Dubai, UAE — Dubai Electricity and Water Authority (DEWA) reported record financial results for the first half of 2026, with revenue reaching AED14.86 billion ($4.05 billion).
EBITDA stood at AED7.32 billion ($1.99 billion), operating profit at AED4.07 billion ($1.11 billion), while net profit reached AED3.33 billion ($907 million).
Net profit increased 15.02 percent from the year-earlier period, DEWA said, citing sustained demand for electricity, water and cooling services, continued customer growth and disciplined operational performance.
DEWA Managing Director and CEO Saeed Mohammed Al Tayer said the results reflected Dubai’s economic strength, the resilience of the company’s business model and its focus on sustainability and operational excellence.
Subject to approvals, DEWA expects to distribute a further AED3.1 billion dividend in October 2026.
Clean energy expansion
DEWA generated 15.78 terawatt-hours of electricity during the second quarter, including 3.14 TWh from clean power.
Clean energy therefore accounted for 19.9 percent of total electricity generated during the quarter.
By the end of the first half, DEWA’s installed generation capacity had reached 17,979 megawatts, including 3,860MW from clean energy sources, representing 21.5 percent of its energy mix.
The company also commissioned Block A of the Hassyan seawater reverse osmosis plant, adding 60 million imperial gallons per day to water production capacity.
SWRO capacity now represents 23 percent of DEWA’s total desalination capacity, with another 120 MIGD expected to be added during 2026.
Growth targets
DEWA increased its customer base by 18,220 accounts during the second quarter. Over the 12 months through June 30, customer accounts rose by 72,718, representing year-on-year growth of 5.63 percent.
By 2030, DEWA plans to exceed 23GW of installed power generation capacity and reach desalinated water production capacity of 735 MIGD.
About 8.3GW of the planned power capacity will come from renewable sources, representing 36.1 percent of the total.
Of the planned water production capacity, 308 MIGD will use seawater reverse osmosis powered by renewable energy.
Under its dividend policy, DEWA expects to pay a minimum annual dividend of AED6.2 billion during the first five years beginning October 2022.
The company distributed AED3.1 billion to shareholders in April 2026 for the second half of 2025 and expects to distribute another AED3.1 billion for the first half of 2026 in late October, subject to approvals.
