National Central Cooling Company (Tabreed) announced a net profit of Dh320 million for the first nine months of 2026. While the company saw a 3 per cent rise in revenue, reaching Dh1.91 billion due to expanded cooling capacity and fixed-capacity charges, overall profitability faced headwinds. Increased financing costs from new growth investments and the initial integration of the PAL Cooling joint venture led to a 2 per cent dip in Ebitda to Dh955 million. Despite these financial challenges, the firm maintained a healthy Ebitda margin of roughly 50 per cent and saw a significant 20 per cent jump in net operating cash flow, underscoring its underlying stability.

Operational growth remains a core highlight for the firm, with connected cooling capacity climbing 15 per cent to 1.59 million refrigeration tonnes. CEO Dr. Yousif Al Hammadi noted that this capacity expansion, combined with strong cash generation, validates the company’s resilient business model. Looking forward, Tabreed is focused on enhancing operational efficiency and integrating its recent acquisitions across its 99-plant portfolio, which spans the UAE, Saudi Arabia, and several other international markets. Having already issued an interim dividend of 5 fils per share, the company remains committed to balancing its ambitious growth strategy with consistent shareholder returns and disciplined debt management.