Empower Reports Robust Q1 2026 Growth

Emirates Central Cooling Systems Corporation PJSC, better known as Empower, has showcased a remarkable financial performance for the first quarter of 2026. The company, recognized as the world's largest district cooling services provider, reported a 44% year-on-year growth in net profit, reaching AED 208 million. This impressive increase is attributed to strategic capacity additions and a reduction in operational costs.

Empower's revenue for Q1 2026 stood at AED 631 million, marking a 16.8% increase compared to the same period in 2025. The company's EBITDA also saw a significant rise, reaching AED 358 million, while pre-tax net profit was AED 229 million. These figures underscore the robustness of Empower's operating model and its alignment with Dubai's vision to become a global leader in sustainable urban development.

CEO H.E. Ahmad Bin Shafar emphasized that the company's growth is driven by a well-planned expansion strategy and a sustained increase in demand for district cooling services across Dubai. Empower continues to focus on enhancing operational efficiency and expanding capacity to meet the emirate's rapid urban development, all while maintaining high standards of operational and environmental sustainability.

Empower's strategic expansions have been a key factor in its financial success. The company recorded consolidated revenue of AED 3.51 billion over the twelve-month period ending March 2026, reflecting a 7.6% growth compared to the previous year. EBITDA for this period also increased by 11.7%, reaching AED 1.71 billion.

In March 2026, the company's Annual General Meeting approved a dividend distribution, showcasing Empower's commitment to delivering value to its shareholders. This decision, supported by a quorum of 85% of the company's paid-up share capital, reflects the company's strong financial health and confidence in its future prospects.

Given these positive financial results and the company's strategic positioning within the growing district cooling sector, investors may consider holding Empower shares. The company's focus on innovation, sustainability, and capacity expansion positions it well for continued growth, although potential investors should remain mindful of market conditions and regulatory changes.