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TECOM Group AED

At a glance: strengths & risks
✓Revenue growing (+19%)✓Profit growing (+70%)✓Margins improving (73%→76%)✓Cheaper than own history (P/E 7.7 vs avg 11.2)

Sector: Business parks

AE_TECOM

Price chart

3.36 AEDDay 1.20%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
3.36 AED · 1.20%
Market cap
16.6 bn AED

Growth

Δ revenue y/y
10.8%
Δ EBITDA y/y
24.3%

Multiples

P/E (LTM)
7.7x
3y avg: 11.2x
P/B (FY)
2.1x
P/E (ann.)
10.3x
EV/EBITDA (LTM)
9.8x
EV/EBITDA (ann.)
9.1x

Cash return

Dividend yield
5.2%
FCF yield (LTM)
-2.2%

Value creation

fundamental value/yr, % of market cap
Value created / year
+15.3%
↓ details

Liquidity

Daily turnover (listing)
0.3 mln AED

Shares: connector/market_inputs

Amounts: USD (converted) · As reported
Converted modes use NBK / ECB-linked rates: balance sheet date for BS items, period average for P&L and cash flow (see filing row evidence). As reported keeps each row in its filing currency.

Financial results

Monetary columns are in M AED, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueM AEDOperating profitM AEDD&AM AEDEBITDAM AEDNet profitM AEDOperating CFM AEDCapex + M&AM AEDAssetsM AEDEquityM AEDROE (annualized)Net debtM AEDSource
2026-06-30Q2 2026 (3M)OK785.7
y/y 10.8%
—
y/y —
132.9
y/y 9.1%
—
y/y —
401.2
y/y 6.6%
641.1497.917974.4
y/y 9.9%
8256.9
y/y 18.2%
19.9%≈ 5422.0Link
2026-03-31Q1 2026 (3M)OK754.6
y/y 11.0%
464.5
y/y 11.3%
139.5
y/y 19.6%
604.0
y/y 13.1%
403.4
y/y 11.8%
510.6-734.417562.1
y/y 8.5%
7853.9
y/y 18.6%
20.5%5422.0Link
2025-12-31Q4 2025 (3M)OK744.6
y/y 15.7%
414.3
y/y 62.0%
123.1
y/y 9.0%
537.4
y/y 45.7%
975.4
y/y 241.3%
514.1-267.517163.5
y/y 5.4%
7882.8
y/y 17.5%
28.2%4705.3Link
2025-09-30Q3 2025 (3M)OK724.2
y/y 18.5%
420.1
y/y 7.8%
123.2
y/y 13.2%
543.4
y/y 9.0%
373.2
y/y 9.9%
527.3-571.816324.1
y/y 5.2%
6938.3
y/y 8.6%
7.1%—Link
2025-06-30Q2 2025 (3M)OK709.4
y/y 21.5%
441.0
y/y 27.3%
121.8
y/y 18.2%
562.8
y/y 25.2%
376.6
y/y 21.3%
468.5-133.916351.8
y/y 7.1%
6983.1
y/y 6.9%
22.1%—Link
2025-03-31Q1 2025 (3M)OK679.7
y/y 20.5%
417.3
y/y 26.4%
116.7
y/y 11.7%
534.1
y/y 22.9%
360.9
y/y 23.4%
537.2-177.016186.0
y/y 6.6%
6623.1
y/y 6.1%
21.7%—Link
2024-12-31Q4 2024 (3M)OK643.3
y/y 10.8%
255.8
y/y -11.9%
112.9
y/y 11.0%
368.7
y/y -5.9%
285.8
y/y -8.0%
496.4-950.916290.6
y/y 10.0%
6707.7
y/y 6.0%
18.8%—Link
2024-09-30Q3 2024 (3M)OK610.9
y/y 12.3%
389.7
y/y 24.7%
108.9
y/y 11.9%
498.6
y/y 21.7%
339.6
y/y 20.0%
422.3-619.015511.5
y/y 5.8%
6391.6
y/y 4.1%
7.0%—Link
2024-06-30Q2 2024 (3M)OK583.7
y/y 9.1%
346.5
y/y 5.7%
103.0
y/y 5.1%
449.5
y/y 5.6%
310.5
y/y 35.4%
477.9—15265.0
y/y 4.8%
6534.6
y/y 4.5%
19.4%—Link
2024-03-31Q1 2024 (3M)OK564.0
y/y 9.8%
330.1
y/y 9.6%
104.5
y/y 7.1%
434.6
y/y 9.0%
292.5
y/y 14.7%
425.3—15187.1
y/y 3.9%
6244.8
y/y 4.4%
18.6%—Link
2023-12-31Q4 2023 (3M)OK580.4
y/y —
290.2
y/y —
101.7
y/y —
391.9
y/y —
310.7
y/y —
408.5-11.814814.3
y/y —
6329.0
y/y —
17.3%—Link
2023-09-30Q3 2023 (3M)OK543.9
y/y —
312.4
y/y —
97.3
y/y —
409.7
y/y —
283.0
y/y —
516.2-246.914666.3
y/y —
6140.8
y/y —
6.1%—Link
2023-06-30Q2 2023 (3M)OK535.1
y/y —
327.8
y/y —
98.0
y/y —
425.8
y/y —
229.4
y/y —
353.8-138.914565.3
y/y —
6255.8
y/y —
15.0%—Link
2023-03-31Q1 2023 (3M)OK513.8
y/y —
301.3
y/y —
97.5
y/y —
398.8
y/y —
255.1
y/y —
352.3-79.214615.6
y/y —
5980.5
y/y —
——Link

Revenue & EBITDA

RevenueEBITDA

Quarterly values (AED mln)

02004006008002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Year-over-year change

-20%0%20%40%2024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Cash flow

FCF (AED mln)

-600-400-20002004002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Net debt / cash (AED mln)

02 0004 0006 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Profit and cash

Profit is cash-backed
In a typical year of 2022–2025 operating cash flow came to 1.50x of reported net profit.
year2022202320242025
cash flow / profit2.07x1.51x1.48x0.98x
accruals, % of assets-5.3%-3.7%-3.6%0.2%
Last twelve months (to 2026-06-30): 1.02x of profit came back as operating cash flow.
net debt / EBITDA 2.2x
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Fundamental value creation

Value the company creates per year, as a % of market cap

Value created per year: +15.5%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-03-31 vs 2025-03-31)
= (604 − 534) × 3.72
260
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (16 600 + 5 422) ÷ 2 248
9.8x
3. Target multiple
(Current EV/EBITDA + 10) ÷ 2
= (9.8 + 10) ÷ 2
9.9x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= —
0
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (260 × 9.9 + 0) ÷ 16 600
+15.5%

Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.

Caveats:

  • capex unavailable — FCF approximated by FY OCF
  • net debt unavailable - balance cash flow incomplete
  • dividends/buybacks not in data - balance cash flow uses net-debt change only

Revenue growth & acceleration

Growth accelerating ▲
Last-year revenue growth +19% vs +11% the year before — a +8.5 pp move. 3-year CAGR +13%.
revenue growth by year: 2023 +10% · 2024 +11% · 2025 +19%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-08-070.088 AEDEx-dividend: 0.088 AED per sharePaidYahoo Finance (ex-div)
2026-03-180.088 AEDEx-dividend: 0.088 AED per sharePaidYahoo Finance (ex-div)
2025-08-080.08 AEDEx-dividend: 0.08 AED per sharePaidYahoo Finance (ex-div)
2025-03-190.08 AEDEx-dividend: 0.08 AED per sharePaidYahoo Finance (ex-div)
2024-08-090.08 AEDEx-dividend: 0.08 AED per sharePaidYahoo Finance (ex-div)
2024-03-130.08 AEDEx-dividend: 0.08 AED per sharePaidYahoo Finance (ex-div)
2023-08-100.08 AEDEx-dividend: 0.08 AED per sharePaidYahoo Finance (ex-div)
2023-03-230.04 AEDEx-dividend: 0.04 AED per sharePaidYahoo Finance (ex-div)
2022-11-230.04 AEDEx-dividend: 0.04 AED per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Investor reporting (IR): https://www.dfm.ae/issuers/listed-securities/securities/company-profile-page?securitysymbol=TECOM

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of TECOM Group — from primary filings.

Frequently asked questions

What is TECOM Group's P/E ratio?
TECOM Group trades at a P/E of 7.7x (price to trailing 12-month earnings).
What is TECOM Group's EV/EBITDA?
TECOM Group trades at 9.8x EV/EBITDA.
What is TECOM Group's P/B ratio?
TECOM Group trades at a P/B of 2.1x.
What is TECOM Group's dividend yield?
TECOM Group's trailing 12-month dividend yield is 5.2%.
What is TECOM Group's return on equity (ROE)?
TECOM Group's ROE is 19.9%.
What is TECOM Group's market capitalization?
TECOM Group's market cap is 16.6 bn AED.

See also: UAE Stocks (2026): Tax-Free Dividends in Dubai and Abu Dhabi · The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map