TAQA Abu Dhabi Posts 6% Profit Growth in 2025
TAQA Abu Dhabi delivered solid financial results for 2025, reporting a 6% increase in net profit compared to the previous year.
The improvement was driven by lower financing costs, reduced operating expenses, and a decline in foreign exchange losses.
Net profit reached approximately $2.04 billion, while revenues remained stable at $14.89 billion.
The performance highlights the company’s ability to balance sectoral challenges with growth opportunities in other business segments.
Stable Revenues Despite Oil and Gas Decline
TAQA Abu Dhabi benefited from a 5% growth in its power and water transmission and distribution operations, which partially offset a sharp 28% drop in oil and gas revenues.
The decline was mainly attributed to lower commodity prices and reduced output.
Planned shutdowns at several North Sea fields also weighed on production levels.
Nevertheless, diversification across infrastructure activities helped mitigate the overall impact on earnings.
Significant Capital Expenditure Growth
Capital expenditure surged by 50% in 2025, reaching approximately $4.08 billion.
This increase reflects TAQA Abu Dhabi’s strategic focus on expanding infrastructure investments across power, water, and transport sectors.
Among key projects is the 1 GW Al Dhafra thermal plant, alongside other strategic developments aimed at enhancing long-term sustainability and energy security in the UAE.
Dividend Policy and Share Performance
The board recommended a fixed dividend of $0.0041 per share for the fourth quarter of 2025, in addition to a variable dividend of $0.0019 per share.
Total proposed dividends for the year stand at $0.0121 per share.
On the Abu Dhabi Securities Exchange, TAQA Abu Dhabi shares closed 2.8% lower at $0.836, marking a decline of around 9% since the start of the year.
Abu Dhabi National Energy Company, state-owned, holds a 90% stake in the firm.
Gradual Revenue Structure Shift
The annual results indicate a gradual transformation in TAQA Abu Dhabi’s revenue mix, with a stronger emphasis on stable infrastructure-based income streams.
This strategy aims to reduce exposure to oil and gas volatility.
With continued investment in strategic projects, the company appears well-positioned to sustain growth and deliver long-term shareholder value within the supportive economic environment of the UAE.
