emirates7 - Tabreed has announced its consolidated financial results for the first quarter of 2025, showing year-on-year growth in both EBITDA and net profit. The company reported a 4% increase in EBITDA, reaching AED 283 million, with a stronger margin of 61%. Net profit after tax also rose by 3% compared to Q1 2024, reaching AED 115 million.
In addition to solid financial performance, Tabreed made key strategic moves during the quarter that are expected to positively influence its long-term growth trajectory. A major highlight was the successful issuance of a US$700 million Green Sukuk at a competitive profit rate of 5.279%. The issuance saw strong demand from international investors, and the proceeds have been allocated for refinancing, in line with the company’s Green Finance Framework.
Shareholders also approved a cash dividend of 15.5 fils per share for the year 2024, offering a yield of 5.6% based on the share price of AED 2.76 as of 12 May 2025. Tabreed’s robust financial health enables it to continue investing in growth while delivering returns to shareholders, reinforcing its commitment to long-term value creation.
Operationally, the company added 4,599 refrigeration tonnes of new customer connections in the UAE during Q1, with expectations for further capacity additions in the coming months.
Commenting on the results, Tabreed Chairman Dr. Bakheet Al Katheeri stated, “Our Q1 performance reflects a company grounded in stability and reliability. Yet, beyond the numbers, there is remarkable momentum driving our expansion, particularly in strategic markets like Dubai. Our recent landmark agreement with Dubai Holding Investments embodies Tabreed’s commitment to forming meaningful partnerships with entities that share our vision and values.”
In addition to solid financial performance, Tabreed made key strategic moves during the quarter that are expected to positively influence its long-term growth trajectory. A major highlight was the successful issuance of a US$700 million Green Sukuk at a competitive profit rate of 5.279%. The issuance saw strong demand from international investors, and the proceeds have been allocated for refinancing, in line with the company’s Green Finance Framework.
Shareholders also approved a cash dividend of 15.5 fils per share for the year 2024, offering a yield of 5.6% based on the share price of AED 2.76 as of 12 May 2025. Tabreed’s robust financial health enables it to continue investing in growth while delivering returns to shareholders, reinforcing its commitment to long-term value creation.
Operationally, the company added 4,599 refrigeration tonnes of new customer connections in the UAE during Q1, with expectations for further capacity additions in the coming months.
Commenting on the results, Tabreed Chairman Dr. Bakheet Al Katheeri stated, “Our Q1 performance reflects a company grounded in stability and reliability. Yet, beyond the numbers, there is remarkable momentum driving our expansion, particularly in strategic markets like Dubai. Our recent landmark agreement with Dubai Holding Investments embodies Tabreed’s commitment to forming meaningful partnerships with entities that share our vision and values.”