Abu Dhabi National Energy

Abu Dhabi National Energy Company

TAQAStocksAbu Dhabi Securities ExchangeUtilities

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (AED)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	54.80B	54.78B	51.72B	50.05B	45.29B
Operating Income	10.18B	9.75B	10.20B	10.95B	8.03B
Interest Income	1.18B	1.15B	0.80B	0.17B	0.12B
Interest Expense	-2.62B	-2.64B	-2.87B	-2.97B	-3.07B
Pretax Income	8.68B	8.77B	19.43B	8.39B	6.43B
Income Tax	1.15B	1.58B	2.63B	1.01B	0.68B
Net Income	7.47B	7.07B	16.65B	8.03B	5.96B
EBITDA	19.49B	19.30B	19.41B	20.42B	19.14B
Utility Operating Expenses	44.62B	45.03B	41.52B	39.10B	37.27B
EPS (Basic)	0.07	0.06	0.15	0.07	0.05
EPS (Diluted)	0.07	0.06	0.15	0.07	0.05
DPS	0.05	0.04	0.04	0.03	0.03
Margins & Efficiency
EBITDA Margin %	+35.6%	+35.2%	+37.5%	+40.8%	+42.3%
Net Margin %	+13.6%	+12.9%	+32.2%	+16.0%	+13.2%
Revenue & Income
Revenue	54.80B	54.78B	51.72B	50.05B	45.29B
Revenue as Reported	54.80B	54.78B	51.72B	50.05B	45.29B
Revenue Growth (YoY)	0.0%	+5.9%	+3.3%	+10.5%	+88.8%
Interest Income	1.18B	1.15B	0.80B	0.17B	0.12B
Income (Loss) on Equity Investments	319.00M	384.00M	191.00M	321.00M	313.00M
Gain (Loss) on Sale of Assets	191.00M	—	11.00M	128.00M	256.00M
Gain (Loss) on Sale of Investments	—	—	10.78B	—	—
Currency Exchange Gain (Loss)	-11.00M	-47.00M	-55.00M	-169.00M	-79.00M
Expenses & Provisions
Selling, General & Admin	2.45B	2.85B	2.33B	2.13B	2.25B
Total Operating Expenses	44.62B	45.03B	41.52B	39.10B	37.27B
Interest Expense	-2.62B	-2.64B	-2.87B	-2.97B	-3.07B
Other Non-Operating Income (Expenses)	356.00M	550.00M	378.00M	-44.00M	860.00M
Provision for Bad Debts	15.00M	36.00M	—	—	—
Asset Writedown	-954.00M	-378.00M	—	—	—
D&A For EBITDA	9.31B	9.55B	9.21B	9.47B	11.11B
Depreciation & Amortization	9.31B	9.55B	9.21B	9.47B	11.11B
Profitability & Returns
EBIT	10.18B	9.75B	10.20B	10.95B	8.03B
EBIT Margin	+18.6%	+17.8%	+19.7%	+21.9%	+17.7%
EBITDA	19.49B	19.30B	19.41B	20.42B	19.14B
EBITDA Margin	+35.6%	+35.2%	+37.5%	+40.8%	+42.3%
EBT Excluding Unusual Items	9.41B	9.15B	8.64B	8.26B	6.18B
Pretax Income	8.68B	8.77B	19.43B	8.39B	6.43B
Operating Income	10.18B	9.75B	10.20B	10.95B	8.03B
Profit Margin	+13.6%	+12.9%	+32.2%	+16.0%	+13.2%
Net Income	7.47B	7.07B	16.65B	8.03B	5.96B
Net Income to Common	7.47B	7.07B	16.65B	8.03B	5.96B
Net Income to Company	7.56B	7.33B	16.82B	8.12B	6.00B
Net Income Growth	+5.6%	-57.5%	+107.3%	+34.7%	+56.5%
Earnings From Continuing Ops.	7.53B	7.19B	16.80B	7.38B	5.75B
Earnings From Discontinued Ops.	32.00M	141.00M	18.00M	744.00M	246.00M
Minority Interest in Earnings	-96.00M	-265.00M	-173.00M	-93.00M	-35.00M
Income Tax Expense	1.15B	1.58B	2.63B	1.01B	0.68B
Effective Tax Rate	+13.2%	+18.0%	+13.5%	+12.1%	+10.6%
Net Interest Expense	-1.44B	-1.49B	-2.08B	-2.79B	-2.95B
Per Share & Capital
EPS (Basic)	0.07	0.06	0.15	0.07	0.05
EPS (Diluted)	0.07	0.06	0.15	0.07	0.05
EPS Growth	+5.6%	-57.5%	+107.3%	+34.7%	+36.4%
Dividend Per Share	0.05	0.04	0.04	0.03	0.03
Shares Change (YoY)	—	—	—	—	0.15
Shares Outstanding (Basic)	112.43B	112.43B	112.43B	112.43B	112.43B
Shares Outstanding (Diluted)	112.43B	112.43B	112.43B	112.43B	112.43B
Dividend Growth	+9.5%	+2.4%	+46.4%	+1.8%	+10.0%
Free Cash Flow	7.19B	9.81B	15.03B	17.87B	16.44B
Free Cash Flow Margin	+13.1%	+17.9%	+29.1%	+35.7%	+36.3%
Free Cash Flow Per Share	0.06	0.09	0.13	0.16	0.15
Payout Ratio	+65.6%	+65.2%	+21.3%	+40.6%	+50.0%
Supplemental
Insurance Settlements	32.00M	—	—	—	—
Other Operating Expenses	32.84B	32.59B	29.97B	27.49B	23.90B

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (AED)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	54.80B	54.78B	51.72B	50.05B	45.29B
Operating Income	10.18B	9.75B	10.20B	10.95B	8.03B
Interest Income	1.18B	1.15B	0.80B	0.17B	0.12B
Interest Expense	-2.62B	-2.64B	-2.87B	-2.97B	-3.07B
Pretax Income	8.68B	8.77B	19.43B	8.39B	6.43B
Income Tax	1.15B	1.58B	2.63B	1.01B	0.68B
Net Income	7.47B	7.07B	16.65B	8.03B	5.96B
EBITDA	19.49B	19.30B	19.41B	20.42B	19.14B
Utility Operating Expenses	44.62B	45.03B	41.52B	39.10B	37.27B
EPS (Basic)	0.07	0.06	0.15	0.07	0.05
EPS (Diluted)	0.07	0.06	0.15	0.07	0.05
DPS	0.05	0.04	0.04	0.03	0.03
Margins & Efficiency
EBITDA Margin %	+35.6%	+35.2%	+37.5%	+40.8%	+42.3%
Net Margin %	+13.6%	+12.9%	+32.2%	+16.0%	+13.2%
Revenue & Income
Revenue	54.80B	54.78B	51.72B	50.05B	45.29B
Revenue as Reported	54.80B	54.78B	51.72B	50.05B	45.29B
Revenue Growth (YoY)	0.0%	+5.9%	+3.3%	+10.5%	+88.8%
Interest Income	1.18B	1.15B	0.80B	0.17B	0.12B
Income (Loss) on Equity Investments	319.00M	384.00M	191.00M	321.00M	313.00M
Gain (Loss) on Sale of Assets	191.00M	—	11.00M	128.00M	256.00M
Gain (Loss) on Sale of Investments	—	—	10.78B	—	—
Currency Exchange Gain (Loss)	-11.00M	-47.00M	-55.00M	-169.00M	-79.00M
Expenses & Provisions
Selling, General & Admin	2.45B	2.85B	2.33B	2.13B	2.25B
Total Operating Expenses	44.62B	45.03B	41.52B	39.10B	37.27B
Interest Expense	-2.62B	-2.64B	-2.87B	-2.97B	-3.07B
Other Non-Operating Income (Expenses)	356.00M	550.00M	378.00M	-44.00M	860.00M
Provision for Bad Debts	15.00M	36.00M	—	—	—
Asset Writedown	-954.00M	-378.00M	—	—	—
D&A For EBITDA	9.31B	9.55B	9.21B	9.47B	11.11B
Depreciation & Amortization	9.31B	9.55B	9.21B	9.47B	11.11B
Profitability & Returns
EBIT	10.18B	9.75B	10.20B	10.95B	8.03B
EBIT Margin	+18.6%	+17.8%	+19.7%	+21.9%	+17.7%
EBITDA	19.49B	19.30B	19.41B	20.42B	19.14B
EBITDA Margin	+35.6%	+35.2%	+37.5%	+40.8%	+42.3%
EBT Excluding Unusual Items	9.41B	9.15B	8.64B	8.26B	6.18B
Pretax Income	8.68B	8.77B	19.43B	8.39B	6.43B
Operating Income	10.18B	9.75B	10.20B	10.95B	8.03B
Profit Margin	+13.6%	+12.9%	+32.2%	+16.0%	+13.2%
Net Income	7.47B	7.07B	16.65B	8.03B	5.96B
Net Income to Common	7.47B	7.07B	16.65B	8.03B	5.96B
Net Income to Company	7.56B	7.33B	16.82B	8.12B	6.00B
Net Income Growth	+5.6%	-57.5%	+107.3%	+34.7%	+56.5%
Earnings From Continuing Ops.	7.53B	7.19B	16.80B	7.38B	5.75B
Earnings From Discontinued Ops.	32.00M	141.00M	18.00M	744.00M	246.00M
Minority Interest in Earnings	-96.00M	-265.00M	-173.00M	-93.00M	-35.00M
Income Tax Expense	1.15B	1.58B	2.63B	1.01B	0.68B
Effective Tax Rate	+13.2%	+18.0%	+13.5%	+12.1%	+10.6%
Net Interest Expense	-1.44B	-1.49B	-2.08B	-2.79B	-2.95B
Per Share & Capital
EPS (Basic)	0.07	0.06	0.15	0.07	0.05
EPS (Diluted)	0.07	0.06	0.15	0.07	0.05
EPS Growth	+5.6%	-57.5%	+107.3%	+34.7%	+36.4%
Dividend Per Share	0.05	0.04	0.04	0.03	0.03
Shares Change (YoY)	—	—	—	—	0.15
Shares Outstanding (Basic)	112.43B	112.43B	112.43B	112.43B	112.43B
Shares Outstanding (Diluted)	112.43B	112.43B	112.43B	112.43B	112.43B
Dividend Growth	+9.5%	+2.4%	+46.4%	+1.8%	+10.0%
Free Cash Flow	7.19B	9.81B	15.03B	17.87B	16.44B
Free Cash Flow Margin	+13.1%	+17.9%	+29.1%	+35.7%	+36.3%
Free Cash Flow Per Share	0.06	0.09	0.13	0.16	0.15
Payout Ratio	+65.6%	+65.2%	+21.3%	+40.6%	+50.0%
Supplemental
Insurance Settlements	32.00M	—	—	—	—
Other Operating Expenses	32.84B	32.59B	29.97B	27.49B	23.90B