EMPOWER

Emirates Central Cooling Systems Corporation PJSC

EMPOWERStocksDubai 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
Operating Summary
Revenue	3.42B	3.26B	3.04B	2.79B	2.46B
Operating Income	1.22B	1.14B	1.09B	1.03B	0.90B
Interest Income	113.65M	113.18M	82.30M	54.10M	11.63M
Interest Expense	-224.70M	-248.14M	-220.83M	-86.69M	-9.13M
Pretax Income	1.10B	1.00B	0.94B	1.00B	0.94B
Income Tax	99.23M	90.10M	-17.45M	—	—
Net Income	0.99B	0.90B	0.95B	1.00B	0.94B
EBITDA	1.59B	1.49B	1.43B	1.35B	1.21B
Operations & Maintenance	47.58M	25.43M	1.58M	33.92M	—
Utility Operating Expenses	2.20B	2.12B	1.95B	1.77B	1.56B
EPS (Basic)	0.10	0.09	0.10	0.10	0.09
EPS (Diluted)	0.10	0.09	0.10	0.10	0.09
DPS	—	0.09	0.09	0.04	0.50
Margins & Efficiency
EBITDA Margin %	+46.5%	+45.8%	+47.2%	+48.3%	+49.0%
Net Margin %	+29.0%	+27.5%	+31.4%	+35.8%	+38.0%
Revenue & Income
Revenue	3.42B	3.26B	3.04B	2.79B	2.46B
Revenue Growth (YoY)	+4.9%	+7.4%	+8.7%	+13.3%	+9.3%
Interest Income	113.65M	113.18M	82.30M	54.10M	11.63M
Expenses & Provisions
Selling, General & Admin	50.46M	45.31M	36.90M	33.55M	34.00M
Total Operating Expenses	2.20B	2.12B	1.95B	1.77B	1.56B
Interest Expense	-224.70M	-248.14M	-220.83M	-86.69M	-9.13M
Other Non-Operating Income (Expenses)	-5.30M	-4.82M	-5.93M	-5.05M	—
Operations & Maintenance	47.58M	25.43M	1.58M	33.92M	—
Provision for Bad Debts	-16.14M	-17.48M	—	17.87M	8.57M
Asset Writedown	—	-0.92M	—	12.73M	32.33M
D&A For EBITDA	370.67M	354.49M	345.04M	323.96M	305.37M
Depreciation & Amortization	20.86M	12.14M	11.41M	9.09M	7.51M
Profitability & Returns
EBIT	1.22B	1.14B	1.09B	1.03B	0.90B
EBIT Margin	+35.7%	+34.9%	+35.8%	+36.7%	+36.6%
EBITDA	1.59B	1.49B	1.43B	1.35B	1.21B
EBITDA Margin	+46.5%	+45.8%	+47.2%	+48.3%	+49.0%
EBT Excluding Unusual Items	1.10B	1.00B	0.94B	0.99B	0.90B
Pretax Income	1.10B	1.00B	0.94B	1.00B	0.94B
Operating Income	1.22B	1.14B	1.09B	1.03B	0.90B
Profit Margin	+29.1%	+27.5%	+31.4%	+35.8%	+38.0%
Net Income	0.99B	0.90B	0.95B	1.00B	0.94B
Net Income to Common	0.99B	0.90B	0.95B	1.00B	0.94B
Net Income Growth	+10.8%	-5.9%	-4.8%	+6.9%	+3.9%
Earnings From Continuing Ops.	1.00B	0.91B	0.96B	1.00B	0.94B
Minority Interest in Earnings	-10.63M	-11.48M	-7.16M	-0.19M	-0.12M
Income Tax Expense	99.23M	90.10M	-17.45M	—	—
Effective Tax Rate	+9.0%	+9.0%	—	—	—
Net Interest Expense	-111.04M	-134.96M	-138.53M	-32.59M	2.51M
Per Share & Capital
EPS (Basic)	0.10	0.09	0.10	0.10	0.09
EPS (Diluted)	0.10	0.09	0.10	0.10	0.09
EPS Growth	+10.8%	-5.9%	-4.8%	+6.9%	-89.6%
Dividend Per Share	—	0.09	0.09	0.04	0.50
Shares Change (YoY)	—	—	—	—	9
Shares Outstanding (Basic)	10.00B	10.00B	10.00B	10.00B	10.00B
Shares Outstanding (Diluted)	10.00B	10.00B	10.00B	10.00B	10.00B
Dividend Growth	—	+1.5%	+100.0%	-91.5%	+25.0%
Free Cash Flow	1.42B	1.52B	1.07B	0.99B	0.79B
Free Cash Flow Margin	+41.6%	+46.5%	+35.3%	+35.4%	+32.3%
Free Cash Flow Per Share	0.14	0.15	0.11	0.10	0.08
Payout Ratio	+88.1%	+94.8%	+89.2%	+339.8%	+42.8%
Supplemental
Other Operating Expenses	2.10B	2.06B	1.90B	1.67B	1.51B

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	3.42B	3.26B	3.04B	2.79B	2.46B
Operating Income	1.22B	1.14B	1.09B	1.03B	0.90B
Interest Income	113.65M	113.18M	82.30M	54.10M	11.63M
Interest Expense	-224.70M	-248.14M	-220.83M	-86.69M	-9.13M
Pretax Income	1.10B	1.00B	0.94B	1.00B	0.94B
Income Tax	99.23M	90.10M	-17.45M	—	—
Net Income	0.99B	0.90B	0.95B	1.00B	0.94B
EBITDA	1.59B	1.49B	1.43B	1.35B	1.21B
Operations & Maintenance	47.58M	25.43M	1.58M	33.92M	—
Utility Operating Expenses	2.20B	2.12B	1.95B	1.77B	1.56B
EPS (Basic)	0.10	0.09	0.10	0.10	0.09
EPS (Diluted)	0.10	0.09	0.10	0.10	0.09
DPS	—	0.09	0.09	0.04	0.50
Margins & Efficiency
EBITDA Margin %	+46.5%	+45.8%	+47.2%	+48.3%	+49.0%
Net Margin %	+29.0%	+27.5%	+31.4%	+35.8%	+38.0%
Revenue & Income
Revenue	3.42B	3.26B	3.04B	2.79B	2.46B
Revenue Growth (YoY)	+4.9%	+7.4%	+8.7%	+13.3%	+9.3%
Interest Income	113.65M	113.18M	82.30M	54.10M	11.63M
Expenses & Provisions
Selling, General & Admin	50.46M	45.31M	36.90M	33.55M	34.00M
Total Operating Expenses	2.20B	2.12B	1.95B	1.77B	1.56B
Interest Expense	-224.70M	-248.14M	-220.83M	-86.69M	-9.13M
Other Non-Operating Income (Expenses)	-5.30M	-4.82M	-5.93M	-5.05M	—
Operations & Maintenance	47.58M	25.43M	1.58M	33.92M	—
Provision for Bad Debts	-16.14M	-17.48M	—	17.87M	8.57M
Asset Writedown	—	-0.92M	—	12.73M	32.33M
D&A For EBITDA	370.67M	354.49M	345.04M	323.96M	305.37M
Depreciation & Amortization	20.86M	12.14M	11.41M	9.09M	7.51M
Profitability & Returns
EBIT	1.22B	1.14B	1.09B	1.03B	0.90B
EBIT Margin	+35.7%	+34.9%	+35.8%	+36.7%	+36.6%
EBITDA	1.59B	1.49B	1.43B	1.35B	1.21B
EBITDA Margin	+46.5%	+45.8%	+47.2%	+48.3%	+49.0%
EBT Excluding Unusual Items	1.10B	1.00B	0.94B	0.99B	0.90B
Pretax Income	1.10B	1.00B	0.94B	1.00B	0.94B
Operating Income	1.22B	1.14B	1.09B	1.03B	0.90B
Profit Margin	+29.1%	+27.5%	+31.4%	+35.8%	+38.0%
Net Income	0.99B	0.90B	0.95B	1.00B	0.94B
Net Income to Common	0.99B	0.90B	0.95B	1.00B	0.94B
Net Income Growth	+10.8%	-5.9%	-4.8%	+6.9%	+3.9%
Earnings From Continuing Ops.	1.00B	0.91B	0.96B	1.00B	0.94B
Minority Interest in Earnings	-10.63M	-11.48M	-7.16M	-0.19M	-0.12M
Income Tax Expense	99.23M	90.10M	-17.45M	—	—
Effective Tax Rate	+9.0%	+9.0%	—	—	—
Net Interest Expense	-111.04M	-134.96M	-138.53M	-32.59M	2.51M
Per Share & Capital
EPS (Basic)	0.10	0.09	0.10	0.10	0.09
EPS (Diluted)	0.10	0.09	0.10	0.10	0.09
EPS Growth	+10.8%	-5.9%	-4.8%	+6.9%	-89.6%
Dividend Per Share	—	0.09	0.09	0.04	0.50
Shares Change (YoY)	—	—	—	—	9
Shares Outstanding (Basic)	10.00B	10.00B	10.00B	10.00B	10.00B
Shares Outstanding (Diluted)	10.00B	10.00B	10.00B	10.00B	10.00B
Dividend Growth	—	+1.5%	+100.0%	-91.5%	+25.0%
Free Cash Flow	1.42B	1.52B	1.07B	0.99B	0.79B
Free Cash Flow Margin	+41.6%	+46.5%	+35.3%	+35.4%	+32.3%
Free Cash Flow Per Share	0.14	0.15	0.11	0.10	0.08
Payout Ratio	+88.1%	+94.8%	+89.2%	+339.8%	+42.8%
Supplemental
Other Operating Expenses	2.10B	2.06B	1.90B	1.67B	1.51B