Abu Dhabi Nationwide Power Firm (TAQA) delivered a 4.5 per cent year-on-year enhance in income for the primary six months (H1) of 2025, reaching AED 28.4 billion (US$7.73 billion), led by greater pass-through prices within the Transmission & Distribution (T&D) section.
Regardless of strong development in income, EBITDA declined 11 per cent YoY to AED 10.2 billion (US$2.78 billion) and web earnings fell 19.7 per cent to AED 3.7 billion (US$1.01 billion). Profitability was impacted by an anticipated decline in oil & gasoline manufacturing following the cessation of manufacturing from 4 UK property and weaker oil costs, in addition to greater financing prices and non-recurring objects.
Nonetheless, underlying profitability in TAQA’s core utilities companies remained robust.
The group diminished its gross debt place to AED 61.7 billion (US$16.8 billion), enabled by scheduled repayments and the maturity of a company bond. TAQA additionally accelerated funding in future capability, with AED 5.2 billion (US$1.42 billion) in capital expenditure directed towards versatile technology, transmission upgrades and desalination initiatives.
World footprint and investments increase
Regardless of these pressures, TAQA continued to execute its worldwide technique in new and current markets.
It signed agreements with nationwide and personal sector companions in Morocco to speed up the event of built-in energy and water infrastructure. This consists of environment friendly gas-fired and renewable energy technology, water desalination, and energy and water transmission infrastructure. Mixed, these initiatives signify a possible funding of roughly AED 52 billion (US$14.16 billion).
In Central Asia, it accomplished the joint acquisition of the 875MW Talimarjan energy advanced in Uzbekistan with Mubadala. Within the UK, TAQA Transmission is progressing the mixing of the not too long ago acquired Transmission Funding, which manages roughly AED 15 billion (US$4.08 billion) in property throughout its portfolio of 11 OFTO initiatives. In Greece, Masdar accomplished the 100 per cent acquisition and delisting of TERNA ENERGY, a pacesetter within the nation’s renewable vitality market.
Mohamed Hassan Alsuwaidi, Chairman of TAQA, commented: “TAQA continues to ship throughout its core companies and new development markets, reflecting the power of its long-term technique.
“Within the first half of the 12 months, the Group superior its place as a crucial enabler of infrastructure growth, each inside the UAE and internationally. Alongside sustained funding in home energy and water infrastructure, our rising worldwide presence, together with our plans to extend our footprint in Morocco, reinforces TAQA’s dedication to offering dependable, environment friendly energy and water provide at scale.
“Because the enterprise evolves, our focus stays on disciplined execution and creating lasting worth for shareholders, whereas supporting the broader vitality transition and financial diversification objectives of the UAE and the markets we function in.”
Trying forward, TAQA stays centered on advancing its strategic priorities, increasing low-carbon energy and water options, strengthening grid infrastructure, and enabling vitality transition throughout its markets. The Group continues to assist nationwide decarbonisation objectives whereas delivering dependable returns to shareholders by way of disciplined execution and long-term funding.
Jasim Husain Thabet, TAQA’s Group Chief Govt Officer and Managing Director, added: “TAQA’s efficiency within the first half of 2025 displays the power of our built-in utility mannequin and talent to constantly ship worth in dynamic market situations.
“Regardless of headwinds, we continued to make tangible progress on precedence initiatives throughout technology, water and transmission, growing system flexibility and increasing our world portfolio. These are essential steps that reinforce TAQA’s place as a dependable associate for large-scale energy and water options, regionally and globally.”
