Emirates Central Cooling Systems Corp. (EMPOWER)

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News

10 February 07:56 PM Empower witnesses annual surge in 2025 net profit; revenue nears AED 3.5bn

Dubai – Mubasher: Emirates Central Cooling Systems Corporation (Empower) recorded AED 1 billion worth of net profit after tax during 2025, marking a growth from AED 908.23 million in 2024. Empower generated revenue amounting to AED 3.41 billion in …

Financial Results

12 October 2025 03:23 PM Empower unveils AED 437.5m dividend for H1-25, new board members

Dubai - Mubasher: The shareholders of Emirates Central Cooling Systems Corporation (Empower) approved a cash dividend of AED 437.50 million for the first half (H1) of 2025. Empower will pay out 4.37 fils per share, equivalent to 43.75% of its …

Board of Directors

5 August 2025 03:43 PM Empower’s net profits exceed AED 402.5m in H1-25

Dubai - Mubasher: Emirates Central Cooling Systems Corporation (Empower) posted higher net profits after tax at AED 402.66 million in the first half (H1) of 2025, up 3.40% from AED 389.52 million in H1-24. Revenue grew to AED 1.45 billion in H1-25 …

Financial Results

12 May 2025 04:28 PM Empower logs AED 145m profits in Q1-25

Dubai – Mubasher: Emirates Central Cooling Systems Corporation (Empower) reported a total revenue of AED 539.95 million in the first quarter (Q1) of 2025, up 0.40% year-on-year (YoY) from AED 537.72 million. Net profits after tax hit AED 144.81 …

Financial Results

17 February 2025 10:33 AM Empower’s revenues jump 7.5% in 2024 financial results

Dubai – Mubasher: Emirates Central Cooling Systems Corporation (Empower) posted year-on-year (YoY) higher net profits at AED 908.23 million in 2024 , compared to AED 960.08 million. Revenues amounted to AED 3.26 billion in 2024, up 7.40% …

Cash Dividends

11 November 2024 01:53 PM Empower logs AED 654.5m profits in 9M-24

Dubai – Mubasher: Emirates Central Cooling Systems Corporation (Empower) recorded net profits worth AED 654.45 million in the first nine months (9M) of 2024, versus AED 684.89 million in 9M-23. Revenues hit AED 2.45 billion in 9M-24, marking an …

Financial Results

7 August 2024 10:51 AM Empower sees lower net profits in H1-24

Dubai – Mubasher: Emirates Central Cooling Systems Corporation (Empower) achieved net profits after tax valued at AED 389.52 million in the first half (H1) of 2024, marking an annual drop from AED 402.95 million. Meanwhile, the revenues grew …

Financial Results

13 June 2024 10:50 AM Empower to sponsor largest global district cooling event

Dubai – Mubasher: Emirates Central Cooling Systems Corporation (Empower) has announced that it will sponsor and participate in the International District Energy Association (IDEA) 2024 Annual Conference in Orlando. Taking place from 17 to 20 June, …

Companies Investments

7 May 2024 11:36 AM Empower’s net profits fall to AED 165.5m in Q1-24

Dubai – Mubasher: The net profits of Emirates Central Cooling Systems Corporation (Empower) declined to AED 165.50 million in the first quarter (Q1) of 2024 from AED 167.35 million in Q1-23. Empower posted revenues amounting to AED 537.72 million …

Financial Results

22 April 2024 09:38 AM Empower connects Al Wasl Tower to its district cooling network

Dubai – Mubasher: Emirates Central Cooling Systems Corporation (Empower) has connected Al Wasl Skyscraper to the company’s district cooling network, according to a press release. The first phase of the process has already started, while the second …

Companies Investments

3 April 2024 11:22 AM Empower records 54% surge in district cooling consumption over 5 years

Dubai – Mubasher: Emirates Central Cooling Systems Corporation (Empower) announced a record increase of 54% in the volume of consumption of its district cooling services over the past five years. The use of district cooling services jumped 16% …

Companies Investments

31 March 2024 00:42 PM Empower’s shareholders approve 42.5% of capital as dividends for H2-23

Dubai – Mubasher: Emirates Central Cooling Systems Corporation (Empower) announced cash dividends of AED 425 million for the second half (H2) of 2023, according to a press release. Empower will disburse AED 0.04 per share, equivalent to 42.50% of …

Cash Dividends

12 February 2024 11:59 AM Empower logs AED 960m profits in 2023; dividends unveiled

Dubai – Mubasher: Emirates Central Cooling Systems Corporation (Empower) registered net profits amounting to AED 960.08 million in 2023, lower year-on-year (YoY) than AED 1 billion. The revenues reached AED 3.03 billion in January-December 2023, …

Board of Directors

27 December 2023 09:44 AM Empower, ASHRAE join forces to boost district cooling industry

Dubai – Mubasher: Emirates Central Cooling Systems Corporation (Empower) teamed up with the American Society of Heating Refrigerating and Air-Conditioning Engineers (ASHRAE) to enhance the cooling and heating sector. The two entities will …

Companies Investments

5 November 2023 10:25 AM Empower’s profits down in 9M-23; revenues rise to AED 2.26bn

Dubai – Mubasher: Emirates Central Cooling Systems Corporation (Empower) posted net profits worth AED 684.89 million in the first nine months (9M) of 2023, versus AED 732.04 million in 9M-22. The UAE company generated revenues valued at AED 2.26 …

Financial Results

19 October 2023 09:17 AM Empower pays AED 425m cash dividends for H1-23

Dubai – Mubasher: The board members of Emirates Central Cooling Systems Corporation (Empower) approved cash dividends valued at AED 425 million for the first half (H1) of 2023. The cash dividends account for 42.50% of the company’s paid-up …

Cash Dividends

16 October 2023 11:38 AM Empower to build advanced district cooling plant; explanation plans unveiled

Dubai – Mubasher: Emirates Central Cooling Systems Corporation (Empower) has awarded a set of contracts to build an advanced new-generation district cooling plant, according to a press release. The DFM-listed company plans to expand the district …

Companies Investments

6 August 2023 03:35 PM Empower achieves AED 403m net profits in H1-23; revenues grow 6%

Dubai – Mubasher: Emirates Central Cooling Systems Corporation (Empower) registered a net profit of AED 402.95 million during the first half (H1) of 2023, down from AED 431.71 million in H1-22. The basic and diluted earnings per share (EPS) went …

Financial Results

8 May 2023 08:49 AM Empower witnesses lower profits in Q1-23 results

Dubai – Mubasher: Emirates Central Cooling Systems Corporation (Empower) posted net profits attributable to the shareholders worth AED 167.26 million in the first quarter (Q1) of 2023, versus AED 181.22 million in Q1-22. Revenues increased by 6% …

Financial Results

17 April 2023 11:38 AM Empower unveils AED 102m project in Dubai

Dubai - Mubasher: Emirates Central Cooling Systems Corporation (Empower) launched a modernisation and upgradation project at a value of AED 102 million for the Jumeirah Beach Residence (JBR) district cooling plant in Dubai, according to a press …

Companies Investments

30 March 2023 08:52 AM Empower’s general assembly greenlights H2-22 dividends

Dubai - Mubasher: The shareholders of Emirates Central Cooling Systems Corporation (Empower) approved cash dividends worth AED 425 million, equivalent to 42.50% of the paid-up capital, for the second half (H2) of 2022. The company will pay a …

Cash Dividends

22 February 2023 09:17 AM Empower to pump AED 450m into DMC project

Dubai - Mubasher: Emirates Central Cooling Systems Corporation (Empower) has announced plans to invest AED 450 million in Dubai Maritime City (DMC), which is part of DP World, according to a press release. Empower and DMC inked an agreement to …

Companies Investments

13 February 2023 11:57 AM Empower’s profits to shareholders hit AED 1bn in 2022; dividends for H2-22 proposed

Dubai - Mubasher: The net profits attributable to the owners of Emirates Central Cooling Systems Corporation (Empower) totalled AED 1 billion in 2022, an annual growth of 7% from AED 935.86 million. Empower, formerly known as Emirates Central …

Cash Dividends

15 November 2022 03:22 PM Empower sees AED 732m profits to owners in 9M-22

Dubai - Mubasher: Emirates Central Cooling Systems Corporation (Empower) registered AED 731.96 million net profits attributable to the equityholders in the first nine months (9M) of 2022, versus AED 660.10 million. Revenues amounted to AED 2.07 …

Financial Results