Seven companies affiliated with the Government of Dubai and listed on the Dubai Financial Market (DFM) delivered a notably strong performance in 2025, with their combined net profits rising by 32% compared to the previous year.

According to official disclosures published on the DFM, the total net profits of the seven companies reached AED 15.4 billion in 2025, up from AED 11.64 billion in 2024. The figures highlight steady growth across several vital sectors, from utilities and infrastructure to transport and real estate services.

The companies included in the review are Dubai Electricity and Water Authority (DEWA), TECOM Group, Salik, Emirates Central Cooling Systems Corporation (Empower), Dubai Taxi Company, Parkin, and ALEC Holding.

DEWA Leads in Profitability

Dubai Electricity and Water Authority (DEWA) once again accounted for the largest share of profits among the group. The utility reported net earnings of AED 9.09 billion in 2025, compared to AED 7.23 billion in 2024, marking a 25.72% year-on-year increase. The results reflect stable demand and continued operational efficiency.

TECOM and Salik Maintain Strong Momentum

TECOM Group secured the second position, with net profits rising sharply to AED 2.086 billion in 2025, up from AED 1.228 billion the year before — a growth rate of 69.86%. The performance mirrors sustained demand for its business districts and specialized communities.

Salik also recorded solid gains, with annual profits increasing by 33.41% to AED 1.553 billion, compared to AED 1.164 billion in 2024, supported by steady traffic volumes and economic activity across the emirate.

Empower, Parkin and ALEC Post Healthy Growth

Emirates Central Cooling Systems Corporation (Empower) reported net profits exceeding AED 1.004 billion in 2025, representing growth of 10.57% compared to approximately AED 908 million the previous year.

Parkin posted a strong 47.75% rise in profits, reaching AED 625 million, up from AED 423 million in 2024.

ALEC Holding delivered one of the most significant increases among the seven companies, with profits surging 89.77% year-on-year to AED 687 million, compared to AED 362 million in the prior year.

Dubai Taxi Company Records Steady Increase

Dubai Taxi Company achieved net profits of AED 356 million in 2025, up from AED 331 million in 2024, reflecting a steady growth rate of 7.55% amid continued demand for transport services.

IPOs Continue to Support Market Growth

The government IPOs launched on the Dubai Financial Market since 2022 — including the listing of these seven entities — have played a central role in strengthening the market’s structure and enhancing its appeal to investors.

In November 2021, His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, announced plans to list 10 government and semi-government entities on the DFM. The initiative was designed to deepen the market, increase liquidity, and reinforce Dubai’s position among the world’s leading financial hubs.