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Abu Dhabi National Energy Company PJSC said in a press release that it recorded revenues of AED 27.5 billion for the six months ended June 30 2026. The figure represented a 2.6 percent decline from AED 28.2 billion in the comparable 2025 period mainly due to lower pass-through revenues in the distribution business extension works at the Shuweihat 1 Power Plant and reduced oil and gas output after planned decommissioning of UK North Sea assets. EBITDA increased 7.7 percent to AED 11.0 billion from AED 10.2 billion in the first half of 2025 while net income attributable to shareholders grew 9.7 percent to AED 4.1 billion from AED 3.7 billion the company reported.
Capital expenditure climbed 38 percent year on year to AED 7.2 billion reflecting accelerated spending on power water and transmission infrastructure according to the TAQA statement. Free cash flow stood at AED 4.6 billion compared with AED 7.0 billion a year earlier with the reduction largely attributable to the higher investment levels. The company’s board approved an interim dividend of 0.8 fils per share for the second quarter totaling approximately AED 899 million the press release added.
TAQA highlighted several strategic infrastructure partnerships secured during the period in its announcement. A consortium led by TAQA holding a 60 percent stake won the contract from EWEC for the 2.6 GW Taweelah C independent power producer project which will support grid stability and renewable integration in Abu Dhabi through 2050. The group also signed a 27-year utilities purchase agreement with ADNOC to supply the TA’ZIZ Industrial Chemicals Zone in Ruwais.
In water infrastructure TAQA Water Solutions partnered with Etihad Water and Electricity plus Saur International on a long-term deal with the Ras Al Khaimah government to build the emirate’s largest wastewater treatment plant. The facility will have a capacity of 60 000 cubic metres per day and serve up to 300 000 people the statement said. TAQA along with EWEC Masdar EDF Power Solutions and Jinko Power completed a USD 870.75 million green bond issuance to refinance the Al Dhafra Solar Photovoltaic independent power plant.
Through its significant stake in Masdar the company supported further international renewable energy expansion during the first half of 2026 according to the release. Masdar signed a binding agreement to form a USD 2.2 billion joint venture with TotalEnergies covering onshore renewable projects across Asia and acquired a 49.99 percent stake in a EUR 849 million 705 MW operational renewables portfolio in Spain. It also secured contracts for difference for 3 GW of new offshore wind capacity in the UK’s Dogger Bank South projects.
Jasim Husain Thabet group chief executive officer and managing director of TAQA said “TAQA has delivered a strong first half of the year with growth across our utilities businesses driving higher earnings. Our integrated model gives us the stability and financial strength to keep investing in the power and water infrastructure needed for decades to come. That is true both in the UAE and across our international markets. Over the past six months we advanced strategic partnerships that strengthen Abu Dhabi’s industrial development and sustainability ambitions. Through Masdar we extended our reach across key renewable energy markets further strengthening our international presence and supporting the global energy transition. Wherever we operate we bring the same long-term perspective and the same commitment to the customers and communities we serve. That is what will continue to drive TAQA forward in the second half of the year and beyond.”
