Dubai Electricity and Water Authority PJSC announces record annual operating and financial results for the year 2023

Dubai Electricity and Water Authority PJSC announces record annual operating and financial results for the year 2023

Highest recorded annual power generation of 56.1 TWh

Highest recorded annual clean power generation of 6.2 TWh

Highest recorded peak demand of 10.4 GW

Highest recorded annual desalinated water production of 143.3 BIG

Highest recorded total installed capacity of 15.7 GW

Highest recorded total clean installed capacity of 2.6 GW

Highest recorded annual emissions reduction of over 9.1 million tonnes of CO2

DEWA Consolidated*

AED 29.2 bn

AED 8.8 bn

AED 7.9 bn

AED 7.1 bn

AED 2.0 bn

AED 1.8 bn

+7% YoY

+7.6% YoY

-1.4% YoY

+5.5% YoY

+10.6% YoY

+14.6% YoY

Revenue

Op. Profit

Net Profit**

Q4, 2023

Revenue

Q4, 2023

Op. Profit

Q4, 2023

Net Profit**

*Figures are rounded off. Ratios are based on actuals.

**Net Profit is before other comprehensive income.

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 its full year 2023 preliminary and unaudited consolidated financial results, recording consolidated full year revenue of AED 29.2 billion, net profit of AED 7.9 billion and quarterly revenue of AED 7.1 billion and net profit of AED 1.8 billion. The full year audited results are expected to be released in the first week of March 2024.

DEWA’s strategy delivers record financial performance

DEWA’s annual consolidated revenue increased by 7.0% to AED 29.2 billion in