2 days ago
TAQA reports Dh3.7 billion net income in H1 2025
14 Aug 2025 10:48
ABU DHABI (WAM)Abu Dhabi National Energy Company PJSC (TAQA) on Thursday announced its financial results for the first half of 2025. The group delivered a 4.5 per cent year-on-year increase in revenue for H1 2025, reaching Dh28.4 billion. This growth was led by higher pass-through costs in the Transmission & Distribution (T&D) reached Dh10.2 billion, while net income stood at Dh3.7 billion. Underlying profitability in TAQA's core utilities businesses remained Hassan Alsuwaidi, Minister of Investment and Chairman of TAQA, said, 'TAQA continues to deliver across its core businesses and new growth markets, reflecting the strength of its long-term strategy."He added that during the first half of the year, the group advanced its position as a critical enabler of infrastructure development, within the UAE and stated, "As the business evolves, our focus remains on disciplined execution and creating lasting value for shareholders, while supporting the broader energy transition and economic diversification goals of the UAE and the markets we operate in.'Jasim Husain Thabet, TAQA's Group Chief Executive Officer and Managing Director, said, 'TAQA's performance in the first half of 2025 reflects the strength of our integrated utility model and ability to consistently deliver value in dynamic market conditions. Despite headwinds, we continued to make tangible progress on priority projects across generation, water and transmission, increasing system flexibility and expanding our global portfolio.'The group reduced its gross debt position to Dh61.7 billion, enabled by scheduled repayments and the maturity of a corporate bond. At the same time, TAQA accelerated investment in future capacity, with Dh5.2 billion in capital expenditure directed toward flexible generation, transmission upgrades and strategic desalination ahead, TAQA remains focused on advancing its strategic priorities, expanding low-carbon power and water solutions, strengthening grid infrastructure, and enabling energy transition across its markets.
The group continues to support national decarbonisation goals while delivering reliable returns to shareholders through disciplined execution and long-term investment.
