DEWA posts record H1 net profit of AED 3.33 billion

Dubai Electricity and Water Authority (DEWA) has reported a record net profit of AED 3.33 billion (about $907 million) for the first half of 2026, a 15.02 percent increase on the same period last year. Consolidated revenue also reached a record AED 14.86 billion, as sustained demand for electricity, water, and cooling services, continued customer growth, and disciplined operational performance drove the Dubai-listed utility’s results.

All four headline measures — revenue, EBITDA, operating profit, and net profit — reached their highest-ever levels for a first half:

“DEWA delivered record results in the first half of 2026, achieving its highest-ever first-half revenue, EBITDA, operating profit and net profit,” said Saeed Mohammed Al Tayer, Vice Chairman and MD & CEO of DEWA.

Demand, customers and clean energy

In the second quarter of 2026, DEWA generated 15.78 terawatt-hours (TWh) of electricity, of which clean power accounted for 3.14 TWh, or 19.9 percent of total generation. Desalinated water production reached 40.25 billion imperial gallons over the quarter, during which the utility added 18,220 customer accounts. Over the twelve months to 30 June 2026, total customer accounts rose by 72,718, annual growth of 5.63 percent.

By the end of the first half, DEWA’s installed generation capacity stood at 17,979 megawatts (MW), including 3,860 MW from clean energy sources — 21.5 percent of the energy mix. The utility also commissioned Block A of the Hassyan Sea Water Reverse Osmosis (SWRO) plant, adding 60 million imperial gallons per day (MIGD) of capacity. SWRO facilities now make up 23 percent of DEWA’s total desalination capacity, and the company expects to add a further 120 MIGD during 2026.

Dividend

Al Tayer said the results reflect the continued strength of Dubai’s economy and the resilience of DEWA’s business model. Subject to the necessary approvals, the utility expects to distribute a further AED 3.1 billion dividend in October 2026 for the first half. Under its dividend policy, DEWA anticipates paying a minimum annual dividend of AED 6.2 billion during the first five years starting from October 2022, made in semi-annual instalments in April and October.

“These results reflect the continued strength of Dubai’s economy, the resilience of DEWA’s business model and our commitment to sustainability, operational excellence and long-term shareholder value,” Al Tayer added.

Source: DEWA; WAM (Emirates News Agency). Dubai, August 12, 2026. Figures are for the first half of 2026 unless otherwise stated.