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Post by : Badri Ariffin
The Dubai Electricity and Water Authority (DEWA) has published impressive financial results for the first quarter of 2026, highlighting a strong demand for electricity, water, and cooling services in Dubai.
DEWA's quarterly revenue reached an impressive AED 6.45 billion, along with EBITDA of AED 2.88 billion, operating profit of AED 1.29 billion, and a net profit of AED 0.94 billion. This marks a nearly 90% increase in consolidated net profit from the same period last year.
The standalone net profit for Q1 2026 was recorded at AED 1.05 billion, showing a substantial year-on-year increase of 55.8%.
HE Saeed Mohammed Al Tayer, the Vice Chairman and MD & CEO of DEWA, emphasized the company's commitment to innovation, sustainability, and alignment with Dubai’s Net Zero 2050 strategy, under the guidance of His Highness Sheikh Mohammed bin Rashid Al Maktoum and other leaders.
Al Tayer noted that DEWA’s outstanding performance reflects Dubai’s robust economy and the utility’s dedication to operational excellence, sustainability, and long-term benefits for shareholders.
During Q1 2026, DEWA produced a record 11.09 terawatt-hours (TWh) of electricity, which is a 5.65% increase compared to Q1 2025. Clean energy generation constituted 2.06 TWh, representing 18.5% of the total power produced in that quarter.
The utility company also set a new record in desalinated water production, generating 37.57 billion imperial gallons (BIG), a rise of 5.51% year-on-year.
The number of customers grew by 19,803 during the quarter, leading to a total increase of 65,086 accounts over the last 12 months, corresponding to an annual growth rate of 5.08%.
At the end of Q1 2026, DEWA’s installed power generation capacity was recorded at 17,979 megawatts (MW), with 3,860 MW coming from renewable energy sources, making up 21.5% of the energy mix.
The company also initiated Block A of the Hassyan Sea Water Reverse Osmosis (SWRO) plant, which has added 60 million imperial gallons per day (MIGD) to its desalination capacity, raising the total to 555 MIGD, of which SWRO accounts for 23%.
In 2026, DEWA plans to add another 120 MIGD of SWRO capacity.
In addition to its growth, DEWA completed the commissioning of two 132kV substations and 400 substations within the 11-6.6kV network during the quarter.
Moreover, DEWA continued to expand its EV Green Charger network, which now comprises 2,223 charging points across Dubai in collaboration with both government and private sector partners.
Under its established dividend policy, DEWA aims to distribute a minimum annual dividend of AED 6.2 billion over the first five years beginning October 2022, with payments scheduled for April and October.
On April 20, 2026, DEWA distributed AED 3.1 billion in dividends for the latter half of 2025. The company anticipates another AED 3.1 billion dividend distribution for the first half of 2026 in October, contingent on approvals.
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