TECOM Group investors set for Dh440 million payout after profit rises 9%

Revenue tops Dh1.5 billion with occupancy at 97% and demand rising across key assets

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Nivetha Dayanand, Assistant Business Editor
TECOM Group investors set for Dh440 million payout after profit rises 9%
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Dubai: TECOM Group will distribute an interim cash dividend of Dh440 million after recurring net profit increased 9% to Dh805 million during the first half of 2026.

The dividend is expected to be paid in August and follows a 12% increase in funds from operations to Dh1.1 billion, supported by higher occupancy, improved rental rates and contributions from the group’s expanded property portfolio.

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Revenue rose 11% from a year earlier to more than Dh1.5 billion, while earnings before interest, tax, depreciation and amortisation increased 10% to above Dh1.2 billion. The EBITDA margin stood at 79%.

Occupancy reaches 97%

Occupancy across TECOM Group’s commercial and industrial portfolios reached 97% during the first half, supported by continued demand for offices, manufacturing space, logistics facilities and land leases.

Our performance underscores the success of the Group’s strategy in balancing growth with prudent financial management, thereby enhancing its ability to continue delivering sustainable value to its shareholders
Malek Al Malek, Chairman of TECOM Group

Commercial portfolio revenue increased 11% to Dh783 million, supported by demand for Grade-A offices. The portfolio recorded an occupancy rate of 96% and a customer retention rate of 94%.

Industrial asset revenue rose 15% to Dh239 million, with occupancy reaching 98% and customer retention standing at 99%. TECOM attributed the performance to demand from manufacturing and logistics customers.

Land lease revenue climbed 22% to Dh361 million, helped by demand and the leasing of land acquired during 2025.

Quarterly profit reaches Dh401 million

Second-quarter revenue increased 11% to Dh786 million, supported by rental rates, occupancy levels and portfolio expansion.

Quarterly EBITDA rose 8% to Dh613 million, with the margin reaching 78%. Recurring net profit increased 7% to Dh401 million.

We remain committed to investing in the development and enhancement of TECOM Group’s 10 business districts, further solidifying the Group’s role as a strategic business enabler of Dubai
Abdulla Belhoul, CEO of TECOM Group
Nivetha Dayanand
Nivetha DayanandAssistant Business Editor
Nivetha Dayanand is Assistant Business Editor at Gulf News, covering aviation, financial markets and commodities. A business and financial journalist with a strong interest in multimedia storytelling, she regularly takes complex financial and economic subjects beyond the written word, producing explainer videos that make them easier for a wider audience to understand. Nivetha has interviewed senior policymakers, business leaders and global financial figures both on and off camera. Her past guests include UAE Minister of Economy and Tourism Abdulla bin Touq Al Marri, Khaled bin Alwaleed Al Saud, a member of the House of Saud and the founder and CEO of KBW Ventures, Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund and Indian ministers Hardeep Singh Puri and N. Chandrababu Naidu. She has also hosted and moderated panels, conferences and awards shows, bringing her newsroom experience to live conversations on business, finance and the economy. An Erasmus Mundus journalism alum, Nivetha is drawn to stories that affect people directly and to reporting that gives a platform to voices that might otherwise go unheard. She was among the first journalists to speak to Petrofac employees in the UAE about unpaid salaries, broke the news of the planned demolition of Dubai’s well-known “Toyota Building”, and helped set the record straight on widely circulated claims that a giant replica of the Moon was coming to Dubai. More recently, her exclusive interview with EDGE Group CEO Hamad Al Marar revealed how the UAE-based defence group deployed its systems along the country’s shore border and established a geofence around the UAE within 48 hours of the February 28 escalation. Prior to joining Gulf News, Nivetha worked at ITP Media, where she helped launch Finance Middle East, a new publication covering the region’s financial sector. Her role spanned reporting and editing, video production, interviews and events. Across print, digital, and video, she focuses on finding the people behind business stories and explaining why those stories matter to the audience reading or watching them.

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