DEWA announces record standalone 2022 net profit of AED 11.1bln

DEWA announces record standalone 2022 net profit of AED 11.1bln

- Delivers the best full year consolidated and standalone financial performance in its operating history

- Reports a record full year 2022 consolidated net profit of AED 8.0 billion (up by 22%) and full year 2022 standalone net profit of AED 11.1 billion (up by 101%)

- Reports robust fourth quarter 2022 consolidated net profit of AED 1.5bn (up by 25%)

- Reports higher gross, operating and net profit margins for 2022 compared to 2021

- Subject to shareholder approval, DEWA will pay an additional AED 1.67 billion as a special one-time dividend to shareholders in April 2023

- For the full year 2022, DEWA has increased its total dividend pay-out to its shareholders to AED 9.90bn, representing a 60% increase from the company’s minimum annual dividend policy

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DEWA Consolidated

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DEWA Standalone

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AED 6.7 bn

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AED 1.5 bn

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AED 27.4 bn

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AED 8.0 bn

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AED 25.2 bn

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AED 11.1 bn

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+14% YoY

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+25% YoY

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+15% YoY

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+22% YoY

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+16% YoY

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+101% YoY

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Q4, 2022

Revenue

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Q4, 2022

Net Profit

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Revenue

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Net Profit

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Revenue

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Net Profit

Dubai, UAE: Dubai Electricity and Water Authority PJSC (ISIN: AED001801011) (Symbol: DEWA), the Emirate of Dubai’s exclusive electricity and water services provider, which is listed on the Dubai Financial Market (DFM), today reported