As per the preliminary and unaudited full-year results, Dubai Electricity and Water Authority (DEWA) stated that the record revenue, profit, and operating performance for 2025 were based on higher demand for electricity, water, and cooling services.
DEWA, the sole electricity and water services provider in Dubai that trades under the Dubai Financial Market with its symbol being DEWA, reported that consolidated income increased year-on-year by 6.02 percent to Dhs32.84 billion.
The net profit after tax showed an increase of 25.66 percent to Dhs9.09 billion, operating profit was Dhs10.99 billion, and the EBITDA was Dhs17.37 billion.
The utility giant claimed that its strategy still provided sustainable growth, underpinned by increasing demand and investment in renewable energy, desalination, and network infrastructure.
Saeed Mohammed Al Tayer, MD and CEO of DEWA, said, For the year 2025, DEWA delivered the strongest financial and operational performance in its history, reflecting the resilience of our business model, disciplined execution of our strategy, and sustained growth in demand across Dubai.”
However, DEWA produced 62.21 terawatt hours of electricity, compared to 5.10 per cent higher than the year before in 2025. Clean power production increased by 52.38 percent to 10.10 terawatt hours, which contributed to 16.23 percent of the total production. Annual peak power demand rose 5.83 percent to 11.39 gigawatts.
The demand for desalinated water increased by 6.62 percent year-on-year to an all-time high of 161.505 billion imperial gallons, compared to 487 million imperial gallons from 455 million previously.
Therefore, the DEWA closed the year with 1,327,182 customer accounts, which increased by 56,897 customer accounts, a growth of 4.48 percent. Power generation was 14.24 terawatt hours in Q4, and clean power generation increased by 38.35 per cent compared to the previous year to 2.18 terawatt hours.
Quarterly demand in desalinated water increased 5.14 percent to 40.55 billion imperial gallons, with 17,823 new customer accounts being added. DEWA spent Dhs11.72bn in the year, mainly in increasing the capacity of the renewable energy, desalination plants, and transmission and distribution systems.
By the end of the year, installed generation capacity increased 4.66 percent to 17,979 megawatts, comprising 3,860 megawatts of clean generation. DEWA aims to surpass 23 gigawatts of installed electric power and 735 m imperial gallons per day of desalinated water capacity by 2030.
The intended production of approximately 8.3 gigawatts of power, or 36.1 percent of the power, will be renewable, and 308 m imperial gallons of water production will utilize seawater reverse osmosis that will run on renewable energy.
In addition to its dividend policy, the utility giant anticipates a minimum annual dividend payment of Dhs6.2bn in the initial five years starting October 2022.
The semi-annual dividends are distributed in April and October. In H1 2025, shareholders authorized a dividend of Dhs3.1 bn, which was paid on October 29, 2025. An H2 2025 dividend is not anticipated until around April 2026, provided the shareholders approve at the annual general assembly.
