Dubai – Mubasher: Tecom Group reported net profits valued at AED 360.86 million in the first quarter (Q1) of 2025, an annual rise of 23% from AED 292.52 million.
Revenues increased by 21% year-on-year (YoY) to AED 679.73 million in the first three months (3M) of 2025 from AED 564.03 million, according to the financial results.
Basic and diluted earnings per share (EPS) attributable to the owners went up to AED 0.07 in Q1-25 from AED 0.06 in Q1-24.
Abdulla Belhoul, CEO of Tecom Group, said: “Our impressive Q1 2025 performance reinforces Tecom Group’s leading role in curating Dubai’s most dynamic and pro-growth business districts as well as our strategic roadmap for sustainable growth.”
He added: “Reflecting 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.”
As of 31 December 2024, the group’s net profits jumped by 14% YoY to AED 1.22 billion from AED 1.07 billion.
