03/04/2026 08:52 AST
Dubai Electricity and Water Authority (Dewa) said its shareholders approved a dividend of AED3.1 billion ($844 million)for the second half of 2025 at the Annual General Assembly (AGM) held on Thursday. This comes following a solid operational and financial performance by Dewa last year which netted an annual revenue of AED32.8 billion ($8.9 billion).
The announcement was made at a virtual meeting, held under the leadership of its Chairman Majid Hamad Rahma Al Shamsi which was attended by the Managing Director and CEO Saeed Mohammed Al Tayer as well as other board members, and shareholders.
The AGM gave the go-ahead to Dewa board's recommendation regarding the distribution of a cash dividend amounting to AED3.1 billion (6.2 fils per share) for the second half of 2025, which is intended to be paid to the company's eligible shareholders in April 2026. The record date shall be April 13.
Al Shamsi said in 2025, Dewa continued to deliver strong operational and financial results, driven by sustained growth in demand for electricity, water and cooling services, alongside investments in clean energy projects and digital infrastructure.
Its consolidated annual revenue increased by 6.02% to AED32.84 billion in 2025, primarily driven by rising demand for electricity, water and cooling services. The group's annual profit after tax increased by 25.2% to AED9.06 billion compared to the previous year.
The company's growth is underpinned by robust strategic planning, sound governance and a strong ability to adapt to rapidly evolving global changes.
Speaking on the occasion, Al Tayer said 2025 marked a significant milestone in Dewa's journey, with the group recording unprecedented revenue of AED32.8 billion ($8.9 billion) ebitda of AED17.3 billion and an operating profit of nearly AED11 billion for the first time.
Net profit after tax reached AED9.06 billion, covering an annual dividend of AED6.2 billion, approximately 1.5 times.
The rapid growth in demand for Dewa's services reflects the robust growth of Dubai's economy.
Electricity peak demand grew by 5.8% to 11,391MW, and water daily peak demand increased by 7% to 487 million imperial gallons per day (MIGD) compared to the previous year.
Dewa said it continues to pursue higher levels of excellence across all activities, especially driving the green energy agenda and promoting Dubai's progress to Net Zero by 2050.
In this regard, the MBR Al Maktoum Solar Park, with an original plan of 5,000 MW on a single site, is now targeting a capacity of 8,000 MW by 2030. Out of Dewa's total current installed power capacity of 17,979 MW at the end of 2025, clean energy capacity accounted for 21.5%, stated Al Tayer.
"We expect this to reach 36% by 2030, avoiding over 8.5 million tonnes of carbon emissions annually," he added.
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