First-half energy profit hits 4.1B AED
During the first half of 2026, Abu Dhabi National Energy Company "Taqa" achieved profits of AED 4.1 billion, marking a 9.7% increase compared to the previous year, despite a decline in revenues to AED 27.5 billion from AED 28.2 billion. The shareholders’ net income increased as a result of a 7.7% rise in earnings before interest, taxes, depreciation, and amortization (EBITDA), reaching AED 11 billion. Additionally, capital expenditure grew by 38% to AED 7.2 billion, supported by ongoing expansions in electricity and water projects, as well as its support for global renewable energy ventures. This reflects the strength of its business model and financial stability.
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