Abu Dhabi, United Arab Emirates – Abu Dhabi National Energy Company “Taqa” announced its financial results for the six-month period ending June 30, 2025.
The company achieved revenue growth of 4.5% year-on-year during the first half of 2025, reaching AED 28.4 billion. This growth is primarily due to higher passing costs in the transportation and distribution business.
Adjusted earnings before interest, taxes, depreciation and amortization on an annual basis amounted to AED 10.2 billion, while net income amounted to AED 3.7 billion, while profitability in the utilities sector, the main business sector in “Taqa”, remained strong.
His Excellency Mohammed Hassan Al Suwaidi, Minister of Investment and Chairman of the Board of Directors of Taqa, said that Taqa continues its performance across its core 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 itself as a vital entity enabling infrastructure development within the United Arab Emirates and internationally.
He pointed out that in addition to sustainable investment in infrastructure for the local energy and water sector, Taqa’s growing presence in international markets, including its plans to expand its projects in Morocco, reinforces its commitment to providing reliable and highly efficient supplies of electricity and water on a large scale.
His Excellency said that with the progress made by Taqa’s business, its focus remains on the disciplined implementation of its strategy and achieving long-term value for its shareholders, while continuing to provide support for the transformation process in the energy sector, the goals of economic diversification in the UAE and the international markets in which it operates.
Value in a dynamic market
For his part, Jassim Hussein Thabet, Group CEO and Managing Director of Taqa, said that Taqa’s performance during the first half of 2025 reflects the strength of its integrated business model in the utilities sector, and its ability to continuously achieve value in a dynamic market.
He added that despite the challenges, Taqa continued to make tangible progress on priority projects in the electricity and water generation and transmission business sectors, enhancing the flexibility of the systems and expanding the scope of its global portfolio.
These achievements are important steps to consolidate Energy’s position as a reliable partner for large-scale energy and water solutions, regionally and globally.
The group reduced its total debt to AED 61.7 billion, through scheduled repayment and maturity of institutional bonds. At the same time, Taqa accelerated its investments in future projects, with capital expenditures reaching AED 5.2 billion, which it allocated to flexible electricity generation operations, upgrading transportation networks, and strategic water desalination projects.
Looking to the future, Energy’s focus remains on making progress towards achieving its strategic priorities, expanding low-carbon solutions for electricity and water, strengthening grid infrastructure, and enabling energy sector transformation in its various markets. The group continues to support efforts to implement national decarbonization goals, while achieving strong returns for shareholders through a disciplined approach to implementing its strategy and long-term investment.
