National Central Cooling Company “Tabreed” Reports Financial Results for 2025
The National Central Cooling Company, known as “Tabreed,” has announced its financial outcomes for the year ending December 31, 2025. The company recorded revenue of AED 2.46 billion and a net profit of AED 465 million. These results highlight the firm’s ongoing operational strength, significant expansion, and disciplined capital strategy execution.
Operational Capacity Growth
Total operational capacity surged by 19% year-on-year, reaching 1.57 million refrigeration tons as of December 31, 2025. This growth was fueled by robust organic development and strategic acquisition deals. The Board of Directors recommended a final dividend of 6.5 fils per share for the second half of 2025, bringing the total annual dividend to 13 fils per share. This corresponds to a 71% payout ratio of adjusted net profits for 2025, aligning with historical levels despite substantial investments made by Tabreed to secure long-term growth.
Capacity Development Details
The operational capacity witnessed a year-on-year growth of 4.4%, approaching the upper end of the company’s guidance range. Natural capacity additions totaled 58,200 refrigeration tons during 2025, marking the highest annual growth seen in five years, primarily supported by new connections in the UAE.
Throughout the year, Tabreed successfully established and operated three entirely new plants, bringing the total number of operational facilities to 99. The company maintained high levels of operational readiness and efficiency, reflecting its investment in innovative technologies and proactive asset management.
Revenue and Consumption Metrics
Group revenues increased by 1% year-on-year, reaching AED 2.46 billion. The consumption volume was recorded at 2.62 billion refrigeration tons per hour, showing a slight year-on-year decline of 1% due to relatively cooler weather conditions. This underscored the resilience of the company’s fixed capacity fees business model, notwithstanding climatic impacts on consumption revenue.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) also rose by 2% year-on-year, amounting to AED 1.27 billion with a profit margin of 51.6%, supported by operational discipline and enhanced efficiency.
Leadership Commentary
Dr. Bakhit Al-Mutairi, Chairman of Tabreed, remarked that 2025 was a transformative year for the company, characterized by significant strategic achievements that bolstered its operational platform for both the medium and long term. He noted that the acquisition of “Pall Cooling” and the Nakheel Jebel Ali franchise project have strengthened the company’s presence in its core markets and expanded its operational scope.