Dubai: Dubai Electricity and Water Authority (DEWA), on Thursday., reported an 11.7 per cent increase in nine-month profit after tax to Dh7.63 billion, as revenue from electricity, water and other businesses grew amid rising demand for essential utility services across the emirate.
The DFM-listed utility recorded revenue of Dh25.74 billion for the first nine months of 2026, up 3.3 per cent from Dh24.92 billion in the corresponding period last year.
EBITDA rose 2.1 per cent to Dh13.43 billion, while operating profit increased 2.3 per cent to Dh8.52 billion. Cash generated from operations stood at Dh14.59 billion.
DEWA said it had achieved its highest-ever nine-month revenue and profit after tax.
The third quarter also delivered higher earnings, with revenue increasing 5.4 per cent year on year to Dh10.87 billion and profit after tax climbing 9.2 per cent to Dh4.30 billion.
"These results reflect the resilience of our business model, the efficiency of our operations and our ability to create sustainable long-term value for shareholders, while supporting Dubai's economic growth and development," said Saeed Mohammed Al Tayer, DEWA's vice-chairman and managing director and chief executive in a statement.
"Our operational performance was equally strong. In the third quarter, gross electricity generation reached 21.37 TWh, with clean energy contributing 3.22 TWh, an increase of approximately 16.3 per cent year on year."
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