Dubai Electricity and Water Authority (DEWA) Q2 2025 earnings summary

Executive summary

• Revenue for the six-month period ended 30 June 2025 rose to AED 14.60 billion, up 6.9% year-over-year, with net profit after tax reaching AED 2.89 billion, a 13.2% increase from the prior year.

• Gross profit improved to AED 5.07 billion, and EBITDA for the period was AED 6.95 billion, reflecting strong operational performance.

• The interim financial information was reviewed by independent auditors, who concluded it was prepared in accordance with IAS 34, with no material misstatements identified.

Financial highlights

• Revenue: AED 14.60 billion (up from AED 13.66 billion year-over-year).

• Net profit after tax: AED 2.89 billion (up from AED 2.56 billion year-over-year).

• Gross profit: AED 5.07 billion (up from AED 4.67 billion year-over-year).

• EBITDA: AED 6.95 billion (up from AED 6.60 billion year-over-year).

• Basic and diluted EPS: AED 0.055 (up from AED 0.050 year-over-year).

Outlook and guidance

• Management notes that higher revenues and profits are typically expected in the second half of the year due to seasonality, with 44% of annual revenue historically recognized in H1.

• Results for H1 2025 are not necessarily indicative of full-year performance.