Today's Edition
ABU DHABI (WAM)
Abu Dhabi National Energy Company (TAQA) on Thursday announced its financial results for the nine-month period ending September 30, 2025, reporting Group revenues of Dh42.7 billion, a 2.9 percent increase compared to the same period last year, primarily driven by higher pass-through revenue in the Transmission and Distribution segment.
The company posted Dh16.0 billion in EBITDA, with net income reaching Dh6.1 billion for the nine-month period.
Capital expenditure rose by 47 percent to Dh8.9 billion, driven by T&D network enhancements and special projects, progress on the 1 GW Al Dhafra Thermal development, and Water Solutions rehabilitation works; partly offset by lower O&G capex amid UK decommissioning and reduced North America activity.
TAQA maintained a strong financial position with a net debt-to-capital ratio of 34 percent.
Total available liquidity reached Dh26.5 billion, comprising Dh7.4 billion in net cash and Dh19.1 billion in undrawn credit facilities.
The Board of Directors approved a third-quarter interim cash dividend of 0.75 fils per share, in line with the company’s dividend policy.
TAQA’s Group Chief Executive Officer and Managing Director, Jasim Husain Thabet, said, “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.
The momentum we have created continues into the current quarter, with rapid progress being made in building the energy infrastructure to support the UAE’s AI expansion and positioning TAQA to play a leading role in water security both at home and around the world.”
