Abu Dhabi, UAE – Abu Dhabi National Energy Company “Taqa” recorded revenues amounting to 13.7 billion dirhams during the first quarter of this year 2026.
Earnings before interest, taxes, depreciation and amortization increased to 5.5 billion dirhams, compared to 5.3 billion dirhams during the first quarter of 2025. Driven by increased contributions from joint ventures and associates, along with stable returns on the Group’s business in the regulated utilities sector. Net income attributable to Taqa shareholders also stabilized at 2.1 billion dirhams.
Taqa continued to invest in basic infrastructure, with capital spending rising to AED 3.2 billion, an increase of 45.5% year-on-year. This reflects the acceleration of investments in the electricity, water, and transportation networks sectors.
Free cash flows amounted to AED 4.8 billion, in line with the previous year. High operating cash flows offset increased spending on capital projects.
During the first quarter of 2026, Taqa shareholders elected a new board of directors, with the appointment of His Excellency Jassim Mohammed Bu Ataba Al Zaabi as Chairman of the Board of Directors.
Shareholders also approved an updated dividend policy for the period 2026-2028. So that the new policy keeps the formation of annual profits from two components of total annual profits. They are fixed profits and variable profits, with fixed profits expected to continue to grow year after year.
