Market: Dubai Symbol: TECOM ISIN: AEE01081T004 Industry: Real Estate & Construction

TECOM Group has been developing strategic, sector-focused business districts across the emirate of Dubai since 1999. TECOM Group is well-positioned to continue playing an integral role in cementing Dubai’s status as a global business and talent hub.

The TECOM Group portfolio consists of 10 business districts catering to 6 vital knowledge-based economic sectors, including design, education, manufacturing, media, science, and technology. The Group provides a varied and tailor-made leasing portfolio – which includes offices, co-working spaces, warehouses and land – to over 10,000 customers and more than 105,000 professionals.

TECOM Group offers additional value-added services to deliver a competitive and attractive environment for businesses and entrepreneurs to thrive in and to facilitate engagement between the districts’ community members. Government and corporate services are made available through an integrated smart services platform, “axs”, which enhances ease of doing business and provides community members with a seamless experience.

TECOM Group also provides industry specialised facilities, including media production studios, laboratories and higher education campuses. in5, its enabling platform for entrepreneurs and start-ups, offers innovation centres supporting tech, media, and design start-ups and SMEs. Its future-focused co-working spaces D/Quarters deliver stimulating work environments for tenants, and the “GoFreelance” package serves freelance talents.

Key figures (AED'000)
2022
2023
2024
Income Statement
Revenue
1,973,368
2,173,197
2,402,002
Operating profit
960,590
1,259,050
1,424,352
Profit for the year
725,618
1,078,275
1,228,451
Balance Sheet
Total assets
14,555,333
14,814,265
16,290,613
Total liabilities
8,586,949
8,485,258
9,582,919
Total equity
5,968,384
6,329,007
6,707,694
Cash Flows
Net cash generated from operating activities
1,503,702
1,630,785
1,821,894
Net cash used in investing activities
(1,042,636)
(476,800)
(1,724,370)
Net cash used in financing activities
(952,583)
(760,769)
(129,045)
Cash and cash equivalents, end of the year
276,666
669,882
638,361
Key Indicators (AED)
Basic and diluted earnings per share*
0.19
0.22
0.25
Note:
* 2023 and 2022: The denominator for the purposes of calculating both basic and diluted earnings per share has been adjusted to reflect the increase of shares through capitalisation of retained earnings during 2023.