Tabreed's FY 2025 Financial Performance: A Year of Strategic Growth and Stability

National Central Cooling Company PJSC (DFM: TABREED), a global leader in district cooling, has announced its financial results for the fiscal year ending December 31, 2025. The company reported a revenue of AED 2.46 billion, marking a 1% year-on-year increase, while net profit stood at AED 465 million. This performance underscores Tabreed's resilience and strategic focus on capacity expansion and operational efficiency.

Key Performance Indicators (KPIs)

Year-on-Year KPI Changes

Analysis

Tabreed's FY 2025 results reflect a strategic focus on capacity expansion and operational efficiency. The company's revenue growth was supported by a 19% increase in connected capacity, reaching 1.57 million Refrigeration Tons. Despite a slight decline in consumption volumes due to colder weather, Tabreed maintained stable revenue through fixed capacity charges.

The company's EBITDA margin remained robust at 51.6%, highlighting its operational efficiency and cost management. The increase in net profit was achieved despite higher finance costs associated with refinancing and new debt for strategic acquisitions.

Overall, Tabreed's financial performance demonstrates its ability to navigate market challenges while pursuing growth opportunities. The company's strategic initiatives, including the acquisition of PAL Cooling and the expansion of its plant network, position it well for future growth.

Conclusion

For investors, Tabreed's FY 2025 performance indicates a stable and resilient business model, supported by strategic expansion and operational efficiencies. The company's focus on capacity growth and cost management provides a solid foundation for sustained profitability and shareholder value.