Tabreed posts solid growth for first nine months; revenue soars to $509m

17/11/2025 04:12 AST

National Central Cooling Company (Tabreed) has announced the results for the nine-month period ended September 30, 2025, posting a group revenue of AED1.87 billion ($509 million), up 1% year-on-year.

The company said the performance reflects the resilience of its fixed capacity revenues backed by long-term concession agreements, despite milder weather in Q3 2025.

Its ebitda grew 5% year-on-year to AED975 million, with margins expanding to 52.2%, reflecting operating leverage, scale efficiencies and sustained cost discipline. Its net profit for the nine-month period stood at AED420 million.

On the solid performance, Chairman Dr Bakheet Al Katheeri said that with the completion of the PAL Cooling acquisition and finalisation of the Palm Jebel Ali concession, Tabreed has entered a new phase of scale and stability that strengthens future earnings visibility.

"As a national champion in district cooling, Tabreed is well placed to contribute meaningfully to the UAE's energy efficiency and sustainability goals. Our market-leading position, built on long-term concessions and operational excellence, ensures we remain a key enabler of the country's vision for a low-carbon, resource-efficient economy," he stated.

CEO Khalid Al Marzooqi said: "This year has been about building for the next decade; investing in capacity, technology and execution so Tabreed can grow predictably and sustainably."

"We added record organic capacity, brought new plants online across our network, and advanced innovation through partnerships that sharpen efficiency and resilience," he added.

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