Empower Reports AED 208 Million Net Profit in Q1 2026 as Revenue Rises 16.8%
Emirates Central Cooling Systems Corporation PJSC (Empower) reported strong financial results for the first quarter of 2026, posting net profit after tax of AED 208 million, marking a 44% year-on-year increase compared to the same period in 2025.
According to the company’s financial disclosure, total revenues reached AED 631 million during the first quarter ended March 31, 2026, reflecting annual growth of 16.8%, while earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at AED 358 million.
The company also recorded net profit before tax of AED 229 million during the quarter, supported by operational expansion and continued growth in demand for district cooling services across Dubai.
Ahmed Bin Shafar, CEO of Empower, said the first-quarter performance reflects the strength of the company’s business model and its ability to achieve sustainable growth. He attributed the strong revenue and profitability growth to increased production capacity, lower operational costs, and the company’s carefully planned expansion strategy.
Bin Shafar added that demand for district cooling services continues to rise across Dubai amid rapid urban expansion, reinforcing Empower’s position as one of the leading district cooling providers globally.
He noted that the company remains focused on enhancing operational asset efficiency and expanding production capabilities in line with Dubai’s accelerating urban development, while maintaining high standards of operational efficiency and environmental sustainability.
The CEO also highlighted Empower’s continued investments in innovation and adoption of international best practices aimed at delivering long-term value to shareholders and supporting the transition toward a low-carbon economy.
On a trailing 12-month basis covering the period from April 2025 to March 2026, Empower reported consolidated revenues of AED 3.51 billion, compared to AED 3.26 billion during the previous 12-month period, representing growth of 7.6%.
Meanwhile, EBITDA over the same 12-month period increased to AED 1.71 billion, up from AED 1.53 billion a year earlier, reflecting annual growth of 11.7%.