Dubai Electricity & Water Authority PJSC Reports Record 9-Month Financial Results: A Comparative Analysis
Dubai Electricity & Water Authority PJSC (DEWA) has announced its highest ever 9-month financial results, showcasing robust growth and operational excellence. This article delves into the company's latest financial performance and compares it with previous periods.
Summary
DEWA's latest financial report reveals record-breaking revenue and EBITDA for the first nine months of 2024, driven by increased demand and operational efficiency. The company continues to demonstrate strong financial health, with significant cash flow and dividend payments, positioning itself as a key player in Dubai's sustainable energy landscape.
Dubai Electricity & Water Authority PJSC: Financial Performance Analysis
Dubai Electricity & Water Authority PJSC (DEWA), the exclusive provider of electricity and water services in Dubai, has reported its highest ever financial results for the first nine months of 2024. The company recorded a revenue of AED 23.5 billion, marking a 6.20% increase year-over-year, and an EBITDA of AED 11.8 billion, up by 4.71% compared to the same period last year.
Key Performance Indicators
| KPI | 9 Months, 2024 | 9 Months, 2023 | Change (%) |
|---|---|---|---|
| Revenue | AED 23.5 billion | AED 22.1 billion | +6.20% |
| EBITDA | AED 11.8 billion | AED 11.3 billion | +4.71% |
| Net Profit | AED 5.5 billion | AED 5.4 billion | +1.85% |
| Cash from Operations | AED 11.6 billion | AED 9.8 billion | +17.83% |
Comparison with Older Reports
In the first half of 2024, DEWA reported a revenue of AED 13.7 billion and an EBITDA of AED 6.6 billion, reflecting a 7.3% and 8.9% increase year-over-year, respectively. The company's strategic focus on operational efficiency and sustainability has been a key driver of its financial success.
Conclusion
DEWA's financial performance highlights its strong market position and ability to deliver consistent growth. The increase in revenue and EBITDA, coupled with robust cash flow from operations, underscores the company's operational efficiency and strategic focus on sustainable energy initiatives. For investors, DEWA's commitment to dividend payments and its strong financial health make it an attractive investment opportunity.
