Emirates Central Cooling Systems Corporation (Empower) has posted a strong set of financial results for the first quarter of 2026, with net profit after tax climbing 44 percent year-on-year to AED208 million.
The Dubai-listed district cooling giant reported total revenue of AED631 million for the three months ending 31 March 2026, a 16.8 percent increase compared to the same period last year. EBITDA came in at AED358 million, while pre-tax net profit reached AED229 million.
Empower attributed the performance to higher capacity additions, reduced operational costs and sustained demand for district cooling services across Dubai.
CEO Ahmad Bin Shafar said the results reflect the resilience of Empower's business model and its commitment to sustainable growth. He pointed to a well-planned expansion strategy and growing urban demand as the key drivers behind the quarter's exceptional numbers.
Bin Shafar added that the company continues to invest in innovation and global best practices, with a focus on enhancing operational efficiency and supporting Dubai's transition to a low-carbon economy.
Empower is the world's largest district cooling services provider and plays a central role in supporting the emirate's rapidly expanding urban infrastructure. The company's latest results reinforce its position as a key contributor to Dubai's sustainability goals and long-term development agenda.
News Source: Emirates News Agency
