In the first half of 2025, the Dubai Electricity and Water Authority (DEWA) achieved strong profits of 2.9 billion dirhams, marking a growth of 13.2%. This outstanding performance reflects an increase in operating income and a significant reduction in costs, demonstrating the financial and operational stability of the authority and enhancing its position in the market as one of the largest public utilities.
Exceptional Financial Performance
DEWA achieved unprecedented financial and operational performance during the first half of 2025, recording net profits of 2.9 billion dirhams, which represents an increase of 13.2% compared to the same period last year. This substantial growth is attributed to an increase in operating income, as well as a 15.45% reduction in net financing costs. These factors significantly contribute to enhancing the authority’s sustainable profitability.
Revenue Growth
The revenues experienced a notable increase of 6.9% year-on-year, reaching 14.6 billion dirhams. This rise was driven by the continuous growth in demand for electricity and water, along with the ongoing expansion of district cooling services provided by Empower. The rising demand is a positive indicator of sustainable economic growth in the region, reflecting DEWA’s commitment to effectively meet its customers’ needs.
Improving Operational Efficiency
On another note, earnings before interest, taxes, depreciation, and amortization (EBITDA) saw an increase of 5.3%, reaching 7.0 billion dirhams. This improvement is due to enhanced operational efficiency and effective cost control in core sectors. This demonstrates the strength of the group’s core profitability and its ability to adapt to financial challenges.
Dividend Distribution
Considering the strong financial results, the authority is expected to distribute a new dividend of 3.1 billion dirhams for the first half of 2025 on October 17, 2025, having obtained all necessary approvals. This step reflects the authority’s commitment to its shareholders and ensures them sustainable returns amid DEWA’s positive performance.