National Central Cooling Company PJSC (TABREED) Earnings Call Transcripts
National Central Cooling Company PJSC's Latest Earnings Call - Q1 FY2026
In Q1 2026, National Central Cooling Company PJSC (Tabreed) reported a revenue of $486 million, reflecting a 4% year-over-year increase, while EBITDA rose to $285 million, up 1% with a margin of 59%. The company maintained its guidance for 3% to 5% annual capacity growth through 2028, despite modest capacity additions in the quarter. Management emphasized strong cash generation, improved cash balance, and stable operations, which could positively influence investor sentiment moving forward.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $486 million (beat) |
| EBITDA | $285 million (beat) |
| Net Profit | AED 78 million (miss) |
| Cash Flow from Operations | $284 million (positive) |
| Net Debt to EBITDA | 4.5x (positive) |
| EBITDA Margin | 59% (negative) |
Guidance from management
Management reaffirmed guidance for 3% to 5% annual capacity growth through 2028, maintaining their focus on organic growth and operational stability.
What management said
Thank you. With this, we conclude our call today, and we appreciate your interest in Tabreed, and thanks again for joining the call. If you have any follow-up questions, we are available. You can reach out to IR team. And you may now disconnect the call. Thank you very much.
What analysts pressed on
Analysts expressed concerns regarding the modest capacity additions in Q1 and the potential impact of geopolitical factors on future growth. There were inquiries about the company's exposure to tourism and hospitality sectors, as well as the status of tariff negotiations related to higher costs.
Main topics on the call
- Revenue Growth — Tabreed's revenue increased by 4% year-over-year to $486 million, driven by fixed capacity charges and a 9% rise in consumption volumes. Management noted, "Revenue grew by 4% year-over-year to $486 million, driven by bot...
- EBITDA Stability — EBITDA reached $285 million with a margin of 59%, comfortably within guidance. This reflects the strength of the company's contracted revenue base despite a slight year-over-year margin decline from 61% to 59%. Managemen...
- Cash Flow Generation — Operating cash flow before working capital changes was $284 million, with net operating cash flow reaching AED 352 million, a 70% increase year-over-year. This underscores the company's strong cash-generative nature, as ...
- Capacity Growth Guidance — Management reaffirmed guidance for 3% to 5% annual capacity growth through 2028, despite modest capacity additions in Q1. They noted, "We remain confident in our medium-term outlook and reconfirm our guidance of 3% to 5%...
Read the full National Central Cooling Company PJSC transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About National Central Cooling Company PJSC
National Central Cooling Company PJSC (TABREED) is a publicly listed company in the Water Utilities industry, within the Utilities sector. It trades on DFM and is based in AE. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 25 calls on record spanning January 28, 2020 to May 15, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 25 National Central Cooling Company PJSC earnings call transcripts on record, spanning January 28, 2020 to May 15, 2026. Based on this history, National Central Cooling Company PJSC reports quarterly. The most recent call on file is dated May 15, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- TABREED
- Exchange
- DFM
- Country
- AE
- Sector
- Utilities
- Industry
- Water Utilities
- Calls on record
- 25
- First call
- January 28, 2020
- Most recent
- May 15, 2026
- Reporting cadence
- quarterly