DEWA Posts AED496 Million Q1 Profit as Cash Flow and Clean Energy Output Surge
Dubai Electricity and Water Authority (DEWA) reported a robust start to 2025, posting a net profit of AED496 million for the first quarter, driven by strong operational performance and increased demand across utilities.
Revenues rose to AED5.96 billion, marking a 2.83% increase from the same period in 2024. EBITDA reached AED2.43 billion, while operating profit stood at AED838 million. Net cash from operations hit a record AED3.85 billion, pushing closing cash and cash equivalents to AED8.17 billion—up AED2.07 billion from year-end 2024.
DEWA also achieved significant milestones in its sustainability strategy. Clean energy accounted for 17.7% of total power generation, producing 1.86 TWh in Q1. Total power generation reached 10.5 TWh, while desalinated water production hit a record 35.61 billion imperial gallons, up 4.56% year-on-year. 'Under the leadership of Dubai's visionary rulers, we are on track to deliver our Net Zero 2050 goals,'
said Saeed Mohammed Al Tayer, DEWA's Vice Chairman and MD & CEO. 'We've invested AED2.26 billion this quarter in infrastructure tied to our energy transition, and we aim to have 34% of our generation mix from clean sources by 2030.'
Customer growth also continued, with 11,614 new accounts added during the quarter, bringing DEWA's total to a 3.7% increase year-on-year. The utility currently has an installed generation capacity of 17,579 MW, of which 20% comes from clean sources.
DEWA also commissioned two 132kV substations and 441 low-voltage substations in Q1, further strengthening Dubai's energy infrastructure.
News Source: Emirates News Agency
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