Dubai Electricity and Water Authority (PJSC) (DFM:DEWA)
United Arab Emirates · Delayed Price · Currency is AED 2.670
+0.010 (0.38%)
At close: Mar 16, 2026
DFM:DEWA Income Statement
Financials in millions AED. Fiscal year is January - December.
Millions AED. Fiscal year is Jan - Dec.
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
| 32,842 | 30,977 | 29,178 | 27,336 | 23,824 | |
Revenue Growth (YoY) | 6.02% | 6.17% | 6.74% | 14.74% | 7.02% |
Operations & Maintenance | 1,001 | 860.35 | 730.84 | 724.07 | 947.25 |
Selling, General & Admin | 654.89 | 616.39 | 522.07 | 522.92 | 689.73 |
Depreciation & Amortization | 236.14 | 295.09 | 240.69 | 301.33 | 335.59 |
Amortization of Goodwill & Intangibles | 102.13 | 72.63 | 71.71 | 74.58 | 80.72 |
Provision for Bad Debts | -94.94 | -97.94 | 47.24 | 144.53 | 77.87 |
Other Operating Expenses | 20,753 | 20,287 | 19,123 | 17,406 | 15,481 |
Total Operating Expenses | 22,652 | 22,033 | 20,735 | 19,174 | 17,612 |
Operating Income | 10,190 | 8,944 | 8,443 | 8,162 | 6,212 |
Interest Expense | -1,825 | -2,129 | -1,617 | -643.21 | -380.9 |
Interest Income | 400.66 | 351.49 | 414.47 | 201.08 | 136.02 |
Net Interest Expense | -1,424 | -1,778 | -1,203 | -442.13 | -244.88 |
Income (Loss) on Equity Investments | - | - | - | - | 0.5 |
Other Non-Operating Income (Expenses) | 475.37 | 436.17 | 287.1 | 272.58 | 596.7 |
EBT Excluding Unusual Items | 9,241 | 7,603 | 7,527 | 7,992 | 6,564 |
Gain (Loss) on Sale of Investments | - | - | - | - | -10.74 |
Gain (Loss) on Sale of Assets | 1.82 | 4.68 | 0.4 | 0.31 | - |
Insurance Settlements | 130.95 | 353.31 | 23.17 | 40.06 | - |
Other Unusual Items | 628.94 | 22.2 | 290.8 | 13.88 | - |
Pretax Income | 10,003 | 7,983 | 7,842 | 8,046 | 6,553 |
Income Tax Expense | 947.6 | 748.91 | -91.9 | - | - |
Earnings From Continuing Ops. | 9,055 | 7,234 | 7,934 | 8,046 | 6,553 |
Minority Interest in Earnings | -708.46 | -221.53 | -232.94 | -323.54 | -430.34 |
Net Income | 8,347 | 7,013 | 7,701 | 7,723 | 6,123 |
Net Income to Common | 8,347 | 7,013 | 7,701 | 7,723 | 6,123 |
Net Income Growth | 19.03% | -8.94% | -0.29% | 26.13% | 20.18% |
Shares Outstanding (Basic) | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 |
Shares Outstanding (Diluted) | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 |
EPS (Basic) | 0.17 | 0.14 | 0.15 | 0.15 | 0.12 |
EPS (Diluted) | 0.17 | 0.14 | 0.15 | 0.15 | 0.12 |
EPS Growth | 19.03% | -8.94% | -0.29% | 26.13% | 20.19% |
Free Cash Flow | 11,260 | 8,168 | 9,713 | 5,602 | -2,248 |
Free Cash Flow Per Share | 0.23 | 0.16 | 0.19 | 0.11 | -0.04 |
Dividend Per Share | 0.124 | 0.124 | 0.124 | 0.124 | - |
Profit Margin | 25.41% | 22.64% | 26.39% | 28.25% | 25.70% |
Free Cash Flow Margin | 34.29% | 26.37% | 33.29% | 20.49% | -9.44% |
EBITDA | 16,779 | 15,421 | 14,468 | 13,536 | 11,428 |
EBITDA Margin | 51.09% | 49.78% | 49.59% | 49.52% | 47.97% |
D&A For EBITDA | 6,589 | 6,477 | 6,025 | 5,374 | 5,216 |
EBIT | 10,190 | 8,944 | 8,443 | 8,162 | 6,212 |
EBIT Margin | 31.03% | 28.87% | 28.94% | 29.86% | 26.07% |
Effective Tax Rate | 9.47% | 9.38% | - | - | - |
Source: S&P Global Market Intelligence. Utility template. Financial Sources.