Empower reports revenue growth in third quarter of 2025
DUBAI, UAE, 6 November 2025: Emirates Central Cooling Systems Corporation PJSC (Empower) said that it recorded revenue of AED 2.586 billion in the third quarter of 2025, reporting 5.5% growth compared to the same period last year. Empower added that it achieved EBITDA of AED 1.169 billion over the period, noting that revenue and EBITDA for the first nine months of 2025 grew by 5.5% and 4.0%, respectively. The company also reported a pre-tax net profit of AED 757 million for the first nine months, which Empower said represents 5.3% growth year-on-year. Empower attributed the increase in its financial performance to rising demand for District Cooling across Dubai, saying this demand is being driven by continued real estate development and new large-scale projects in the Emirate.
Empower said that its strategy aligns with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum and emphasised that its results underscore resilience in its expansion plans. Empower quoted its CEO, H.E. Ahmad Bin Shafar, as saying: “The strong financial and operational results achieved in Q3 2025 underscore the resilience of our expansion plans and our success in capitalising on the continued growth of Dubai’s real-estate sector and other vital industries.” Empower added that it has continued signing new supply contracts, progressing construction of new plants, and expanding environmentally friendly cooling services across key districts in Dubai.
Empower reported that over the twelve-month period from October 2024 to September 2025, its consolidated revenue reached AED 3.395 billion, with EBITDA of AED 1.596 billion. The company said it distributed cash dividends totalling AED 875 million to shareholders during 2025.
Empower noted that the third quarter saw 52 new contracts signed to supply more than 56,000 refrigeration tons to projects across Dubai. The company said its total contracted capacity reached 1.92 million RT, with connected capacity increasing to 1.63 million RT after the addition of new buildings. Empower said that it began supplying District Cooling to the first phase of the Al Habtoor Tower project in July 2025, stating that the total load will reach 7,200 RT upon completion of all phases. The company added that it is the strategic sponsor of the 27th Water, Energy, Technology, and Environment Exhibition (WETEX 2025) and has signed a contract to design a new District Cooling plant at Dubai Science Park for a total capacity of 47,000 RT.
Empower said its CEO participated in a number of international engagements during the quarter, including the International District Energy Conference in Latin America and the Caribbean (LAC2025) in Santiago, Chile, and the International Energy Leadership Programme organised by the Government Experience Exchange Office at the Ministry of Cabinet Affairs of the UAE. Empower said that its summer campaign, ‘Set and Save at 24°C’, concluded in September and achieved its goal of encouraging reduced cooling energy consumption.
Empower reported that H.E. Bin Shafar was included for the second consecutive year in Forbes Middle East’s Sustainability Leaders 2025 list in the energy and utilities sector. The company also said that H.E. Bin Shafar was named among the “150 Most Influential Arabs of 2025” by Arabian Business magazine.