DEWA announces record quarterly revenue of AED5.96bln and quarterly cash from operations of AED3.85bln
Dubai, United Arab Emirates: Dubai Electricity and Water Authority PJSC (ISIN: AED001801011) (Symbol: DEWA), the Emirate of Dubai's exclusive electricity and water services provider, listed on the Dubai Financial Market (DFM), reported its first quarter 2025 consolidated financial results, recording quarterly revenue of AED 5.96 billion, EBITDA of AED 2.43 billion, operating profit of AED 838 million and net profit of AED 496 million. The company also generated a record net cash from operations of AED 3.85 billion resulting in closing cash and cash equivalents of AED 8.17 billion, which is AED 2.07 billion higher than the balance as at year-end 2024.
'We are progressing in our journey to Net Zero by 2050 and will continue to play a decisive role in Dubai's rapid progress. With consistent growth in demand for electricity, water and cooling services, our revenue grew by 2.83% to AED 5.96 billion in the quarter and more notably our net cash flow from operations grew to AED 3.85 billion, which is 17.86% higher than the amount in the same period of the previous year. Our financials reflect a healthy operating profit of AED 838 million in the quarter, and an EBITDA of AED 2.43 billion. We invested AED 2.26 billion in infrastructure during the quarter, mainly related to our energy transition strategy,' said HE Saeed Mohammed Al Tayer, Vice Chairman and MD & CEO of DEWA.
In Q1 2025, DEWA generated 10.50 TWh, a 2.83% increase over the same period in 2024. During this quarter clean power generated was 1.86 TWh, contributing 17.7% to the overall power generation. Simultaneously, desalinated water production in Q1 reached 35.61 BIG, a 4.56% increase. DEWA increased its customer base by an impressive 11,614 customer accounts during the quarter. In the last twelve months, ending with the first quarter of 2025, the total number of customer accounts increased by 57,339, representing yearly growth of 3.7%
By the first quarter of 2025, the Company's system installed generation capacity was 17,579 MW with 3,460 MW of this capacity coming from clean energy sources which represents 20% from the energy mix. By 2030 we expect total installed generation capacity to reach 22 GW, out of which 7.5 GW, representing 34% of generation mix, will be sourced from clean energy sources.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
29 minutes ago
- Zawya
AiVANTA and Slangit Technologies announce strategic partnership
DUBAI, UAE/PRNewswire/ -- AiVANTA, a leading AI-driven SaaS platform for multilingual, dialect-specific personalized video communication, and Slangit Technologies, a leader in interactive Knowledge Base solutions with deep expertise in Arabic dialects, have announced a strategic partnership to co-develop an AI-powered customer engagement platform for Arabic-speaking markets in the Middle East. This collaboration brings together AiVANTA's hyper-personalized video messaging capabilities with Slangit's intelligent, real-time voice and chat-based interactions. As the Middle East rapidly advances its digital transformation efforts, the joint solution addresses the growing need for culturally relevant, automated communication at scale—bridging fragmented systems and enabling truly localized engagement. The proposed platform will integrate Slangit's Knowledge Base as a Service with AiVANTA's AI-powered video engine. This will allow businesses to deliver timely, relevant customer interactions across websites, messaging apps, and telephony systems, while adapting seamlessly to regional languages and dialects. By unifying communication and conversation through AI, the solution helps enterprises shift from siloed, impersonal engagement models to connected, intelligent customer experiences. Businesses in sectors such as healthcare, banking, insurance, telecom, and e-commerce can use the platform to automate support, reduce operational load, improve message clarity, and deliver emotionally resonant, localized journeys. AiVANTA has a strong presence in India with clients like ICICI Bank, Bajaj Allianz, Tata Mutual Funds, and Ajax Engineering, and has expanded into the UAE through partnerships with Al-Wathba and Aster Healthcare. Slangit brings deep regional expertise in Arabic voice and conversational technologies, with deployments across voice, chat, and IVR platforms. Karan Ahuja, Co-founder and CEO of AiVANTA, said, "This partnership is a game-changer for AI-driven multimedia communication in the Middle East." Rabih Chehade, Founder and CEO of Slangit Technologies, added, "Together, we're delivering seamless, localized experiences that redefine customer engagement across the Arabic-speaking market." SOURCE AiVANTA
Zawya
29 minutes ago
- Zawya
Kuwait's MRC to start operations at steel recycling plant in 2025
The steel recycling plant of Kuwait-based Metal Recycling Company (MRC) is under construction and expected to begin operations this year. The disclosure was made in Kuwait- and Dubai-listed Agility Public Warehousing Company's sustainability report 2024. Once operational, the plant will have the capacity to recycle about 60,000 tonnes of scrap metal annually, thereby avoiding 20,000 to 90,000 tonnes of CO2e emissions each year. The company operates four out of five of Kuwait's medical incineration facilities, collectively processing 40 tonnes of waste daily — around 14,600 tonnes each year. MRC has also obtained a license for recycling used batteries, with operations set to start in 2025, the report stated. In 2024, the company was awarded a letter of award from the Kuwait National Petroleum Company to build a new spent catalyst metal reclamation facility in Kuwait. The facility will treat and reclaim precious metals from spent catalysts using a zero-waste process, reducing both the cross-border transportation of hazardous waste and its associated carbon footprint. The facility is expected to be operational in the coming years, the report added. (Writing by P Deol; Editing by Anoop Menon) (
Zawya
29 minutes ago
- Zawya
Transguard Group announces historic year-end results of AED 3.2bln
Dubai, United Arab Emirates – Transguard Group, the UAE's leading business solution's provider, today announced record financial results for the year ended 31st March 2025. Total revenues were AED 3.2 billion, compared to AED 2.7 billion last year; Transguard's profit before tax increased by 30.4% to AED 265 million. 'These impressive results represent the dedication and commitment of our 67,000 employees,' said Rabie Atieh, Chief Executive Officer, Transguard Group. 'We set out with a very specific strategy: to intentionally disrupt our market sectors with positive innovation. Our clients are thriving now more than ever because we're facilitating their growth with a renewed sense of collaboration, which is underscored by the diversity of our service offering. This, in turn, enables us to be their reliable partner in each and every circumstance.' Nick Beer, Chief Financial Officer, Transguard Group, echoed these sentiments: 'These results could not have been delivered without every one of our employees pulling together and driving home our renewed strategy backed up by our rock-solid fundamentals with the aim of delivering sustainable value accretion for all our stakeholders,' he stated. Over the last financial year, Transguard Group has made significant shifts in its company culture, embarked on exciting strategic partnerships and aligned itself even more closely with various governmental bodies. As a result, the business solutions provider has played a key role in various initiatives brought forth by the country's leadership. 'As we look ahead, our journey is far from over. Building on the momentum of the past year, we will actively explore new avenues that will see Transguard diversifying into next-generation managed services solutions that are not only agile and tech-enabled, but also aligned with the nation's broader ambitions for sustainable, secure and future-ready growth. These strategic moves are designed to deliver even greater value to our shareholders, clients and partners, while reinforcing our commitment to supporting the UAE's vision of a resilient, innovation-driven economy,' Rabie concluded. To learn more about how each division of Transguard Group has grown, download the FY24/25 annual report: About Transguard Group Offering flexible solutions for all of the UAE's staffing needs since 2001, Transguard Group is the region's most trusted expert in security, facilities management, cash services and white-collar staffing, and more. With an annual turnover of AED 3.2 billion in FY24/25, Transguard's expertise is in supplying the right people for its clients, precisely when and where they're needed. To learn more, visit For media queries Lena ter Laare Director – Marketing, Communications & CSR Mobile: +971 50 899 7953
