emirates7 - Abu Dhabi National Energy Company PJSC (TAQA) reported its financial performance for the first half of 2025, recording a 4.5% year-on-year revenue growth to AED 28.4 billion, driven mainly by higher pass-through costs in its Transmission & Distribution (T&D) segment.
EBITDA stood at AED 10.2 billion, while net income reached AED 3.7 billion, with the company’s core utilities operations maintaining solid underlying profitability.
Mohamed Hassan Alsuwaidi, Minister of Investment and TAQA Chairman, highlighted that the company’s continued delivery across its core and emerging markets reflects the strength of its long-term strategy. He noted that in H1 2025, TAQA strengthened its role as a key contributor to infrastructure development in the UAE and abroad, maintaining its focus on disciplined execution, shareholder value creation, and supporting energy transition and economic diversification goals.
Group CEO and Managing Director Jasim Husain Thabet said the results underscore the resilience of TAQA’s integrated utility model, enabling it to consistently generate value despite market challenges. He added that the company made notable progress on priority projects in power generation, water, and transmission, boosting system flexibility and expanding its international footprint.
The group lowered its gross debt to AED 61.7 billion through scheduled repayments and a corporate bond maturity, while accelerating future capacity investments with AED 5.2 billion allocated to flexible generation, transmission enhancements, and strategic desalination initiatives.
Looking ahead, TAQA will continue advancing its strategic objectives, expanding low-carbon power and water offerings, reinforcing grid infrastructure, and driving energy transition across its markets, while supporting national decarbonisation targets and ensuring stable shareholder returns through disciplined, long-term investment.
EBITDA stood at AED 10.2 billion, while net income reached AED 3.7 billion, with the company’s core utilities operations maintaining solid underlying profitability.
Mohamed Hassan Alsuwaidi, Minister of Investment and TAQA Chairman, highlighted that the company’s continued delivery across its core and emerging markets reflects the strength of its long-term strategy. He noted that in H1 2025, TAQA strengthened its role as a key contributor to infrastructure development in the UAE and abroad, maintaining its focus on disciplined execution, shareholder value creation, and supporting energy transition and economic diversification goals.
Group CEO and Managing Director Jasim Husain Thabet said the results underscore the resilience of TAQA’s integrated utility model, enabling it to consistently generate value despite market challenges. He added that the company made notable progress on priority projects in power generation, water, and transmission, boosting system flexibility and expanding its international footprint.
The group lowered its gross debt to AED 61.7 billion through scheduled repayments and a corporate bond maturity, while accelerating future capacity investments with AED 5.2 billion allocated to flexible generation, transmission enhancements, and strategic desalination initiatives.
Looking ahead, TAQA will continue advancing its strategic objectives, expanding low-carbon power and water offerings, reinforcing grid infrastructure, and driving energy transition across its markets, while supporting national decarbonisation targets and ensuring stable shareholder returns through disciplined, long-term investment.