Dubai Electricity and Water Authority (DEWA) ended the first nine months of 2026 with Dh7.63 billion in profit after tax, 11.7% higher year over year, as customer accounts and third-quarter electricity use both increased.
Revenue for the nine-month period reached Dh25.74 billion, up 3.3% from Dh24.92 billion a year earlier. DEWA said the revenue and profit totals were its highest for any nine-month period. Earnings before interest, taxes, depreciation and amortization rose 2.1% to Dh13.43 billion, operating profit increased 2.3% to Dh8.52 billion, and cash from operations totaled Dh14.59 billion.
Third-quarter revenue advanced 5.4% to Dh10.87 billion, while profit after tax rose 9.2% to Dh4.30 billion. Electricity generation totaled 21.37 terawatt-hours (TWh), 4.13% above the year-earlier quarter. Peak demand reached 11.682 gigawatts, up 2.55%.
DEWA listed 1,380,844 customer accounts at Sept. 30, 5.5% more than a year earlier. Clean sources supplied 3.22 TWh during the quarter, or 15.1% of gross generation, about 16.3% above the year-earlier level.
Installed electricity generation capacity stood at 19,029 megawatts as of Sept. 30, including 4,910 MW of clean energy capacity. DEWA expects total installed capacity to exceed 23 GW by the end of 2030, with about 8.3 GW from renewable sources. The authority also produced 43.99 billion imperial gallons of desalinated water in the third quarter; it plans to increase water production capacity from 615 million imperial gallons per day to 735 million by 2030.
DEWA paid shareholders Dh3.1 billion on Oct. 28 for the first half of 2026. The next payment, covering the second half, is set for April 2027, pending approvals.
