TAQA Reports AED 6.1 Billion Net Income And Strong Revenue Growth For First Nine Months Of 2025

Abu Dhabi National Energy Company (TAQA) has released its financial results for the first nine months of 2025, ending on 30th September. The company reported Group revenues of AED42.7 billion, marking a 2.9% rise from the previous year. This increase was mainly due to higher pass-through revenue in the Transmission and Distribution segment.

TAQA's EBITDA for this period stood at AED16.0 billion, while net income reached AED6.1 billion. Capital expenditure saw a significant rise of 47%, amounting to AED8.9 billion. This increase was largely attributed to enhancements in the Transmission and Distribution network, progress on the 1 GW Al Dhafra Thermal project, and Water Solutions rehabilitation works.

The company's capital expenditure was partially offset by reduced spending in Oil & Gas due to UK decommissioning activities and decreased operations in North America. Despite these challenges, TAQA maintained a robust financial position with a net debt-to-capital ratio of 34%.

TAQA's total available liquidity reached AED26.5 billion, which includes AED7.4 billion in net cash and AED19.1 billion in undrawn credit facilities. The Board of Directors approved an interim cash dividend for the third quarter, set at 0.75 fils per share, aligning with the company's existing dividend policy.

Jasim Husain Thabet, TAQA’s Group Chief Executive Officer and Managing Director, highlighted the company's achievements: "We made significant progress towards delivery of our 2030 growth strategy during Q3, in particular internationally through the acquisition of GS Inima and achieving financial close of 3.6 GW power projects in Saudi Arabia."

Strategic Developments

Thabet also noted that TAQA is advancing rapidly in building energy infrastructure to support AI expansion within the UAE. The company is positioning itself as a leader in water security both domestically and globally.

The momentum from these strategic initiatives is expected to continue into the current quarter, reinforcing TAQA's commitment to its long-term growth objectives while addressing critical infrastructure needs in energy and water sectors worldwide.

TAQA's focus on strategic acquisitions and project developments underscores its dedication to expanding its international footprint while strengthening its core operations at home.

With inputs from WAM