Dewa revenue hits $9bn on rising demand for power and water

Net profit at Dubai Electricity and Water Authority (Dewa) jumped slightly more than a quarter last year, driven by sustained demand growth across the emirate.

The utility provider reported a 6 percent year on year increase in its annual peak power demand, reaching 11.4 gigawatts in 2025, it said in a statement to the Dubai Financial Market on Tuesday.

Revenue hit a record high of AED33 billion ($9 billion), up 6 percent, supported by the company’s highest levels of power generation, clean energy production, desalinated water output and peak demand.

Net profit rose 26 percent annually to AED9.1 billion.

In 2025, Dewa generated 62.21 terawatt-hours of power. At 10.10 TWh, clean power accounted for 16 percent of the total power generated, a 53 percent increase over the previous year. 

Demand for desalinated water grew by 7 percent year on year to 162 billion imperial gallons.  

The company added 56,897 accounts in 2025, taking the total to more than 1.32 million.

Fourth-quarter revenue rose almost 7 percent annually to AED7.9 billion, while net profit rose 28 percent to AED2.3 billion.

Dewa invested AED12 billion in 2025, mainly to enhance renewable energy capacity, desalination plants, transmission and distribution networks.  

In October 2025, the company paid AED 3.1 billion in dividends for the first half of 2025, with the second-half payout estimated for payment in April, subject to shareholder approval.

Dewa expects to pay a minimum annual dividend of AED 6.2 billion over the first five years, starting in October 2022.

The company’s shares closed at AED3.14 on Monday, up 12 percent in the year to date. The state-owned Dubai Investment Fund owns 82 percent of the utility provider.

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