As the company continues to expand its operations and achieves ongoing financial success, Empower, the largest provider of district cooling services globally, has reaffirmed its commitment to regular dividend distributions to shareholders, occurring twice a year since its listing on the Dubai Financial Market in November 2022. The company has demonstrated its ability to generate increasing profits, with total dividends distributed to shareholders over the past three years amounting to 2.575 billion AED, showcasing its strong performance and dedication to enhancing shareholder value.
Ahmad Bin Shafar, the CEO of Empower, stated: “The rising profit results reflect the success of our business expansion and innovation strategy, confirming our commitment to meet all objectives shared with our stakeholders. Our business policy is founded on solid principles established by our wise leadership, ensuring operational efficiency for our clients through adherence to the highest service sustainability standards and a forward-looking vision in service delivery. The increase in profitable revenue closely correlates with the expansion of projects within our business portfolio and accelerated growth in operational efficiency.”
He added: “These record figures represent the tireless work we undertake to enhance the service infrastructure in Dubai, aligning with the growing demand for services in the area, which, in turn, underscores Empower’s position as an official and trusted partner in the emirate, as well as a key supporter of urban growth and sustainability initiatives.”
During 2023, Empower’s General Assembly approved the distribution of cash dividends to shareholders totaling 850 million AED, paid in two equal installments of 425 million AED in April and October. This dividend distribution aligns with the company’s commitment to provide bi-annual payouts during the first two fiscal years following its listing on the Dubai Financial Market.
In the second fiscal year of 2024, the company distributed a similar cash dividend of 850 million AED, also in two equal payments of 425 million AED in April and October, maintaining its commitment to deliver regular and sustainable dividends to shareholders.
By 2025, the company continued its strong operational growth, resulting in sustainable profits. Shareholders agreed to distribute dividends of 875 million AED during that year, divided into two equal payments of 437.5 million AED in April and October, reflecting Empower’s dedication to providing increasing annual dividends that correspond with its business performance.
Notably, Empower achieved a historic financial performance in 2025, recording record revenues of 3.419 billion AED for the fiscal year, marking a significant 4.9% increase compared to revenues in 2024, along with a net profit of 1.004 billion AED for the same year, representing a growth of 10.5% compared to 2024.