Dewa, led by Vice Chairman, Managing Director and CEO Saeed Mohammed Al Tayer, generated Dh25.74 billion in revenue in the nine-month period, a 3.3% year-on-year increase and its highest revenue for that period. EBITDA rose 2.1% to Dh13.43 billion, operating profit increased 2.3% to Dh8.52 billion, and profit before tax reached Dh8.37 billion.

Cash generated from operations totalled Dh14.59 billion during the first nine months of 2026. Al Tayer said the results reflected the utility's business model and operational efficiency, adding that Dewa continued to invest in electricity and water infrastructure to meet Dubai's economic growth and rising demand.

Third-quarter demand and generation

In the third quarter, profit after tax increased 9.2% year on year to Dh4.30 billion, while revenue grew 5.4% to Dh10.87 billion. Quarterly EBITDA was Dh6.11 billion and operating profit stood at Dh4.45 billion.

Dewa's customer accounts rose 5.5% from a year earlier to 1,380,844 at the end of September 2026, an increase of nearly 72,000 accounts.

Gross electricity generation in the third quarter reached 21.37 terawatt hours, up 4.13% from 20.53 terawatt hours a year earlier. Clean-energy generation rose 16.3% to 3.22 terawatt hours, representing 15.1% of total electricity generation for the quarter.

Peak electricity demand was 11.682 gigawatts, 2.55% higher than in the same period last year. The authority produced 43.99 billion imperial gallons of desalinated water during the quarter, while peak daily water demand reached 483 million imperial gallons.

Capacity plans and dividend schedule

By the end of September, Dewa's installed electricity generation capacity was 19,029 megawatts, including 4,910 megawatts of clean-energy capacity. Desalinated water production capacity reached 615 million imperial gallons per day, compared with 495 million imperial gallons per day a year earlier.

The utility plans to exceed 23 gigawatts of installed generation capacity and raise desalinated water production capacity to 735 million imperial gallons per day by the end of 2030. It expects about 8.3 gigawatts of its planned generation capacity to come from renewable energy.

Dewa paid Dh3.1 billion in dividends to shareholders on October 28, 2026, for the first half of the year. Under its dividend policy, it expects to pay a minimum annual dividend of Dh6.2 billion during the first five years beginning in October 2022. The next payment, for the second half of 2026, is scheduled for April 2027, subject to required approvals.