DUBAI, United Arab Emirates (GDM) — Dubai Electricity and Water Authority PJSC reported record financial results for 2025 on Monday, with annual revenue climbing 6% to 32.84 billion dirhams ($8.94 billion) amid surging demand for power and water in the emirate.
The utility, known as DEWA and listed on the Dubai Financial Market, said its EBITDA rose 10.5% to 17.37 billion dirhams ($4.73 billion), while operating profit jumped 18% to 10.99 billion dirhams ($2.99 billion). Net profit after tax surged 26% to 9.09 billion dirhams ($2.47 billion), marking the highest figures in the company’s history, according to preliminary and unaudited results.
DEWA attributed the gains to robust growth in electricity, water and cooling services, with annual power generation reaching a record 62.21 terawatt-hours, up 5% from 2024. Clean power production soared 52% to 10.10 terawatt-hours, accounting for 16% of total output and supporting the UAE’s net-zero emissions goal by 2050.
Peak power demand hit 11.39 gigawatts, a 6% increase, while desalinated water demand grew 7% to 161.505 billion imperial gallons. Daily peak water demand reached 487 million imperial gallons.
“We are committed to the highest standards of excellence and sustainability,” said Saeed Mohammed Al Tayer, DEWA’s managing director and CEO, crediting guidance from UAE leaders including Sheikh Mohammed bin Rashid Al Maktoum, the vice president and prime minister, and Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the crown prince.
In the fourth quarter, revenue increased 6.5% to 7.92 billion dirhams ($2.16 billion), with EBITDA up 6% to 4.22 billion dirhams ($1.15 billion). Operating profit rose 8% to 2.66 billion dirhams ($724 million), and net profit after tax climbed 28% to 2.26 billion dirhams ($615 million).
Quarterly power generation totaled 14.24 terawatt-hours, including a 38% jump in clean energy to 2.18 terawatt-hours. Desalinated water demand rose 5% to 40.55 billion imperial gallons.
DEWA invested 11.72 billion dirhams ($3.19 billion) in 2025 to expand renewable energy, desalination and networks. Installed generation capacity grew 5% to 17,979 megawatts, with 3,860 megawatts from clean sources.
The company added nearly 57,000 customer accounts, bringing the total to more than 1.3 million, a 4.5% increase.
DEWA said its net profit covers its annual dividend of 6.2 billion dirhams ($1.69 billion) by about 1.5 times, underscoring a stable payout for investors.
The results reflect Dubai’s rapid development, with DEWA emphasizing sustainable growth and operational efficiency while reducing its environmental impact.
