National Central Cooling Company PJSC (Tabreed) reported its results for the nine months ending 30 September 2025, recording group revenue of AED1.87 billion, a 1 percent annual increase.
The company noted that its performance underscores the strength of its fixed capacity revenues supported by long-term concession arrangements, even with the milder conditions experienced during Q3 2025.
EBITDA rose 5 percent year-on-year to AED975 million, with margins improving to 52.2 percent, driven by operating leverage, greater scale and continued cost discipline.
Net profit reached AED420 million for the nine-month period.
Tabreed’s Chairman, Dr. Bakheet Al Katheeri, stated that the completion of the PAL Cooling acquisition and the finalisation of the Palm Jebel Ali concession mark a new stage of growth and stability, enhancing clarity over future earnings.
He added: “As a leading national provider of district cooling, Tabreed is strongly positioned to support the UAE’s wider energy efficiency and sustainability ambitions. Our established market leadership, anchored by long-term concessions and operational excellence, ensures we continue to play a central role in the nation’s transition towards a low-carbon, resource-efficient economy.”
