TAQA Reports AED 3.7 Billion Net Income For First Half Of 2025 Amid Strategic Growth

Abu Dhabi National Energy Company PJSC (TAQA) has shared its financial outcomes for the first half of 2025. The company reported a 4.5% rise in revenue compared to the previous year, reaching AED28.4 billion. This increase was mainly due to higher pass-through costs in the Transmission & Distribution segment. EBITDA was AED10.2 billion, and net income reached AED3.7 billion, indicating robust profitability in TAQA's core utilities sector.

TAQA has been actively investing in future capacity, with AED5.2 billion allocated for capital expenditure. This investment focuses on flexible generation, transmission upgrades, and strategic desalination projects. The group also reduced its gross debt to AED61.7 billion through scheduled repayments and bond maturity.

Mohamed Hassan Alsuwaidi, Minister of Investment and Chairman of TAQA, highlighted the company's ongoing success across its core businesses and new growth markets. He stated that this reflects the strength of TAQA's long-term strategy. Alsuwaidi emphasized the group's role as a key player in infrastructure development within the UAE and internationally.

Jasim Husain Thabet, TAQA’s Group CEO and Managing Director, noted that the company's performance during H1 2025 demonstrates the effectiveness of its integrated utility model. Despite market challenges, TAQA made progress on priority projects related to generation, water, and transmission, enhancing system flexibility and expanding its global portfolio.

Alsuwaidi mentioned that as TAQA evolves, it remains committed to disciplined execution and creating lasting value for shareholders while supporting energy transition and economic diversification goals in the UAE and other markets.

Commitment to Decarbonisation

The group is dedicated to advancing strategic priorities by expanding low-carbon power and water solutions. Strengthening grid infrastructure is also a focus area as TAQA aims to facilitate energy transition across its markets.

TAQA continues to support national decarbonisation objectives while ensuring reliable returns for shareholders through disciplined execution and long-term investments.

The company remains focused on enhancing its strategic priorities by expanding low-carbon power solutions and strengthening grid infrastructure to support energy transition efforts across various markets.

With inputs from WAM