The Abu Dhabi National Energy Company (TAQA) has published its financial results for the year ending December 31, 2025, reporting revenues of AED 54.8 billion, which reflects a stability similar to the previous year, demonstrating resilience in its utility sector operations.
EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) amounted to AED 20.7 billion, underscoring the company’s ability to sustain profitability and generate cash flows even amid significant transitions during the year.
However, EBITDA saw a slight decrease from AED 21 billion in 2024, primarily attributed to one-off accounting constraints and non-cash expenses within the electricity generation and water desalination, oil, and gas segments.
Total net income rose by 5.6% year-on-year, reaching AED 7.5 billion.
The board has proposed a stable dividend of 1.5 fils per share for the fourth quarter of 2025 according to its dividend distribution policy, alongside a variable dividend of 0.7 fils per share for the year 2025. This brings the total annual distributed dividends to 4.45 fils per share, compared to 4.25 fils in 2024. The board also recommended an updated dividend distribution policy for the period 2026-2028, which will include fixed and variable dividends, with a consistent annual increase in fixed dividends aligning with previous practices.
Capital expenditures increased to AED 14.5 billion, marking a 48.4% rise as TAQA accelerated its investments in infrastructure projects across electricity, water, and transport networks, including the 1 GW Al Dhafra thermal power generation facility, among other initiatives. The year 2025 was characterized by TAQA’s focus on executing its projects, marked by substantial developments that strengthened the company’s integrated approach and expanded its global presence in the electricity, water, and transport sectors.
Strong Governance
Mohammed Hassan Suwaidi, Minister of Investment and Chairman of TAQA, stated that the accomplishments achieved in 2025 reflect a clear commitment to building essential infrastructure supportive of economic resilience and community welfare. By maintaining robust governance practices, adhering to a disciplined financial approach, and diversifying its asset base, TAQA continues to generate sustainable value for its shareholders and reinforce its role as a reliable long-term partner in Abu Dhabi and internationally. He emphasized that the focus moving forward will remain on enhancing energy and water security and strengthening networks to ensure a reliable supply for future generations.
Strategic Expansion
Jassim Hussein Thabet, Group CEO and Managing Director of TAQA, highlighted the significance of 2025 for disciplined execution and strategic expansion. The year witnessed substantial progress in project completions, solidifying TAQA’s standing as a leading integrated utility company that fuels growth across its electricity, water, and transport sectors both locally and globally. Efforts were directed towards priorities that prepare the company for the future, including an accelerated international water strategy, which involves the planned acquisition of GS Inema and the expansion of transport networks to enhance their resilience and increase electricity generation capacity in key markets. He noted that TAQA’s total electricity generation capacity has now exceeded 70 GW, up from 24 GW in 2020, with renewable energy constituting 63.8% of its portfolio, and over 40% of its water desalination capacity sourced from high-efficiency reverse osmosis plants. These collective advancements signify the company’s progress towards its 2030 targets, which aim for an increase in total electricity generation capacity to 150 GW, with two-thirds derived from renewable sources.