{"id":9067,"date":"2025-02-11T05:54:04","date_gmt":"2025-02-11T04:54:04","guid":{"rendered":"https:\/\/shams-alyaoum.com\/en\/?p=9067"},"modified":"2025-02-11T05:54:04","modified_gmt":"2025-02-11T04:54:04","slug":"dubai-electricity-and-water-authority-pjsc-announces-record-annual-revenue-of-aed-30-98-billion-and-an-unprecedented-ebitda-of-aed-15-70-billion-for-the-year-2024","status":"publish","type":"post","link":"https:\/\/shams-alyaoum.com\/en\/dubai-electricity-and-water-authority-pjsc-announces-record-annual-revenue-of-aed-30-98-billion-and-an-unprecedented-ebitda-of-aed-15-70-billion-for-the-year-2024\/","title":{"rendered":"Dubai Electricity and Water Authority PJSC announces record annual revenue of AED 30.98 billion and an unprecedented EBITDA of AED 15.70 billion for the year 2024"},"content":{"rendered":"

\n\n\n\n\n\n\n
\n

Full Year 2024*<\/span><\/strong><\/span><\/p>\n<\/td>\n

\n

Q4, 2024*<\/span><\/strong><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

AED 30.98 billion<\/span><\/strong><\/span><\/p>\n<\/td>\n

\n

AED 15.70 billion<\/span><\/strong><\/span><\/p>\n<\/td>\n

\n

AED 7.45 billion<\/span><\/strong><\/span><\/p>\n<\/td>\n

\n

AED 3.95 billion<\/span><\/strong><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

+6.18% YoY<\/span><\/p>\n<\/td>\n

\n

+6.25% YoY<\/span><\/p>\n<\/td>\n

\n

+6.13% YoY<\/span><\/p>\n<\/td>\n

\n

+11.11% YoY<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

vs. 2023<\/span><\/p>\n

Revenue<\/span><\/p>\n<\/td>\n

\n

vs. 2023<\/span><\/p>\n

EBITDA<\/span><\/p>\n<\/td>\n

\n

vs. Q4, 2023<\/span><\/p>\n

Revenue<\/span><\/p>\n<\/td>\n

\n

vs. Q4, 2023<\/span><\/p>\n

EBITDA<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

*Figures are rounded. Ratios are based on actuals.<\/span><\/em><\/p>\n

\n

Dubai Electricity and Water Authority PJSC (ISIN:\u00a0AED001801011<\/strong>) (Symbol:\u00a0DEWA<\/strong>), the Emirate of Dubai\u2019s exclusive electricity and water services provider, which is listed on the Dubai Financial Market (DFM<\/strong>), today reported its full year 2024\u00a0preliminary and unaudited<\/u>\u00a0consolidated financial results. DEWA Group recorded consolidated full year revenue of AED 30.98 billion, EBITDA of AED 15.70 billion and net profit after tax of AED 7.24 billion. For Q4, 2024, DEWA Group reported revenue of AED 7.45 billion, EBITDA of AED 3.95 billion and net profit after tax of AED 1.76 billion.<\/span><\/p>\n

DEWA\u2019s strategy delivers record financial performance<\/span><\/strong><\/span><\/p>\n

DEWA\u2019s consolidated annual revenue increased by 6.18% to AED 30.98 billion\u00a0in 2024\u00a0primarily driven by rising demand for electricity, water and cooling services. On a like-for-like basis, DEWA Group delivered an annual profit before tax increase of 1.81% to AED 7.98 billion.<\/span><\/p>\n

Annual Operating Performance Summary:<\/span><\/strong><\/span><\/p>\n

In 2024, DEWA generated 59.19 TWh of power, marking a 5.42% annual increase from the 56.14 TWh recorded in 2023. Notably, DEWA generated 6.62 TWh of clean power during the year, a 7.47% increase over the previous year. This clean power accounted for 11.2% of the total power generated in 2024. DEWA experienced a noteworthy 3.4% increase in its annual peak demand compared to 2023, reaching 10.76 GW in 2024. The system desalinated water production in 2024 grew by 5.0% compared to the previous year, reaching a record of 150.48 billion imperial gallons. The daily peak desalinated water demand reached 455 MIGD, a 4.92% increase over the previous year. At the end of 2024, DEWA had 1,270,285 customer accounts, adding 58,810 accounts during the year, an impressive 4.85% increase over previous year.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Full Year 2024* Q4, 2024* AED 30.98 billion AED 15.70 billion AED 7.45 billion AED 3.95 billion +6.18% YoY +6.25% YoY +6.13% YoY +11.11% YoY vs. 2023 Revenue vs. 2023 EBITDA vs. Q4, 2023 Revenue vs. Q4, 2023 EBITDA *Figures are rounded. Ratios are based on actuals. Dubai Electricity and Water Authority PJSC (ISIN:\u00a0AED001801011) (Symbol:\u00a0DEWA), …<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28,26,17,20,25,2,24,23,27],"tags":[9,1338,1340,1281,1280],"class_list":["post-9067","post","type-post","status-publish","format-standard","hentry","category-company","category-culture","category-economy","category-health","category-journalism","category-news","category-policy","category-sport","category-videos","tag-business","tag-consumer","tag-energy","tag-government","tag-technology"],"yoast_head":"\nDubai Electricity and Water Authority PJSC announces record annual revenue of AED 30.98 billion and an unprecedented EBITDA of AED 15.70 billion for the year 2024 - Magazine Shams Al Yaoum<\/title>\n<meta name=\"description\" content=\"Full Year 2024* Q4, 2024* AED 30.98 billion AED 15.70 billion AED 7.45 billion AED 3.95 billion +6.18% YoY +6.25% YoY +6.13% YoY +11.11% YoY vs. 2023\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/shams-alyaoum.com\/en\/dubai-electricity-and-water-authority-pjsc-announces-record-annual-revenue-of-aed-30-98-billion-and-an-unprecedented-ebitda-of-aed-15-70-billion-for-the-year-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dubai Electricity and Water Authority PJSC announces record annual revenue of AED 30.98 billion and an unprecedented EBITDA of AED 15.70 billion for the year 2024 - 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