Dubai – Mubasher: Dubai Electricity and Water Authority (DEWA) recorded net profits after tax of AED 7.23 billion in 2024, compared to AED 7.93 billion in 2023.
Total assets climbed to AED 185.54 billion as of 31 December 2024 from AED 181.17 billion a year earlier, as per the preliminary and unaudited consolidated financial results.
Earnings per share (EPS) declined to AED 0.14 in 2024 from AED 0.15 million a year earlier, while the revenues grew by 6.18% to AED 30.98 billion from AED 29.17 billion.
Saeed Mohammed Al Tayer, Managing Director and CEO of DEWA, said: “The 2050 Net Zero target envisioned by our wise leadership is the driver of DEWA’s long-term strategy. For 2024, our record revenue of around AED 31 billion and EBITDA of AED 16 billion, are a result of enforcing sustainability and excellence in all our plans and activities.”
In the first nine months (9M) of 2024, DEWA logged net profits attributable to the owners at AED 5.36 billion, compared with AED 5.99 billion in 9M-23.
