generality "Dewa" It approves the distribution of profits of 3.1 billion dirhams for the second half of 2025

DUBAI, 2nd April, 2018 (WAM) – Dubai Electricity and Water Authority (DEWA) announced that its shareholders have approved the distribution of total dividends worth 3.1 billion dirhams for the second half of 2025 to eligible shareholders, during the authority’s annual general assembly meeting, which was held today.

The meeting, which was held in person at the Kempinski Hotel The Boulevard Dubai, with remote attendance also available, was chaired by His Excellency Majid Hamad Rahma Al Shamsi, Chairman of the Authority’s Board of Directors, in the presence of His Excellency Saeed Mohammed Al Tayer, Vice Chairman of the Board of Directors and Managing Director and CEO of DEWA, ​​and members of the Board of Directors, with the participation of 91.53% of shareholders.

The General Assembly approved the Board of Directors’ recommendation to distribute cash dividends worth 3.1 billion dirhams, equivalent to 6.2 fils per share, for the second half of 2025, to be disbursed to eligible shareholders during the month of April, provided that the shareholder is registered in the shareholder registry no later than Monday, April 13, 2026.

His Excellency Majid Hamad Rahma Al Shamsi said: “Thanks to the vision and directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, may God protect him, Dubai continues to consolidate its position as a leading global center for finance, business and tourism, and an advanced model in innovation, sustainable development and attractiveness of investments, based on solid strategic planning, good governance, and a high ability to adapt to accelerating global changes.”

During the year 2025, the Authority continued to achieve strong operational and financial results driven by continued growth in demand for electricity, water and cooling services, in addition to the expansion of qualitative investments in clean energy projects and digital infrastructure.

The Authority also strengthened its global leadership in key performance indicators for service companies, maintaining record levels of reliability and operational efficiency.

DEWA’s combined annual revenues for 2025 increased by 6.02% to reach 32.84 billion dirhams, mainly driven by increased demand for electricity, water and cooling services. The group’s annual net profit after taxes increased by 25.17% to reach 9.06 billion dirhams compared to the previous year.

For his part, His Excellency Saeed Mohammed Al Tayer said: “Thanks to the wise vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, may God protect him, and the directives of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, Chairman of the Executive Council of the Emirate of Dubai, and His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, the Electricity and Water Authority continues to… Dubai’s firm commitment to excellence, sustainability and sustainable growth.”

His Excellency added: “The year 2025 was a milestone in DEWA’s journey, as the group recorded unprecedented revenues amounting to 32.8 billion dirhams, earnings before interest, taxes, depreciation and amortization amounted to 17.3 billion dirhams, and operating profits that approached 11 billion dirhams for the first time. The net profit after tax amounted to 9.06 billion dirhams, which covers the annual dividend distribution of 6.2 billion dirhams.” About one and a half times. The rapid growth in demand for our services reflects the strong growth of Dubai’s economy, as peak demand for electricity increased by 5.8% to reach 11,391 megawatts, and daily water demand increased by 7% to reach 487 million gallons per day compared to the previous year.”

He continued: “Inspired by the vision and directives of our wise leadership, DEWA continues its journey to achieve higher levels of excellence in all its activities, especially in promoting the green energy agenda and supporting Dubai’s march towards carbon neutrality by 2050. In this context, the Mohammed bin Rashid Al Maktoum Solar Park, whose initial plans amounted to 5,000 megawatts in one location, aims to reach 8,000 megawatts by the year 2030. Of the Authority’s total installed production capacity, which amounted to 17,979 megawatts by the end of 2025, clean energy production capacity represented 21.5% and is expected to reach 36% by 2030, which will contribute to avoiding more than 8.5 million tons of carbon emissions annually.”

His Excellency Saeed Al Tayer said: “We have succeeded in attracting leading international institutions to Dubai through the independent energy and water producer model to produce electricity and water sustainably at the lowest prices in the world. The total investments in infrastructure to date have exceeded 237 billion dirhams. During 2025, we invested 11.8 billion dirhams mainly to enhance renewable energy production and expand transmission and distribution networks. This was necessary to serve our growing customer base, as about 57,000 new electricity and water accounts were added in In 2025, the total number of accounts will exceed 1.3 million accounts. The efficiency of our network is demonstrated by the percentage of losses in the electricity network (2%), the losses in the water network (4.4%), and the average power outage per subscriber per year, which amounted to only 0.82 minutes, all of which are the lowest in the world.”

His Excellency added: “DEWA has always been a pioneer in employing digital processes and artificial intelligence to enhance efficiency, reduce costs, ensure the security and reliability of services, and improve customer experience. This strategy has proven successful, as DEWA today ranks first globally in 13 key performance indicators, and two regional indicators in the fields of production, transportation, distribution, and customer service. I have full confidence that DEWA will maintain its global reputation, achieve more technical excellence, and record exceptional financial results that meet and exceed the expectations of all concerned.”

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