DEWA Achieves Record Profits in H1 2026

The Dubai Electricity and Water Authority (DEWA), the exclusive provider of electricity and water services in Dubai, has announced record financial results for the first half of 2026. The company reported a net profit of AED 3.33 billion, marking a 15.02% increase from the same period in 2025. This achievement is supported by a consistent demand for electricity, water, and cooling services, as well as a disciplined operational performance.

In addition to the impressive net profit, DEWA's revenue reached AED 14.86 billion, a 1.80% increase compared to the first half of 2025. The EBITDA and operating profit also saw significant growth, increasing by 5.27% and 9.08% respectively. These figures represent the highest results in DEWA's history for a first-half period, showcasing the company's strong financial health and operational efficiency.

DEWA's success is attributed to its commitment to innovation and sustainability, guided by the vision of Dubai's leadership. The company is steadfast in its journey towards achieving Net Zero by 2050, aligning with Dubai's rapid progress and development goals. With a growing number of customer accounts now totaling 1.36 million, DEWA continues to expand its reach and enhance its service offerings.

Looking forward, DEWA's performance indicates a stable and promising future. However, given the current market conditions and the company's strategic goals, a neutral stance is recommended. Investors may consider holding their positions as DEWA continues to demonstrate its capacity for growth and sustainability.