DEWA Posts Record 2025 Revenue of AED 32.84 Billion

Dubai Electricity and Water Authority PJSC (DEWA), Dubai’s exclusive electricity and water services provider listed on the Dubai Financial Market (DFM), has announced its preliminary and unaudited consolidated financial results for the full year 2025, reporting the strongest financial and operational performance in its history.

DEWA recorded a full-year revenue of AED 32.84 billion in 2025, marking a 6.02% increase compared to the previous year. The company reported an operating profit of AED 10.99 billion and achieved an unprecedented EBITDA of AED 17.37 billion. Net profit after tax rose to AED 9.09 billion, reflecting a 25.66% increase year-on-year.

Commenting on the results, HE Saeed Mohammed Al Tayer, MD & CEO of DEWA, said the company remains committed to the highest standards of excellence and sustainability, inspired by the vision of the UAE leadership. He added that DEWA will continue to play a key role in supporting Dubai’s rapid progress. Al Tayer said DEWA’s record results were driven by the resilience of its business model, disciplined execution of strategy, and continued growth in demand for electricity, water and cooling services across Dubai.

He also highlighted that sustainability remains central to DEWA’s strategy, with clean power generation exceeding 10 TWh for the first time, reinforcing progress toward the UAE’s Net Zero 2050 vision. Al Tayer added that DEWA’s profit after tax covered its annual dividend of AED 6.2 billion by around 1.46 times, reflecting a strong and well-covered dividend profile.

Operationally, DEWA generated 62.21 TWh of power in 2025, representing a 5.10% annual increase from the 59.19 TWh recorded in 2024. Clean power generation reached 10.10 TWh during the year, showing a 52.38% increase compared to the previous year, and accounted for 16.23% of total power generated in 2025. DEWA also reported that annual peak power demand increased by 5.83% to 11.39 GW.

Water demand also reached record levels. DEWA said system desalinated water demand grew by 6.62% year-on-year to 161.505 Billion Imperial Gallons (BIG), while the daily peak desalinated water demand rose to 487 MIG compared to 455 MIG in 2024.

DEWA’s customer base continued to expand during the year. By the end of 2025, the company had 1,327,182 customer accounts, adding 56,897 new accounts during the year, representing a 4.48% increase compared to the previous year.

In the fourth quarter of 2025, DEWA maintained strong momentum, generating 14.24 TWh of power. During the quarter, clean power generation increased by 38.35% compared to the same period last year, reaching 2.18 TWh. Desalinated water demand in the quarter rose by 5.14% to 40.55 BIG, while the company added 17,823 customer accounts.

To support long-term growth, DEWA invested AED 11.72 billion across the group in 2025, mainly to enhance renewable energy capacity, desalination plants, and transmission and distribution networks. By the end of 2025, DEWA’s installed generation capacity increased by 4.66% to 17,979 MW, including 3,860 MW from clean energy sources.

Looking ahead, DEWA said it plans to exceed 23 GW of total installed power generation capacity by the end of 2030, with around 8.3 GW expected to come from renewable sources, representing 36.1% of the total. The company also aims to reach 735 MIGD of desalinated water production capacity, including 308 MIGD using seawater reverse osmosis technology powered by renewable energy.

Under DEWA’s dividend policy, the company expects to pay a minimum annual dividend of AED 6.2 billion during the first five years starting October 2022, with dividends paid semi-annually in April and October. For the first half of 2025, DEWA received approvals to distribute AED 3.1 billion to shareholders, based on a record date of 17 October 2025, and the dividend was paid on 29 October 2025. For the second half of 2025, DEWA expects to pay dividends around April 2026, subject to shareholder approval at the annual general assembly. The issuance of invitations for the upcoming annual general assembly will be subject to approval by the UAE Capital Markets Authority.