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Summary
Emirates Central Cooling Systems Corporation PJSC – Empower, the world's largest district cooling services provider, announced its financial results for the first quarter of 2025.
The company reported a total revenue of AED540 million, representing a 0.4 percent increase compared to the same period in 2024, and EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) of AED297 million. Empower also reported a pre-tax net profit of AED159 million and the Net Profit after tax amounted to AED145 million for the quarter ended 31 March 2025.
Ahmad Bin Shafar, CEO of Empower, commented: "The sustainable growth during the first quarter of this year is a direct result of our strategic expansion in key projects, combined with Empower’s expertise in maximising the value of its growing footprint in the district cooling market. We have successfully added an increasing number of real estate projects across various sectors into our extensive portfolio, driving high demand for our services, which have become the preferred choice for both building owners and end-users.”
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