Dubai Electricity and Water Authority PJSC (DEWA) reported record-breaking financial results for the first nine months of 2025, with revenue rising to AED 24.9 billion and operating profit reaching AED 8.3 billion.
The performance marks the strongest year-to-date results in the company’s history, driven by consistent demand across electricity, water, and district cooling operations.
HE Saeed Mohammed Al Tayer, Vice Chairman and MD & CEO of DEWA, said the results reflect the resilience of Dubai’s utility model and the company’s commitment to innovation and sustainability. He reaffirmed DEWA’s dedication to supporting Dubai’s Net Zero by 2050 strategy under the guidance of the emirate’s leadership.
Net profit for the period climbed to AED 6.8 billion from AED 5.5 billion a year earlier, underscoring solid operational efficiency and disciplined cost management. Gross profit improved to AED 9.9 billion, while cash from operations reached AED 15.2 billion. DEWA also invested AED 7.8 billion in capital expenditure, expanding renewable energy capacity, water desalination, and smart grid infrastructure.
Operationally, DEWA recorded a 4.46% increase in power generation to 20.5 terawatt hours during the third quarter, with clean energy accounting for 13.5% of total output. Desalinated water demand rose nearly 7%, reaching record levels. The company’s customer base grew by 4.7% to over 1.3 million accounts.
Al Tayer noted that DEWA expects its full-year 2025 performance to surpass last year’s results, supported by Dubai’s continued growth and strong demand fundamentals. The company paid a dividend of AED 3.1 billion in October for the first half of 2025, reflecting its stable financial position and shareholder returns.
News Source: Dubai Media Office
