Press releases, Reports & Disclosures for Emirates Central Cooling Systems Corporation PJSC

Emirates Central Cooling Systems Corporation PJSC (Empower), the world's largest district cooling services provider, reported record financial results for the third quarter of 2025. The company achieved a revenue of AED 2.586 billion, marking a 5.5% growth, and a pre-tax net profit of AED 757 million, reflecting a 5.3% increase compared to the same period last year. Empower attributes this growth to increased demand for its services in Dubai, driven by the real estate sector and new development projects. The company continues to expand its operations and adopt environmentally friendly cooling solutions. Empower's CEO, Ahmad Bin Shafar, emphasized the company's commitment to sustainability and its role in supporting Dubai's development goals and the UAE's Net Zero 2050 targets. Over the twelve-month period ending in September 2025, Empower reported a consolidated revenue of AED 3.395 billion, a 5.5% increase from the previous year, and an EBITDA of AED 1.596 billion.

Emirates Central Cooling Systems Corporation P.J.S.C has released its interim condensed consolidated financial statements for the three-month and nine-month periods ending on September 30, 2025. These statements are unaudited.

Emirates Central Cooling Systems Corporation PJSC (Empower) has announced the construction of its second district cooling plant in Jumeirah Village, Dubai, which will have a capacity of 37,000 refrigeration tons. This project is part of Empower's plan to build six advanced district cooling plants in the area, with a total capacity of 256,000 RT. The new plant will utilize advanced cooling technologies and integrate Thermal Energy Storage and Treated Sewage Effluent technologies to enhance efficiency. Empower's CEO, Ahmad Bin Shafar, highlighted the company's commitment to expanding its operations and supporting Dubai's sustainability goals.

Empower, the world's largest district cooling services provider, is enhancing its collaboration with Yokogawa Electric Corporation to improve efficiency and sustainability in district cooling systems. A meeting at Empower's headquarters in Dubai discussed future partnerships in advanced cooling solutions. Empower's CEO, Ahmad Bin Shafar, highlighted the company's achievements, including 86 new contracts in the first half of the year, expanding its capacity to 1.86 million refrigeration tons (RT) and serving 1,684 buildings. The collaboration with Yokogawa has already resulted in Yokogawa upgrading Empower's Building Management Systems and conducting a successful energy-saving pilot study. The partnership aligns with Empower's vision to support the UAE's Net Zero 2050 Strategy through smart technologies and advanced infrastructure. Yokogawa, a leader in industrial automation and digital transformation, has been active in the Middle East and Africa for over 35 years.

The General Assembly Meeting of Emirates Central Cooling Systems Corporation PJSC (Empower) approved a cash dividend of AED 437.5 million for the first half of 2025 and elected a new Board of Directors for the 2025–2028 term. The meeting, chaired by Saeed Mohammed Al Tayer and attended by CEO Ahmad Bin Shafar, reported strong financial results with revenues of AED 1,453 million and a net profit of AED 403 million for the first half of 2025. The dividend represents 43.75% of the company's paid-up capital and will be distributed according to the company's policy. The meeting highlighted Empower's growth and its role in enhancing Dubai's position as a global hub for district cooling, supported by leadership efforts to establish a sustainable and diversified economy.