Dubai Electricity and Water Authority PJSC (DEWA) has reported a historic first quarter for 2025, showcasing unprecedented financial performance. The company achieved a record quarterly revenue of AED 5.96 billion, marking a 2.83% increase year-on-year. Furthermore, DEWA's cash flow from operations soared to AED 3.85 billion, a remarkable 17.86% rise compared to the same period last year.

These impressive figures are bolstered by DEWA's highest first-quarter power generation of 10.50 TWh and clean power generation of 1.86 TWh. Additionally, the company reached a new milestone in desalinated water production, with 35.61 billion gallons produced in the first quarter.

DEWA's financial results reflect its strategic alignment with the vision of Dubai's leadership, aiming for sustainability and innovation. Under the guidance of His Highness Sheikh Mohammed bin Rashid Al Maktoum and other esteemed leaders, DEWA is on a determined path toward achieving net zero emissions by 2050.

HE Saeed Mohammed Al Tayer, Vice Chairman and MD & CEO of DEWA, emphasized the company's commitment to sustainable growth, stating, 'With consistent growth in demand for electricity, water, and cooling services, our financials reflect a healthy operating profit.'

Given DEWA's robust financial health and strategic initiatives, the outlook for the company remains optimistic. Investors should consider the company's strong cash position and its role in Dubai's rapid infrastructural progress as positive indicators for future growth. Therefore, the recommendation is to buy DEWA shares, as the company is well-positioned to capitalize on the increasing demand for utility services in Dubai.