Latest / DEWA Podcasts / Dubai Electricity and Water Authority PJSC announces record net profit of AED 3.33 billion for the first half of 2026

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Dubai Electricity and Water Authority PJSC announces record net profit of AED 3.33 billion for the first half of 2026 · DEWA Podcasts

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  Dubai Electricity and Water Authority reported
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  record first half 2026 results. Revenue reached
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  14 .86 billion AED. EBITDA reached 7 .32 billion
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  AED. Operating profit was 4 .07 billion AED.
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  Net profit was 3 .33 billion AED. Customer accounts
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  reached 1 .36 million. In the second quarter
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  of 2026, Dubai Electricity and Water Authority
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  generated 15 .78 terawatt -hours of electricity.
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  Clean power generated reached 3 .14 terawatt
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  -hours, contributing 19 .9 % of total power generated.
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  Desalinated water production reached 40 .25 billion
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  imperial gallons. His Excellency Saeed Mohammed
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  Al -Tayyar, Vice Chairman and MD and CEO of Dubai
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  Electricity and Water Authority, said, Dubai
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  Electricity and Water Authority is committed
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  to being an innovative and sustainable corporation,
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  inspired by the vision of His Highness Sheikh
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  Mohammed bin Rashid Al Maktoum, Vice President
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  and Prime Minister of the UAE and ruler of Dubai.
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  and the directives of His Highness Sheikh Hamdan
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  bin Mohammed bin Rashid Al Maktoum, Crown Prince
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  of Dubai, Deputy Prime Minister and Minister
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  of Defense of the UAE and Chairman of the Executive
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  Council of Dubai, and His Highness Sheikh Maktoum
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  bin Mohammed bin Rashid Al Maktoum, First Deputy
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  Ruler of Dubai, Deputy Prime Minister and Minister
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  of Finance. Under their guidance, we are progressing
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  in our journey to net zero by 2050 and will continue
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  to play a decisive role in Dubai's rapid progress.
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  His Excellency Saeed Mohammed Al -Tayyar added,
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  Dubai Electricity and Water Authority delivered
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  record results in the first half of 2026, achieving
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  its highest ever first -half revenue, EBITDA,
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  operating profit, and net profit. Net profit
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  increased by 15 .02 % to 3 .33 billion AED, supported
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  by sustained first -half demand for electricity,
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  water and cooling services, continued customer
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  growth, and disciplined operational performance.
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  During the second quarter, clean energy accounted
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  for 19 .9 % of total power generated. These results
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  reflect the continued strength of Dubai's economy.
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  the resilience of Dubai Electricity and Water
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  Authority business model, and our commitment
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  to sustainability, operational excellence, and
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  long -term shareholder value. Subject to the
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  necessary approvals, we expect to distribute
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  a further 3 .1 billion AED in October 2026. Installed
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  generation capacity reached 17 ,979 megawatts,
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  including 3 ,860 megawatts from clean energy,
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  representing 21 .5 % of the energy mix. Block
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  A of the Hacien Sea Water Reverse Osmosis Plant
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  added 60 MIGD to water production capacity. Under
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  the dividend policy, The company expects a minimum
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  annual dividend of $6 .2 billion AED during the
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  first five years starting October 2022. The upcoming
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  dividend of $3 .1 billion AED for the first half
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  of 2026 is expected in late October 2026, subject
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  to necessary approvals.