TAQA profit rises 9.7%, approves Dh899 million dividend for shareholders
Dubai: TAQA shareholders will receive a second-quarter interim dividend of 0.8 fils per share, worth approximately Dh899 million, after the Abu Dhabi-listed utility reported a 9.7% increase in first-half net income despite lower revenue. Net income attributable to shareholders reached Dh4.1 billion in the first six months of 2026,…
Abu Dhabi-listed utility TAQA reported a 9.7% increase in net income for the first half of 2026, reaching Dh4.1 billion compared to Dh3.7 billion in the same period last year. Despite a 2.6% decline in revenue to Dh27.5 billion from Dh28.2 billion, the group's operating performance improved with EBITDA increasing 7.7% to Dh11 billion.
Higher earnings from transmission and generation businesses, as well as capital expenditure climbing 38% to Dh7.2 billion, contributed to the strong results. TAQA approved a Dh899 million interim dividend for shareholders and continued its renewable energy expansion, including a stake in Masdar and green bond issuances.
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