DEWA Reports Strong Q1 2025 Financial Results

The Dubai Electricity and Water Authority (DEWA), listed on the Dubai Financial Market (DFM), reported its first quarter 2025 consolidated financial results, achieving a quarterly revenue of AED5.96 billion.

Key Financial Highlights

• EBITDA: AED2.43 billion
• Operating Profit: AED838 million
• Net Profit: AED496 million
• Net Cash from Operations: AED3.85 billion
• Closing Cash and Cash Equivalents: AED8.17 billion

This represents an increase of AED2.07 billion compared to the year-end 2024 balance.

Commitment to Sustainability

“DEWA is committed to being an innovative and sustainable corporation inspired by the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum and other leaders in Dubai,” stated Saeed Mohammed Al Tayer, Vice Chairman and MD & CEO of DEWA. “We are progressing towards our goal of Net Zero by 2050 while playing a critical role in Dubai’s rapid development.”

Growth and Investment

DEWA witnessed consistent growth in demand for its services, with revenue increasing by 2.83% compared to the same quarter in the previous year. Notably, net cash flow from operations rose to AED3.85 billion, an increase of 17.86%.

During this quarter, DEWA invested AED2.26 billion in infrastructure, primarily related to its energy transition strategy. By 2030, DEWA expects total installed generation capacity to reach 22 GW, with 7.5 GW sourced from clean energy, increasing the clean energy target from the original 25% to 34%.

Operational Achievements

In Q1 2025, DEWA generated a record 10.50 TWh, reflecting a 2.83% increase compared to the previous year. Clean power generation reached 1.86 TWh, contributing 17.7% to overall power generation. Additionally, desalinated water production hit 35.61 BIG, showcasing a 4.56% increase during the same period.

DEWA also expanded its customer base, adding 11,614 customer accounts in the quarter, leading to an annual growth of 3.7% with a total increase of 57,339 accounts over the last twelve months.

Future Goals

By the first quarter of 2025, DEWA’s system installed generation capacity reached 17,579 MW, with clean energy sources comprising 20% of this capacity. By 2030, DEWA plans to add 240 MIGD of desalination capacity, utilizing seawater reverse osmosis technology, bringing total installed desalination capacity to 735 MIGD.

In addition, DEWA commissioned two 132kV substations and 441 11-6.6 kV substations during the quarter, further enhancing its infrastructure.