Dubai: Dubai Electricity and Water Authority PJSC (DEWA) has announced its consolidated financial results for the first half of 2025, highlighting a post-tax profit of AED2.9 billion. The company's revenue for the period reached AED14.6 billion, with an EBITDA of AED7.0 billion and an operating profit of AED3.7 billion. DEWA's cash from operations was reported at AED9.2 billion.
According to Emirates News Agency, Saeed Mohammed Al Tayer, Vice Chairman and MD and CEO of DEWA, expressed satisfaction over the strong financial performance, attributing the results to disciplined execution, rising demand, and a focus on operational excellence. He noted that in the first half of 2025, the company saw growth in revenue, EBITDA, and net profit by 6.9%, 5.3%, and 13.2% respectively. Operating cash flow showed a 61.3% year-on-year increase. DEWA has approved a dividend of AED 3.1 billion for the first half of 2025, payable in October. The company has invested over AED230 billion in infrastructure to date.
Al Tayer emphasized the resilience of DEWA's business model and its capacity to generate returns while supporting Dubai's sustainable development. He anticipates ongoing value creation driven by Dubai's economic growth and robust business strategies.
DEWA reported a record performance for the six months ending June 30, 2025. Revenue increased by 6.9% year-on-year, supported by growth in electricity and water demand, and an expansion in district cooling via Empower. EBITDA was up by 5.3%, underlining the company's profitability through enhanced operating efficiencies and cost control. A 13.2% rise in net profit was attributed to increased operating income and a 15.45% reduction in net finance costs.
In the second quarter of 2025, DEWA's energy generation, including imports from IPPs, reached 16.9 TWh, marking a 10.88% increase from the previous year. Clean energy generation contributed 3.3 TWh, accounting for 19.46% of the total energy produced. DEWA aims to maintain a sustainable energy mix to meet demand. Additionally, DEWA delivered 2.18 TWh from Hassyan power plant and 11.46 TWh from its other generation facilities.
The quarterly peak power demand rose by 2.95% compared to Q2, 2024, reaching 10.545 GW. The gross heat rate improved by 7.01% year-on-year. These metrics underscore DEWA's commitment to operational excellence amid strong demand.
DEWA's desalinated water production grew by 9.55% in the second quarter of 2025, achieving a record 40.78 billion Imperial Gallons. Peak daily desalinated water demand increased by 5.87% from the previous year.
As of the end of Q2 2025, DEWA served 1,292,487 customer accounts, a 4.81% increase from the previous year. The company commissioned two 132 kV substations and 483 11kV substations in the second quarter. By the end of the first half of 2025, DEWA's installed generation capacity was 17.979 GW, with 3.860 GW from renewable energy sources.