13/05/2026 04:59 AST
Dubai Electricity and Water Authority (DEWA), the emirate of Dubai's exclusive electricity and water services provider, has reported a record revenue of AED6.45 billion ($1.76 billion) for the first quarter of this year, an increase of 8.18%.
DEWA's Q1 EBITDA was AED2.88 billion (up 18.44%), operating profit AED1.29 billion ($53.58% increase) and net profit was AED0.94 billion ($89.87% growth).
Result highlights included:
- Highest first quarter revenue, operating profit, EBITDA and net profit in DEWA's history.
- Highest first quarter power generation of 11.09 TWh
- Highest first quarter clean power generation of 2.06 TWh
- Highest first quarter desalinated water production of 37.57 BIG
- Highest first quarter increase in customer accounts to 1.347 million
"DEWA is committed to being an innovative and sustainable corporation inspired by the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and the directives of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of The Executive Council of Dubai, and His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance. Under their guidance, we are progressing in our journey to net zero by 2050 and will continue to play a decisive role in Dubai's rapid progress," said Saeed Mohammed Al Tayer, Vice Chairman and MD & CEO of DEWA.
"DEWA delivered an exceptional start to 2026, achieving its highest-ever first-quarter revenue, EBITDA, operating profit and net profit.
"Consolidated net profit for the first quarter increased by nearly 90% compared with the same period last year, while clean energy accounted for 18.5% of total power generated during the quarter.
"We also strengthened our water infrastructure by adding 60 MIGD of desalination capacity, taking total installed water desalination capacity to 555 MIGD. Amid a challenging geopolitical backdrop, our record performance reflects the continued strength of Dubai's economy, sustained demand for electricity, water and cooling services, and our disciplined focus on operational excellence, sustainability and long-term shareholder value.
"DEWA recorded standalone net profit of AED1.05 billion for Q1 2026, representing a 55.8% increase compared to the same period in the previous year. We paid dividend of AED3.1 billion in April 2026 for H2, 2025 and, subject to the necessary approvals, expect to make our next dividend payment of AED3.1 billion in October 2026 for H1, 2026," added Al Tayer.
Quarterly operational performance
In the first quarter of 2026, DEWA generated a record 11.09 TWh, representing a 5.65% increase over the same period in 2025. During this quarter, clean power generated was 2.06 TWh, contributing 18.5% to the total power generation.
Desalinated water production reached a record 37.57 BIG, marking a 5.51% increase. DEWA increased its customer base by an impressive 19,803 accounts during the quarter. Over the last twelve months ending the first quarter of 2026, the total number of customer accounts increased by a record 65,086, representing annual growth of 5.08%.
Delivering growth
By the first quarter of 2026, the company's system installed generation capacity reached 17,979 MW with 3,860 MW from clean energy sources, representing 21.5% of the energy mix. In addition, DEWA commissioned Block A of Hassyan Sea Water Reverse Osmosis (SWRO)plant, adding 60 MIGD to its water capacity. SWRO capacity now represents 23% of its total water mix. For 2026, DEWA expects to add an additional 120 MIGD of SWRO capacity.
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