Dewa posts AED 9.1 bn in net income for 2025

Dewa continues to see earnings growth amid more population growth and demand: Dubai Electricity and Water Authority (Dewa) posted 4Q net income of AED 2.3 bn, up 28.4% y-o-y, and revenue of AED 7.9 bn, a 6.5% y-o-y increase, according to its earnings release (pdf). For the full year, net income climbed 25.7% to AED 9.1 bn as revenue rose 6% to AED 32.8 bn, marking the highest annual results in the company’s history. The utility attributed the results to stronger demand for electricity, water, and cooling services, as well as expansion of its customer base, which rose 4.5% to over 1.3 mn accounts, according to its preliminary financials (pdf).

Dividends: The board approved a dividend of AED 3.1 bn (equivalent to 6.2 fils per share) for 2H 2025, to be distributed in April, according to a disclosure (pdf). The payout is subject to shareholder approval.

Salik’s revenue climbs 35.1% amid flexible pricing

Dubai’s toll gate operator Salik posted a 33.4% y-o-y jump in its net income to AED 1.5 bn in 2025, while revenues rose by 35.1% y-o-y to AED 3.1 bn, according to its preliminary financials (pdf). The growth was driven by the implementation of dynamic pricing in January 2025, the operation of two new toll gates, and an increase in vehicle registrations and traffic rates.

Revenue generated from the operator’s parking payment solutions also contributed to overall growth, alongside a reduction in concession fees from 25% to 22.5% in agreement with the Roads and Traffic Authority. Despite reporting a strong balance sheet, total assets saw a slight 1.4% y-o-y dip to AED 7.8 bn.

Empower records AED 3.4 bn for FY 2025 revenues

Emirates Central Cooling Systems — also known as Empower — posted a net income of AED 1 bn, up 10.5% y-o-y, in 2025, according to its earningsrelease (pdf). Revenues rose to AED 3.4 bn, marking a 4.9% increase y-o-y amid an expansion in business activity, with 110 new buildings added to its portfolio and a 26% y-o-y surge in new service registrations.

This helped hike up total connected capacity to 1.7 mn refrigeration tons (RT), up 7% y-o-y, while contracted capacity is up to 2 mn RT.

Dividends: The group distributed a shareholder dividend of AED 875 mn, split into two equal payments of AED 437.5 mn, or 4.375 fils per share, equivalent to 44% of the company’s paid-up share for 2H 2025, according to a DFM disclosure (pdf).

Emsteel posts AED 480.9 mn in net income led by steel sales volumes

Emsteel closes good year on higher sales, strong steel division growth: Emsteel Building Materials reported EBITDA of AED 372 mn in 4Q 2025, a 51% y-o-y increase, according to its earnings release (pdf) and preliminary financials(pdf). The firm’s top line held largely flat at AED 2.5 bn, with improved margins cited as boosting bottom line results.

For 2025, net income rose 22.6% y-o-y to AED 480.9 mn, while revenues were up 7.2% y-o-y to AED 8.9 bn. The strong 4Q performance along with higher sales volumes and better operational efficiency were cited as driving results. Its steel division brought in the lion’s share of revenues with AED 8 bn, up 6% y-o-y, as sales volumes grew 16% y-o-y. Its cement segment saw a 24% yearly revenue uptick.

Burjeel Holdings records AED 503 mn in net income for FY 2025

Burjeel Holdings saw its 4Q 2025 net income rise 159.9% y-o-y to AED 141 mn, supported by operating leverage, tighter cost control, and higher patient volumes, according to its preliminary financials (pdf). Revenues for the quarter increased 7.5% to AED 1.4 bn, supported by an 11.5% rise in outpatient footfall and 9.8% increase in inpatient visits.

For the full year, net income rose 39.5% y-o-y to AED 503 mn, while revenues climbed 9.8% to AED 5.5 bn. A slowdown in non-operating costs, an uptick in operating leverage, and disciplined cost and operational management drove the results. Inpatient volume growth was driven by its oncology, cardiology, orthopedics, and women’s health services, while expanded IVF and physiotherapy services bolstered outpatient numbers.

CBD posts net income of AED 3.5 bn for 2025

Net loans of AED 100 bn boosted Commercial Bank of Dubai’s (CBD) results last year, with the lender reporting record quarterly net income of AED 1 bn for 4Q, according to its integrated report (pdf). Over the year, net income reached AED 3.5 bn, up 15.5% y-o-y, as total operating income increased 7.8% to AED 5.9 bn.

Behind the results: An uptick in net interest income helped offset a slight dip in income from Islamic financing, driving overall interest income up 9.3% y-o-y to AED 4.2 bn. Alongside loan growth, the bank attributed the performance to stronger fee generation and an expansion in current and savings account balances.

Dividends: The board proposed a dividend of AED 58.6 fils per share, up 15.5% y-o-y and representing 50% of net income.

Alpha Dhabi sees a net income of AED 15 bn for FY 2025

Expansion and M&A boosted Alpha Dhabi Holding’s core earnings from verticals this year, with the firm posting net income of AED 15 bn, up 11.2% y-o-y, according to its financials (pdf). Group revenue rose 24.3% to AED 78.8 bn, driven by higher revenue across its verticals — led by industrial, real estate, construction, and services — alongside the impact of acquisitions and portfolio expansion, according to its management discussion and analysis report (pdf).

On shareholder returns, Alpha Dhabi introduced a three-year dividend framework — effective 2026 — with a yearly payout of AED 2 bn (20 fils per share). The distributed amount will rise 5% annually.

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