National Central Cooling Company PJSC (Tabreed ) on Friday declared its performance during the year ending December 31, 2025, which shows a revenue of AED2.46 billion and net profit amounting to AED465 million.
The outcomes represent ongoing operational strength, all-time growth, and disciplined capital execution. The total connected capacity increased 19 percent year-on-year to 1.57 million Refrigeration Tonnes (RT) as of December 31, 2025, due to robust organic growth and acquisitions.
Without the impact of M&A, connected capacity expansion had surged 4.4 percent year-on-year, near the high end of the company’s guidance range. The organic additions recorded 58,200 RT in 2025, the highest level in the past five years, based on primarily due to new connections in the UAE.
The year saw the commissioning of three new greenfield plants, and five operational plants were acquired as part of PAL Cooling, and this brought the group’s total to 99 operating plants.
The consumption volumes stood at 2.62 billion RTH, indicating that it dropped marginally by 1 percent compared to the previous year, owing to relatively colder weather conditions.
The efficiency and availability were at a high level throughout the year, and they were indicative of Tabreed’s investment in innovative technologies and proactive asset management.
Group revenue grew 1 percent year-on-year to AED2.46 billion, an aspect that highlights the stability that the fixed capacity charges have given, regardless of weather-related weaknesses in consumption revenue.
Therefore, EBITDA surged by 1 percent year-on-year to AED1.27 billion, with a margin of 51.6 percent, supported by operating leverage and efficiencies.
FY 2025 net profit of AED465 million was largely attributed to the ongoing business strength of the company as it absorbed the effect of increased finance costs.
Dr. Bakheet Al Katheeri, Tabreed’s Chairman, said, “2025 was a transformational year for Tabreed, marked by major strategic steps that have strengthened our platform for both the medium and long term. The addition of PAL Cooling and the Palm Jebel Ali concession have deepened our presence in core markets and expanded the scale at which we operate.”
Throughout the business, the teams at Tabreed have remained reliable to customers and have been investing in systems and infrastructure that will take the company to the next level of growth.
The Board of Directors approved a final dividend of 6.5 fils on H 2 2025, which will result in a total of 13 fils of dividend per share. This reflects a payout of 71 percent of 2025 normalized net profit, in line with historical levels, even though it undertook a lot of investment to ensure long-term growth.
