DEWA Approves AED3.1 Billion Dividend Amid Rising Power Demand and Clean Energy Expansion

Dubai Electricity and Water Authority PJSC (DEWA) has secured shareholder approval for a AED3.1 billion dividend for the second half of 2025 during its Annual General Assembly, reinforcing its strong financial and operational performance.

The virtual meeting, chaired by Majid Hamad Rahma Al Shamsi, saw participation from shareholders representing 91.53% ownership, along with board members and senior leadership including Saeed Mohammed Al Tayer. The approved dividend, equivalent to 6.2 fils per share, is scheduled for distribution in April 2026, with April 13 set as the record date.

DEWA reported robust financial results for 2025, driven by rising demand for electricity, water, and cooling services. The utility’s annual revenue increased by 6.02% to AED32.84 billion, while net profit after tax surged by 25.17% to AED9.06 billion. The company also recorded EBITDA of AED17.3 billion and operating profit nearing AED11 billion, marking a significant milestone in its growth trajectory.

Leadership attributed the performance to Dubai’s strong economic expansion and strategic vision under Sheikh Mohammed bin Rashid Al Maktoum, alongside continued investments in clean energy and digital infrastructure.

Electricity peak demand rose by 5.8% to 11,391 MW, while water peak demand increased by 7% to 487 million imperial gallons per day, reflecting sustained growth in consumption across the emirate.

DEWA also highlighted progress in its clean energy transition, with 21.5% of its total installed capacity of 17,979 MW now derived from renewable sources. This share is expected to reach 36% by 2030, supported by the expansion of the Mohammed bin Rashid Al Maktoum Solar Park, which is targeting 8,000 MW capacity.

The utility has invested over AED237 billion in infrastructure to date, including AED11.8 billion in 2025, aimed at expanding renewable energy generation and strengthening transmission and distribution networks. Its customer base also grew significantly, surpassing 1.3 million accounts.

DEWA continues to maintain global leadership in operational efficiency, reporting among the lowest electricity and water line losses worldwide, alongside high reliability metrics. The company also emphasized its ongoing focus on digitalisation and AI-driven processes to enhance service delivery and operational resilience.

The latest developments position DEWA as a key driver of Dubai’s Net Zero 2050 ambitions and a global benchmark in utility performance.