Abu Dhabi, United Arab Emirates – Abu Dhabi National Energy Company “Taqa”‘s revenues during the first nine months of this year amounted to 42.7 billion dirhams.
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An increase of 2.9% compared to the same period last year.
This is mainly due to passing revenues in the transportation and distribution sector.
Earnings before interest, taxes, depreciation and amortization also amounted to 16 billion dirhams.
Net income amounted to AED 6.1 billion, according to financial results for the nine-month period ending September 30, 2025.
Capital expenditures increased by 47% to reach 8.9 billion dirhams, driven by improvements in transmission and distribution networks and private projects, progress in the work of the “Al Dhafra” thermal power generation station project with a capacity of 1 gigawatt, and rehabilitation work for water solutions projects.
This was partly offset by lower capital expenditures in the oil and gas business sector as a result of asset decommissioning in the UK and a decline in activities in North America.
Taqa maintained a strong financial position, with a net debt/capital ratio of 34%.
Total available liquidity amounted to AED 26.5 billion, including AED 7.4 billion net cash liquidity and AED 19.1 billion cash liquidity from undrawn credit facilities.
Taqa’s Board of Directors approved the distribution of interim cash dividends for the third quarter at a value of 0.75 fils per share, in accordance with the company’s approved dividend distribution policy.
Jassim Hussein Thabet, Group CEO and Managing Director of Taqa, said that during the third quarter of the year, the company achieved remarkable progress in its path towards implementing its 2030 growth strategy, especially at the international level, through the acquisition of GS Enema and the completion of a deal to finance the project of two 3.6 gigawatt power plants in the Kingdom of Saudi Arabia.
He added that the pace of progress continues during the current quarter with the rapid progress achieved by the company in the work of establishing energy infrastructure to support the expansion of the country’s artificial intelligence projects, and consolidating the “Taqa” site to play a leading role in ensuring water security, here within the country and around the world.
