Dubai Electricity & Water Authority

Dubai Electricity & Water Authority PJSC

DEWAStocksDubai Financial MarketUtilities

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
Assets
Cash & Equivalents	8.39B	6.11B	5.30B	5.29B	4.41B
Inventory	1.49B	1.56B	1.40B	1.45B	1.45B
Current Assets	23.69B	19.29B	18.78B	22.24B	17.10B
Total Assets	195.14B	184.76B	180.96B	180.75B	169.41B
Liabilities
Current Liabilities	26.51B	25.57B	26.27B	17.12B	17.12B
Long-Term Debt	31.95B	28.84B	27.35B	37.32B	25.59B
Short-Term Debt	904.18M	731.59M	641.85M	565.12M	442.34M
Total Debt	38.69B	36.22B	38.92B	40.73B	29.19B
Total Liabilities	97.37B	89.77B	88.26B	88.37B	75.82B
Equity & Ownership
Total Equity	97.77B	94.99B	92.70B	92.38B	93.59B
Shares Outstanding	50,000,000,000	50,000,000,000	50,000,000,000	50,000,000,000	50,000,000,000
Cash & Assets
Total Assets	195.14B	184.76B	180.96B	180.75B	169.41B
Total Current Assets	23.69B	19.29B	18.78B	22.24B	17.10B
Cash & Equivalents	8.39B	6.11B	5.30B	5.29B	4.41B
Net Cash (Debt)	-20.34B	-22.00B	-25.45B	-24.29B	-17.83B
Net Cash Per Share	-0.41	-0.44	-0.51	-0.49	-0.36
Accounts Receivable	3.43B	3.10B	3.42B	4.22B	3.85B
Inventory	1.49B	1.56B	1.40B	1.45B	1.45B
Construction In Progress	17.50B	15.33B	13.30B	29.77B	27.54B
Land	43.89B	43.44B	43.98B	43.60B	42.99B
Machinery	175.57B	167.01B	160.78B	137.12B	130.77B
Property, Plant & Equipment	163.30B	158.25B	155.92B	154.03B	149.47B
Other Intangible Assets	723.29M	440.70M	462.37M	471.12M	529.58M
Other Current Assets	426.28M	404.03M	481.88M	131.85M	445.67M
Other Long-Term Assets	1.18B	1.40B	1.22B	1.21B	1.01B
Long-Term Deferred Tax Assets	197.74M	207.40M	103.90M	—	—
Long-Term Deferred Tax Assets	197.74M	207.40M	103.90M	—	—
Long-Term Accounts Receivable	53.64M	3.55M	—	—	—
Long-Term Leases	35.62M	25.33M	16.28M	23.53M	11.94M
Current Portion of Leases	18.46M	18.60M	15.97M	12.88M	3.01M
Loans & Investments
Long-Term Investments	6.00B	5.16B	4.48B	2.81B	1.29B
Trading Asset Securities	170.82M	403.25M	594.85M	492.11M	—
Short-Term Investments	9.78B	7.71B	7.58B	10.67B	6.95B
Liabilities & Obligations
Total Liabilities	97.37B	89.77B	88.26B	88.37B	75.82B
Total Liabilities & Equity	195.14B	184.76B	180.96B	180.75B	169.41B
Total Current Liabilities	26.51B	25.57B	26.27B	17.12B	17.12B
Accounts Payable	2.71B	2.66B	2.05B	1.21B	1.60B
Accrued Expenses	356.63M	262.10M	244.84M	290.52M	281.64M
Current Income Taxes Payable	976.05M	853.51M	—	—	—
Current Unearned Revenue	3.24B	2.96B	1.81B	1.74B	1.82B
Long-Term Unearned Revenue	36.06B	32.87B	32.46B	31.81B	30.62B
Other Current Liabilities	12.52B	11.47B	10.60B	10.49B	9.83B
Other Long-Term Liabilities	1.60B	1.24B	1.13B	1.08B	1.47B
Pension & Post-Retirement Benefits	1.16B	1.11B	1.02B	1.01B	1.01B
Long-Term Deferred Tax Liabilities	61.10M	113.13M	12.00M	—	—
Debt & Funding
Total Debt	38.69B	36.22B	38.92B	40.73B	29.19B
Current Portion of Long-Term Debt	5.79B	6.61B	10.90B	2.81B	3.14B
Long-Term Debt	31.95B	28.84B	27.35B	37.32B	25.59B
Short-Term Debt	904.18M	731.59M	641.85M	565.12M	442.34M
Equity & Book Value
Shareholders' Equity	97.77B	94.99B	92.70B	92.38B	93.59B
Total Common Equity	91.02B	89.35B	89.21B	89.43B	93.00B
Common Stock	500.00M	500.00M	500.00M	500.00M	500.00M
Additional Paid-In Capital	39.17B	39.12B	40.04B	40.04B	40.04B
Retained Earnings	50.87B	48.68B	47.84B	47.93B	53.70B
Comprehensive Income & Other	0.49B	1.06B	0.82B	0.95B	-1.24B
Minority Interest	6.75B	5.64B	3.49B	2.95B	0.59B
Book Value Per Share	1.82	1.79	1.78	1.79	1.86
Tangible Book Value	90.29B	88.91B	88.75B	88.96B	92.47B
Tangible Book Value Per Share	1.81	1.78	1.77	1.78	1.85
Filing Date Shares Outstanding	50.00B	50.00B	50.00B	50.00B	50.00B
Total Common Shares Outstanding	50.00B	50.00B	50.00B	50.00B	50.00B
Working Capital	-2.82B	-6.28B	-7.49B	5.12B	-0.02B

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
Assets
Cash & Equivalents	8.39B	6.11B	5.30B	5.29B	4.41B
Inventory	1.49B	1.56B	1.40B	1.45B	1.45B
Current Assets	23.69B	19.29B	18.78B	22.24B	17.10B
Total Assets	195.14B	184.76B	180.96B	180.75B	169.41B
Liabilities
Current Liabilities	26.51B	25.57B	26.27B	17.12B	17.12B
Long-Term Debt	31.95B	28.84B	27.35B	37.32B	25.59B
Short-Term Debt	904.18M	731.59M	641.85M	565.12M	442.34M
Total Debt	38.69B	36.22B	38.92B	40.73B	29.19B
Total Liabilities	97.37B	89.77B	88.26B	88.37B	75.82B
Equity & Ownership
Total Equity	97.77B	94.99B	92.70B	92.38B	93.59B
Shares Outstanding	50,000,000,000	50,000,000,000	50,000,000,000	50,000,000,000	50,000,000,000
Cash & Assets
Total Assets	195.14B	184.76B	180.96B	180.75B	169.41B
Total Current Assets	23.69B	19.29B	18.78B	22.24B	17.10B
Cash & Equivalents	8.39B	6.11B	5.30B	5.29B	4.41B
Net Cash (Debt)	-20.34B	-22.00B	-25.45B	-24.29B	-17.83B
Net Cash Per Share	-0.41	-0.44	-0.51	-0.49	-0.36
Accounts Receivable	3.43B	3.10B	3.42B	4.22B	3.85B
Inventory	1.49B	1.56B	1.40B	1.45B	1.45B
Construction In Progress	17.50B	15.33B	13.30B	29.77B	27.54B
Land	43.89B	43.44B	43.98B	43.60B	42.99B
Machinery	175.57B	167.01B	160.78B	137.12B	130.77B
Property, Plant & Equipment	163.30B	158.25B	155.92B	154.03B	149.47B
Other Intangible Assets	723.29M	440.70M	462.37M	471.12M	529.58M
Other Current Assets	426.28M	404.03M	481.88M	131.85M	445.67M
Other Long-Term Assets	1.18B	1.40B	1.22B	1.21B	1.01B
Long-Term Deferred Tax Assets	197.74M	207.40M	103.90M	—	—
Long-Term Deferred Tax Assets	197.74M	207.40M	103.90M	—	—
Long-Term Accounts Receivable	53.64M	3.55M	—	—	—
Long-Term Leases	35.62M	25.33M	16.28M	23.53M	11.94M
Current Portion of Leases	18.46M	18.60M	15.97M	12.88M	3.01M
Loans & Investments
Long-Term Investments	6.00B	5.16B	4.48B	2.81B	1.29B
Trading Asset Securities	170.82M	403.25M	594.85M	492.11M	—
Short-Term Investments	9.78B	7.71B	7.58B	10.67B	6.95B
Liabilities & Obligations
Total Liabilities	97.37B	89.77B	88.26B	88.37B	75.82B
Total Liabilities & Equity	195.14B	184.76B	180.96B	180.75B	169.41B
Total Current Liabilities	26.51B	25.57B	26.27B	17.12B	17.12B
Accounts Payable	2.71B	2.66B	2.05B	1.21B	1.60B
Accrued Expenses	356.63M	262.10M	244.84M	290.52M	281.64M
Current Income Taxes Payable	976.05M	853.51M	—	—	—
Current Unearned Revenue	3.24B	2.96B	1.81B	1.74B	1.82B
Long-Term Unearned Revenue	36.06B	32.87B	32.46B	31.81B	30.62B
Other Current Liabilities	12.52B	11.47B	10.60B	10.49B	9.83B
Other Long-Term Liabilities	1.60B	1.24B	1.13B	1.08B	1.47B
Pension & Post-Retirement Benefits	1.16B	1.11B	1.02B	1.01B	1.01B
Long-Term Deferred Tax Liabilities	61.10M	113.13M	12.00M	—	—
Debt & Funding
Total Debt	38.69B	36.22B	38.92B	40.73B	29.19B
Current Portion of Long-Term Debt	5.79B	6.61B	10.90B	2.81B	3.14B
Long-Term Debt	31.95B	28.84B	27.35B	37.32B	25.59B
Short-Term Debt	904.18M	731.59M	641.85M	565.12M	442.34M
Equity & Book Value
Shareholders' Equity	97.77B	94.99B	92.70B	92.38B	93.59B
Total Common Equity	91.02B	89.35B	89.21B	89.43B	93.00B
Common Stock	500.00M	500.00M	500.00M	500.00M	500.00M
Additional Paid-In Capital	39.17B	39.12B	40.04B	40.04B	40.04B
Retained Earnings	50.87B	48.68B	47.84B	47.93B	53.70B
Comprehensive Income & Other	0.49B	1.06B	0.82B	0.95B	-1.24B
Minority Interest	6.75B	5.64B	3.49B	2.95B	0.59B
Book Value Per Share	1.82	1.79	1.78	1.79	1.86
Tangible Book Value	90.29B	88.91B	88.75B	88.96B	92.47B
Tangible Book Value Per Share	1.81	1.78	1.77	1.78	1.85
Filing Date Shares Outstanding	50.00B	50.00B	50.00B	50.00B	50.00B
Total Common Shares Outstanding	50.00B	50.00B	50.00B	50.00B	50.00B
Working Capital	-2.82B	-6.28B	-7.49B	5.12B	-0.02B