Empower's Q1 2025 Revenue Hits AED 540 Million
Empower, the world's largest district cooling provider, reports steady growth in Q1 2025 with strategic expansions and robust financial performance.
Summary
Empower reported AED 540 million in revenue for Q1 2025, marking a 0.4% increase from the previous year. Strategic expansions and asset growth drive this success.
Emirates Central Cooling Systems Corporation PJSC, known as Empower, has announced its financial results for the first quarter of 2025, showcasing a commendable performance in the district cooling market. With a reported revenue of AED 540 million, Empower has achieved a 0.4% increase compared to the same period in 2024. The company also reported an EBITDA of AED 297 million and a net profit after tax of AED 145 million for the quarter ending March 31, 2025.
His Excellency Ahmad Bin Shafar, CEO of Empower, attributed this growth to strategic expansions in key projects and the company's expertise in maximizing the value of its growing footprint. Empower has successfully integrated numerous real estate projects across various sectors into its portfolio, driving high demand for its services. These expansions have positioned Empower as the preferred choice for both building owners and end-users.
Empower's commitment to expanding its asset base, including plants and distribution networks, is pivotal in meeting rising demand and strengthening its market share. The company's strategic investments aim to ensure sustainable, long-term returns for its shareholders.
Bin Shafar emphasized that Empower's financial results reaffirm its global leadership in the district cooling market. The company's ability to meet increasing demand with service standards that exceed international benchmarks is supported by high operational readiness and the robust capacity of its extensive asset base.
Empower's efforts to capitalize on real estate momentum and broader economic growth, alongside continued investment in asset portfolio and infrastructure, are key drivers in delivering enhanced value and sustainable growth for shareholders. For the twelve-month period from April 2024 to March 2025, Empower reported consolidated revenues of AED 3.26 billion, compared to AED 3.08 billion in the previous year.
Given Empower's strategic expansions, robust financial performance, and commitment to sustainable growth, investors might consider holding their positions in the company. The company's ongoing initiatives and strong market position suggest potential for continued success in the future.
Source
Summary
Emirates Central Cooling Systems Corporation PJSC (Empower), the largest district cooling services provider globally, announced its financial results for the first quarter of 2025. The company reported a revenue of AED 540 million, a 0.4% increase from the same period in 2024, and an EBITDA of AED 297 million. The pre-tax net profit was AED 159 million, with a net profit after tax of AED 145 million for the quarter ending March 31, 2025. CEO Ahmad Bin Shafar highlighted the company's strategic expansion and its commitment to increasing its asset base to meet rising demand and strengthen market share. Empower's financial results underscore its global leadership in the district cooling market, driven by high operational readiness and a robust asset base. The company aims to deliver enhanced value and sustainable growth for shareholders by capitalizing on real estate momentum and broader economic growth. Empower reported consolidated revenues of AED 3.26 billion for the twelve months from April 2024 to March 2025.
