"energy" A clear income of 3.7 billion dirhams is recorded in the first half
Abu Dhabi, August 14/ WAM/ The National Energy National Energy Company, “Taqah”, announced its financial results for the six -month period ending June 30, 2025.
The company achieved a growth in revenue by 4.5% on an annual basis during the first half of 2025, to reach 28.4 billion dirhams, and this growth is mainly due to the high levels of passes in transportation and distribution.
The modified profits before calculating benefits, taxes, consumption and extinguishing on an annual basis amounted to 10.2 billion dirhams, while net income reached 3.7 billion dirhams, while profitability in the facilities sector remained strong, which is the main business sector in “Energy”.
His Excellency Mohamed Hassan Al -Suwaidi, Minister of Investment, Chairman of the Board of Directors in “Taqah”, said that “Taqah” continues to perform across its basic business sectors and new growth markets, which reflects the strength of its long -term strategy.
He added that during the first half of this year, the group established its site as a vital body to enable the infrastructure development process within the United Arab Emirates and internationally.
He pointed out that besides sustainable investment in the infrastructure of the local energy and water sector, the growing “energy” of the international markets, including its plans to expand its projects in Morocco, enhances its commitment to providing reliable and highly efficient supply for electricity and water on a large scale.
His Excellency said that with the progress made by “Energy”, its focus remains on the disciplined implementation of its strategy, and to achieve a long -term value for its shareholders, while continuing to provide support for the transformation process in the energy sector, and the goals of economic diversification in the UAE and the international markets in which it is active.
For his part, Jassim Hussein Thabet, CEO of the group and the managing director of “Taqah”, said that the performance of “Taqah” during the first half of 2025 reflects the strength of its integrated business model in the utility sector, and its ability to achieve value continuously in a dynamic market.
He added that despite the challenges, “Taqah” continued to make tangible progress in priority projects in the sectors of generating and transporting electricity and water, which strengthened the flexibility of systems and expanded its global portfolio.
These achievements are important steps to consolidate the position of “energy” as a reliable partner for energy and water on a large scale, regionally and globally.
The group reduced its total debt to 61.7 billion dirhams, through the scheduled payment and the entitlement of institutional bonds, and at the same time, “Taqah” accelerated its investments in future projects, and its capital expenses amounted to 5.2 billion dirhams, which were allocated to flexible operations to generate electricity, promoting transportation networks, and strategic water desalination projects.
Looking at the future, the focus of “energy” remains a position to make progress towards achieving its strategic priorities, expanding low carbon solutions for electricity and water, enhancing network infrastructure, and enabling the transformation in the energy sector in its various markets, while the group continues to support the efforts to implement the national carbon removal goals, while achieving strong returns for shareholders by following a disciplined approach in implementing its strategy And long -term investment.
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