1. United Arab Emirates Stocks

  2. •

    Utilities

  3. •

    Electric utilities
Dubai Electricity & Water Authority PJSC

Dubai Electricity & Water Authority PJSC

DDFM:DEWA
2.68
AED
+0.02
(+0.75%)
0.19EPS
15.82P/E
139.00BMarket Cap
Nov 06Next Earn
2011 Y
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
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
0.66
Basic EPS, GAAP
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
Free Cash Flow per Basic Share
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
0.2
Dividend per 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
Book Value per Share
0.95
1.03
1.11
1.2
1.34
1.48
1.64
1.81
1.86
1.79
1.78
1.79
1.82
1.73
Tangible Book Value per Share
0.95
1.03
1.11
1.2
1.34
1.48
1.63
1.81
1.85
1.78
1.77
1.78
1.81
1.72
Basic Weighted Avg Shares
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
Sales/Revenue/Turnover
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
33,105
Operating Margin (%)
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
30.54
Depreciation Expense
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
6,819
Net Income, GAAP
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
8,785
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
9.38
9.47
9.01
Profit Margin (%)
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
26.54
Working Capital
-2,519
-3,469
-498
1,080
-1,490
2,053
2,491
457
-19
5,120
-7,490
-6,279
-2,819
-2,083
LT Debt
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
37,749
Total Equity
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
92,681
Return on Invested Capital (%)
- -
8.68
8.83
8.61
9.01
7.84
7.42
5.41
5.43
6.51
- -
6.41
7.36
7.58
Return on Capital (%)
- -
7.91
7.57
8.18
8.55
7.54
7.14
5.02
5.3
6.34
- -
6.6
6.77
7.08
Return on Common Equity (%)
- -
9.32
8.75
9.28
9.72
8.56
8.24
5.92
6.68
8.47
8.62
7.85
9.26
10.03

Capital Structure

AED

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
6,673
6,334
6,492
LT Borrowings
31,922
37,409
37,720
LT Finance Leases
36
33
29
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
50,000
50,000
50,000
Market Capitalization
138,500
134,500
139,000

Working Capital

AED

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
23,688
24,351
24,734
Cash, Cash Equivalents & STI
17,062
17,999
12,727
Accounts Receivable, Net
3,429
3,234
4,524
Inventories
1,487
1,488
1,467
Total Current Liabilities
26,507
26,547
26,817
Payables & Accruals
- -
- -
- -
ST Debt
6,673
6,334
6,492
Deferred Revenue
- -
- -
- -

Growth Rates

AED

•

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

AED

•

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
8,413
- -
- -
- -

Quarterly Earnings Per Share

AED

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.04
0.06
0.03
0.14
2025
0.01
0.05
0.07
0.04
0.17
2026
0.02
0.05
- -
- -
- -

Quarterly Dividends Per Share

AED

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
0.06
0.12
2025
- -
- -
- -
0.06
0.12
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Saeed Mohammed Ahmed Al-Tayer
Full Time Employees
11,727
Sector
Utilities
Industry
Electric utilities
Address
Sheikh Rashid Road Dubai DU United Arab Emirates 564
IPO Date
Apr 12, 2022
Website
dewa.gov.ae
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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.