ZAWYA: Empower reports 44% YoY growth in Q1 2026 net profit to AED 208mln, with revenue reaching AED 631mln

About this update from Emirates Central Cooling Systems Corporation Pjsc

Dubai, UAE: Emirates Central Cooling Systems Corporation PJSC, the world's largest district cooling services provider DFM:EMPOWER, (ISIN: AEE01134E227), has announced its financial results for the first quarter of 2026. The company reported total revenue of AED 631 million, representing an increase of 16.8% compared to the same period in 2025. Empower also recorded EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) of AED 358 million, while pre-tax net profit reached AED 229 million. Net profit after tax amounted to AED 208 million for the first quarter ending 31 March 2026, with a 44% increase compared to the first quarter of 2025.Empower CEO H.E. Ahmad Bin Shafar, said, “The results reflect the strength of Empower’s business model and our ability to deliver sustainable growth. The exceptional performance in revenue and net profit during the first quarter of 2026 was driven by higher capacity additions and a reduction in operational costs, supported by a well-planned expansion strategy and the sustained increase in demand for district cooling services across Dubai. We continue to operate in line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, which aims to position Dubai as a global benchmark for sustainable cities through the implementation of energy-efficient solutions and development of advanced infrastructure,” said .“We focus on enhancing the efficiency of our operational assets and expanding our capacity to keep pace with the emirate’s rapid urban development, while maintaining the highest standards of operational and environmental sustainability. We also continue to invest in innovation and adopt global best practices, thereby strengthening our ability to deliver sustainable added value to our shareholders, support the transition to a low-carbon economy, and reinforce Empower’s global leadership in the district cooling sector,” he added.Strategic and well-planned expansionsAccording to the company’s financial statements, Empower recorded consolidated revenue of AED 3.51 billion over the twelve-month period from April 2025 to March 2026, compared to AED 3.26 billion for the period from April 2024 to March 2025, reflecting a growth of 7.6%. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) reached AED 1.71 billion over...

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