Masdar’s net Income drops 13.7% in 2025, but total comprehensive income soars

Emirati renewables giant Abu Dhabi Future Energy Company (Masdar) saw net income fall 13.7% y-o-y to AED 355.9 mn, as revenues grew 9.1% y-o-y to AED 3.7 bn, according to its financials (pdf).

Finance expenses more than doubled from AED 638 mn to AED 1.4 bn, dragging results down, despite government grants and other income partially offsetting costs. General and administrative expenses also ticked up by 36.6% to AED 1.1 bn, and project expenses also saw a rise.

The bigger picture: Total comprehensive income was up to AED 2.3 bn compared to an AED 31.4 mn loss the year before, after the firm saw AED 1.9 bn from foreign currency gains from overseas operations.