TAQA Arabia S.A.E. (TAQA) Earnings Call Transcripts

TAQA Arabia S.A.E.'s Latest Earnings Call - Q1 FY2026

In Q1 2026, TAQA Arabia reported revenues of AED 13.7 billion, reflecting a 3% year-on-year decline, primarily due to lower oil and gas revenues. However, EBITDA increased by 5% to AED 5.5 billion, supported by growth in regulated utilities. The company maintained net income at AED 2.1 billion and proposed an interim dividend of 80 fils per share, up from 75 fils in Q1 2025. Management highlighted a strong commitment to growth with a 45% increase in CapEx to AED 3.2 billion, signaling ongoing investment in strategic projects and infrastructure development.

Reported metrics

Guidance from management

TAQA maintained its commitment to growth with a focus on regulated activities, which are expected to continue driving revenue stability. The updated dividend policy reflects a disciplined approach to delivering shareholder value while pursuing long-term growth ambitions.

What management said

Hello, everyone. Welcome to TAQA's Q1 earnings call. My name is Asjad Yahya, and I head Investor Relations at TAQA. I am joined today by our Group CFO, Adrian Kershaw; and the CFO of TAQA Transmission, Stefano Lagna. Please note that this session is being recorded, and by participating, you consent to the recording. This presentation will follow our usual format. Adrian, Stefano and I will walk you through our prep...

So essentially, we have a RAB base that we have paid a WACC of 4.9% on and annual inflation is applied to that. It's covered through the regulatory controls that's, in detail, published in the DOE website, but it's what ensures the consistency of earnings.

What analysts pressed on

Analysts expressed concerns regarding the impact of lower oil and gas revenues on overall profitability and the sustainability of the dividend amidst increased capital expenditures. There were also questions about the regulatory environment and its implications for future earnings.

Main topics on the call

• Revenue Decline — TAQA's Q1 2026 revenues decreased by 3% year-on-year to AED 13.7 billion, driven by lower revenues in oil and gas and generation segments. Management stated, "The decline was driven mainly by lower revenues in oil and ga...
• EBITDA Growth — Despite revenue declines, EBITDA grew by 5% to AED 5.5 billion, reflecting the stability of regulated utilities. Adrian Kershaw noted, "This increase reflects the stable earnings profile of our regulated utilities and in...
• Increased Capital Expenditure — CapEx surged 45% year-on-year to AED 3.2 billion, indicating a strong commitment to strategic growth initiatives. Kershaw emphasized, "This reflects our continued commitment to strategic growth."
• Dividend Policy Update — TAQA proposed an interim fixed dividend of 80 fils per share for Q1 2026, up from 75 fils in Q1 2025, aligning with the new '26-'28 dividend policy. The updated policy aims to deliver attractive returns while supporting ...

Read the full TAQA Arabia S.A.E. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 22 TAQA Arabia S.A.E. earnings call transcripts on record, spanning February 15, 2021 to May 15, 2026. Based on this history, TAQA Arabia S.A.E. 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

TAQA

Exchange

CASE

Country

EG

Sector

Utilities

Industry

Multi-Utilities

Calls on record

22

First call

February 15, 2021

Most recent

May 15, 2026

Reporting cadence

quarterly