Dubai – Mubasher: Dubai Electricity and Water Authority (DEWA) posted 8.18% year-on-year (YoY) higher revenues at AED 6.45 billion in the first quarter (Q1) of 2026, compared to AED 5.96 billion.
Basic and diluted earnings per share (EPS) climbed to AED 0.018 in Q1-26 from AED 0.010 in Q1-25, according to the financial results.
The company logged net profits totaling AED 941.06 million as of 31 March 2026, up YoY from AED 495.63 million.
The Managing Director and CEO of DEWA, Saeed Mohammed Al Tayer, said: “DEWA delivered an exceptional start to 2026, achieving its highest-ever first-quarter revenue, EBITDA, operating profit, and net profit. Consolidated net profit for Q1 increased by nearly 90% compared with the same period last year, while clean energy accounted for 18.50% of total power generated during the quarter.
“We had a record quarterly revenue of AED 6.45 billion, EBITDA of AED 2.88 billion, operating profit of AED 1.29 billion and net profit of AED 904 million,” Al Tayer added.
He noted: “Amid a challenging geopolitical backdrop, our record performance reflects the continued strength of Dubai’s economy, sustained demand for electricity, water and cooling services, and our disciplined focus on operational excellence, sustainability and long-term shareholder value.”
“We paid dividend of AED 3.10 billion in April 2026 for H2-25 and, subject to the necessary approvals, expect to make our next dividend payment of AED 3.10 billion in October 2026 for H1-26,” the CEO mentioned.
The DFM-listed group recorded 25.66% YoY higher consolidated profit at AED 9.09 billion in 2025, compared to AED 7.23 billion.
