DEWA’s record profit for the first half of 2026 reached AED3.33 billion, a rise of 15.02 percent from the same period last year. Behind that single figure sits a simple story. More people and businesses in Dubai are using power, water and cooling, and the utility is selling more of all three.
The DEWA record profit was one of four results to hit a first-half high. Revenue reached AED14.86 billion. EBITDA, a measure of core earnings before interest, tax and accounting charges, came in at AED7.32 billion. Operating profit landed at AED4.07 billion. The DEWA net profit line, up 15.02 percent, drew most of the coverage.
Where the growth came from
Demand did much of the work. Dubai Electricity and Water Authority added 18,220 customer accounts in the second quarter alone. Over the year to 30 June 2026, the account base grew by 72,718, or 5.63 percent. When a customer list expands at that pace, revenue tends to follow.
Supply kept up. The company generated 15.78 TWh of electricity in the second quarter. It also produced 40.25 billion imperial gallons of desalinated water, the drinking supply a desert city leans on.
How DEWA’s record profit links to clean energy
DEWA clean energy is a growing part of the picture. In the second quarter, clean sources supplied 3.14 TWh, or 19.9 percent of all power generated. By the close of the first half, installed capacity stood at 17,979 MW, with 3,860 MW from clean sources. That share works out to 21.5 percent of the energy mix.
Water infrastructure grew too. DEWA switched on Block A of the Hassyan Sea Water Reverse Osmosis plant, adding 60 MIGD of capacity. Reverse osmosis, which pushes seawater through fine membranes, now covers 23 percent of the utility’s desalination. Another 120 MIGD of that technology is planned this year.
The 2030 targets are on track. The plan stretches well past this report. By the end of 2030, the company aims for more than 23 GW of installed power capacity and 735 MIGD of water production. Around 8.3 GW of the power, or 36.1 percent, would come from renewable sources. For water, 308 MIGD would use reverse osmosis run on renewable energy.
What it means for shareholders
Here is the part investors watch. DEWA dividend payments follow a set policy. The company plans a minimum of AED6.2 billion a year across its first five years as a listed firm, split into two payments each April and October.
In April 2026, the utility paid AED3.1 billion for the second half of 2025. A further AED3.1 billion for the first half of 2026 is expected in late October, subject to approvals. Saeed Mohammed Al Tayer, Vice Chairman and MD & CEO, confirmed the plan alongside the DEWA H1 2026 results.
Strip away the detail, and DEWA’s record profit rests on one trend. A growing city needs more power and water, and the firm that supplies both is turning that demand into steady earnings and regular payouts.
