Dubai, United Arab Emirates – Dubai Electricity and Water Authority “Dewa” announced its consolidated financial results for the first nine months of 2025, recording revenues amounting to 24.9 billion dirhams, an increase of 5.9% compared to the same period last year.
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Net profits amounted to AED 6.8 billion, a growth of 24.8%, while total profits before accounting for interest, taxes, depreciation and amortization (before deductions) amounted to AED 13.1 billion, a growth of 11.9%.
The Authority also recorded operating profits of 8.3 billion dirhams, an increase of 21.5% year-on-year.
In addition to achieving cash flows from operations amounting to 15.2 billion dirhams.
The Authority stated, in a statement, that, during the first nine months of this year, it invested more than 7.8 billion dirhams in capital expenditures to expand renewable energy projects, electricity and water networks, and water desalination.
She noted that total investments in assets increased to AED 233.8 billion as of September 30, 2025.
While shareholders’ equity amounted to AED 89.1 billion, maintaining strong liquidity and a solid balance sheet.
The Authority also indicated that it paid dividends to shareholders amounting to AED 3.1 billion on October 29, 2025
During the third quarter of 2025, the Authority’s total electricity production rose to 20.5 terawatt hours, an increase of 4.46% compared to 19.6 terawatt hours during the same period in 2024.
High demand for desalinated water
The authority recorded a 5.83% increase in peak energy demand, compared to the third quarter of 2024, reaching 11.4 gigawatts.
Total demand for desalinated water increased by 6.74% during the third quarter of 2025 compared to the same period last year, reaching 43.5 billion gallons, while peak demand for desalinated water reached 487 million gallons per day, an increase of 6.96% over the same period last year.
By the end of the third quarter of 2025, the number of customer accounts reached more than 1.306 million, an increase of 4.71% compared to the same period last year.
Vice Chairman, Managing Director and CEO of Dubai Electricity and Water Authority, Saeed Mohammed Al Tayer, said: «These results are the strongest in the Authority’s history, as revenues rose during the first nine months of this year to about 25 billion dirhams, and operating profits exceeded 8.3 billion dirhams».
He added: «These results confirm the flexibility of the business model of the service sector in Dubai, in addition to the proper implementation of our strategy. We expect the financial results for 2025 to exceed those for 2024, supported by strong demand for our services, advanced infrastructure, and the Authority’s operational excellence.»
