Dubai – Mubasher: Emirates Central Cooling Systems Corporation (Empower) achieved 44% higher net profits after tax at AED 208.48 million in the first quarter (Q1) of 2026, versus AED 144.81 million in Q1-25.
The revenues grew by 16.80% to AED 630.57 million in Q1-26 from AED 539.95 million a year earlier, according to the financial results.
Basic and diluted earnings per share (EPS) increased to AED 0.02 in the first three months (3M) of 2026 from AED 0.01 in Q1-25.
Empower CEO Ahmad bin Shafar commented: “The exceptional performance in revenue and net profit during Q1-26 was driven by higher capacity additions and a reduction in operational costs, supported by a well-planned expansion strategy and the sustained increase in demand for district cooling services across Dubai.”
“We continue to invest in innovation and adopt global best practices, thereby strengthening our ability to deliver sustainable added value to our shareholders, support the transition to a low-carbon economy, and reinforce Empower’s global leadership in the district cooling sector,” he added.
In March, Empower’s annual general meeting (AGM) approved the board’s proposal to distribute cash dividends of AED 437.50 million to shareholders for the second half (H2) of 2025.
