TAQA posts AED3.7 billion net income in first half of 2025

Abu Dhabi National Energy Company PJSC (TAQA) posted a 4.5% year-on-year rise in revenue for the first half of 2025, reaching AED28.4 billion. The growth was driven mainly by higher pass-through costs in its Transmission & Distribution (T&D) segment.

The group recorded AED10.2 billion in EBITDA and AED3.7 billion in net income, with underlying profitability in its core utilities business remaining strong.

Minister of Investment and TAQA Chairman Mohamed Hassan Alsuwaidi said the results reflected the company’s “long-term strategy” and its role as a critical enabler of infrastructure development in the UAE and abroad. He emphasised disciplined execution to create lasting shareholder value while supporting energy transition and economic diversification goals.

Group CEO and MD Jasim Husain Thabet credited TAQA’s integrated utility model for delivering consistent value despite market headwinds. He also highlighted progress on priority projects in generation, water and transmission to enhance system flexibility and expand the global portfolio.

TAQA reduced gross debt to AED61.7 billion through scheduled repayments and bond maturity, while accelerating capital expenditure to AED5.2 billion for flexible generation, transmission upgrades and strategic desalination projects.

Looking ahead, TAQA aims to advance low-carbon power and water solutions, strengthen grid infrastructure and support national decarbonisation targets while maintaining reliable shareholder returns.