2.46 billion dirhams in revenue " refrigeration" During 2025
Abu Dhabi, February 13, 2025 – The National Central Cooling Company “Tabreed” announced today its financial results for the year ending December 31, 2025, recording revenues of 2.46 billion dirhams and net profits of 465 million dirhams. The results reflect the continued solidity of operational performance, the record expansion of its scope, and discipline in implementing capital strategies.
Total operating capacity increased by 19% year-on-year to reach 1.57 million refrigeration tons as of December 31, 2025, driven by strong organic growth and strategic acquisitions.
Excluding the impact of mergers and acquisitions, operating capacity growth was 4.4% year-on-year, which is close to the upper end of the guidance range set by the company.
Natural additions to operational capacity reached 58,200 refrigeration tons during the year 2025, which is the highest level achieved during the past five years, mainly supported by new connections in the UAE.
Tabreed completed the construction and operation of three completely new stations during the year, bringing the total number of the group’s stations in operation to 99 stations in operation. The company maintained high rates of operational readiness and efficiency throughout the year, which reflects Tabreed’s investment in innovative technologies and proactive asset management.
The group’s revenues increased by 1% year-on-year to reach 2.46 billion dirhams, and the volume of consumption reached 2.62 billion refrigeration tons per hour, recording a slight decrease of 1% year-on-year as a result of relatively colder weather conditions, which confirms the strength of the business model based on fixed capacity fees despite the climate impacts on consumption revenues.
EBITDA also increased by 2% year-on-year to reach AED 1.27 billion, with a profit margin of 51.6%, supported by operational discipline and enhanced efficiency.
The company’s net profits for the fiscal year 2025 amounted to about 465 million dirhams, which reflects the company’s continued operational strength.
Dr. Bakhit Al Kathiri, Chairman of Tabreed’s Board of Directors, said that 2025 was a transformative year for Tabreed, marked by major strategic achievements that strengthened its operational platform in the medium and long term. He pointed out that the acquisition of Pal Cooling and the Palm Jebel Ali concession project contributed to deepening the company’s presence in its core markets and expanding the scope of its operations.
He added that at the company’s business level, the work teams continued to achieve outstanding performance for customers, while enhancing investment in advanced systems and infrastructure that will support the next stage of the company’s growth. As a leading national company in the district cooling sector, it is proud to support the UAE’s goals to enhance energy efficiency, as our focus continues on achieving growth based on operational capacity and long-term benefits, and creating sustainable value for its shareholders and stakeholders.
The Board of Directors recommended distributing a final dividend of 6.5 fils per share for the second half of 2025, bringing the total annual dividend to 13 fils per share. This represents a distribution ratio of 71% of adjusted net profits for the year 2025, in line with historical levels despite the significant investments made by Tabreed to secure its long-term growth.
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