Empower H1 Net Profit After Tax Rises to AED468 Million

Abu dhabi: Emirates Central Cooling Systems Corporation PJSC (Empower) reported first-half revenue of AED1.519 billion, up 4.5 percent from a year earlier, while net profit after tax rose 16.2 percent to AED468 million.

According to Emirates News Agency, EBITDA reached AED773 million, reflecting year-on-year growth of 7.5 percent, while profit before tax amounted to AED514 million, an increase of 16.2 percent compared to the first half of 2025. Ahmad bin Shafar, CEO of Empower, noted that the record results reflect the strength of Empower's business model and operational resilience. He highlighted the company's alignment with the UAE's leadership vision, contributing to Dubai's status as a global hub for business, investment, and sustainability.

Over the 12 months from July 2025 to June 2026, Empower's consolidated revenue reached AED3.49 billion, a growth of 3.7 percent from the previous year. In March 2026, the company's Annual General Meeting approved a cash dividend distribution of AED437.5 million for the second half of 2025, which was subsequently distributed to shareholders.

The first half of 2026 also saw Empower's contracted capacity grow, with 61 new contracts signed to supply 73,415 refrigeration tonnes (RT) across Dubai. This increased the total contracted capacity to 2.02 million RT, meeting the demand for environmentally friendly cooling services. The company's connected capacity increased to 1.71 million RT, and the number of buildings served rose to 1,796.

Empower inaugurated an advanced Command Control Centre and a Customer Happiness Centre at its new headquarters in Al Jadaf, Dubai. Additionally, the company announced a contract for the design of its fifth district cooling plant in Business Bay, set to have a production capacity of up to 44,000 RT.

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