing to 65 per cent of Dubai’s technology sector GDP, according to a recent study conducted with Accenture.

Dubai Industrial City also made headlines with strategic partnerships and significant investments. Fabtech Engineering’s collaboration with France’s Groupe M is set to accelerate innovation in the UAE’s nuclear and sustainable energy sectors.

Meanwhile, the area attracted over AED350 million in investments from food and beverage companies in 2024, underscoring its prominence as an industrial hub.

The influence of TECOM’s various districts extends beyond technology and industry. Dubai Science Park welcomed biopharmaceutical giant MSD and hosted the Middle East’s inaugural Longevity Science Semester Symposium, reflecting its commitment to life sciences and health innovation.

Meanwhile, Dubai Design District’s hosting of the Autumn/Winter 2025-26 Dubai Fashion Week edition reinforces Dubai’s emergence as a global fashion destination.