Dubai Electricity and Water Authority (PJSC) (DFM:DEWA)
United Arab Emirates flag United Arab Emirates · Delayed Price · Currency is AED
2.760
+0.010 (0.36%)
Sep 17, 2026, 2:55 PM GST

DFM:DEWA Financials Overview

Millions AED. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
33,10532,84230,97729,17827,33623,824
Revenue Growth
3.73%6.02%6.17%6.74%14.74%7.02%
Net Income
8,7858,3477,0137,7017,7236,123
Earnings Per Share
0.180.170.140.150.150.12
EPS Growth
21.00%19.03%-8.94%-0.29%26.13%20.19%

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Sale of Electricity
20,66520,77019,66818,67717,51915,100
Sale of Water
6,2066,1025,6965,3995,1724,342
Distric Cooling
3,4483,4023,2403,0182,7662,457
Other Services
2,7862,5672,3732,0841,8791,926

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
17,92818,34614,22213,47816,44611,355
Total Debt
44,35338,68936,22338,92440,73129,187
Net Cash (Debt)
-26,425-20,343-22,001-25,446-24,285-17,832
Net Cash Growth
------
Net Cash Per Share
-0.53-0.41-0.44-0.51-0.49-0.36

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
20,46721,85017,43516,51814,23210,020
Capital Expenditures
-10,350-10,590-9,267-6,805-8,630-12,268
Free Cash Flow
10,11711,2608,1689,7135,602-2,248
Free Cash Flow Growth
-12.17%37.86%-15.90%73.40%--

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Pretax Margin
31.50%30.46%25.77%26.88%29.44%27.51%
Profit Margin
26.54%25.41%22.64%26.39%28.25%25.70%
FCF Margin
30.56%34.29%26.37%33.29%20.49%-9.44%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22
Dividend Per Share
0.1240.1240.1240.1240.124
Dividend Per Share Growth
0%0%0%0%-
Dividend Yield
4.56%4.58%4.68%5.69%6.43%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
15.6516.5920.2515.9715.02-
Forward PE
16.0317.2519.3317.4815.19-
P/FCF Ratio
13.5912.3017.3912.6620.71-
PS Ratio
4.154.224.584.224.24-