Latest / DEWA Podcasts / Dubai Electricity and Water Authority PJSC (DEWA) posts AED 6.45 billion in Q1, 2026 revenue, with EBITDA at AED 2.88 billion

Transcript

Dubai Electricity and Water Authority PJSC (DEWA) posts AED 6.45 billion in Q1, 2026 revenue, with EBITDA at AED 2.88 billion · DEWA Podcasts

• 0:00
  Dubai Electricity and Water Authority, the exclusive
• 0:03
  electricity and water services provider for the
• 0:05
  Emirate of Dubai, listed on the Dubai financial
• 0:08
  market, reported its first quarter 2026 consolidated
• 0:11
  financial resates with record quarterly performance.
• 0:15
  Diwa posted revenue of AED $6 .45 billion, up
• 0:20
  8 .18 % year -on -year. EBITDA reached AED $2
• 0:24
  .88 billion, up 18 .44%. Operating profit was
• 0:29
  AED $1 .29 billion, up 53 .58%. Net profit came
• 0:35
  in at AED $0 .94 billion, up 89 .87%. Cash from
• 0:41
  operations stood at AED $3 .89 billion, up 0
• 0:45
  .94%. These were the highest first quarter revenue,
• 0:48
  operating profit, EBIT data, and net profit in
• 0:52
  Diwa's history. Operationally, Diwa also recorded
• 0:55
  its highest first quarter figures across key
• 0:58
  metrics. Power generation reached 11 .09 terawatt
• 1:01
  hours, an increase of 5 .65 % over the same period
• 1:05
  in 2025. Clean power generation reached 2 .06
• 1:09
  terawatt hours, contributing 18 .5 % of total
• 1:13
  power generated during the quarter. Desalinated
• 1:15
  water production reached 37 .57 billion imperial
• 1:19
  gallons, up 5 .51%. Diwa added 19 ,803 customer
• 1:24
  accounts during the quarter, taking the total
• 1:26
  to 1 .347 million customer accounts. Over the
• 1:30
  last 12 months ending the first quarter of 2026,
• 1:33
  customer accounts increased by 65 ,086, representing
• 1:37
  annual growth of 5 .08%. His Excellency Saeed
• 1:41
  Mohammed Altair, Vice Chairman and Managing Director
• 1:44
  and CEO of Diwa, said, Diwa is committed to being
• 1:48
  an innovative and sustainable corporation. Inspired
• 1:51
  by the vision of His Highness Sheikh Mohammed
• 1:53
  bin Rashid Al Maktoum, Vice President and Prime
• 1:56
  Minister of the UAE and Ruler of Dubai, and the
• 1:59
  directives of His Highness Sheikh Hamdan bin
• 2:01
  Mohammed bin Rashid Al Maktoum, Crown Prince
• 2:03
  of Dubai, Deputy Prime Minister and Minister
• 2:05
  of Defense of the UAE and Chairman of the Executive
• 2:07
  Council of Dubai, and His Highness Sheikh Maktoum
• 2:10
  bin Mohammed bin Rashid Al Maktoum, First Deputy
• 2:13
  Ruler of Dubai, Deputy Prime Minister and Minister
• 2:15
  of Finance, Under their guidance, we are progressing
• 2:18
  in our journey to net zero by 2050 and will continue
• 2:21
  to play a decisive role in Dubai's rapid progress.
• 2:24
  His Excellency Saeed Mohammed Altair added, Diwa
• 2:28
  delivered an exceptional start to 2026, achieving
• 2:31
  its highest ever first quarter revenue, EBIT
• 2:33
  data, operation profit, and net profit. Consolidated
• 2:36
  net profit for the first quarter increased by
• 2:38
  nearly 90 % compared with the same period last
• 2:40
  year, while clean energy accounted for 18 .5
• 2:43
  % of total power generated during the quarter.
• 2:46
  We had a record quarterly revenue of AED 6 .45
• 2:49
  billion, EBIT data of AED 2 .88 billion, operation
• 2:52
  profit of AED 1 .29 billion, and net profit of
• 2:56
  AED 0 .94 billion. We also strengthened our water
• 2:59
  infrastructure by adding 60 MIGD of desalination
• 3:02
  capacity, taking total installed water desalination
• 3:04
  capacity to 555 MIGD. Amid a challenging geopolitical
• 3:08
  backdrop, a retro performance reflects the continued
• 3:11
  strength of Dubai's economy, sustained demand
• 3:13
  for electricity, water, and cooling services,
• 3:15
  and our disciplined focus on operational excellence,
• 3:18
  sustainability, and long -term shareholder value.
• 3:20
  Diwa recorded standalone net profit of EED $1
• 3:23
  .05 billion for Q1 2026, representing a 55 .8
• 3:27
  % increase compared to the same period in the
• 3:29
  previous year. We paid dividend of EED $3 .1
• 3:31
  billion in April 2026 for H2 2025, and, subject
• 3:35
  to the necessary approvals, Expect to make our
• 3:37
  next dividend payment of EED 3 .1 billion in
• 3:40
  October 2026 for H1 -2026. By 31 March 2026,
• 3:45
  Diwa's installed generation capacity reached
• 3:48
  17 ,979 megawatts, including 3 ,860 megawatts
• 3:53
  from clean energy sources, representing 21 .5
• 3:56
  % of the energy mix. In water, Diwa commissioned
• 3:59
  Block A of the Hacian Seawater Reverse Osmosis
• 4:02
  Plant. adding 60 MIGD and taking total installed
• 4:05
  desalination capacity to 555 MIGD. Seawater reverse
• 4:09
  osmosis now represents 23 % of the total water
• 4:12
  mix, and DUI expects to add another 120 MIGD
• 4:15
  of SWRO capacity in 2026. System capacity details
• 4:19
  as of 31 March 2026 were as follows. Jebel Ali
• 4:23
  and Al -Walver, 11 ,519 MW. Mohammed bin Rashid
• 4:27
  Al -Maktoum Solar Park, 3 ,860 MW. Hacian Power
• 4:32
  Plant, 2 ,400 megawatts, and Warsan Waste Management
• 4:35
  Company, 200 megawatts. Water desalination capacity
• 4:38
  included Jebel Ali Multistage Flash, 427 MIGD,
• 4:43
  Jebel Ali Seawater Reverse Osmosis, 63 MIGD,
• 4:46
  Palm Jumeirah Seawater Reverse Osmosis, 5 MIGD,
• 4:49
  and Hacian Block A Seawater Reverse Osmosis,
• 4:52
  60 MIGD. During the quarter, Diwa also commissioned
• 4:56
  two 132 kilovolt substations and 411 to 6 .6
• 5:01
  kilovolt substations. Its EV green charger network
• 5:04
  expanded to 2 ,223 charging points across Dubai,
• 5:07
  including stations licensed by Diwa in collaboration
• 5:10
  with government and private sector entities.
• 5:12
  On shareholder returns, Diwa's dividend policy
• 5:15
  provides for a minimum annual dividend of AED
• 5:17
  $6 .2 billion in the first five years starting
• 5:19
  October 2022, with payments made semi -annually
• 5:22
  in April and October. DEWA held its annual General
• 5:25
  Assembly on 2 April 2026. On 20 April 2026, it
• 5:29
  distributed AED $3 .1 billion in dividends for
• 5:31
  H -2 2025, based on a record date of 13 April
• 5:35
  2026. The next dividend of AED $3 .1 billion
• 5:38
  for H -1 2026 is expected in October 2026, subject
• 5:42
  to the necessary approvals.