Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA) recorded net profits after tax amounting to AED 3.93 billion in the first half (H1) of 2025, compared to AED 4.76 billion in H1-24.

The revenues jumped by 4.50% to AED 28.42 billion in H1-25 from AED 27.17 billion in the first six months (6M) of 2024, according to the financial results.

Basic and diluted earnings per share (EPS) from continuing operations hit AED 0.03 at the end of June 2025, down year-on-year (YoY) from AED 0.04.

While revenue growth remained solid, profitability in H1-25 was impacted by an expected decline in oil and gas production following the cessation of production from four UK assets and weaker oil prices, as well as higher financing costs and non-recurring items.

Financial Results for Q2-25

During the second quarter (Q2) of 2025, TAQA generated AED 1.77 billion in net profit after tax, lower than AED 2.54 billion in Q2-24.

Revenues increased to AED 3.18 billion in Q2-25 from AED 3.12 billion a year earlier, while the basic and diluted EPS went down to AED 0.01 from AED 0.02.

Jasim Husain Thabet, Group CEO and Managing Director of TAQA, said: “Despite headwinds, we continued to make tangible progress on priority projects across generation, water and transmission, increasing system flexibility and expanding our global portfolio.”

“These are important steps that reinforce TAQA’s position as a reliable partner for large-scale power and water solutions, regionally and globally. The group reduced its gross debt position to AED 61.70 billion, enabled by scheduled repayments and the maturity of a corporate bond,” Thabet added.

He noted: “At the same time, TAQA accelerated investment in future capacity, with AED 5.2 billion in capital expenditure directed toward flexible generation, transmission upgrades and strategic desalination projects.”

The CEO mentioned: “Looking ahead, TAQA remains focused on advancing its strategic priorities, expanding low-carbon power and water solutions, strengthening grid infrastructure, and enabling energy transition across its markets. The Group continues to support national decarbonisation goals while delivering reliable returns to shareholders through disciplined execution and long-term investment.”

As for the quarterly dividends, the board approved the payment of an interim cash dividend of 0.75 fils per share for Q2-25. The group will disburse the cash dividends on 12 September 2025.