TAQA Reports Strong 2025 Results With Higher Net Profit And Major Renewable Expansion

Abu Dhabi National Energy Company, widely known as TAQA, has announced its financial results for the full year 2025, reporting steady revenue growth and strong progress in its long-term strategy. Despite volatility in global energy markets, the company posted revenues of AED 54.8 billion (around $14.9 billion). Net income increased by 5.6% to AED 7.5 billion ($2.04 billion), showing stable performance and improved operational strength.

The utilities segment remained the main contributor to earnings during the year. Strong results from power, water, and transmission operations helped offset weaker returns from the oil and gas division. The petroleum business was affected by lower global commodity prices and the gradual reduction of output from certain North Sea fields. However, TAQA’s growing focus on regulated utilities and renewable energy assets helped maintain overall financial balance.

Capital expenditure rose sharply by 48.4% to AED 14.5 billion ($3.95 billion). This increase reflects the company’s accelerated investments in infrastructure, including power generation, desalination, and transmission networks. The higher spending is part of TAQA’s long-term expansion plan aimed at strengthening grid capacity and supporting clean energy integration.

Several major milestones were achieved in 2025, especially within the United Arab Emirates. TAQA continued to advance a large-scale renewable energy initiative in partnership with Masdar. The project combines solar power with large battery storage systems to provide round-the-clock clean electricity. This approach is designed to enhance energy reliability while reducing carbon emissions. In addition, TAQA expanded its local asset base by acquiring significant power and water facilities from Emirates Global Aluminium. The Fujairah F3 power plant also reached full commercial operations, adding efficient gas-fired capacity to the national grid.

Internationally, the company strengthened its position through strategic investments. TAQA entered the United Kingdom’s electricity transmission market, marking an important step in expanding its regulated asset portfolio. In Saudi Arabia, it achieved financial progress on major gas-fired power projects. The agreement to acquire GS Inima for $1.2 billion is expected to enhance TAQA’s global presence in water desalination. The company is also exploring new integrated power and water opportunities in Morocco and Uzbekistan as part of its broader growth plans.

Looking ahead, TAQA aims to reach 150 gigawatts of gross power capacity by 2030, with a strong focus on renewable energy. Currently, more than 63% of its portfolio is linked to clean and low-carbon sources. The company is increasing investments in grid infrastructure and advanced technologies to meet rising electricity demand, including that driven by digital industries and artificial intelligence.

Reflecting its solid financial performance, the Board of Directors has proposed a higher total dividend for shareholders. The results underline TAQA’s ongoing transformation into a diversified utility leader, balancing financial stability with expansion into sustainable energy solutions.