1. United Arab Emirates Stocks

  2. •

    Utilities

  3. •

    Diversified Utilities
Dubai Electricity and Water Authority (PJSC)

Dubai Electricity and Water Authority (PJSC)

DEWA.AE
Dubai Electricity and Water Authority (PJSC)AE flagDubai Financial Market
2.81
AED
+0.02
- -
140.50BMarket Cap
Dubai Electricity and Water Authority (PJSC)
DEWA.AE
(Dubai Financial Market)

Recent

price

2.81

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2020
2021
2022
2023
2024
2025
TTM
FRC
0.29
0.31
0.33
0.36
0.38
0.41
0.43
0.45
0.48
0.55
0.58
0.62
0.66
0.67
Revenue per Share
0.09
0.09
0.09
0.11
0.12
0.12
0.13
0.1
0.12
0.15
0.15
0.14
0.17
0.18
Basic EPS, GAAP
0.05
0.08
0.11
0.12
0.14
0.12
0.07
-0.09
-0.05
0.11
0.19
0.16
0.22
0.22
Free Cash Flow per Basic Share
- -
- -
0.01
0.01
0.01
0.01
0.02
0.03
0.04
0.3
0.16
0.12
0.12
0.06
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
0.01
0.96
0.96
0.97
1.02
0.94
Book Value per Share
0.96
1.04
1.12
1.22
1.36
1.5
1.65
1.8
1.86
1.84
1.84
1.89
1.94
1.86
Tangible Book Value per Share
50,000
50,000
50,000
50,000
50,000
50,000
50,000
50,000
50,000
50,000
50,000
50,000
50,000
50,000
Basic Weighted Avg Shares
14,704
15,715
16,492
17,805
19,067
20,605
21,602
22,462
23,824
27,336
29,178
30,977
32,842
33,329
Sales/Revenue/Turnover
40.83
38.88
36.78
36.79
37.44
31.83
31.59
25.05
26.4
29.52
28.57
28.09
29.94
30.87
Operating Margin (%)
2,166
2,535
2,820
3,028
3,093
3,521
3,707
4,790
5,313
5,461
6,127
6,568
6,709
6,755
Depreciation Expense
4,338
4,596
4,671
5,359
6,175
6,039
6,428
5,095
6,123
7,723
7,701
7,013
8,347
8,754
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
9.38
9.47
9.15
Effective Tax Rate (%)
29.5
29.24
28.32
30.1
32.39
29.31
29.76
22.68
25.7
28.25
26.39
22.64
25.42
26.26
Profit Margin (%)
-2,519
-3,469
-498
1,080
-1,490
2,053
2,491
457
-19
5,120
-7,490
-6,279
-2,819
-2,196
Working Capital
21,408
16,942
18,125
14,392
10,234
10,960
9,288
16,549
23,338
37,342
27,358
28,854
31,958
37,441
LT Debt
47,788
51,887
56,179
60,858
67,859
75,035
82,827
90,022
93,592
92,380
92,701
94,988
97,770
93,480
Total Equity
- -
8.48
8.19
8.47
8.9
7.84
7.48
5.49
5.5
6.39
- -
5.98
6.61
6.98
Return on Invested Capital (%)
- -
25.02
27.03
32.16
40.99
48
48.96
31.48
26.26
13.46
- -
9.6
9.71
10.11
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
2,449.24
31.95
16.11
14.56
16.8
18.83
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
6,803
6,673
6,334
LT Borrowings
29,955
31,922
37,409
LT Finance Leases
34
36
33
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
50,000
50,000
50,000
Market Capitalization
135,500
138,500
134,500

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
24,180
23,688
24,351
Cash, Cash Equivalents & STI
15,368
17,062
17,999
Accounts Receivable, Net
4,893
3,429
3,234
Inventories
1,428
1,487
1,488
Total Current Liabilities
30,160
26,507
26,547
Payables & Accruals
- -
- -
- -
ST Debt
6,803
6,673
6,334
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.79%
1.69%
2.93%
Free Cash Flow
-52.03%
-52.32%
37.81%
Net Income, GAAP
6.96%
11.22%
19.03%
Sales/Revenue/Turnover
7.17%
7.95%
6.02%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5,800
7,864
9,870
7,443
30,977
2025
5,964
8,638
10,316
7,924
32,842
2026
6,452
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.04
0.06
- -
0.14
2025
0.01
0.05
0.07
- -
0.17
2026
0.02
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.12
2025
- -
- -
- -
- -
0.12
2026
- -
- -
- -
- -
- -
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Business
Dubai Electricity and Water Authority (PJSC) (DEWA.AE) operates as the exclusive utility provider of electricity and water services across the Emirate of Dubai, managing generation, transmission, distribution, and customer services for over 1.5 million accounts from its headquarters on Sheikh Rashid Road in Dubai, United Arab Emirates, where it was established in 1992 through the merger of the Dubai Electricity Company and Dubai Water Department. DEWA offers comprehensive electricity solutions including reliable power supply from an installed capacity exceeding 17,000 MW with significant clean energy contributions such as solar projects like Mohammed bin Rashid Al Maktoum Solar Park; water services encompassing desalination producing over two billion liters daily, treatment, and distribution through extensive pipelines; innovative digital platforms for bill payments, connections, EV charging, and network approvals; and sustainable initiatives like Shams Dubai for photovoltaic integration and smart grid technologies. The company serves residential, commercial, industrial, and government customers primarily within Dubai while pursuing global leadership in utilities through its commitment to Dubai Clean Energy Strategy 2050 and net-zero emissions by 2050. Recent developments include the December 2025 launch of 'Sun Power' and 'Easy Connect' initiatives under the Services 360 policy to streamline solar connections and unified digital utility requests for contractors; June 2025 introduction of AI-based tools such as Material Insights Agent for solar projects and BRD Generator for documentation; strategic partnerships like the ongoing collaboration with Electric Power Research Institute (EPRI) for training in renewables and grid modernization; and recognition with the Middle East and Africa Deal of the Year 2024 award for the Hassyan desalination plant project alongside record 2024 revenue of AED 31 billion.