Revenue distribution by sectors:

• Electricity supply: approx. 75%
• Water supply: approx. 20%
• Other services: approx. 5%

TOP 3 markets:

1. Domestic market (United Arab Emirates): approx. 90%
2. Middle East (outside the UAE): approx. 7%
3. International (other countries): approx. 3%

Dubai Electricity and Water Authority (DEWA) generates the majority of its revenue from electricity and water supply, with the domestic market of the United Arab Emirates accounting for the largest share. The focus is strongly on providing services to the growing population and industry in Dubai and the surrounding areas. The rest of the revenue is generated through smaller international engagements and services.

Production Sites: Dubai, United Arab Emirates

The Dubai Electricity and Water Authority (DEWA) primarily produces its products, namely electricity and water, in Dubai. DEWA operates several power plants and water desalination plants in the region to meet the energy and water needs of the city. These facilities are strategically located in Dubai to ensure efficient supply to the population and industry.

DEWA continuously invests in the modernization and expansion of its infrastructure to cope with the increasing demand due to population growth and economic development in Dubai.

Revenue Growth: Estimated 8-10% annually (2025) Investments in Renewable Energies: 40% of the total energy mix by 2030

Dubai Electricity and Water Authority (DEWA) pursues a strategy that is strongly focused on sustainability and renewable energies. A key goal is to increase the share of renewable energies in the total energy mix to 40% by 2030. This is intended to be achieved through significant investments in solar energy and other renewable technologies.

In addition, DEWA plans to intensify the digitization of its services to increase efficiency and enhance customer experience. This includes the use of smart grids and IoT technologies to better monitor and optimize energy consumption.

Another strategic focus is on international expansion and tapping into new markets to maximize growth potential beyond Dubai's borders. DEWA sees collaboration with international partners and participation in global projects as a way to spread its expertise and technologies worldwide.

Main imports: Natural gas, water treatment chemicals, technical equipment
Countries of origin: Qatar, Saudi Arabia, USA, Germany

Dubai Electricity and Water Authority (DEWA) mainly imports natural gas, which is used as the primary fuel for electricity generation. A significant portion of the natural gas is sourced from Qatar and Saudi Arabia, as these countries have extensive natural gas reserves and are geographically close.

In addition, water treatment chemicals and technical equipment are imported. These materials often come from the USA and Germany, which are known for their advanced technologies and high-quality products.

DEWA relies on a diversified procurement strategy to ensure supply security and minimize dependence on individual suppliers.

Market share: 100% in the supply area (2025)

Credit rating: A2 (Moody's, 2024)

Share of renewable energy: 14% (2025)

Dubai Electricity and Water Authority (DEWA) has a significant competitive advantage as it is the only company providing electricity and water in Dubai. This monopoly position secures DEWA a complete market share in its supply area, guaranteeing a stable source of income.

The company has a solid credit rating of A2, indicating strong financial stability and a low probability of default. This allows DEWA to raise capital for investments in infrastructure and renewable energies at favorable terms.

DEWA is heavily investing in renewable energies, with a share of 14% of total energy generation in 2025. These investments position the company well for future regulatory requirements and increasing demand for sustainable energy sources.

In summary, DEWA benefits from its monopolistic market position, financial stability, and strategic investments in renewable energies, further strengthening its competitive advantage.

Institutional investor share: 45% (estimated for 2025)
Insider purchases/sales: No significant transactions reported (2025)

The institutional investor share in the Dubai Electricity and Water Authority (DEWA) is estimated to be around 45%. This reflects the interest of large institutional investors investing in utility companies to benefit from stable returns and dividends.

No significant insider purchases or sales were reported for the year 2025. This could indicate that the management and other insiders have confidence in the current company strategy and valuation.

Market share of DEWA: 100% in the area of electricity and water supply in Dubai (2025)

Main competitors: No direct competitors in the supply sector in Dubai

DEWA's moat:

• Monopoly position: DEWA holds a monopoly position in Dubai, which represents a significant moat.
• Infrastructure: Comprehensive and modernized infrastructure that is difficult to replicate.
• Regulatory support: Strong support from the Dubai government, which has established DEWA as the main provider.

Comparison with other companies: Due to its monopoly position and regulatory support, DEWA has a significant moat compared to potential competitors. In the region, there are no direct competitors that could have a comparable market share or influence.

Other utility companies in the region:

• Abu Dhabi National Energy Company (TAQA): Mainly operates in Abu Dhabi and has no direct impact on the Dubai market.
• Saudi Electricity Company: Mainly active in Saudi Arabia and therefore not a direct competitor in Dubai.

Conclusion: DEWA has a significant advantage due to its monopoly position and government support. Other companies in the region do not have a comparable influence on the Dubai market. DEWA's moat is very strong due to regulatory and infrastructural barriers.

Revenue growth: 8.5% (2024) Profit growth: 10.2% (2024) Market share in Dubai: Over 90%

Dubai Electricity and Water Authority (DEWA) shows solid revenue and profit growth, indicating a stable demand for electricity and water in Dubai. The company benefits from its dominant market position in the region and Dubai's continuous urban development.

DEWA is heavily investing in renewable energy and infrastructure, opening up future growth opportunities. The strategic focus on sustainable energy sources could lead to cost savings and a stronger market position in the long term.

Analysts estimate that DEWA, due to its monopolistic position and the support from the Dubai government, is well positioned to benefit from the region's growing population and economic expansion. This makes the stock a potentially stable investment for long-term oriented investors.

Dividend yield: 6.5% (2025, estimated)
Dividend history: Continuous payouts since IPO in 2022

Dubai Electricity and Water Authority (DEWA) has been regularly distributing dividends since its IPO in 2022. The company's dividend policy aims to return a significant portion of the profit to the shareholders, which is reflected in an attractive estimated dividend yield of 6.5% in 2025.

The reliability of the payout is supported by the stable financial situation and the monopolistic position of DEWA in the utility sector in Dubai. These factors contribute to a continuous and reliable dividend payment. Analysts expect that DEWA will maintain a similar dividend policy in the coming years, provided that there are no unforeseen economic or regulatory changes.