TECOM Group delivers strong H1 results with AED 737 million profit
The Group, which operates 10 specialised business districts across Dubai, also posted a 21 per cent rise in revenue, reaching AED 1.4 billion, driven by higher rental rates, strong occupancy and returns from strategic asset acquisitions.
Earnings before interest, tax, depreciation and amortisation (EBITDA|) climbed 24 per cent to AED 1.1 billion, with the Group's EBITDA margin improving to 80 per cent, reflecting continued operational efficiency.
Funds from operations also saw a 17 per cent boost, reaching AED 984 million, further highlighting strong portfolio performance and revenue quality.
In line with its dividend policy, TECOM's Board has approved an interim cash dividend of AED 400 million for the first half of the year.
The results reinforce TECOM Group's position as a key player in Dubai's business landscape, supporting vital sectors and strengthening the UAE's role as a global investment hub.
TECOM Group reports robust 22% growth in H1 2025 net profit to AED 737 million, driven by strategic expansion and strong performance across business segments. pic.twitter.com/9Ppt6XJWiF
— Dubai Media Office (@DXBMediaOffice) August 1, 2025
H1 2025 Operational Highlights
In April, PayPal opened its first regional headquarters in the Middle East and Africa at Dubai Internet City, the pioneering hub uniting global tech industry leaders and talent which today generates 65% of Dubai's technology sector GDP.
In May, Pure Ice Cream commenced construction on its AED 80 million production facility at Dubai Industrial City, cementing its vital contribution towards developing the UAE's industrial sector.
Dubai Media City supported the launch of Dubai Press Club's Arab Media Outlook – Future Vision report at Arab Media Summit in May.
Dubai Design District (d3) marked more than a decade of enabling design excellence at a special celebratory event, during which the district launched the d3 Awards, a prestigious award platform to celebrate industry talent in the region.
IMCD, a global leader in specialty chemicals and ingredients, expanded its Middle East presence with new offices and Technical Centres in Dubai Science Park in June.
In April, Dubai Knowledge Park and Dubai International Academic City showcased business opportunities at China International Education Exhibition Tour as part of a delegation led by Dubai's Knowledge and Human Development Authority (KHDA), in partnership with Dubai Department of Economy and Tourism (DET) and Dubai Chambers.
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Zawya
an hour ago
- Zawya
AsiaInfo Technologies Expects to Achieve Accelerated Growth from the Three Core Growth Engines in 2025H2, with Full Year Profit Exceeding Last Year[1]
In 2025H1, AI large model application and delivery business achieves explosive growth with revenue and order amount up 76 times and 78 times yoy respectively, demonstrating strong market demand Future p rospects in 2025 H2: The results for 2025H2 is expected to improve significantly compared to the 2025H1, and the Group is determined to achieve its full-year targets. The annual performance is expected to remain stable. In 2025H2, the three core growth engines are projected to achieve accelerated growth, while the revenue decline in the ICT support business is anticipated to narrow significantly. Profit for the year is expected to exceed that of the previous year (excluding the impact of one-off severance compensation due to personnel restructuring optimisation). The Group will adhere to a steady and progressive development strategy, continue to consolidate the foundation of its core telecommunications business to promote a steady recovery of its fundamental operations in ICT support business, and continue to focus on cultivating three core growth engines, including AI large model application and delivery, 5G private network and application, and digital intelligence-driven operation. The Group will also accelerate the pace of signing contracts, to maintain a stable and healthy annual performance. The Board has attached great importance to the shareholders' interests and returns, and after giving due consideration to the Group's business development, profitability, and cash flow level, the Board has recommended the guideline of the final dividend for the year 2025 is 40% of the annual net profit attributable to shareholders. Results h ighlights & business review: In 2025H1, the Group's overall revenue and profit declined due to the effects brought by the ongoing cost-reduction and efficiency-enhancement within the telecommunications sector. The Group managed to effectively control costs through its mature cost control mechanism and optimised personnel restructuring optimisation. - Revenue[2] amounted to approximately RMB2,598 million. - Gross profit was approximately RMB783 million, representing a year-on-year increase of 6.1%, with a gross profit margin of 30.1%, representing a year-on-year increase of 5.4 percentage points. Net operating cash outflow improved by 35.3% year-on-year. - Net loss was approximately RMB202 million compared to a loss of approximately RMB70 million in the same period of the previous year. Excluding the impact of one-off severance compensation due to personnel restructuring optimisation, net loss was approximately RMB48 million. AI large model application and delivery business achieved explosive growth, with revenue of approximately RMB 26 million, representing a year-on-year increase of 76 times; the order amount for 2025H1 was approximately RMB 70 million, representing a year-on-year increase of 78 times, demonstrating strong market demand. Through collaborations with Alibaba Cloud, Baidu Intelligent Cloud, NVIDIA, AsiaInfo Security and others, the Group has constructed end-to-end industrial large model solutions. Revenue from the 5G private network and application business was approximately RMB47 million; the order amount for 2025H1 was approximately RMB82 million, representing a year-on-year increase of 51.7%, which reflects growth potential in the market. Revenue from the ICT support business was approximately RMB2,118 million, representing a year-on-year decrease of 14.7%. Revenue from the digital intelligence-driven operation business was approximately RMB408 million, representing a year-on-year decrease of 8.8% which was mainly driven by cost reductions from operators, but with continued growth in the non-telecommunications industry. HONG KONG SAR - Media OutReach Newswire - 5 August 2025 - AsiaInfo Technologies Limited ("AsiaInfo Technologies" or the "Company", which together with its subsidiaries, is referred to as the "Group"; HKEX stock code: 01675), is pleased to announce its interim results for the six months ended 30 June 2025 (the "Period"). In the first half of 2025 ("2025H1"), the Group's current overall operating scale is under pressure due to the ongoing cost-reduction and efficiency-enhancement in the telecommunications sector. Revenue was approximately RMB2,598 million, representing a decrease of 13.2% year-on-year. However, amid the wave of new AI technologies, the Group's AI large model application and delivery business has achieved explosive growth, while the 5G private network and application business has continued to gain momentum, and it has kept optimising the business structure of digital intelligence-driven operation. Meanwhile, the Group has strengthened internal cost management to support sustainable development, and its business fundamentals will continue to be sound in the long term. To cope with challenges of the ICT support business transformation, the Group implemented a series of cost-reduction and efficiency-enhancing measures proactively, such as personnel restructuring optimisation, applying AI tools to enhance efficiency, strengthening centralised procurement, and the one-stop official consumption platforms, which have achieved significant results in cost control. In 2025H1, gross profit was approximately RMB783 million, representing a year-on-year increase of 6.1%, with a gross profit margin of 30.1%, representing a year-on-year increase of 5.4 percentage points. Net operating cash outflow improved by 35.3% year-on-year. Excluding the impact of one-off severance compensation due to personnel restructuring optimisation, net loss for the period was approximately RMB48 million, and the Group expected that net profit will continue to rebound in the second half of the year ("2025H2"), with full-year profit better than last year. The Board has attached great importance to the shareholders' interests and returns, and after giving due consideration to the Group's business development, profitability, and cash flow level, the Board has recommended the guideline of the final dividend for the year 2025 is 40% of the annual net profit attributable to shareholders. AI Large Model Application and Delivery Business Achieves Explosive Growth In 2025, the industrial application of AI large models witnessed explosive growth. In 2025H1, the Group secured orders worth approximately RMB70 million, representing a year-on-year increase of 78 times. In addition, the Company entered into a framework agreement that accounted for more than RMB40 million with a company. Revenue from the AI large model application and delivery business reached approximately RMB26 million, representing a year-on-year increase of 76 times. Through collaborations with Alibaba Cloud, Baidu Intelligent Cloud, NVIDIA, AsiaInfo Security and others, the Group has constructed end-to-end industrial large model solutions covering energy and power, industrial manufacturing, transportation, smart retail, and other large enterprises. The Group has become a partner in Alibaba Cloud's AI Large Model Galaxy Program, jointly developed nearly 100 projects and created numerous benchmark cases for large model delivery. With a robust pipeline of business opportunities, the Group is driving the industrialisation of large models. 5G Private Network and Application Business Continues to Gain Momentum The Group's 5G private network and application business provides an important emerging telecommunications network for energy industries such as the power and mining industries. By providing customised 5G private network products and advanced industry solutions, as well as offering professional one-stop services and turnkey projects, the Group created differentiation in its competitive advantage and became a leading company in the field of 5G private network. In 2025H1, the Group signed orders for the 5G private network and application business amounted to approximately RMB82 million, representing a year-on-year increase of 51.7%, while revenue amounted to approximately RMB47 million, representing a year-on-year decrease of 26.3%, which was mainly attributable to the delay in some nuclear power orders and the delay in revenue recognition. In 2025H2, the Group will expedite order conversion, which is expected to drive rapid performance growth. In terms of nuclear power, in 2025H1, on the basis of maintaining the continued market leadership of CNNC, the Group has successfully achieved a breakthrough in Huaneng Group and signed a contract for the 5G private network project for units 3 and 4 of the Changjiang Nuclear Power Plant in Hainan. Up to this point, the Group's nuclear power 5G private network projects have covered 29 units in seven national nuclear power bases, further consolidating its top one position in the market share of nuclear power 5G private network. In 2025H1, the country's investment in the new nuclear power sector exceeded RMB200 billion, and the Group's 5G private network in nuclear power business is expected to grow continuously. In the field of new energy, the Group continues to make efforts in wind power and photovoltaic markets, and has currently covered more than 210 new energy stations and achieved project breakthroughs for a number of energy group customers. In the field of mining, the Group established an associated company with Zhengzhou Coal Mining Machinery Group Company Limited to explore the new model of "digital and intelligent operation of mines and equipment manufacturing". In 2025H1, the Group acquired projects such as Zhengzhou Coal Smart Supervision Platform, China Coal AI Management and Control Platform, China Coal Pingshuo Open-pit Mining Smart Transportation and others. In addition, the Group's launch of intrinsically safe 5G private network base stations has obtained network access authorisation, and the Group has entered into cooperation with multiple 5G intrinsically safe certifiers, including CCTEG Changzhou Research Institute and China Coal. Meanwhile, the Group signed a framework procurement agreement with Hangzhou Jiaoyang Communications Technology Ltd. for intrinsically safe 5G private network base stations. Optimisation of Digital Intelligence-driven Operation Business Structure and Continued Growth in the Non-Telecommunications Industry Leveraging over 30 years of practical experience in business support and data governance in the telecommunications sector, along with an extensive network of industry experts, the Group has expanded its offerings to major industries with large end-user bases, such as finance, automobile and consumer sectors. It provides data operation services based on "data aggregation + scenario insights + AI empowerment", continuously creating and enhancing value for clients. This approach has further strengthened the Group's leading position in the results-based charging commerce models. In the non-telecommunications industry, the Group achieved an overall year-on-year order growth of 18.2% in 2025H1. Among them, orders in the finance sector increased significantly by 48.3% year-on-year, orders in the automobile sector increased by 5.3% year-on-year, and orders in the consumer sector increased by 4.4% year-on-year. In the telecommunications sector, the Group leveraged a "scenario + AI Agent" strategy to enhance operational efficiency of clients and drive business revenue growth. Firstly, through joint innovation with operators, the Group supported clients in implementing value-based operations at scale, securing projects such as an intelligent marketing service assistant agent for operators' household customers, an AI solution advisor for government and enterprise clients, and a frontline AI sales assistant. Secondly, the Group actively integrated the rights resources and technical capabilities of leading internet enterprises, and united with operator customers to develop operational innovations in areas such as households and business enterprise customers, and help customers to generate revenue by obtaining projects such as AI intelligent marketing, AI intelligent recommendation, and the introduction of rights to cooperative operations with a carrier. In 2025H1, revenue from digital intelligence-driven operation business reached approximately RMB408 million, representing a year-on-year decrease of 8.8%, primarily driven by increased cost control efforts by operators. However, the business structure continued to improve, with revenue from results-based and commission-based charging models accounting for 33.4%, up by 6.7 percentage points year-on-year. The Group will accelerate order conversion and revenue realisation in 2025H2 to ensure the achievement of full-year targets. ICT Support Business Proactively Responds to Industry Transformation and Accelerates Expansion in New Customers and Projects The Group has clearly positioned itself as a software service provider, acknowledging the structural adjustments occurring in the traditional operator industry while basing itself on its operator's base of business, stabilising the ICT support business in the telecommunications sector, and laying a solid foundation for the Group's overall business enhancement and transformation. In 2025H1, the Group's ICT support business maintained a leading market share, with revenue reaching approximately RMB2,118 million. However, due to factors such as reduced overall investment by operators, revenue declined by 14.7% year-on-year. To offset the downward pressure in the BSS business, the Group implemented a series of measures, including AI empowerment, expansion into new services for existing customers, expansion of new clients, and joint market development in the government and enterprise sector. Meanwhile, the Group continued to restructure its organisational model from an "olive-shaped" to a "pyramid-shaped" structure to reduce delivery costs. The Group also leveraged AI large models and other new tools to empower internal operations to achieve cost reductions and enhance operational efficiency in order to significantly narrow the decline in full-year revenue of the ICT support business. In 2025H1, the Group accelerated the application of AI in the BSS and OSS businesses, and 48 new projects were signed, including the R&D project of an operator's intelligent platform and the project of technological innovation platform, etc. The deployment of AI tool platform exceeded 10 provinces, and more than 10 metahuman projects have been implemented, including product sales and assisted acceptance. In addition, the Group has been steadily sourcing new customers and projects, the first phase of the HKT project has been successfully launched. In terms of joint market development in the government and enterprise sectors, the Group focused on data governance, trusted data space, public services, low altitude economy and other areas, and collaborated with operators to open up the market and break the ceiling of traditional business. Several projects have been successfully delivered, including data governance of an energy central enterprise, digital network of a province's energy bureau, a province's construction supervision and public service platform, a city's health service platform, a province's Forestry and Grassland Bureau's digital forestry platform, and a city's intelligent tourism service platform, among others. Strengthening the Technological Leadership of Products such as Cloud Network and Digital Intelligence In 2025H1, AsiaInfo Technologies continued to focus on the three major product systems of "Cloud Network", "Digital Intelligence" and "IT", comprehensively promoting the evolution and innovation of the product system towards AI Native, and continuously strengthening its technological leadership to provide strong support for the Group's three growth engines. In 2025H1, the Group's R&D investment amounted to approximately RMB415 million, with continued efforts to strengthen technological leadership in cloud and digital-intelligent products. Future Prospects Dr. TIAN Suning, Chairman and Executive Director of AsiaInfo Technologies, said, "We expect the results for 2025H2 to improve significantly compared to 2025H1, and we are determined to achieve our full-year targets by optimising the rhythm of signing contracts. In this regard, the Group will adhere to a steady and progressive development strategy. On one hand, we will continue to consolidate the foundation of our core telecommunications business to promote a steady recovery of our fundamental operations in ICT support business. On the other hand, we will continue to focus on cultivating three core growth engines, including AI large model application and delivery, 5G private network and application, and digital intelligence-driven operation. We will also accelerate our pace of signing contracts, to maintain a stable and healthy annual performance. Meanwhile, we will accelerate the commercialisation of AI large model application and delivery, 5G private network and application business orders, to achieve high performance growth for the year. Combining digital intelligence-driven operation business with AI and intelligent agent technology, we will continue to promote the innovative results-based charging commerce models, and optimise the business structure." [1] Excluding the impact of one-off severance compensation due to personnel restructuring optimisation. [2] Revenue includes revenue from the ICT support business, the AI large model application and delivery business, the 5G private network and application business and the digital intelligence-driven operation business. Hashtag: #AsiaInfo The issuer is solely responsible for the content of this announcement. AsiaInfo Technologies Limited
Sharjah 24
11 hours ago
- Sharjah 24
Sharjah Chamber reports 12% membership growth in H1 2025
The combined export and re-export values of registered member companies reached approximately AED11 billion in the first half of 2025, as reported by SCCI. The Chamber also issued 41,294 certificates of origin during the same period, marking a 6 percent increase compared to the previous year. This reflects SCCI's leading efforts to support the business and investment environment in the emirate of Sharjah. SCCI's certificates of origin for H1 2025 showed that Saudi Arabia topped the list of importers from Sharjah, with export and re-export values exceeding AED5.9 billion, reinforcing strong bilateral trade ties and Sharjah's position as a key supplier to Gulf markets. Oman ranked second with more than AED 1.6 billion, followed by Iraq with over AED 1.5 billion. Other prominent export destinations included Qatar, the United Kingdom, Egypt, Ethiopia, Kuwait, and India. In his remarks, Abdallah Sultan Al Owais, Chairman of SCCI, stated that the surge in memberships during the first half of 2025 is a testament to the growing investor confidence in Sharjah's business ecosystem. He emphasised that the emirate's favorable investment environment and its array of competitive advantages and incentives have positioned Sharjah as a major business hub and investment destination. For his part, Mohammed Ahmed Amin Al Awadi, Director-General of SCCI, noted that the Chamber's strong performance in H1 2025 reflects the effective rollout of its 2025–2027 strategic plan. The strategy focuses on Sharjah's economic empowerment, entrepreneurial development, private sector competitiveness, and the creation of a growth-oriented investment climate. During the first half of this year, the Sharjah Chamber remained committed to diversifying its initiatives and launching strategic economic and trade events, programs, and exhibitions aimed at advancing the emirate's ongoing economic development. The Chamber engaged in a series of business meetings with official, diplomatic, and trade delegations to foster strategic partnerships between Sharjah's private sector and global counterparts. It also facilitated targeted discussions with sectoral business groups and key entrepreneurs. As part of its efforts to expand international cooperation and open new market opportunities for Sharjah's business community, the Sharjah Chamber organized two successful trade missions to India and Mauritius the first half of 2025. These missions featured high-level meetings with government representatives, entrepreneurs, and investors to foster cross-border business engagement.
Hi Dubai
14 hours ago
- Hi Dubai
Dubai Welcomes the Second Largest Lemurian Seed Crystal in the World
is proud to announce the arrival of the Lemurian Seed Crystals — over 1.5 tonnes of pure, ancient energy which will be incorporated into the groundbreaking Eywa development. These extraordinary crystals will be positioned at the apex of the project's central architectural feature, the Tree of Life, a symbolic crystal pyramid that forms the heart of the design. This remarkable crystal is the second-largest Lemurian Seed Crystal in the world. Its presence is expected to infuse the space with a powerful energy capable of elevating overall experience of the project, supporting longevity, and promoting happiness for residents and visitors alike, blending architectural innovation with spiritual significance. Lemurian Seed Quartz is renowned not merely for its visual appeal but for its reputed ability to carry the wisdom and energy of an ancient civilization that lived in harmony with nature. The crystals are widely used to enhance intuition, raise energetic vibrations, and facilitate deep reconnection with one's inner self. They are instrumental in amplifying the energy of spaces, supporting emotional balance, mental clarity and fostering spiritual well-being. Alex Zagrebelny, Founder and CEO of shared: This crystal isn't just a stunning design element — it's a powerful tool for personal transformation. We believe that Lemurian Seed Crystals have the ability to materialize dreams and goals, providing clarity and insight to those who seek guidance. Positioned at the top of the crystal pyramid in Eywa, the Tree of Life, this extraordinary stone will serve as a beacon of positive energy for residents and visitors alike. Crystals like these help clear the mind, inspire positive thinking, and offer answers to pressing questions in both personal and professional life. Our goal is to create a space where people can connect deeply with their inner wisdom and unlock their fullest potential. Crystals play a central role in the Eywa project, emphasizing the importance of creating conscious, supportive environments that nurture well-being and spiritual growth. The development aims to transcend traditional architecture by fostering spaces that do more than shelter — they heal, realign, and inspire. remains committed to designing with intention, creating homes and environments that promote holistic wellness. The inclusion of the Lemurian Seed Crystal underscores the company's dedication to spiritual and emotional enrichment through innovative design. In celebration of this milestone, invites the public to participate in naming the centerpiece crystal. To enter, share your creative name suggestions for the crystal through Eywa's official social media channels. Feel free to submit multiple entries, and we encourage you to include a brief explanation or inspiration behind each name to help us understand your vision. One lucky winner will receive AED 10,000. Entries are open until August 5, and the winning name will be announced by Alex Zagrebelny on August 7 via Eywa's official Instagram channel. In line with the project's vision, is also organizing visits to the site's dedicated Crystal House, a space where the crystals and semi-precious stones are energetically cleansed and charged before being integrated into the structure. This environment is designed to amplify energy and facilitate personal and collective manifestation, offering a unique opportunity for individuals to connect with the power of these extraordinary stones. Source: Katch
