Dubai Electricity and Water Authority (DEWA) has posted its strongest-ever half-year financial results, as rising demand and operational efficiency boosted revenue and profit to new highs.
The state-owned utility, listed on the Dubai Financial Market, reported revenue of AED 14.6 billion ($4 billion) for the first half of 2025, a year-on-year increase of 6.9%. Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 5.3% to AED 7.0 billion, while net profit climbed 13.2% to AED 2.9 billion.
Operating cash flow reached a record AED 9.2 billion, up 61.3% compared with the same period in 2024. The company also approved a half-year dividend of AED 3.1 billion, payable in October.
HE Saeed Mohammed Al Tayer, DEWA’s Vice Chairman and Managing Director & Chief Executive, described the results as “a reflection of disciplined execution, growing demand, and our commitment to operational excellence.”
“We are proud to report DEWA’s strongest-ever financial results for both the second quarter and first half of 2025,” Al Tayer said. “Our results demonstrate the resilience of our model and the ability to generate strong returns while advancing Dubai’s sustainable development.”
Al Tayer linked the company’s performance to the UAE’s broader development strategy, highlighting the leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and the guidance of senior Dubai government officials.
DEWA continues to play a central role in Dubai’s Net Zero Carbon by 2050 initiative, with over AED 230 billion invested in infrastructure to date. The company has built an international reputation for operational efficiency, claiming the top global position in several sector benchmarks.
“Our focus is on consistent value creation for stakeholders, supported by Dubai’s economic growth, our robust business model, and world-leading operational standards,” Al Tayer added.
The record performance comes amid continued expansion in Dubai’s population and economy, driving higher demand for electricity and water. DEWA’s investments include renewable energy projects, advanced water desalination technology, and smart grid systems, which are designed to reduce costs and improve sustainability.
The utility’s share price has reflected investor confidence since its listing, and analysts expect steady dividend payouts to remain a central attraction for shareholders.
Founded in 1992, DEWA is Dubai’s exclusive provider of electricity and water services. The company serves more than one million customers and operates a diversified energy mix that includes solar power, with plans to increase the share of renewables in its production capacity to 100% by 2050.
With its latest results, DEWA reinforces its position as one of the most profitable and strategically important utilities in the region, underpinning Dubai’s ambitions to combine rapid economic growth with environmental sustainability.
