Dubai: Dubai Electricity and Water Authority PJSC (DEWA) reported record consolidated financial results for the first quarter of 2026, posting revenue of AED6.45 billion, EBITDA of AED2.88 billion, operating profit of AED1.29 billion, and net profit of AED0.94 billion. Saeed Mohammed Al Tayer, Vice Chairman and MD and CEO of DEWA, stated the authority's commitment to innovation and sustainability as aligned with the vision of the UAE's leadership.
According to Emirates News Agency, DEWA achieved its highest-ever first-quarter financial results with a consolidated net profit increase of nearly 90 percent compared to the same period last year. Clean energy contributed 18.5 percent of the total power generated during the quarter. DEWA also enhanced its water infrastructure by adding 60 million imperial gallons per day (MIGD) of desalination capacity, increasing the total installed water desalination capacity to 555 MIGD.
Al Tayer noted that DEWA's standalone net profit reached AED1.05 billion during the first quarter, a 55.8 percent increase from the same period in 2025. The authority distributed AED3.1 billion in dividends in April 2026 for the second half of 2025 and anticipates distributing another AED3.1 billion dividend in October 2026 for the first half of 2026, pending approvals.
Operationally, DEWA generated a record 11.09 terawatt-hours (TWh) of electricity during the first quarter, a 5.65 percent year-on-year increase. Clean energy generation accounted for 2.06 TWh, representing 18.5 percent of the total power generation. Desalinated water production reached a record 37.57 billion imperial gallons (BIG), a 5.51 percent increase compared to the same period last year.
DEWA reported the addition of 19,803 customer accounts during the quarter, with customer accounts increasing by 65,086 over the past 12 months, representing annual growth of 5.08 percent. By the end of the first quarter, DEWA's installed generation capacity reached 17,979 megawatts (MW), including 3,860 MW from clean energy sources, representing 21.5 percent of the energy mix.
The authority commissioned Block A of the Hassyan Sea Water Reverse Osmosis (SWRO) plant, adding 60 MIGD to the total water capacity. SWRO capacity now comprises 23 percent of DEWA's water production mix, with plans to add a further 120 MIGD of SWRO capacity during 2026. DEWA also commissioned two 132kV substations and 400 substations operating at 11-6.6kV.
The EV Green Charger network expanded to 2,223 charging points across Dubai, including stations licensed in partnership with government and private sector entities. In line with its dividend policy, DEWA expects to pay a minimum annual dividend of AED6.2 billion over the first five years starting from October 2022, with dividends distributed semi-annually in April and October.
DEWA held its Annual General Assembly on 2nd April, 2026, and distributed AED3.1 billion in dividends for the second half of 2025 on 20th April, 2026, based on a record date of 13th April, 2026.