Dubai Electricity and Water Authority has posted its strongest first-half performance on record, with net profit climbing 15.02 percent to AED3.33 billion for the six months to June 2026.
The utility giant reported revenue of AED14.86 billion, EBITDA of AED7.32 billion and operating profit of AED4.07 billion, marking its best first-half figures across all four metrics. DEWA credited the results to steady demand for electricity, water and cooling services, a growing customer base and tight operational discipline.
Saeed Mohammed Al Tayer, Vice Chairman and MD & CEO of DEWA, said the numbers reflect the strength of Dubai's economy and the resilience of the authority's business model. He pointed to progress on sustainability goals, noting that clean energy made up 19.9 percent of total power generated during the second quarter alone.
DEWA added 18,220 new customer accounts in Q2 2026, bringing total annual growth to 72,718 accounts, up 5.63 percent year on year. Installed generation capacity now stands at 17,979MW, with 3,860MW drawn from clean sources, representing 21.5 percent of the energy mix.
On the water side, DEWA commissioned Block A of the Hassyan Sea Water Reverse Osmosis plant, adding 60 million imperial gallons a day to its production capacity. Seawater reverse osmosis now accounts for 23 percent of DEWA's total desalination output, with another 120 MIGD planned before the end of the year.
Looking further ahead, DEWA is targeting more than 23GW of installed capacity and 735 MIGD of desalination output by 2030, with renewables and solar-powered desalination forming a significant share of that expansion.
Shareholders can expect a further AED3.1 billion dividend in October 2026, pending regulatory approval, continuing the authority's semi-annual payout schedule under its dividend policy.
News Source: Emirates News Agency
