National Central Cooling Co.

On August 8, 2025, the National Central Cooling Company (Tabreed) held an earnings call at 3 PM to discuss its financial results for the period ending June 30, 2025. The documents related to the earnings call are available on Tabreed's Investor Relations website. The communication is addressed to Waleed Saeed Abdul Salam Al Awadhi, CEO of the Securities & Commodities Authority in Abu Dhabi, and Hamed Ahmed Ali, CEO of the Dubai Financial Market. The letter is signed by Sean Magee, the Company Secretary.

Tabreed reported a 3% year-on-year increase in revenue to AED 1.11 billion for the first half of 2025, driven by higher cooling demand and significant capacity additions. Net profit rose 2.5% to AED 276 million, supported by business growth and strong EBITDA margins. The company proposed its first-ever interim dividend of 6.5 fils per share for H1 2025. Tabreed added a record 41.6k Refrigeration Tons (RT) in H1 2025, nearly doubling the capacity added in 2024, bringing total capacity to 1.37 million RT. The acquisition of PAL Cooling is expected to add over 182k RT, ensuring long-term growth. The company also strengthened its financial position through refinancing, allowing for continued investment and dividend payouts.

On August 7, 2025, a circular resolution was passed by the Board of Directors of the National Central Cooling Company PJSC (Tabreed). The resolution, in accordance with Article 36 of the Disclosure and Transparency Regulations, approved the company's unaudited interim accounts for the period ending June 30, 2025. It also authorized the release of these accounts and a press release to the Securities and Commodities Authority and the Dubai Financial Market. Additionally, the board approved the convening of a General Assembly of shareholders at Tabreed's offices in Masdar City, Abu Dhabi, on September 15, 2025, at 11:00 am, pending approval from the Securities and Commodities Authority.

The National Central Cooling Company (Tabreed) will hold an earnings call on 8th August 2025 at 3:00 PM to discuss the financial results for the period ending 30th June 2025. The communication is addressed to H.E. Waleed Saeed Abdul Salam Al Awadhi, CEO of the Securities & Commodities Authority in Abu Dhabi, and Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market. The notice is signed by Sean Magee, the Company Secretary.

The document is a notification addressed to H.E. Waleed Saeed Abdul Salam Al Awadhi, CEO of the Securities & Commodities Authority, and Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, regarding a decision by the Board of Directors of the National Central Cooling Company PJSC. In accordance with Article 36/11 of the Disclosure and Transparency Regulations, a Circular Resolution will be distributed to the Board on 7 August 2025 at 10 am. The resolution will cover the company's financial results for the first half of 2025, ending on 30 June, as well as its business and operations. The notification is signed by Nadia Bardawil, Chief Legal Counsel.

Sean Magee, Secretary of the Board of Directors, informs H.E. Waleed Saeed Abdul Salam Al Awadhi, CEO of the Securities & Commodities Authority in Abu Dhabi, and H.E. Hamid Ali, CEO of the Dubai Financial Market, about Tabreed's acquisition of PAL Cooling Holding LLC. The acquisition involves a newly formed joint venture between Tabreed and DIF Infra 7 Participations 8 B.V., each owning 50%. The enterprise value of the transaction is approximately AED 4.1 billion, with an equity value of AED 3.8 billion, pending regulatory approvals. PAL Cooling Holding LLC fully owns eight subsidiary companies operating five district cooling plants under long-term agreements, with additional plants under development in Abu Dhabi. Further details are provided in attached forms, and contact is encouraged for more information.

Tabreed and CVC DIF have partnered to acquire PAL Cooling Holding from Multiply Group for approximately AED 3.8 billion. The acquisition includes eight long-term concessions serviced by five district cooling plants in Abu Dhabi, with significant growth potential to reach an operational connected load of around 600,000 refrigeration tons. PAL Cooling, established in 2006, is a key player in the UAE district cooling market, with partnerships with major developers like Aldar Properties. The acquisition aligns with Tabreed's strategic goals to support Abu Dhabi's real estate projects and meet the increasing demand for sustainable cooling. CVC DIF highlighted PAL Cooling's long-term contracts in a rapidly growing urban environment. The deal is pending regulatory approvals.

The UAE Ministry of Defence, in collaboration with Tabreed and Emerge, has completed a project to integrate solar energy into two district cooling plants in Abu Dhabi. This initiative, part of a partnership agreement signed in March 2024, involves the installation of approximately 4,000 solar panels, providing 2.4 megawatts of clean electricity to the cooling plants. The project aims to reduce reliance on the electricity grid during peak times and cut CO2 emissions by over 2,600 tons annually. This move aligns with the UAE Armed Forces Climate Change Strategy to reduce carbon emissions. Tabreed's CEO emphasized the company's commitment to sustainability and diversifying its energy mix, while Emerge highlighted the growing trend of distributed solar solutions in the UAE.