Abu Dhabi - Mubasher: The net income attributable to the shareholders of Abu Dhabi National Energy Company (TAQA) remained stable at AED 2.15 billion in the first quarter (Q1) of 2026.
Total revenues hit AED 13.73 billion in Q1-26, compared to AED 14.10 billion a year earlier, according to the financial results.
Basic and diluted earnings per share (EPS) attributable to the equityholders reached AED 0.02 at the end of March 2026.
In Q1-26, the group’s shareholders elected a new board of directors, with Jassem Mohammed bu Ataba Al Zaabi appointed as the Chairman.
The board members also approved interim dividends valued at AED 0.80 per share, equivalent to AED 899 million, for Q1-26.
CEO of TAQA, Jasim Husain Thabet, commented: “TAQA maintained stable operations and delivered resilient results despite the external environment. As a national champion as well as an international utility industry leader, our priorities throughout this period have been the safety and well-being of our people, alongside ensuring the continued delivery of essential power and water to the millions of people who depend on us.
“In the UAE, we progressed strategic projects that support industrial growth, enable the energy transition, and reinforce and future-proof our infrastructure,” Thabet mentioned.
He added: “Internationally, we are making progress with our planned acquisition of GS Inima, the development of our projects in Morocco and Saudi Arabia as well as through support for the continued growth of Masdar as their largest shareholder.”
