TECOM Group’s 9-month shows 11% revenue growth

TECOM Group has announced a 11 per cent revenue growth reaching AED 2.3 billion in the first nine months of 2026, with a net profit exceeding AED 1.2 billion, marking an 10 per cent year-on-year increase.

The group reported 10 per cent year-on-year revenue growth from commercial assets to AED 1.2 billion, supported by sustained demand for Grade-A offices and an increase in leasable area, with occupancy and customer retention remaining high at 95 per cent and 93 per cent, respectively.
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Meanwhile, revenue from Industrial assets grew 13 per cent AED 365 million, as occupancy reached 98 per cent and customer retention stood at 97 per cent, reflecting continued demand from leading manufacturing and logistics customers.

The Land Lease portfolio generated a 26 per cent YoY revenue surge to AED 563 million, driven by continued strong demand and contributions from expansion.

EBITDA rose 11 per cent to AED 1.8 billion, maintaining a high 79 per cent EBITDA margin and demonstrating the group’s ability to translate sustained revenue growth into strong operational profitability.
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Recurring net profit rose 10 per cent year-on-year to AED 1.2 billion, and Funds from Operations (FFO) increased 11 per cent AED1.6 billion, reflecting a strong cash conversion ratio and efficient collection processes.

" We will continue to strengthen our asset portfolio and implement our expansion and growth strategy across key sectors and future-focused industries, creating long-term, sustainable value for our shareholders," said Abdulla Belhoul, Chief Executive Officer of TECOM Group.

TECOM Group announces its financial results for the first nine months of 2026. The Group reported a 10% year-on-year (YoY) increase in recurring net profit to AED 1.2 billion for the nine-month period, with an 11% YoY rise in revenue to AED 2.3 billion, supported by sustained… pic.twitter.com/rNxxHN1wKo

— Dubai Media Office (@DXBMediaOffice) October 29, 2026