Abu dhabi: National Central Cooling Company PJSC (Tabreed) on Friday announced its results for the three-month period ended 31st March 2026, reporting revenue of AED486 million and net profit of AED78 million. The company demonstrated resilient operational performance and strong cash generation during the quarter, supported by its long-term contracted business model, with capacity charges as the key profitability driver.
According to Emirates News Agency, Tabreed maintained a robust liquidity position, with cash balances increasing 15 percent year-to-date to AED756 million, reflecting the continued stability of its underlying cash flow model. The company also has access to an undrawn Green Revolving Credit Facility of AED1.2 billion and no near-term debt maturities, ensuring financial stability.
Dr. Bakheet Al Katheeri, Tabreed's Chairman, stated that the company has started 2026 with a resilient performance, strengthened by the concession-backed business model, a diversified portfolio, and high revenue visibility. He emphasized the growing demand for energy-efficient infrastructure and the crucial role of district cooling in sustainable urban development. Dr. Al Katheeri noted the company's progress in integrating recent acquisitions and delivering new capacity to support long-term expansion.
At the Annual General Assembly held on 25th March 2026, shareholders approved a final dividend of 6.5 fils per share for H2 2025, bringing the full-year dividend to 13.0 fils per share. This dividend was paid in April 2026. The consistent increase in the dividend payout ratio, reaching 79 percent of net profit in 2025, underscores the Board's commitment to delivering attractive shareholder returns while continuing to invest in long-term infrastructure growth.