DEWA sees H1 profit after tax rise 13.2% to hit Dhs2.9bn
Dubai Electricity and Water Authority (DEWA) reported a record revenue of Dhs14.6bn for H1 2025, marking a 6.9 per cent increase year-on-year.
The company also announced a dividend payment of Dhs3.1bn, payable in October 2025.
The half-year financial results highlight strong growth across key metrics.
DEWA posted a profit after tax of Dhs2.9bn, up 13.2 per cent compared to the same period in 2024.
EBITDA reached Dhs7bn, reflecting a 5.3 per cent rise, while operating profit stood at Dhs3.7bn, increasing 12.6 per cent.
Operating cash flow surged 61.3 per cent to Dhs9.2bn.
Image courtesy: Dubai Media Office
DEWA's Q2 highlights
In Q2 alone,
EBITDA and operating profit grew 11.9 per cent and 24.8 per cent respectively.
DEWA currently serves 1,292,487 customer accounts, a 4.81 per cent increase over the same period last year.
Saeed Mohammed Al Tayer, MD and CEO of DEWA, said, 'We are proud to report DEWA's strongest-ever financial results for both the second quarter and first half of 2025 … Our record operating cash flow of Dhs9.2bn, up 61.3 per cent year-on-year, underscores the resilience of our business model.'
Al Tayer credited the leadership and vision of Dubai's rulers and noted continued investments in state-of-the-art infrastructure totaling over Dhs230bn to date.
Looking ahead, DEWA expects stronger revenue and profit contributions in H1 2025, driven by seasonal demand and continued investments in clean energy,
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