Empower H1 2026 results: revenues rise to AED 1.519bn, net profit up 16.2%
Empower reports H1 2026 revenues of AED 1.519 billion and net profit after tax of AED 468 million, underscoring growth and sustained demand for district cooling in Dubai.
Empower reported strong first-half results for 2026, with consolidated revenue of AED 1.519 billion for January–June 2026 and net profit after tax of AED 468 million.
The company said these figures represent a 4.5 percent increase in revenue and a 16.2 percent rise in net profit compared with the same period in 2025, reflecting higher demand for district cooling services across Dubai.
H1 2026 results in detail
Empower recorded earnings before interest, taxes, depreciation and amortisation of AED 773 million for the six months to June 30, 2026, an increase of 7.5 percent year on year.
Profit before tax reached AED 514 million, up 16.2 percent compared with the first half of 2025, underscoring improved operating leverage as the business scales.
Revenue growth and operational drivers
Management attributed the revenue rise to increased uptake of district cooling capacity tied to new and expanding developments across Dubai.
Operational resilience and capacity utilisation gains supported higher top-line performance even amid continued investment in network expansion and efficiency projects.
CEO highlights resilience and sustainability role
Chief Executive Ahmed bin Sheffar described the H1 2026 performance as a validation of Empower’s business model and operational flexibility.
He said the results showcase the company’s ability to keep pace with Dubai’s rapid urban and economic growth while advancing low‑carbon cooling infrastructure.
Twelve‑month consolidated performance
On a rolling 12‑month basis from July 1, 2025, to June 30, 2026, Empower’s consolidated revenue reached AED 3.49 billion.
That compares with AED 3.36 billion for the year from July 1, 2024, to June 30, 2025, representing growth of 3.7 percent and reflecting steady demand across the portfolio.
Dividend approval and shareholder returns
Empower’s general assembly in March 2026 approved a cash dividend for the second half of 2025 totaling AED 437.5 million.
The payout equated to 4.375 fils per share, representing 43.75 percent of the company’s paid capital, and was distributed to shareholders in line with the approved timetable.
Strategic outlook and urban infrastructure role
Executives reiterated that district cooling has become foundational to sustainable urban development in Dubai by improving energy efficiency and reducing carbon footprints.
Empower said it will continue investing in advanced cooling technologies and network capacity to support the emirate’s growth and its sustainability objectives.
Overall, Empower’s H1 2026 results point to healthy margin expansion and stable cash generation as the company scales its district cooling services across Dubai.
With consolidated revenues up on a 12‑month basis and a substantial dividend distributed in March 2026, Empower positions itself as a key infrastructure provider supporting the city’s development and environmental targets.
