His Excellency Saeed Mohammed Al Tayer, Vice Chairman of the Board and Chief Executive Officer of DEWA, stated, “At DEWA, we are dedicated to being an innovative and sustainable organization, inspired by the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, alongside the directives of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of the Dubai Executive Council.
We are also supported by His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance. With their guidance, we continue our journey towards achieving carbon neutrality by 2050 and maintaining our pivotal role in Dubai’s remarkable development.”
Outstanding Results
Al Tayer added: “We take pride in delivering the strongest quarterly and half-year financial results in our history, underscoring the growing demand and our steadfast commitment to operational excellence. Revenues for the first half amounted to 14.6 billion AED.
EBITDA was 7 billion AED while net profits reached 2.9 billion AED, rising by 6.9%, 5.3%, and 13.2% respectively. Cash flows from operations surged to 9.2 billion AED, marking a year-on-year increase of 61.3%.
The Board of Directors approved a distribution of dividends totaling 3.1 billion AED for the first half, scheduled for payment in October 2025. To date, we have invested over 230 billion AED in state-of-the-art infrastructure. Our results demonstrate the resilience of our business model and our ability to deliver strong returns while promoting sustainable development in Dubai.
Looking ahead, we anticipate continued value addition for our stakeholders, supported by Dubai’s economic growth, our robust business model, and our sector-leading operational results, which rank among the best globally.”
Record Performance
DEWA achieved a historic financial and operational performance during the first half of the year, with revenues increasing by 6.9% year-over-year to 14.6 billion AED. This growth was driven by the ongoing demand for electricity and water, as well as the steady expansion of district cooling services through Empower.
EBITDA rose by 5.3% to 7 billion AED, bolstered by improved operational efficiency and effective cost management which reflects the strong profitability of the group.
Total capital expenditure reached 4.6 billion AED, encompassing investments in production capacity, transmission networks, and district cooling infrastructure. The authority expects a stronger contribution to revenues and profits in the second half of the year, consistent with the seasonal trends of its business.
The group remains focused on achieving long-term growth through strategic investments in clean energy, digital infrastructure, and water desalination, aligning with Dubai’s vision for a green economy.