Emirates Central Cooling Systems Corporation PJSC (Empower) has announced a robust performance in the first half of 2026, reporting a 16.2% increase in net profit after tax, amounting to AED468 million. This growth has been attributed to the booming real estate sector in Dubai and an increasing appetite for district cooling services.
Financial Performance
Empower’s revenue for the initial six months of 2026 reached AED1.519 billion, reflecting a 4.5% rise compared to the same period in 2025. The company also reported a 7.5% increase in EBITDA, totalling AED773 million, with profit before tax hitting AED514 million, marking a 16.2% increase from the previous year.
CEO’s Insights
Ahmad bin Shafar, CEO of Empower, emphasized the company’s resilience and its strategic alignment with Dubai’s urban and economic growth. He stated that Empower’s business model and operational infrastructure have proven robust in supporting the rapid expansion of key sectors in Dubai.
Bin Shafar highlighted Empower’s commitment to the UAE’s sustainability and energy-efficiency objectives, noting the company’s ongoing efforts in developing advanced district cooling infrastructure.
Expansion of Cooling Capacity
In the first half of 2026, Empower secured 61 new contracts, adding 73,415 refrigeration tonnes (RT) of district cooling capacity across various developments in Dubai. This expansion brought the company’s total contracted capacity to 2.02 million RT, underscoring the increasing demand for eco-friendly cooling solutions.
Furthermore, connected capacity grew to 1.71 million RT with the addition of over 51,000 RT during the period. By June’s end, Empower was servicing 1,796 buildings, reflecting its significant market presence.
Annual Revenue Growth
For the 12-month stretch from July 2025 to June 2026, Empower reported consolidated revenue of AED3.49 billion, up from AED3.36 billion in the previous year, marking a 3.7% increase. This financial uptrend highlights the sustained demand for Empower’s services in the expanding district cooling market of Dubai.
Dividend and Shareholder Returns
In March 2026, Empower’s shareholders approved a cash dividend of AED437.5 million for the latter half of 2025, translating to 4.375 fils per share. This dividend represents 43.75% of the company’s paid-up capital and was distributed following the approved schedule, showcasing the company’s commitment to rewarding its investors.
Infrastructure Developments and Customer Service
Empower continued to enhance its infrastructure and customer service offerings in the first six months of 2026. The company inaugurated its new Command Control Centre (CCC) at its headquarters and launched a Customer Happiness Centre in Al Jadaf, Dubai.
Additionally, Empower awarded a design contract for its fifth district cooling plant in Business Bay, which is set to have a production capacity of up to 44,000 RT. These initiatives underscore Empower’s ongoing growth trajectory as it expands its footprint in Dubai’s district cooling market.
