Dubai - Mubasher: Dubai Electricity and Water Authority (DEWA) achieved AED 2.75 billion in net profits attributable to the owners in the first half (H1) of 2025, marking a year-on-year (YoY) increase from AED 2.50 billion.

Revenues increased by 6.90% to AED 14.60 billion as of 30 June 2025 from AED 13.66 billion in H1-24, according to the financial results.

Earnings per share (EPS) climbed to AED 0.055 in H1-25 from AED 0.050 in the same period of 2024.

Financials for Q2

During the second quarter (Q2) of 2025, DEWA’s net profits reached AED 2.25 billion, an annual hike from AED 1.86  billion.  

The DFM-listed company recorded a 9.80% growth in revenues to AED 8.63 billion during Q2-25, compared to AED 7.86 billion in the same period last year.

Meanwhile, the EPS stood at AED 0.04 in April-June 2025, compared to AED 0.03 in Q2-24.

Saeed Mohammed Al Tayer, Vice Chairman and MD & CEO of DEWA, commented: “To date, we have invested over AED 230 billion in state-of-the-art infrastructure. Our results demonstrate the resilience of our model and the ability to generate strong returns while advancing Dubai’s sustainable development.”

“Looking ahead, we expect consistent value creation for our stakeholders, supported by Dubai’s economic growth, our robust business model and our sector-leading operational benchmarks that are acknowledged to be No. 1 globally," Al Tayer concluded.

Dividends for H1-25

The board of DEWA approved cash dividends valued at AED 3.10 billion for H1-25. Meanwhile, the eligibility date for the dividends is set to be 17 October.

As of 31 March 2025, DEWA logged net profits attributable to the owners of AED 497.81 million, an annual fall from AED 647.42 million in Q1-24.