Dubai Electricity and Water Authority (DEWA) posted its highest-ever quarterly revenue in the first three months of 2026, with income rising 8% year on year to AED 8.2 billion, as sustained demand for power, water, and cooling services across the emirate drove a near-doubling of net profit.
Net earnings reached AED 940 million for the quarter ending 31 March, up 90% on the same period last year. Power generation hit a record 11.09 terawatt-hours, a 6% increase year on year, with clean energy accounting for 19% of total output.
Desalinated water production also rose 6%, and DEWA expects to add 120 million imperial gallons per day of additional desalination capacity this year. The state-owned utility, 82% held by the Dubai Investment Fund, trades on the Dubai Financial Market, where its share price closed at AED 2.70 – up nearly 2% year to date.
Gulf Economist Staff Writer