TECOM Group PJSC Income Statement

Financials in millions AED. Fiscal year is January - December.

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Rental Revenue	2,933	2,858	2,402	2,173	1,973	1,766
Total Revenue	2,933	2,858	2,402	2,173	1,973	1,766
Revenue Growth (YoY	16.49%	18.98%	10.53%	10.13%	11.77%	-0.06%
Property Expenses	986.36	963.4	849.54	760.38	767.85	731.31
Selling, General & Administrative	243.83	240.7	259.42	209.82	286.91	287.89
Other Operating Expenses	-37.82	-39.39	-29.05	-28.43	-22.31	-37.39
Total Operating Expenses	1,192	1,165	1,080	941.78	1,032	981.81
Operating Income	1,740	1,693	1,322	1,231	940.91	783.82
Interest Expense	-285.39	-289.39	-308.27	-333.33	-221.24	-208.17
Interest & Investment Income	92.26	98.92	181.55	184.12	16.9	6.55
Other Non-Operating Income	-31.47	-31.47	-30.96	-31.56	-30.64	-25.61
EBT Excluding Unusual Items	1,516	1,471	1,164	1,051	705.94	556.59
Asset Writedown	652.06	652.06	-	-	-	-
Other Unusual Items	51.19	51.48	102.26	27.63	19.68	12.25
Pretax Income	2,219	2,175	1,267	1,078	725.62	568.84
Income Tax Expense	90.42	88.71	38.22	-	-	-
Net Income	2,129	2,086	1,228	1,078	725.62	568.84
Net Income to Common	2,129	2,086	1,228	1,078	725.62	568.84
Net Income Growth	64.15%	69.81%	13.93%	48.60%	27.56%	-1.77%
Basic Shares Outstanding	5,000	5,000	5,000	5,000	3,781	3,781
Diluted Shares Outstanding	5,000	5,000	5,000	5,000	3,781	3,781
Shares Change (YoY)	-	-	-	32.25%	-	-
EPS (Basic)	0.43	0.42	0.25	0.22	0.19	0.15
EPS (Diluted)	0.43	0.42	0.25	0.22	0.19	0.15
EPS Growth	64.15%	69.81%	13.93%	12.37%	27.56%	-
Dividend Per Share	0.170	0.170	0.160	0.160	0.080	3013323.000
Dividend Growth	6.25%	6.25%	-	100.00%	-100.00%	-36.02%
Operating Margin	59.34%	59.25%	55.04%	56.66%	47.68%	44.39%
Profit Margin	72.58%	72.99%	51.14%	49.62%	36.77%	32.22%
EBITDA	2,248	2,178	1,751	1,626	1,327	1,159
EBITDA Margin	76.64%	76.20%	72.91%	74.82%	67.25%	65.65%
D&A For Ebitda	507.27	484.53	429.32	394.51	386.2	375.32
EBIT	1,740	1,693	1,322	1,231	940.91	783.82
EBIT Margin	59.34%	59.25%	55.04%	56.66%	47.68%	44.39%
Effective Tax Rate	4.08%	4.08%	3.02%	-	-	-

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.