DEWA profit hits Dh3.33 billion as Dubai energy demand climbs

Dubai Electricity and Water Authority (DEWA) reported its highest-ever first-half revenue of Dh14.86 billion for the period ending 30 June 2026. The utility provider confirmed on Friday, 14 August, that revenue rose 1.8 per cent year-on-year, while net profit reached Dh3.33 billion during the first six months of the year. Increased Demand Drives Growth The record financial performance was primarily driven by a surge in demand for electricity and water services across the emirate. Total consolidated revenue reached Dh14.86 billion, supported by the increasing population and expanded economic activity in Dubai. The utility provider noted that the demand for electricity increased as the city continues its urban expansion and industrial growth. The announcement follows the official release of H1 2026 financial results, which demonstrate the utility's capacity to scale operations alongside Dubai's infrastructure requirements. The 1.8 per cent revenue growth compared to the same period in 2025 indicates a steady upward trajectory in utility consumption across residential and commercial sectors. Infrastructure and Investor Returns DEWA has consistently maintained a high dividend policy, and these results are expected to support upcoming shareholder payouts. The utility operates a vast network of power plants and desalination units, including the Mohammed bin Rashid Al Maktoum Solar Park, which contributes to its diversified energy mix. The increase in revenue suggests that recent…