Post by : Bianca
Haleem
The Dubai Electricity and Water Authority (DEWA) has announced exceptional financial results for Q1 2026, showing significant growth in demand for its electricity, water, and cooling services throughout Dubai.
In this quarter, DEWA achieved a revenue of AED 6.45 billion, with an EBITDA of AED 2.88 billion, an operating profit of AED 1.29 billion, and a net profit reaching AED 0.94 billion. This marks an impressive nearly 90% rise in consolidated net profit compared to the previous year.
Standalone net profit for the first quarter stands at AED 1.05 billion, reflecting a year-on-year increase of 55.8%.
HE Saeed Mohammed Al Tayer, Vice Chairman and MD & CEO of DEWA, emphasized the company’s dedication to innovation and sustainability, aligning with Dubai’s Net Zero 2050 strategy under the esteemed leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum and his colleagues.
Al Tayer highlighted that DEWA's robust performance underscores the resilience of Dubai's economy and the company’s commitment to operational excellence and sustainable shareholder value.
During the first quarter, DEWA produced a record 11.09 terawatt-hours (TWh) of electricity, representing a 5.65% increase over Q1 2025. Clean energy contributions reached 2.06 TWh, comprising 18.5% of the overall electricity generation.
Additionally, DEWA achieved record desalinated water production volumes of 37.57 billion imperial gallons (BIG), up 5.51% compared to last year.
The utility expanded its customer base by adding 19,803 new accounts this quarter, leading to a total addition of 65,086 customer accounts over the past year—a growth of 5.08%.
At the end of Q1 2026, DEWA's installed power capacity reached 17,979 megawatts (MW), with 3,860 MW derived from clean energy sources, constituting 21.5% of its total energy portfolio.
The commissioning of Block A of the Hassyan Sea Water Reverse Osmosis Plant added 60 million imperial gallons per day (MIGD) to the desalination capacity, bringing DEWA’s total desalination capacity to 555 MIGD, with SWRO accounting for 23% of the total water production.
Looking ahead, DEWA anticipates an additional 120 MIGD of SWRO capacity to be integrated in 2026.
On the infrastructure side, Q1 also saw the commissioning of two 132kV substations and improvements to the 11-6.6kV network with 400 substations.
DEWA is also advancing its EV Green Charger network, which has grown to include 2,223 charging stations across Dubai, in collaboration with various public and private entities.
The utility forecasts a minimum annual dividend of AED 6.2 billion under its dividend policy, which began in October 2022, payable in April and October each year.
On April 20, 2026, DEWA distributed AED 3.1 billion in dividends for the second half of 2025, with plans for another AED 3.1 billion dividend in October 2026, pending necessary approvals.
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