Dubai Electricity and Water Authority (DEWA) posted a record net profit of AED3.33 billion ($906.6 million) for the first half of 2026, up 15.02 percent year-on-year, as customer numbers and demand for electricity, water and cooling services kept climbing across Dubai.

The utility's consolidated revenue reached AED14.86 billion ($4.05 billion) for the period, with EBITDA of AED7.32 billion ($1.99 billion) and operating profit of AED4.07 billion ($1.11 billion). All four metrics mark DEWA's highest-ever first-half figures.

Growth in customers and generation

DEWA added 18,220 new customer accounts in the second quarter alone, and 72,718 over the past twelve months, a 5.63 percent year-on-year increase. In Q2 2026, the authority generated 15.78 TWh of electricity, of which 3.14 TWh came from clean power sources, representing 19.9 percent of total generation for the quarter.

Desalinated water production in Q2 2026 reached 40.25 billion imperial gallons. DEWA's installed generation capacity stood at 17,979 MW by the middle of 2026, with 3,860 MW, or 21.5 percent of the mix, coming from clean energy sources.

HE Saeed Mohammed Al Tayer, Vice Chairman and Managing Director & CEO of DEWA, said: "DEWA delivered record results in the first half of 2026, achieving its highest-ever first-half revenue, EBITDA, operating profit and net profit. Net profit increased by 15.02 percent to AED3.33 billion, supported by sustained first-half demand for electricity, water and cooling services, continued customer growth and disciplined operational performance."

He added: "During the second quarter, clean energy accounted for 19.9 percent of total power generated. These results reflect the continued strength of Dubai's economy, the resilience of DEWA's business model and our commitment to sustainability, operational excellence and long-term shareholder value. Subject to the necessary approvals, we expect to distribute a further AED3.1 billion in October 2026."

Desalination capacity expands

DEWA commissioned Block A of the Hassyan Sea Water Reverse Osmosis plant during the period, adding 60 million imperial gallons per day (MIGD) to its desalination capacity. Reverse osmosis technology now accounts for 23 percent of DEWA's total desalination capacity, and the authority expects to add a further 120 MIGD of this capacity during 2026.

Looking further ahead, DEWA plans to grow total installed power generation capacity beyond 23 GW by the end of 2030, with roughly 8.3 GW, or 36.1 percent, coming from renewable sources. On the water side, it targets desalinated water production capacity of 735 MIGD by 2030, of which 308 MIGD will come from seawater reverse osmosis powered by renewable energy.

Dividend payments continue

DEWA's shareholders benefit from a minimum annual dividend policy of AED6.2 billion, in place for the first five years starting October 2022 and paid in two instalments each April and October. Following its Annual General Assembly on April 2, 2026, DEWA distributed a dividend of AED3.1 billion for the second half of 2025 on April 20, 2026, with a record date of April 13, 2026.