Dewa delivers its strongest H1 in 2025; revenue soars to $3.9bn
DUBAI, 1 days ago
Dubai Electricity and Water Authority (Dewa) has announced its strongest-ever financial results for the first half with its revenue soaring to AED14.6 billion ($3.9 billion), up 6.9% over last year and its net profit registering a 13.2% growth to hit AED2.9 billion ($789 million).
Announcing its consolidated financial results for the six-month period ended June 30, 2025, Dewa said its earnings before interest, taxes, depreciation, and amortisation (Ebitda) stood at AED7 billion, up 5.3% over last year, while its operating profit hit AED3.7 billion.
In H1 2025, the Dubai utility's operating cash flow witnessed solid growth surging to a rexcord AED9.2 billion, up 61.3% year-on-year, it stated.
The Dubai utility is progressing in its journey towards Net Zero Carbon by 2050 and will continue to play a decisive role in Dubai’s rapid progress,
Impressed with the results, the company board has approved a dividend of AED3.1 billion for H1, 2025, which is payable in October.
"We are proud to report Dewa’s strongest-ever financial results for both Q2 and H1 2025 - a reflection of disciplined execution, growing demand, and our commitment to operational excellence," remarked Saeed Mohammed Al Tayer, the Vice Chairman and Managing Director and CEO of Dewa.
"To date we have invested over AED230 billion in state-of-the-art infrastructure. Our results demonstrate the resilience of our model and the ability to generate strong returns while advancing Dubai’s sustainable development," he noted.
"Looking ahead, we expect consistent value creation for our stakeholders, supported by Dubai’s economic growth, our robust business model and our sector leading operational benchmarks that are acknowledged to be No 1 globally." he added.-TradeArabia News Service
