In the first half of 2025, Abu Dhabi National Energy Company (TAQA) recorded solid financial growth and operational progress, driven by its utilities business and strategic investments in future-ready infrastructure. The company also reduced debt and reaffirmed its commitment to clean energy expansion and shareholder value.
Financial performance: Revenue growth and stable profitability
TAQA reported a 4.5% increase in revenue year-on-year, reaching AED28.4 billion for the first six months of 2025. This growth was primarily attributed to higher pass-through costs in the Transmission & Distribution (T&D) segment, indicating the segment’s growing role in the company’s earnings profile.The group posted an EBITDA of AED10.2 billion, reflecting continued strength across its operating units. Net income stood at AED3.7 billion, with underlying profitability in TAQA’s core utilities businesses remaining stable and resilient, despite broader market challenges.
Strategic investments and capital expenditure
TAQA made significant strides in capital allocation during the first half of 2025, with AED5.2 billion committed towards building and enhancing infrastructure. The company’s investments focused on three core areas:
- Flexible Power Generation: Projects aimed at increasing system adaptability and responding to variable demand conditions.
- Transmission Upgrades: Strengthening grid infrastructure to support capacity growth and reliability.
- Desalination Initiatives: Strategic focus on water security through large-scale, energy-efficient desalination projects.
These capital efforts underline TAQA’s intent to stay ahead in utility innovation and meet rising demand both domestically and abroad.
Debt management and financial discipline
TAQA reduced its gross debt to AED61.7 billion, thanks to a combination of scheduled repayments and the maturity of a corporate bond. This move enhances the company’s financial flexibility, lowers interest burdens, and aligns with its ongoing commitment to financial discipline.This approach is part of a broader capital strategy that prioritizes long-term investment while also ensuring shareholder returns remain stable through prudent fiscal management.
Outlook: Clean energy, grid strengthening, and global expansion
TAQA leadership reaffirmed its strategy of disciplined execution and forward-looking investments. Key focus areas for the coming period include:
- Expansion of low-carbon power and water solutions
- Support for national decarbonisation targets
- Modernisation and resilience in grid infrastructure
- Diversification across regional and international markets
Mohamed Hassan Alsuwaidi, UAE Minister of Investment and TAQA Chairman, emphasized the company’s role as a “critical enabler of infrastructure development” and stressed the importance of creating “lasting value for shareholders” while contributing to the UAE’s energy transition and economic diversification goals.Jasim Husain Thabet, Group CEO and Managing Director, highlighted the company’s ability to deliver results amid dynamic market conditions. He noted steady progress across generation, water, and transmission projects, reinforcing TAQA’s model of integrated utility operations.
