Dubai Electricity & Water Authority PJSC

Dubai Electricity and Water Authority (DEWA) announced record annual revenue of AED 30.98 billion and EBITDA of AED 15.70 billion for 2024, marking the highest figures in its history. The company also achieved its highest annual power generation of 59.19 TWh, clean power generation of 6.62 TWh, peak power demand of 10.76 GW, desalinated water production of 150.48 BIG, and daily peak water demand of 455 MIGD. Compared to 2023, revenue increased by 6.18% and EBITDA by 6.25%. For Q4 2024, DEWA reported revenue of AED 7.45 billion and EBITDA of AED 3.95 billion, with year-on-year growth of 6.13% and 11.11%, respectively. DEWA's strategy is driven by the UAE's 2050 Net Zero target, with 17.8% of its installed generation capacity being clean energy.

The Board of Directors of Dubai Electricity and Water Authority PJSC (DEWA) has approved several key items. They have released the company's preliminary and unaudited financial statements for 2024 and set the agenda for the Annual General Assembly meeting for the financial year ending December 2024. Additionally, they endorsed the distribution of a cash dividend of AED 3.1 billion (6.2 fils per share) for the second half of 2024, to be paid in April 2025, pending shareholder approval. Important dates include the last entitlement date on March 27, 2025, ex-dividend date on March 28, 2025, and record date on March 31, 2025. The board also approved the invitation to hold an Annual Assembly meeting on March 21, 2025, subject to the UAE Securities and Commodities Authority's approval, with the invitation expected to be published in late February 2025. Furthermore, they approved the opening of nominations for board membership, also subject to regulatory approval.

The Dubai Electricity and Water Authority (DEWA) has scheduled a Board of Directors meeting for February 10, 2024, at 9:00 am. The agenda includes reviewing the company's preliminary and unaudited financial statements for 2024, discussing other business matters such as dividends for the second half of 2024, details of the Annual General Assembly, and opening nominations for Board Members. The notification is issued by Aakash Nijhawan, Group Head of Investor Relations, on behalf of DEWA.

Dubai Electricity and Water Authority (DEWA) reported its highest-ever financial results for the first nine months of 2024, with a record revenue of AED 23.5 billion, marking a 6.2% increase from the previous year. The company also achieved a record EBITDA of AED 11.8 billion, up 4.71%, and cash from operations of AED 11.6 billion, up 17.83%. DEWA paid AED 3.1 billion in dividends to shareholders in October 2024. The results reflect DEWA's commitment to operational excellence, innovation, and sustainability, in alignment with Dubai's strategic goals for clean energy and net-zero carbon emissions by 2050.

On 11 November 2024, the Board of Directors of Dubai Electricity and Water Authority PJSC (DEWA) held a meeting at 9:00 am. During this meeting, they approved the company's financial statements for the third quarter ending on 30 September 2024. The Board also reviewed general business matters. The notification was issued by Aakash Nijhawan, Group Head of Investor Relations, on behalf of DEWA.

A notification has been issued regarding a meeting of the Board of Directors of Dubai Electricity and Water Authority PJSC (DEWA). The meeting is scheduled for Monday, 11th November 2024, at 9:00 am. The agenda includes reviewing and considering the company's financial statements for the third quarter ending 30 September 2024, along with other business matters. The notice is issued by Aakash Nijhawan, Group Head of Investor Relations, on behalf of DEWA.

Dubai Electricity and Water Authority PJSC (DEWA) announced record-breaking financial results for the first half of 2024. The company reported its highest-ever quarterly and half-year revenue of AED 13.7 billion, marking a 7.3% increase. EBITDA reached AED 6.6 billion, up by 8.9%, and operating profit was AED 3.3 billion, a 6.3% rise. The profit after tax stood at AED 2.6 billion. DEWA also approved a dividend payment of AED 3.1 billion to shareholders in October 2024. The growth in demand for power and water was 6.7% and 4.3% respectively. DEWA aims to expand its power capacity to 20 GW and water capacity to 735 MIGD by 2030, with a significant portion coming from renewable sources. The company remains committed to efficiency, outstanding customer service, and supporting Dubai's 2050 Net-Zero emissions goal.

Dubai Electricity and Water Authority PJSC and its subsidiaries have released their condensed consolidated interim financial information for the six-month period ending June 30, 2024. This information is unaudited.