Dubai’s district cooling services, Emirates Central Cooling Systems Corporation (Empower), reported revenue of AED2.586 billion (US$704.15 million), up by 5.5 per cent, and EBITDA of AED1.169 billion (US$318.3 million), up 4 per cent.
Pre-tax net profit was at AED757 million (US$206.1 million), up 5.3 per cent YoY.
Empower attributed its performance to the substantial increase for its services to the surge in demand in the real estate sector and the increasing number of new development projects in the emirate, as well as the broader adoption of its environmentally friendly district cooling solutions.
Ahmad Bin Shafar, CEO of Empower, said: “Empower’s strategic approach is guided by the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, who has made sustainability a core pillar of the nation’s comprehensive development journey.
“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 has signed many new contracts in the recent period to supply Dubai’s most prominent projects, in addition to progressing with the construction of new plants in key areas to meet the rising demand.
“This performance reflects our ability to combine steady growth with operational sustainability while maintaining our commitment to expanding our asset base and advanced networks to efficiently serve our partners and customers.”
Over the 12-month period from October 2024 to September 2025, Empower reported a consolidated revenue of AED3.395 billion (US$924.4 million), compared to AED3.217 billion (US$875.8 million) in the period from October 2023 to September 2024. EBITDA for the 12 months reached AED1.596 billion (US$434.6 million), compared to AED 1.512 billion in the previous year.
The third quarter of 2025 witnessed a significant increase in Empower’s operations as it signed 52 new contracts to supply over 56,000 refrigeration tons (RT) to various projects and buildings. This brought the total number of contracts to 138 during the first nine months of the year, with total contracted capacity reaching 1.92 million RT.
The company signed a contract in August to design a new district cooling plant at Dubai Science Park, for a total cooling capacity of 47,000 RT. The new plant will serve nearly 80 mixed-use buildings in the area and the construction is scheduled to begin by the end of the first quarter of 2026.
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