Dubai Electricity and Water Authority PJSC (DEWA) has announced its financial results for the first quarter of 2025, reporting a record quarterly revenue of AED 5.96 billion and net cash from operations amounting to AED 3.85 billion. The company recorded an EBITDA of AED 2.43 billion, operating profit of AED 838 million, and net profit of AED 496 million.
“DEWA is committed to be an innovative and sustainable corporation inspired by the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum,” stated HE Saeed Mohammed Al Tayer, Vice Chairman and MD & CEO of DEWA. He emphasized the company’s role in Dubai’s journey toward achieving Net Zero by 2050.
The revenue growth was driven by increased demand for electricity, water, and cooling services, marking a year-on-year increase of 2.83%. Net cash flow from operations also saw significant growth with a rise of 17.86% compared to the same period last year.
In terms of operational performance, DEWA generated a record power output of 10.50 TWh in Q1 2025, with clean power generation contributing 1.86 TWh or approximately 17.7% to this total. Desalinated water production reached a new high at 35.61 BIG during this quarter.
The company’s customer base expanded by adding over eleven thousand accounts in Q1 alone, culminating in an annual growth rate of approximately 3.7%.
By March-end, DEWA’s installed generation capacity stood at 17,579 MW with clean energy sources accounting for about one-fifth of this capacity at around 3,460 MW.
Looking ahead to infrastructure expansion plans by the year 2030, DEWA aims to boost its desalination capacity using seawater reverse osmosis technology significantly.
In line with its dividend policy established since October 2022 where it commits paying out no less than AED6 .2 billion annually over five years; recently on April tenth half-year dividends totaling three point one billion were distributed based upon previous records dated third April twenty-twenty-five while future distributions await necessary approvals scheduled tentatively next October covering H1-2025 period respectively
Further details regarding audited financials are accessible via either official website links provided earlier
