“DEWA delivered record results in the first half of 2026, achieving its highest-ever first-half revenue, EBITDA, operating profit and net profit,” said Saeed Mohammed Al Tayer, Vice Chairman and MD & CEO of DEWA.
The utility posted net profit of Dh3.33 billion for the first six months of 2026, up 15.02%, while revenue reached a record Dh14.86 billion.
DEWA reported EBITDA of Dh7.32 billion and operating profit of Dh4.07 billion, with all four measures — revenue, EBITDA, operating profit and net profit — reaching their highest levels for a first half.
The Dubai-listed utility said sustained demand across its electricity, water and cooling businesses, an expanding customer base and operational performance supported the results.
Clean power nears 20%
DEWA generated 15.78 terawatt-hours (TWh) of electricity during the second quarter. Clean energy sources produced 3.14 TWh, accounting for 19.9% of total electricity generation during the period.
Desalinated water production reached 40.25 billion imperial gallons in the second quarter.
DEWA added 18,220 customer accounts during the quarter. Its total customer base increased by 72,718 accounts in the 12 months to June 30, representing year-on-year growth of 5.63%.
“During the second quarter, clean energy accounted for 19.9 percent of total power generated. These results reflect the continued strength of Dubai’s economy, the resilience of DEWA’s business model and our commitment to sustainability, operational excellence and long-term shareholder value,” Al Tayer said.
By the end of the first half, DEWA’s installed electricity generation capacity had reached 17,979 megawatts, including 3,860MW from clean energy sources. Clean energy therefore represented 21.5% of installed generation capacity.