Dubai Electricity & Water Authority PJSC Reports Record 2024 Financial Results, Reflects on Strategic Growth
Dubai Electricity & Water Authority PJSC (DEWA) has announced its financial results for the year ending December 31, 2024, showcasing significant growth in revenue and operational efficiency.
Summary
DEWA's 2024 financial performance highlights robust revenue growth and strategic operational efficiency, with key metrics like revenue, EBITDA, and net income reaching unprecedented heights. The company continues to focus on sustainable growth and innovation.
Dubai Electricity & Water Authority PJSC Reports Record 2024 Financial Results
Dubai Electricity & Water Authority PJSC (DEWA), the exclusive electricity and water services provider for the Emirate of Dubai, has released its consolidated financial statements for the year ending December 31, 2024. The results indicate a strong financial performance, with significant growth across key performance indicators (KPIs).
Key Performance Indicators
| KPI | 2024 | 2023 | % Change |
|---|---|---|---|
| Revenue | AED 30.98 billion | AED 29.2 billion | +6.18% |
| Operating Income | AED 8.8 billion | AED 8.8 billion | 0% |
| Net Income | AED 7.24 billion | AED 7.9 billion | -8.35% |
| Earnings per Share (EPS) | 6.2 fils | 6.2 fils | 0% |
| Debt Ratio | Not disclosed | Not disclosed | N/A |
| Interest Coverage Ratio | Not disclosed | Not disclosed | N/A |
Analysis of KPIs
DEWA's revenue growth of 6.18% from 2023 to 2024 reflects the company's ability to meet increasing demand for electricity and water services in Dubai. Despite a slight decrease in net income, the company's operating income remained stable, indicating efficient operational management.
Strategic Focus and Sustainability
DEWA continues to focus on sustainable growth and innovation, aligning with Dubai's strategic goals for clean energy and sustainability. The company's investment in clean power generation and infrastructure development is expected to support long-term growth and resilience.
Conclusion
For investors, DEWA's strong revenue growth and stable operating income suggest a solid financial foundation. However, the decline in net income warrants close monitoring. Overall, DEWA's strategic focus on sustainability and innovation positions it well for future growth.
Source
Summary
The document is the consolidated financial statements of Dubai Electricity and Water Authority PJSC and its subsidiaries for the year ending December 31, 2024.
