Emirates Central Cooling Systems Corporation PJSC

Emirates Central Cooling Systems Corporation PJSC

Pressreleases, Reports and Disclosures for Emirates Central Cooling Systems Corporation PJSC

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Dubai Financial Market News
Disclosure: Press Release on Financial Results

Emirates Central Cooling Systems Corporation PJSC (Empower), a leading district cooling services provider, reported a 10.6% growth in net profit and expanded its contracted capacity to 2.06 million RT in the first nine months of 2026. The company achieved a revenue of AED 2.71 billion, reflecting a 4.6% year-on-year increase. Net profit after tax rose to AED 762 million, while EBITDA increased by 5.4% to AED 1,232.7 million. Empower's operating cash flow was AED 1,415.3 million, an 8% rise from the previous year. In the third quarter alone, revenue grew by 4.7% to AED 1.19 billion, and net profit after tax increased by 2.7% to AED 294 million. Empower maintained strong cash generation, with cash and cash equivalents at AED 2.84 billion and net debt at AED 2.66 billion. The company distributed AED 875 million in cash dividends to shareholders in 2026, demonstrating its commitment to providing consistent shareholder returns.

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Dubai Financial Market News
Disclosure: Earnings Call
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Dubai Financial Market News
Disclosure: BOD meeting
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Dubai Financial Market News
Disclosure: Press release

Emirates Central Cooling Systems Corporation PJSC (Empower) and its subsidiary ELIPS have successfully renewed their international ISO certifications, underscoring their commitment to global best practices and high standards in quality, sustainability, and corporate excellence. The renewed certifications include ISO 9001:2015 for Quality Management, ISO 14001:2015 for Environmental Management, and ISO 45001:2018 for Occupational Health and Safety Management, following audits by Bureau Veritas. Empower also renewed its ISO 27001:2022 Information Security Management certification, highlighting its dedication to data protection and compliance. This achievement marks a continuation of Empower's 20-year history of maintaining ISO certifications, demonstrating its ongoing efforts to enhance performance and operational efficiency in line with international standards.

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Disclosure: Results of Board Decisions by Passing
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Dubai Financial Market News
Disclosure: Board Decisions by Passing
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Dubai Financial Market News
Disclosure: Press release

Emirates Central Cooling Systems Corporation PJSC (Empower) has begun excavation and foundation work for a new district cooling plant at Dubai Science Park. This development is part of Empower's expansion strategy to address the increasing demand for eco-friendly cooling services in Dubai. The plant will have a cooling capacity of approximately 47,000 refrigeration tons, servicing nearly 80 mixed-use buildings. It is a key addition to Empower's infrastructure, supporting the growth of Dubai Science Park, a hub for science, technology, research, and innovation. The project emphasizes Empower's commitment to sustainable and efficient cooling solutions, utilizing advanced technologies such as thermal energy storage, treated sewage effluent, and AI-enabled smart systems to optimize efficiency and reduce resource consumption.

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Dubai Financial Market News
Disclosure: Press release

Emirates Central Cooling Systems Corporation PJSC (Empower), the largest district cooling services provider globally, will participate in Airport Show 2026, held from October 12 to 14 at the Dubai World Trade Centre. The event, under the patronage of HH Sheikh Ahmed bin Saeed Al Maktoum, will bring together key aviation industry stakeholders to explore innovations for efficient and sustainable airports. Empower, the sole provider of district cooling services to Dubai International Airport, will highlight its expertise in sustainable cooling solutions, emphasizing energy efficiency, service reliability, and reduced environmental impact. Empower's participation underscores its role in supporting Dubai's aviation sector, following its 2023 acquisition of the airport's cooling assets. The company aims to demonstrate how district cooling can support sustainable airport development and operational efficiency.

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Dubai Financial Market News
Disclosure: Press release

Emirates Central Cooling Systems Corporation (Empower), the largest district cooling services provider globally, has announced its strategic sponsorship of the 28th Water, Energy, Technology, and Environment Exhibition (WETEX 2026) in Dubai. The event, organized by the Dubai Electricity and Water Authority, will take place from October 20 to 22, 2026, at the Dubai World Trade Centre. Empower's sponsorship highlights its dedication to innovation and sustainability in the energy sector and its aim to build valuable partnerships through global platforms. At WETEX, Empower will present its latest district cooling technologies and achievements in energy efficiency, carbon emission reduction, and infrastructure development. CEO Ahmad Bin Shafar emphasized the company's commitment to supporting the UAE and Dubai's green economy vision and the importance of WETEX as a platform for collaboration and innovation in sustainability.

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Dubai Financial Market News
Disclosure: Press release

Emirates Central Cooling Systems Corporation PJSC (Empower), a major district cooling services provider, announced a decision to distribute AED 437.5 million in interim cash dividends to shareholders for the first half of 2026. This equates to 4.375 fils per share and represents 43.75% of the company's paid-up capital. The distribution aligns with Empower's commitment to sustainable and predictable shareholder returns, maintaining its semi-annual dividend distributions since listing on the Dubai Financial Market in November 2022. For 2026, Empower plans an annual dividend distribution of AED 875 million. The company reported a revenue increase of 4.5% year-on-year to AED 1.519 billion, with net profit after tax rising by 16.2% to AED 468 million. Since its listing, Empower has paid approximately AED 3.01 billion in cumulative cash dividends, which will rise to about AED 3.45 billion upon the payment of the H1 2026 dividend. The strong financial performance supports these distributions while allowing continued investment in business growth.

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Dubai Financial Market News
Disclosure: Results of Board Decisions by Passing
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Dubai Financial Market News
Disclosure: Board Decisions by Passing
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