Tecom Group nine-month profit rises 10% to Dh1.22 billion

Tecom Group reported recurring net profit of Dh1.22 billion for the nine months ended 30 September 2026, an increase of 10 per cent from the same period in 2025. Revenue rose 11 per cent to Dh2.35 billion, according to results disclosed on 30 October. Portfolio occupancy across the company's 10 business districts stood at 97 per cent.

Third quarter revenue climbs 12% to Dh809 million#

Revenue for the third quarter reached Dh809 million, up 12 per cent from Dh724 million in the corresponding quarter of 2025. Land lease revenue contributed Dh202 million in the quarter, a rise of 35 per cent year-on-year. Recurring net profit for the three months to September was Dh417 million, compared with Dh373 million in the third quarter of 2025. Quarterly EBITDA increased 11 per cent to Dh627 million, with a margin of 78 per cent.

Land lease and industrial segments drive growth#

Land lease revenue for the nine-month period totalled Dh563 million, an increase of 26 per cent. Industrial assets generated Dh365 million in revenue, up 13 per cent, with occupancy at 98 per cent and customer retention at 97 per cent. Commercial assets produced Dh1.2 billion in revenue, a rise of 10 per cent, supported by demand for Grade-A office space and additional leasable area. Customer retention across the group improved to 95 per cent from 93 per cent in the prior-year period.

EBITDA and funds from operations both up 11%#

EBITDA for the nine months reached Dh1.85 billion, an 11 per cent increase, with the margin holding at 79 per cent. Funds from operations rose 11 per cent to Dh1.6 billion. Tecom Group stated that the FFO figure reflected cash conversion and collection efficiency. The company operates specialised business districts in Dubai and disclosed the results on 30 October 2026.