Emirates Central Cooling Systems Corporation (Empower) has reported a record first half for 2026, with net profit after tax climbing 16.2 percent to AED468 million on the back of steady growth across Dubai's district cooling sector.
Revenue for the six months to June reached AED1.519 billion, up 4.5 percent year on year, while EBITDA grew 7.5 percent to AED773 million. Profit before tax rose 16.2 percent to AED514 million.
Looking at the trailing 12 months to June 2026, consolidated revenue stood at AED3.49 billion, a 3.7 percent rise compared with the equivalent period a year earlier.
CEO Ahmad bin Shafar attributed the results to the strength of Empower's business model and its ability to keep pace with growth across Dubai's key sectors, pointing to the company's role in supporting urban expansion and energy efficiency in line with the UAE's broader economic vision.
The period also brought a notable expansion in contracted capacity. Empower signed 61 new contracts covering 73,415 refrigeration tonnes (RT), lifting total contracted capacity to 2.02 million RT. Connected capacity rose to 1.71 million RT after more than 51,000 RT was added during the half, with the number of buildings served increasing to 1,796.
On the infrastructure front, Empower opened a new Command Control Centre at its headquarters and inaugurated a Customer Happiness Centre in Al Jadaf. The company also awarded a contract for the design of its fifth district cooling plant, to be built in Business Bay with a planned capacity of up to 44,000 RT.
Shareholders had earlier approved a cash dividend of AED437.5 million for the second half of 2025 at Empower's AGM in March, representing 43.75 percent of paid-up capital, which has since been distributed according to schedule.
News Source: Emirates News Agency
