Abu Dhabi National Energy Company (TAQA) has released its financial results for the nine-month period ending September 30, 2025. 

The firm reported Group revenues of AED 42.7 billion ($11.6 billion), representing a 2.9 percent increase compared to the same period last year, largely fueled by an uptick in pass-through revenue within the Transmission and Distribution segment, according to a statement.

The company achieved EBITDA of AED 16.0 billion, with net income amounting to AED 6.1 billion during this nine-month timeframe.

Capital expenditure surged by 47 percent to AED 8.9 billion, driven by enhancements to the Transmission and Distribution (T&D) network and various special projects, alongside progress on the 1 GW Al Dhafra Thermal development and rehabilitation efforts in Water Solutions. 

This increase was partially offset by a decrease in Oil & Gas capital expenditure due to UK decommissioning activities and reduced operations in North America.

TAQA continues to uphold a robust financial position, showcasing a net debt-to-capital ratio of 34 percent. Its total accessible liquidity stood at AED 26.5 billion, which includes AED 7.4 billion in net cash and AED 19.1 billion in undrawn credit facilities.