Dubai Electricity and Water Authority (DEWA) has reported its strongest-ever first-half financial results, delivering AED 14.6 billion in revenue, AED 7.0 billion in EBITDA, and a net profit of AED 2.9 billion for the six months ended June 30, 2025.
The performance marked year-on-year increases of 6.9% in revenue, 5.3% in EBITDA, and 13.2% in net profit, driven by higher demand for electricity and water, steady growth in district cooling through subsidiary Empower, and improved operating efficiencies. Operating cash flow rose 61.3% to a record AED 9.2 billion.
“Our results reflect disciplined execution, growing demand, and our commitment to operational excellence,” said Saeed Mohammed Al Tayer, Vice Chairman and MD & CEO of DEWA. “Looking ahead, we expect consistent value creation for stakeholders, supported by Dubai’s economic growth, our robust business model, and sector-leading operational benchmarks.”
The utility approved an interim dividend of AED 3.1 billion for H1 2025, payable in October.
Operational Highlights
In Q2 2025, DEWA’s total energy generation, including imports from independent power producers (IPPs), rose 10.88% to 16.9 TWh, with clean energy contributing 19.46% (3.3 TWh) of the total mix. The utility recorded a peak power demand of 10.545 GW, up 2.95% year-on-year, and improved its gross heat rate by 7.01% to 7,693 BTU/kWh.
Water production also reached record levels, with Q2 desalinated output up 9.55% to 40.78 billion imperial gallons. Peak daily water demand climbed 5.87% to 475 million imperial gallons.
DEWA expanded its infrastructure with the commissioning of two 132 kV substations and 483 11 kV substations during the second quarter. By end-H1, installed generation capacity stood at 17.979 GW, of which 3.860 GW came from renewable sources.
The utility served 1,292,487 customer accounts as of June 30, 2025, representing a 4.81% increase from the previous year.
–Input WAM
