DEWA commits to AED3.1 billion dividend amid record financial results and green expansion

Dubai Electricity and Water Authority PJSC (DEWA) confirmed during its Annual General Assembly that shareholders have authorized a cash dividend of AED3.1 billion for the second half of 2025. The company states this payout will be made in April 2026, with the record date set for Monday, April 13, 2026. The decision was made at a virtual meeting led by Majid Hamad Rahma Al Shamsi, with attendance from Saeed Mohammed Al Tayer, senior executives, board members, and shareholders representing about 91.53 percent of the company.

“Thanks to the vision and directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, Dubai continues to strengthen its position as a global hub for finance, trade, and tourism. It also remains an advanced model for innovation, sustainable development, and investment,” said Majid Hamad Rahma Al Shamsi during the assembly. “This progress is driven by solid strategic planning, sound governance, and a strong capacity to adapt quickly to rapid global changes.”

The dividend amounts to 6.2 fils per share. According to DEWA’s public statements, this payout follows a year marked by record-breaking financial results for the utility. In a February 2026 update, the company reported consolidated revenue for 2025 of AED32.84 billion, operating profit of AED10.99 billion, and an EBITDA of AED17.37 billion. The net profit after tax reached AED9.06 billion, they added.

Saeed Mohammed Al Tayer described these results as a significant milestone. He explained that DEWA’s strong performance in 2025 was fueled by increased demand for electricity, water, and cooling services, along with ongoing investments in clean energy and digital infrastructure. “Thanks to the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, and the directives of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of Dubai’s Executive Council, as well as H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance, DEWA remains committed to excellence, sustainability, and long-term growth,” he stated.

DEWA’s financial path through 2025 has been outlined in several company releases. The utility reported AED14.6 billion in revenue during the first half of 2025 and an operating cash flow of AED9.2 billion, according to an August 2025 statement. In May 2025, the company announced a record quarterly revenue of AED5.96 billion and cash from operations of AED3.85 billion, while the first-quarter electricity generation reached 10.50 TWh, with 1.86 TWh supplied from clean sources.

Much of this earnings growth, DEWA notes, is due to increased consumption. The figures show peak electricity demand rose by 5.8% in 2025 to reach 11,391 MW, while peak daily water demand increased by 7%, reaching 487 million imperial gallons per day. The company also added around 57,000 new electricity and water accounts last year, pushing its total customer count beyond 1.3 million.

DEWA also highlighted the size of its capital projects. The authority said its total infrastructure investments have now surpassed AED237 billion. Specifically, in 2025, DEWA invested AED11.8 billion, primarily focused on expanding renewable energy generation and upgrading transmission and distribution networks. The company also shared some key network efficiency metrics, including electricity line losses at 2%, water line losses at 4.4%, and customer minutes lost at just 0.82 minutes per customer per year, figures that DEWA claims are among the best in the world.

Expanding clean energy remains a main pillar of DEWA’s overall strategy. The Mohammed bin Rashid Al Maktoum Solar Park, originally planned for 5,000 MW, is now being pushed towards an 8,000 MW goal by 2030, the company noted. As of the end of 2025, clean energy contributed 21.5% of DEWA’s installed capacity, with projections reaching 36% by 2030. This shift is also expected to cut over 8.5 million tonnes of carbon emissions annually.

DEWA has promoted models where independent power and water producers are brought in to attract international developers, which, according to the company, has helped to reduce unit costs for both electricity and desalinated water. It also emphasized the role of digital platforms and AI technology in enhancing operation and customer service. DEWA claims to hold top global rankings across a range of performance indicators covering generation, transmission, distribution, and customer satisfaction.

While it’s true that the company shows strong growth and progress toward reducing emissions, the rising demand presents ongoing challenges. The increases in peak electricity and water usage reflect the pressure on infrastructure and planning amidst Dubai’s rapid economic expansion. The substantial capital spending underscores an expectation that demand will continue climbing and that significant investments will be needed to build low-carbon, resilient networks.

Industry experts often say that maintaining large dividends while committing to heavy capital spending is a delicate balancing act for utilities. DEWA’s choice to pursue a hefty investment program alongside distributing sizeable cash payouts suggests confidence in its cash flow and financing ability. The results show that net profit after taxes comfortably covers the dividends, about 1.5 times the total payout, in fact.

The AED3.1 billion dividend for the second half of 2025 is part of a steady pattern of shareholder returns. DEWA has issued similar distributions in prior years, which points to a consistent dividend policy even as the utility pushes forward with its ambitious clean energy and digital transformation goals.

Shareholders approved the dividend at the assembly, with the record date and payment schedule confirmed. DEWA explained that this move aligns with its dual goals: delivering returns to investors while also funding an expanded, low-carbon infrastructure that, according to management, will help Dubai achieve its net zero ambitions.