Empower Reports AED540 Million Q1 2025 Revenue Surge

Dubai

[

UAE

], May 9 (ANI/WAM): Emirates Central Cooling Systems Corporation PJSC —

Empower

The global leader in district cooling services reported its financial outcomes for the initial three months of 2025.

The firm announced a overall income of AED540 million, marking a 0.4 percent growth from the corresponding timeframe in 2024, along with an EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) figure of AED297 million.

Empower

Additionally, the company announced a pretax net profit of AED159 million and a post-tax net profit totaling AED145 million for the quarter ending March 31, 2025.

Ahmad bin Shafar, CEO of

Empower

, remarked: “The sustainable growth we experienced in the first quarter of this year can be attributed directly to our strategic expansion into crucial projects, along with

Empower

‘ proficiency in enhancing the worth of its expanding presence within the district cooling sector. We have effectively incorporated numerous additional real estate ventures from different industries into our comprehensive collection, fueling strong demand for our offerings. Our services have emerged as the top preference for property owners and final consumers alike.’

”

Empower

is steadfastly dedicated to growing its asset portfolio, which encompasses facilities and distribution channels, in order to address increasing demand and enhance its competitive position, thus securing enduring, long-term profitability,” he noted.

Bin Shafar emphasised that

Empower

‘s financial results are a cornerstone of its continued global leadership in the district cooling market. He noted that these results reaffirm the company’s outstanding ability to meet increasing demand with service standards that exceed international benchmarks, supported by high operational readiness and the robust capacity of its extensive asset base.

Bin Shafar affirmed that

Empower

The company’s initiatives to capitalize on the upward trend in real estate and overall economic expansion, along with persistent investments in broadening its asset base and infrastructure, are crucial factors in achieving higher value, attractive returns, and long-term prosperity for stakeholders.

Based on the corporation’s fiscal reports,

Empower

The reported consolidated revenue for the year spanning April 2024 to March 2025 was AED3.26 billion, up from AED3.08 billion during the previous year from April 2023 to March 2024, indicating a robust increase of 6%. Furthermore, the company’s EBITDA over the past twelve months stood at AED1.53 billion, an uptick from AED1.49 billion recorded in the timeframe from April 2023 to March 2024, representing a rise of 3.3%.

In March 2025,

Empower

At the Annual General Meeting, where 89.9 percent of shareholders were present, the board’s proposal was endorsed to issue cash dividends for the latter part of 2024. This approval led to a total dividend distribution of AED437.5 million, equating to 4.375 fils per share, which constitutes 43.75 percent of the firm’s paid-up capital.

The initial three months of 2025 witnessed considerable growth.

Empower

The company has expanded its operations by securing 46 new contracts to provide more than 43,000 refrigeration tons (RT) for multiple projects and structures throughout different regions.

Dubai

This has led to the company’s overall contracted capacity exceeding 1.81 million RT. Furthermore,

Empower

Exceeding a connected capacity of 1.58 million refrigeration tons (RT), an increase of over 15,000 RT was observed in the first quarter of this year. This significant rise underscores the rising interest from real estate developers and property owners in the emirate towards eco-friendly district cooling systems.

During this period,

Empower

strengthened its presence across

Dubai

By entering into several contracts to furnish prominent initiatives with its eco-friendly district cooling solutions, key among them was a strategic alliance formed with Wasl Group aimed at supplying district cooling for The Island Resort project. This agreement encompasses a cooling capability of 23,853 refrigeration tons, scheduled to begin operations in the first quarter of 2028. Additionally, an independent advancement took place.

Empower

entered into an accord with the

Dubai

The DMCC, the area’s premier business center, will provide district cooling for the subsequent stage of development at Uptown

Dubai

development, featuring a capacity of 24,675 refrigeration tons (RT).

Additionally,

Empower

concluded an accord to provide eco-friendly cooling solutions for the Palm Gateway initiative located on Palm Jumeirah, boasting a cooling capability of 9,470 refrigeration tons. Operations for this project are slated to begin in the second quarter of 2026.

Empower

experienced significant expansion during the initial three months of 2025, incorporating 19 additional structures into its collection. Furthermore, the count of validated digital sign-ups from prospective clients across governmental and commercial domains increased by 22 percent when contrasted with the corresponding timeframe in the previous year. Additionally,

Empower

In partnership with strategic allies such as banks and financial organizations, they managed to process 224,886 bill payments via digital channels, marking a 7% rise from the previous year’s figures during the corresponding timeframe. This achievement is part of their continuous initiatives aimed at improving operational efficiency.

Empower

Additionally, 11,116 No-Objection Certificates (NOC) were approved for service requests in the first quarter of 2025, marking an 8% year-over-year growth.

Empower

attended the IDEA Campus Energy 2025 Conference, which took place in Boston, USA, between February 3 and 6. The gathering was organized by the International District Energy Association (IDEA) and attracted more than 1,000 attendees globally. During the conference, Ahmad Bin Shafar had a meeting with Rob Thornton, President and CEO of IDEA, to talk about the arrangements for upcoming events.

Dubai

‘s hosting of the District Cooling Conference 2025, marking the fourth occasion that the emirate will welcome this esteemed gathering.

In the first quarter of 2025, Ahmad Bin Shafar was included in the list of ”

Dubai

100, “Arabian Business’ esteemed roster of key figures influencing”

Dubai

‘ｓ future spanning various fields such as commerce, governance, tech, and culture. This acknowledgment underscores substantial efforts toward promoting sustainability and strengthening

Dubai

Its position as a worldwide center for innovation and excellence. (ANI/WAM)