Abu dhabi: Abu Dhabi National Energy Company PJSC (TAQA) today announced its financial results for the first half of 2025. The group delivered a 4.5 percent year-on-year increase in revenue for H1 2025, reaching AED28.4 billion. This growth was led by higher pass-through costs in the Transmission and Distribution (TandD) segment. EBITDA reached AED10.2 billion, while net income stood at AED3.7 billion. Underlying profitability in TAQA's core utilities businesses remained strong.
According to Emirates News Agency, Mohamed Hassan Alsuwaidi, Minister of Investment and Chairman of TAQA, emphasized that TAQA continues to deliver across its core businesses and new growth markets, which reflects the strength of its long-term strategy. He highlighted that during the first half of the year, the group advanced its position as a critical enabler of infrastructure development, both within the UAE and internationally.
Alsuwaidi stated that as the business evolves, their focus remains on disciplined execution and creating lasting value for shareholders, while supporting the broader energy transition and economic diversification goals of the UAE and the markets they operate in. Jasim Husain Thabet, TAQA's Group Chief Executive Officer and Managing Director, remarked on TAQA's performance, noting the strength of their integrated utility model and their ability to consistently deliver value in dynamic market conditions. Despite challenges, TAQA continued to make progress on priority projects across generation, water, and transmission, increasing system flexibility and expanding their global portfolio.
The group successfully reduced its gross debt position to AED61.7 billion, enabled by scheduled repayments and the maturity of a corporate bond. Simultaneously, TAQA accelerated investment in future capacity, with AED5.2 billion in capital expenditure directed toward flexible generation, transmission upgrades, and strategic desalination projects. Looking ahead, TAQA remains focused on advancing its strategic priorities, expanding low-carbon power and water solutions, strengthening grid infrastructure, and enabling energy transition across its markets.
The group continues to support national decarbonisation goals while delivering reliable returns to shareholders through disciplined execution and long-term investment.