Emirates Central Cooling Systems Corporation PJSC (Empower) will pay shareholders AED 437.5 million in interim cash dividends for the first half of 2026, following a decision by its Board of Directors. The dividend works out to 4.375 fils per share and represents 43.75% of the company’s paid-up share capital.
The decision follows a profitable first six months for Empower, with revenue and earnings both moving higher than a year earlier. It also keeps the company on track with its existing dividend policy, under which shareholders receive cash payments twice a year.
Empower has followed that schedule since its shares were listed on the Dubai Financial Market in November 2022. While maintaining regular distributions, the company has continued to invest in its district cooling infrastructure and expand its operations to serve Dubai’s growing urban developments.
Under its approved dividend policy, Empower has committed to annual cash distributions of AED 875 million for both 2025 and 2026. The latest payment of AED 437.5 million covers the first half of 2026 and follows an equivalent distribution for the second half of 2025, which shareholders approved at the company’s General Assembly in March 2026.
The new dividend will bring Empower’s total cash distributions since its stock market debut to approximately AED 3.45 billion. Before the latest announcement, the company had already paid shareholders around AED 3.01 billion.
The payments have continued alongside Empower’s investment in new infrastructure and its efforts to expand its district cooling business. The company is seeking to maintain regular shareholder returns while keeping enough capital available for its operations and future projects.
Empower’s first-half results provide further context for the latest dividend decision. Revenue for the six months reached AED 1.519 billion, up 4.5% from the corresponding period in 2025. Net profit after tax rose at a faster pace, increasing 16.2% to AED 468 million.
Earnings before interest, taxes, depreciation and amortization (EBITDA) came in at AED 773 million, an increase of 7.5% year over year.
The figures reflect a business that continued to grow while improving its operational efficiency. Empower’s ability to generate cash flow also gives it room to finance existing operations, develop infrastructure and maintain its dividend commitments.
The company is moving ahead with its expansion plans as Dubai’s continued economic and urban development creates further demand for district cooling services. Increasing cooling capacity, improving efficiency and making greater use of advanced technologies remain among its priorities.
Commenting on the distribution, Ahmad Bin Shafar, CEO of Empower, said: “The distribution of AED 437.5 million in cash dividends for the first half of 2026 reflects Empower’s continued commitment to providing sustainable and regular returns to our shareholders, while continuing to invest in the long-term growth of the company’s business.”
Bin Shafar added: “Dubai’s continued economic and urban growth provides further opportunities for the district cooling sector. We remain focused on expanding our infrastructure and increasing our capacity in line with growing demand, while enhancing operational efficiency, deploying advanced technologies, and maintaining financial discipline. This balanced approach enables us to continue pursuing our growth ambitions while creating sustainable, long-term value for our shareholders and all stakeholders.”
The company’s plans reflect the opportunities emerging from Dubai’s expanding urban landscape. As demand for district cooling increases, Empower is working to develop its infrastructure and raise its capacity while maintaining control over spending and capital allocation.
Regular dividends remain part of that broader financial approach. Empower’s distribution policy takes into account its financial performance, cash flow, liquidity needs, capital structure, market conditions and future funding requirements.
These considerations are intended to ensure that dividend payments remain sustainable without restricting the company’s ability to fund its operations or pursue new investment opportunities.
For shareholders, the next important date is September 29, 2026, the final day of entitlement for the first-half dividend. The shares will trade ex-dividend from September 30, while October 1 has been set as the record date.
Eligible shareholders will receive their payments on October 15, 2026. The total distribution amounts to AED 437.5 million, with each share entitled to 4.375 fils, subject to the applicable procedures and requirements.
With revenue and profits rising during the first half of the year, Empower is continuing its established dividend schedule while investing in the infrastructure needed to serve Dubai’s expanding district cooling market.
