Taqa Reports Strong Half-Year Profits

Abu Dhabi National Energy Company "TAQA" announced its financial results for the first half of 2026, recording a net profit of AED 4.1 billion, an increase of 9.7% compared to the same period last year. Total revenues reached AED 27.5 billion. Additionally, earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by 7.7%. The company confirmed that its investment expansions in infrastructure projects, particularly in the electricity and water sectors, led to a 38% increase in capital expenditure, reaching AED 7.2 billion. Free cash flows amounted to AED 4.6 billion, despite a decrease compared to the previous year due to spending on new projects. TAQA's investments are aligned with the UAE strategy to enhance energy security and achieve carbon neutrality by 2050, focusing on infrastructure and renewable energy projects, financed through sustainable instruments such as green bonds.

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