Dubai Electricity and Water Authority (Dewa) has achieved a major financial milestone, reporting a record-breaking net profit of Dh7.63 billion for the first nine months of 2026. This 11.7% year-on-year surge was fueled by a steady rise in demand for electricity, water, and cooling services across the emirate. Revenue also climbed to an all-time high of Dh25.74 billion, bolstered by a growing customer base that expanded by nearly 72,000 accounts. The utility's leadership attributes this strong performance to operational efficiency and sustained investment in essential infrastructure, which has successfully kept pace with the rapid economic development of Dubai.

The authority's growth is further underscored by a notable shift toward sustainability, with clean energy generation jumping 16.3% during the third quarter. By the end of September, Dewa had significantly increased its installed generation capacity, reaching 19,029 megawatts, while also expanding its desalinated water production capabilities. Looking ahead, the utility has set ambitious targets to scale its output even further by 2030, with a heavy emphasis on renewable energy. Having recently distributed Dh3.1 billion in dividends to shareholders, Dewa remains committed to its long-term financial policy, ensuring that its robust operational success continues to deliver value to investors as it supports the city’s evolving utility needs.