Dubai Electricity and Water Authority PJSC (DEWA) has announced extraordinary financial outcomes for the first quarter of 2026, a feat attributed to robust demand for electricity, water, and cooling services throughout Dubai.
DEWA achieved phenomenal quarterly revenue amounting to AED 6.45 billion, with EBITDA of AED 2.88 billion, operational profit of AED 1.29 billion, and a net profit of AED 0.94 billion. The consolidated net profit climbed by almost 90% compared to the same quarter last year.
The standalone net profit stood at AED 1.05 billion for Q1 2026, marking a 55.8% increase from the previous year.
HE Saeed Mohammed Al Tayer, Vice Chairman and CEO of DEWA, emphasized the company’s dedication to innovation and sustainability, supporting Dubai’s Net Zero 2050 strategy under the guidance of His Highness Sheikh Mohammed bin Rashid Al Maktoum and other prominent leaders.
Al Tayer remarked that DEWA’s stellar performance is a testament to Dubai’s robust economy and the company’s commitment to excellence, sustainability, and shareholder value.
In Q1 2026, DEWA produced an impressive 11.09 terawatt-hours (TWh) of electricity, a rise of 5.65% compared to Q1 2025. Notably, clean energy generation reached 2.06 TWh, contributing to 18.5% of the total power output for the quarter.
The authority also set a record in desalinated water production at 37.57 billion imperial gallons (BIG), an increase of 5.51% year-over-year.
DEWA expanded its customer base with 19,803 new accounts this quarter. Over the past twelve months leading to Q1 2026, customer accounts grew by 65,086, representing a 5.08% rise.
By the close of Q1 2026, DEWA’s installed power capacity reached 17,979 megawatts (MW), which includes 3,860 MW sourced from clean energy, adapting to 21.5% of the energy mix.
The company successfully commissioned Block A of the Hassyan Sea Water Reverse Osmosis (SWRO) plant, augmenting its desalination capacity by 60 million imperial gallons per day (MIGD). DEWA’s total installed desalination capacity now stands at 555 MIGD, with SWRO comprising 23% of the overall production.
DEWA anticipates an additional 120 MIGD of SWRO capacity to be added in 2026.
In terms of infrastructure, the company inaugurated two 132kV substations and 400 substations in the 11-6.6kV network during this quarter.
Moreover, DEWA continued its initiative to expand the EV Green Charger network, now featuring 2,223 charging stations throughout Dubai in collaboration with government and private entities.
Following its dividend strategy, DEWA aims to distribute a minimum annual dividend of AED 6.2 billion over the first five years starting from October 2022. Dividends are allotted twice yearly in April and October.
On April 20, 2026, DEWA distributed AED 3.1 billion in dividends for the latter half of 2025 to its shareholders. It anticipates distributing another AED 3.1 billion in dividends for the first half of 2026 by October 2026, pending necessary approvals.
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