TAQA posts higher revenue in H1 2025, keeps focus on energy transition
The group cut debt and ramped up AED 5.2 billion in investments toward flexible generation, transmission upgrades, and desalination to support energy transition goals.
Dubai Desk
The Dubai Desk reports on major developments across the UAE, covering news, culture, business, and social trends shaping the region.
TAQA grew H1 2025 revenue 4.5% to AED 28.4 billion, with strong core utilities performance despite market headwinds.
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Abu Dhabi National Energy Company (TAQA) reported a 4.5% year-on-year rise in revenue for the first half of 2025, reaching AED 28.4 billion, driven by higher pass-through costs in its Transmission & Distribution segment. EBITDA stood at AED 10.2 billion, with net income at AED 3.7 billion, supported by strong performance in core utilities.
Chairman Mohamed Hassan Alsuwaidi said the results underscored the strength of TAQA’s long-term strategy and its role as a “critical enabler of infrastructure development” in the UAE and abroad. Group CEO Jasim Husain Thabet highlighted progress on priority projects in generation, water, and transmission, aimed at boosting system flexibility and expanding the company’s global portfolio.
The group reduced gross debt to AED 61.7 billion through scheduled repayments and bond maturity, while ramping up capital expenditure to AED 5.2 billion for flexible generation, transmission upgrades, and desalination projects.
TAQA said it will continue to pursue low-carbon power and water solutions, reinforce grid infrastructure, and support decarbonisation goals, while delivering reliable shareholder returns through disciplined, long-term investment.
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