Emirates Central Cooling Systems Corporation PJSC (Empower), the world’s largest district cooling services provider, recorded solid financial growth in the first nine months of 2025, driven by rising demand across Dubai’s booming real estate sector.
The company reported revenues of AED 2.586 billion and EBITDA of AED 1.169 billion for the third quarter, with year-to-date revenue and EBITDA up 5.5% and 4% respectively. Pre-tax net profit reached AED 757 million, marking a 5.3% increase from the same period last year.
Empower attributed the results to Dubai’s surge in new developments and wider adoption of its sustainable district cooling solutions. CEO Ahmad Bin Shafar said the company’s performance reflects Dubai’s vision for sustainability and highlights Empower’s role in advancing energy-efficient infrastructure.
During Q3 2025, Empower signed 52 new contracts to supply more than 56,000 refrigeration tons (RT) to projects across the city, bringing total contracted capacity to 1.92 million RT. The company also began supplying cooling to the Al Habtoor Tower project, set to become the world’s largest residential icon upon completion in 2027.
As part of its expansion strategy, Empower announced plans for a new district cooling plant at Dubai Science Park with a capacity of 47,000 RT, scheduled to begin construction in early 2026.
Over the twelve months ending September 2025, Empower’s consolidated revenue reached AED 3.395 billion, up 5.5% year-on-year, while EBITDA climbed 5.6% to AED 1.596 billion. The company also distributed AED 875 million in cash dividends during the year.
Bin Shafar was recognized by Forbes Middle East as a Sustainability Leader for the second year in a row, underscoring Empower’s growing influence in the global district cooling industry.
News Source: Dubai Media Office
