Net profit attributable to equity holders increased by 44.9% year-on-year to AED 207.1 million for the first quarter of 2026, driven by a 16.8% rise in revenue to AED 630.6 million.
Operating profit grew 28.7% to AED 262.7 million compared to the same period in 2025, while the group maintained a total contracted capacity of 1.98 million Refrigeration Tons (RT).
The company signed 28 new agreements in Q1 with a total demand capacity of approximately 35,662 RT, including a major contract with Meraas to supply 15,200 RT for the City Walk phase 3 development.
Dubai Electricity and Water Authority (DEWA) increased its shareholding in the company from 56% to 80% following an ownership transfer from Emirates Power Investment LLC (EPI) effective 10 February 2026.
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