DEWA Reports Record Q1 2026 Revenue of AED 6.45 Billion and 90% Profit Surge in Dubai

Dubai Electricity and Water Authority PJSC (DEWA), the sole provider of electricity and water services in Dubai, announced its consolidated financial results for the first quarter of 2026 on Tuesday. The authority reported a record quarterly revenue of AED 6.45 billion, with an EBITDA of AED 2.88 billion, operating profit of AED 1.29 billion, and a net profit of AED 0.94 billion.

Commitment to Innovation and Sustainability

Saeed Mohammed Al Tayer, Vice Chairman and Managing Director & CEO of DEWA, emphasized the organization’s commitment to innovation and sustainability. He noted that DEWA is guided by the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, along with the directives of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, and His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai.

Al Tayer stated that DEWA is on a path towards achieving net-zero carbon emissions by 2050, reinforcing its role in supporting Dubai’s development. He highlighted that DEWA experienced an exceptional start to 2026, achieving record figures in revenue, EBITDA, operating profit, and net profit for the first quarter. The consolidated net profit surged nearly 90% compared to the same period last year, with clean energy contributing 18.5% to total power generation.

Dividend Distribution

In alignment with its dividend policy, DEWA anticipates paying a minimum annual dividend of AED 6.2 billion over the first five years starting from October 2022, with distributions occurring semi-annually in April and October. The company held its Annual General Assembly on April 2, 2026, and distributed AED 3.1 billion in dividends for the second half of 2025 to shareholders of record as of April 13, 2026. A further dividend of AED 3.1 billion for the first half of 2026 is expected in October 2026, pending approvals.

Operational Performance Highlights

During the first quarter of 2026, DEWA’s total power generation reached 11.09 terawatt hours (TWh), reflecting a 5.65% increase compared to the same period in 2025. Clean energy generation accounted for 2.06 TWh, or 18.5% of total production. The total desalinated water production reached a record 37.57 billion imperial gallons, marking a 5.51% increase.

The number of customer accounts rose by 19,803 during the quarter, with a total increase of 65,086 accounts over the past 12 months, representing an annual growth rate of 5.08%.

Capacity Expansion and Infrastructure Development

By the end of the first quarter of 2026, DEWA’s installed power generation capacity reached 17,979 megawatts (MW), including 3,860 MW from clean energy sources, which constitutes 21.5% of the energy mix. The authority also commissioned Unit A of the Hassyan seawater reverse osmosis desalination plant, adding 60 million imperial gallons per day (MIGD) to its total desalinated water capacity. Reverse osmosis now accounts for 23% of the total water production capacity, with plans to add an additional 120 MIGD using this technology during 2026.

Additionally, DEWA commissioned two 132 kV substations and 400 substations (11–6.6 kV) during the quarter. The number of electric vehicle charging points reached 2,223 by the end of the first quarter of 2026, including DEWA’s Green Charger stations and those operated by licensed independent operators in collaboration with public and private sector entities.

As reported by www.emirates247.com.

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Published on 2026-05-12 13:58:00 • By FAME Delivered News Desk