Emirates Cooling (Tabreed) has announced its financial results for the period ending September 30, 2025. The total connected capacity increased by 4.5% year-on-year, reaching 1.38 million Refrigeration Tons (RT) as of September 30, 2025. Notably, operational capacity grew significantly by 52,900 RT since the beginning of the year, which is more than double the total for 2024.
This growth was fueled by the addition of 29,100 RT from new connections in the UAE and 23,800 RT from other markets, thereby reinforcing Tabreed’s position as a leading regional service provider across various markets.
The group’s revenue reached AED 1.87 billion, reflecting a 1% increase year-on-year. Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by 5% year-on-year to AED 975 million, with the profit margin increasing to 52.2%. This uptick signifies benefits from economies of scale and ongoing operational discipline.
Net profits for the first nine months totaled AED 420 million, slightly down from AED 425 million during the same period last year. This decline is primarily attributed to higher financing costs linked to the issuance of green bonds at the end of Q1 2025, aimed at refinancing bank loans taken during the low-interest-rate environment of 2020.
Dr. Bakheet Al Katheeri, Chairman of Tabreed, remarked, “Tabreed holds a unique position that enables it to actively contribute to the UAE’s goals in energy efficiency and sustainability. Our results this year reflect the strength of our operational foundation and the discipline with which we execute our growth strategy. With the successful acquisition of Bilfinger and the Palm Jebel Ali project concession agreement, Tabreed is entering a new phase of growth and stability, enhancing the clarity of its future return vision.”
“Our leading position, built on long-term concession agreements and established operational excellence, ensures we continue to be a key player in the nation’s vision for a low-carbon economy characterized by resource efficiency,” he added.
According to Khaled Al Marzooqi, CEO of Tabreed, “The year 2025 has been pivotal in establishing the foundation for the next decade for Tabreed. Our focus has been on investing in capacity growth, technological development, and efficient execution to ensure that we continue our growth trajectory with resilience and sustainability.”
“We have added record operational capacities from natural operations, expanded our network with new plants, and advanced innovation through partnerships that enhance efficiency and flexibility. Furthermore, we remain committed to maintaining Tabreed’s reputation as a premier service provider that meets customer needs with reliability, backed by a robust balance sheet and ongoing enhancements to our operational processes.”