Dubai Electricity and Water Authority PJSC (DEWA) has announced record consolidated financial results for Q1 2026, with revenue reaching AED 6.45 billion. The company reported EBITDA of AED 2.88 billion, operating profit of AED 1.29 billion, and net profit of AED 0.94 billion.
Saeed Mohammed Al Tayer, Vice Chairman and Managing Director & CEO of DEWA, said the authority continues to focus on innovation and sustainability, aligned with the leadership vision of the UAE.
He stated that DEWA achieved a strong start to 2026, recording its highest-ever first-quarter revenue, EBITDA, operating profit, and net profit. Net profit rose by nearly 90% year-on-year, while clean energy contributed 18.5% of total electricity generation during the quarter.
He added that DEWA expanded its water infrastructure by increasing desalination capacity by 60 million imperial gallons per day (MIGD), bringing total capacity to 555 MIGD.
Standalone net profit for the quarter reached AED 1.05 billion, up 55.8% compared to the same period in 2025.
DEWA also distributed AED 3.1 billion in dividends in April 2026 for the second half of 2025 and expects a further AED 3.1 billion payout in October 2026 for the first half of 2026, subject to approvals.
On the operational side, electricity generation hit a record 11.09 TWh, up 5.65% year-on-year, while clean energy output reached 2.06 TWh, accounting for 18.5% of total generation.
Desalinated water production rose to 37.57 billion imperial gallons, an increase of 5.51% year-on-year.
Customer accounts increased by 19,803 during the quarter, bringing annual growth to 5.08%.
By the end of Q1 2026, DEWA’s installed capacity reached 17,979 MW, including 3,860 MW from clean energy sources, representing 21.5% of the total energy mix.
The company also commissioned additional infrastructure, including Block A of the Hassyan Sea Water Reverse Osmosis plant, adding 60 MIGD of capacity. It further expanded its EV Green Charger network to 2,223 charging points across Dubai.
DEWA expects to maintain a minimum annual dividend of AED 6.2 billion over the first five years from October 2022, distributed semi-annually.
