
Dubai Electricity & Water Authority PJSC
Pressreleases, Reports and Disclosures for Dubai Electricity & Water Authority PJSC
On March 3, 2026, Dubai Financial Market was notified of a leadership change at Dubai Electricity and Water Authority PJSC (DEWA). Mr. Ranganathan Sundar has been appointed as the new Chief Financial Officer, effective March 2, 2026. Previously, he was the Vice President of Corporate Finance & Group Tax at DEWA. Mr. Thomas Varghese, the former Chief Financial Officer, is retiring but will continue as a Financial Advisor from March 2, 2026, to April 17, 2026. The notification was issued by Aakash Nijhawan, Group Head of Investor Relations at DEWA.
The Board of Directors of Dubai Electricity and Water Authority PJSC (DEWA) invites shareholders to attend the company's annual general assembly meeting on April 2, 2026, at 10:00 am. The meeting will be held both remotely and at the Kempinski Boulevard Hotel. Shareholders will receive the meeting link via email and text message. The agenda includes approving reports on the company's activities, financial position, and auditor's report for 2025, approving the balance sheet and profit and loss account, and authorizing cash dividends for 2025 and the first half of 2026. The meeting will also address absolving the Board and auditors from liability for 2025, appointing auditors for 2026, and approving Board remuneration. Shareholders must register to vote electronically and can delegate representation under specific conditions. The meeting requires at least 50% shareholder attendance for validity, with a second meeting scheduled if necessary. Shareholders should update their contact details with the Dubai Financial Market and can access DEWA's financial statements online. Electronic registration and voting details will be provided, and queries can be directed to DEWA or the Dubai Financial Market.
Date: 27th February 2026 Mr. Hamed Ahmed Ali, CEO of Dubai Financial Market, Dubai, UAE, Subject: Notification of results of the Board of Directors meeting of Dubai Electricity and Water Authority PJSC (DEWA) The Board of Directors of DEWA has endorsed the 2025 audited financial statements and annual report. They have also approved the appointment of KPMG as the external auditor for the fiscal year ending 31st December 2026, along with their fees. Additionally, the Board reviewed general business matters. Yours Faithfully, On behalf of Dubai Electricity Water Authority PJSC, Aakash Nijhawan, Group Head of Investor Relations
The text pertains to the consolidated financial statements of Dubai Electricity and Water Authority PJSC and its subsidiaries for the year ending December 31, 2025.
The Board of Directors of Dubai Electricity and Water Authority (DEWA) will meet on Friday, 27th February 2026, at 10:00 am. During the meeting, they will review DEWA’s audited financial statements for 2025, consider appointing KPMG as the external auditor for the fiscal year ending 31st December 2026, and discuss other business matters. The notification is signed by Aakash Nijhawan, Group Head of Investor Relations, on behalf of DEWA.
Dubai Electricity and Water Authority (DEWA) has increased its ownership in Emirates Central Cooling Systems Corporation (Empower) from 56% to 80% by acquiring Dubai Holding's full stake for AED 5.184 billion. DEWA purchased 2.4 billion shares from Emirates Power Investment, a company owned by Dubai Holding. This acquisition is part of DEWA's strategy to strengthen its position in the district cooling sector and aligns with Dubai's long-term development vision. The transaction reflects DEWA's commitment to sustainable urban infrastructure and energy efficiency in Dubai.
Dubai Electricity and Water Authority PJSC (DEWA) announced record financial results for 2025, with annual revenue reaching AED 32.84 billion, an operating profit of AED 10.99 billion, and an EBITDA of AED 17.37 billion. The results mark the highest in DEWA's history, with notable achievements including a power generation of 62.21 TWh, clean power generation of 10.10 TWh, peak power demand of 11.39 GW, and desalinated water demand of 161.505 billion gallons. The profit after tax increased by 25.66% year-on-year to AED 9.09 billion. For Q4 2025, DEWA reported revenue of AED 7.92 billion, EBITDA of AED 4.22 billion, and profit after tax of AED 2.26 billion, with significant year-on-year growth. These figures represent preliminary and unaudited financial results.
The Board of Directors of Dubai Electricity and Water Authority PJSC (DEWA) has approved several key items: the release of the company's preliminary and unaudited financial statements for 2025, the agenda for DEWA's Annual General Assembly meeting for the financial year ending December 2025, and the distribution of a cash dividend of AED 3.1 billion (6.2 fils per share) for the second half of 2025. This dividend is planned to be paid in April 2026, pending shareholder approval at the annual general assembly. The last entitlement date is April 7, 2026, with the ex-dividend date on April 8, 2026, and the record date on April 9, 2026. The Board also approved the invitation to hold an Annual Assembly meeting on April 2, 2026, which requires approval from the UAE Securities and Commodities Authority. This invitation is expected to be published in late February or early March 2026, subject to regulatory approval. The Board also reviewed other business matters related to DEWA.
The Board of Directors of Dubai Electricity and Water Authority PJSC (DEWA) will hold a meeting on Tuesday, February 10, 2026, at 9:00 AM. The agenda includes reviewing and considering the company's preliminary and unaudited financial statements for the year 2025, as well as discussing other business matters such as dividends for the second half of 2025 and details of the Annual General Assembly. The notification is issued by Aakash Nijhawan, Group Head of Investor Relations.
Dubai Electricity and Water Authority PJSC (DEWA) reported record-breaking financial results for the first nine months of 2025, with revenue reaching AED 25 billion and an operating profit of AED 8.3 billion. This marks the strongest financial performance in the company's history, with revenue, EBITDA, and net profit each surpassing the previous year's figures by AED 1.3 billion. Cash from operations exceeded AED 15 billion, and AED 3.1 billion was paid as dividends to shareholders on October 29, 2025. For the nine months of 2025, revenue was AED 24.9 billion, EBITDA was AED 13.1 billion, operating profit was AED 8.3 billion, and profit after tax was AED 6.8 billion, all showing significant year-on-year growth. The third quarter of 2025 also saw record results, with revenue of AED 10.3 billion, EBITDA of AED 6.2 billion, operating profit of AED 4.6 billion, and profit after tax of AED 3.9 billion, all reflecting substantial year-on-year increases. DEWA remains committed to innovation and sustainability, guided by the vision of the UAE's leadership.