Financial statements for the 1st QTR of 2026

DFMDisclosureApril 28, 2026View on exchange

AI Summary

TECOM Group PJSC reported a net profit of AED 403.4 million for the first quarter ended 31 March 2026, representing a 12% increase compared to AED 360.9 million in the same period of 2025.
Revenue for the quarter rose to AED 754.6 million from AED 679.7 million in the prior-year period, supported by growth across commercial, land, and industrial leasing segments.

Shareholders approved a dividend distribution of AED 440 million (AED 0.09 per share) at the Annual General Meeting held on 10 March 2026.

The Group acquired investment property from a related party for AED 475.5 million and completed the liquidation of its subsidiary, Tamdeen LLC, during the first quarter.

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Attachments

TECOM FS Q1 E 28 04 2026.Pdf