Dubai Electricity and Water Authority PJSC (DEWA) has just unveiled its financial performance for the first nine months of 2025, and it's nothing short of impressive! With a revenue of AED 24.9 billion and an operating profit of AED 8.3 billion, DEWA is setting new records. But here's where it gets even more fascinating. The company's EBITDA stood at AED 13.1 billion, and its net profit reached a staggering AED 6.8 billion. These figures represent a remarkable +5.9% year-over-year growth in revenue and a +21.5% growth in operating profit. And if you think that's all, the company's cash from operations was a whopping AED 15.2 billion. This is a testament to DEWA's strong performance and its ability to scale reliable, efficient, and future-ready systems. But what's even more intriguing is how DEWA is building infrastructure that is not only reliable and efficient but also smarter and more sustainable. With the momentum from the first three quarters, DEWA is poised to exceed its 2024 financial results for the full year. And that's not all. In October 2025, DEWA paid a dividend of AED 3.1 billion for H1 of 2025. So, what's the secret behind DEWA's success? It's all about the vision and directives of the wise leadership of the Emirate of Dubai, and DEWA's disciplined execution of its strategy. As Dubai continues to grow, DEWA is scaling reliable, efficient, and future-ready systems from clean energy generation and water security to grid digitalisation and intelligent storage. But here's where it gets controversial... Some might argue that DEWA's success is due to its monopoly in the Emirate of Dubai. However, DEWA's performance is a testament to its ability to execute its strategy effectively, regardless of the market conditions. So, what do you think? Is DEWA's success due to its monopoly, or is it the result of its disciplined execution of its strategy? Share your thoughts in the comments below!
