‎What to expect for DEWA Q2 2026

‎<p ><span ><span class="ckeCaption" ><img src="https://argaamplus.s3.amazonaws.com/e9763fba-b3ba-441e-ba8a-06c9e3772ad2.png" ><br> Dubai Electricity and Water Authority (DEWA) headquarters building</span></span></p> <hr> <p><span ><span ><span >Argaam</span></span></span><span ><span ><span >provides</span></span></span><span ><span ><span >an outlook on the expected results for Dubai Electricity and Water Authority(<a href="https://www.argaam.com/ae-ar/companies/dfm/dewa/overview" target="_blank">DEWA</a>) for Q2 2026. The report also covers quarterly revenue and profit development as well as performance and profitability indicators.</span></span></span></p> <p></p> <p dir="RTL" ></p> <table border="0" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr > <td colspan="6" > <p ><span ><span ><span >Quarterly revenue development – AED mln</span></span></span></p> </td> </tr> <tr > <td > <p ><span ><span ><span >Item</span></span></span></p> </td> <td > <p ><span ><span ><span >Q2 2025</span></span></span></p> </td> <td > <p ><span ><span ><span >Q3 2025</span></span></span></p> </td> <td > <p ><span ><span ><span >Q4 2025</span></span></span></p> </td> <td > <p ><span ><span ><span >Q1 2026</span></span></span></p> </td> <td > <p ><span ><span ><span >Q2 2026</span></span></span><br> <span ><span ><span >(Consensus)</span></span></span></p> </td> </tr> <tr > <td > <p ><span ><span ><span >Revenue</span></span></span></p> </td> <td > <p ><span dir="RTL"><span ><span ><span >8,637.5</span></span></span></span></p> </td> <td > <p ><span dir="RTL"><span ><span ><span >10,316.0</span></span></span></span></p> </td> <td > <p ><span dir="RTL"><span ><span ><span >7,924.2</span></span></span></span></p> </td> <td > <p ><span dir="RTL"><span ><span ><span >6,451.8</span></span></span></span></p> </td> <td > <p ><span dir="RTL"><span ><span ><span >8,979.6</span></span></span></span></p> </td> </tr> <tr > <td > <p ><span ><span ><span >YoY change</span></span></span><em><span dir="RTL"><span ><span ><span >(%)</span></span></span></span></em></p> </td> <td > <p ><span dir="RTL"><span ><span ><span >+9.8%</span></span></span></span></p> </td> <td > <p ><span dir="RTL"><span ><span ><span >+4.5%</span></span></span></span></p> </td> <td > <p ><span dir="RTL"><span ><span ><span >+6.5%</span></span></span></span></p> </td> <td > <p ><span dir="RTL"><span ><span ><span >+8.2%</span></span></span></span></p> </td> <td > <p ><span dir="RTL"><span ><span ><span >+4.0%</span></span></span></span></p> </td> </tr> </tbody> </table> <p ></p> <table border="0" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr > <td colspan="6" > <p ></p> <p ></p> <p ><span ><span ><span >Quarterly net income development – AED mln</span></span></span></p> </td> </tr> <tr > <td > <p ><span ><span ><span >Item</span></span></span></p> </td> <td > <p ><span dir="RTL"><span ><span ><span >2</span></span></span></span><span ><span ><span >Q 2025</span></span></span></p> </td> <td > <p ><span dir="RTL"><span ><span ><span >3</span></span></span></span><span ><span ><span >Q 2025</span></span></span></p> </td> <td > <p ><span dir="RTL"><span ><span ><span >4</span></span></span></span><span ><span ><span >Q 2025</span></span></span></p> </td> <td > <p ><span dir="RTL"><span ><span ><span >1</span></span></span></span><span ><span ><span >Q 2026</span></span></span></p> </td> <td > <p ><span dir="RTL"><span ><span ><span >2</span></span></span></span><span ><span ><span >Q 2026</span></span></span><br> <span ><span ><span >Consensus</span></span></span></p> </td> </tr> <tr > <td > <p ><span ><span ><span >Net income</span></span></span></p> </td> <td > <p ><span dir="RTL"><span ><span ><span >2,257.6</span></span></span></span></p> </td> <td > <p ><span dir="RTL"><span ><span ><span >3,611.0</span></span></span></span></p> </td> <td > <p ><span dir="RTL"><span ><span ><span >1,980.5</span></span></span></span></p> </td> <td > <p ><span dir="RTL"><span ><span ><span >904.7</span></span></span></span></p> </td> <td > <p ><span dir="RTL"><span ><span ><span >2,402.8</span></span></span></span></p> </td> </tr> <tr > <td > <p ><span ><span ><span >Exceptional items</span></span></span><span dir="RTL"><span ><span ><span >*</span></span></span></span></p> </td> <td > <p ><span dir="RTL"><span ><span ><span >12.1</span></span></span></span></p> </td> <td > <p ><span dir="RTL"><span ><span ><span >577.0*</span></span></span></span></p> </td> <td > <p ><span dir="RTL"><span ><span ><span >259.0**</span></span></span></span></p> </td> <td > <p ><span dir="RTL"><span ><span ><span >72.2</span></span></span></span></p> </td> <td > <p ><span dir="RTL"><span ><span ><span >0.0</span></span></span></span></p> </td> </tr> <tr > <td > <p ><span ><span ><span >Net income before exceptional and non-recurring items</span></span></span></p> </td> <td > <p ><span dir="RTL"><span ><span ><span >2245.5</span></span></span></span></p> </td> <td > <p ><span dir="RTL"><span ><span ><span >3034.0</span></span></span></span></p> </td> <td > <p ><span dir="RTL"><span ><span ><span >1721.5</span></span></span></span></p> </td> <td > <p ><span dir="RTL"><span ><span ><span >832.5</span></span></span></span></p> </td> <td > <p ><span dir="RTL"><span ><span ><span >2402.8</span></span></span></span></p> </td> </tr> <tr > <td > <p ><span ><span ><span >EPS excluding non-recurring items</span></span></span><span ><span ><span >(fils/share)</span></span></span></p> </td> <td > <p ><span dir="RTL"><span ><span ><span >4.49</span></span></span></span></p> </td> <td > <p ><span dir="RTL"><span ><span ><span >6.07</span></span></span></span></p> </td> <td > <p ><span dir="RTL"><span ><span ><span >3.44</span></span></span></span></p> </td> <td > <p ><span dir="RTL"><span ><span ><span >1.66</span></span></span></span></p> </td> <td > <p ><span dir="RTL"><span ><span ><span >4.81</span></span></span></span></p> </td> </tr> </tbody> </table> <p ><span ><span ><span >*Includes financial compensation, insurance claims, disposal of properties and equipment, and scrap sales.</span></span></span></p> <p ><br> </p> <p ><span ><span ><span >Key events in Q2 2026:</span></span></span></p> <p ><br> <span ><span ><span >Shareholders approved an interim cash dividend of AED 3.1 billion (6.2 fils/share) for H2 2025.<br> <br> The company inaugurated ‘Al Shera’a, the new headquarters of the Dubai Electricity and Water Authority (DEWA), in Al Jaddaf. The iconic landmark, which reflects Dubai’s global leadership in innovation and sustainability, is the world’s tallest, largest and smartest net-positive government building.</span></span></span></p> <p ><br> <span ><span ><span >The company announced the establishment of "DEWA Global," a wholly owned and independent subsidiary of the authority, with a mandate covering the energy and water sectors. DEWA Global will focus on developing traditional and clean energy projects using the latest technologies, in partnership with leading organizations to execute joint projects worldwide.</span></span></span></p> <p ></p> <p ><span ><span ><span >Average forecasts for Q2 2026 </span></span></span></p> <p ><br> <span >The company is estimated to generate a net profit of AED 2,402.8 million, up 7% YoY, according to averae estimates by six research houses.</span></p> <table border="0" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr > <td colspan="2" > <p ><span ><span ><span >Consensus (research houses)</span></span></span></p> </td> </tr> <tr > <td > <p ><span ><span ><span >Research house</span></span></span></p> </td> <td > <p align="center" ><span ><span ><span >Forecasts (AED mln)</span></span></span></p> </td> </tr> <tr > <td > <p ><span ><span ><span >Al Mal Capital</span></span></span></p> </td> <td > <p align="center" ><span dir="RTL"><span ><span ><span >2,529.0</span></span></span></span></p> </td> </tr> <tr > <td > <p ><span ><span ><span >United Securities</span></span></span></p> </td> <td > <p align="center" ><span dir="RTL"><span ><span ><span >2,500.0</span></span></span></span></p> </td> </tr> <tr > <td > <p ><span ><span ><span >Goldman Sachs</span></span></span></p> </td> <td > <p align="center" ><span dir="RTL"><span ><span ><span >2,500.0</span></span></span></span></p> </td> </tr> <tr > <td > <p ><span ><span ><span >Morgan Stanley</span></span></span></p> </td> <td > <p align="center" ><span dir="RTL"><span ><span ><span >2,500.0</span></span></span></span></p> </td> </tr> <tr > <td > <p ><span ><span ><span >First Abu Dhabi Securities</span></span></span></p> </td> <td > <p align="center" ><span dir="RTL"><span ><span ><span >2,302.0</span></span></span></span></p> </td> </tr> <tr > <td > <p ><span ><span ><span >Citi Group</span></span></span></p> </td> <td > <p align="center" ><span dir="RTL"><span ><span ><span >2,086.0</span></span></span></span></p> </td> </tr> <tr > <td > <p ><span ><span ><span >Consensus</span></span></span></p> </td> <td > <p align="center" ><span dir="RTL"><span ><span ><span >2,402.8</span></span></span></span></p> </td> </tr> <tr > <td > <p ><span ><span ><span >Net income before exceptional and non-recurring items (Q2 2025)</span></span></span></p> </td> <td > <p align="center" ><span dir="RTL"><span ><span ><span >2,245.5</span></span></span></span></p> </td> </tr> <tr > <td > <p ><span ><span ><span >Variance</span></span></span><span dir="RTL"><span ><span ><span ><em>(%)</em></span></span></span></span></p> </td> <td > <p align="center" ><span dir="RTL"><span ><span ><span >+7%</span></span></span></span></p> </td> </tr> </tbody> </table> <p ></p> <table border="0" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr > <td colspan="3" > <p ></p> <p ><span ><span ><span >Stock performance</span></span></span></p> </td> </tr> <tr > <td > <p ><span ><span ><span >Item</span></span></span></p> </td> <td > <p align="center" ><span ><span ><span >Company</span></span></span></p> </td> <td > <p align="center" ><span ><span ><span >Market</span></span></span></p> </td> </tr> <tr > <td > <p ><span ><span ><span >Change YTD</span></span></span></p> </td> <td > <p align="center" ><span dir="RTL"><span ><span ><span >(1.81%)</span></span></span></span></p> </td> <td > <p align="center" ><span dir="RTL"><span ><span ><span >(4.26%)</span></span></span></span></p> </td> </tr> <tr > <td > <p ><span ><span ><span >Change</span></span></span><em><span ><span ><span >(last 12 months)</span></span></span></em></p> </td> <td > <p align="center" ><span dir="RTL"><span ><span ><span >(2.51%)</span></span></span></span></p> </td> <td > <p align="center" ><span dir="RTL"><span ><span ><span >(6.13%)</span></span></span></span></p> </td> </tr> <tr > <td > <p ><span ><span ><span >Previous close</span></span></span></p> </td> <td > <p align="center" ><span dir="RTL"><span ><span ><span >2.72</span></span></span></span></p> </td> <td > <p align="center" ><span dir="RTL"><span ><span ><span >5,789.73</span></span></span></span></p> </td> </tr> <tr > <td > <p ><span ><span ><span >Recurring P/E</span></span></span><em><span ><span ><span >(x)</span></span></span></em></p> </td> <td > <p align="center" ><span dir="RTL"><span ><span ><span >17.36</span></span></span></span></p> </td> <td > <p align="center" ><span dir="RTL"><span ><span ><span >9.22</span></span></span></span></p> </td> </tr> <tr > <td > <p ><span ><span ><span >Trailing 12-month EPS excluding exceptional and non-recurring items</span></span></span><em><span ><span ><span >(fils/share)</span></span></span></em></p> </td> <td > <p align="center" ><span dir="RTL"><span ><span ><span >15.67</span></span></span></span></p> </td> <td > <p align="center" ><span dir="RTL"><span ><span ><span >--</span></span></span></span></p> </td> </tr> </tbody> </table> <p></p>

Publication

Argaam - UAE News · Trade Publication

Published

30th July 2026

Original report

argaam.com

ProcIntel stores what the source published in its feed — a headline, a summary and a link. It does not store or reproduce the full article.