Tabreed gearing up for significant expansion, securing supply of energy efficient chillersCooling technology and lifecycle models aligned with region’s climate neutrality goalsAbu Dhabi, United Arab Emirates – 22 September 2025: As part of a joint commitment to advancing global best practices in district cooling, Tabreed, the world’s leading district cooling company, and Johnson Controls, the global leader for smart, healthy and sustainable buildings, have signed a framework agreement to accelerate the development and deployment of next-generation cooling technologies. Tabreed is working on multiple long-term projects, many of which will be covered by the agreement. The collaboration targets measurable gains in energy efficiency, reliability and total cost of ownership, while supporting regional climate neutrality strategies and corporate ESG priorities. It will focus on deploying next generation centrifugal chillers to enhance system efficiency and reduce climate impact, with performance analytics provided via Johnson Controls’ platforms for real-time optimisation and reduced downtime. The agreement was signed during a special ceremony hosted at Tabreed’s Abu Dhabi headquarters, by Tabreed’s Chief Executive Officer, Khalid Al Marzooqi, and Johnson Controls’ Vice President and President EMEA, Richard Lek.Following the ceremony, Al Marzooqi said: “Our company has entered a new, exciting chapter of unprecedented growth, which is aligned with our long-term strategy. We have multiple projects either in progress or planned for the near future, and this agreement helps both parties by securing supplies of essential equipment for large-scale infrastructure. By pairing Tabreed’s operational excellence with Johnson Controls’ advanced chiller technologies, we will bring tangible benefits to customers and communities alike through unrivalled energy efficiency and reliability.”Richard Lek added: “Collaboration with Tabreed allows us to demonstrate how proven technologies and data-driven services can raise the performance bar for district cooling – at scale. Together we’ll help better meet the demand for cooling in rapidly growing urbanisations while reducing power consumption and emissions, and improving quality of life.”This collaboration will be built on two main pillars. Firstly, advanced chiller technology, where Johnson Controls will provide a wide range of large-capacity chillers with variable-speed drives and modular systems for flexible loads, all engineered to reduce energy use and maintenance requirements while optimising space within Tabreed’s district cooling plants. Secondly, end-to-end lifecycle services will cover design and engineering support, commissioning and retro-commissioning, performance guarantees based on KPIs, upgrades and retrofits, and remote monitoring through network operations centres to extend asset life and reduce overall ownership costs.The framework aligns with global sustainability goals by prioritising energy-efficient, low-emission technologies, adopting refrigerants with a lower environmental impact, while applying circular-economy and resource-efficiency principles that connect plant-level improvements to wider policy decarbonisation outcomes.According to the IEA - International Energy Agency, operational energy used in buildings globally represents about 30% of final energy consumption. District cooling, which centralises cooling production and distribution, offers a more sustainable and cost effective solution than conventional air conditioning as it significantly reduces energy consumption, lowers peak power demand and minimises the environmental impact of cooling. 

First-ever interim dividend of 6.5 fils per share, representing AED 184.9 million, approved for H1 2025Revenue rose 3% year-on-year to AED 1.11 billion in H1 2025, the highest first-half in the company’s history, driven by higher cooling demand and capacity additions across key marketsTabreed adds a record 41.6k RT in H1 2025 – almost twice the capacity added in full-year 2024 – to reach 1.37 million RT with major contributions from the UAE and Saudi ArabiaPAL Cooling acquisition and Palm Jebel Ali concession, the two largest strategic deals in Tabreed’s history, expand total site capacity to ~2.6 million RT and reinforce long-term, capital-efficient growthAbu Dhabi, United Arab Emirates – 15 September 2025: National Central Cooling Company PJSC (DFM: TABREED / ISIN: AEA002201018), the world’s leading and most diversified district cooling company, today confirmed shareholder approval at its General Assembly for an interim dividend of 6.5 fils per share, representing AED 184.9 million, for the first half of 2025. This marks the first interim dividend in Tabreed’s 27-year history, reflecting the company’s record first-half performance, with revenue rising 3% year-on-year to AED 1.11 billion and net profit reaching AED 276 million, supported by strong cooling demand and significant capacity growth across key markets.Tabreed’s growth momentum continued in the first half of 2025, with total connected capacity reaching 1.37 million RT following a record 41.6k RT of new connections, almost double the capacity added in all of 2024. Strong contributions from the UAE and Saudi Arabia underline the company’s position as a truly cross-regional operator and set the stage for the next phase of growth. At the same time, Tabreed advanced its long-term strategy with two landmark developments, the PAL Cooling acquisition and the Palm Jebel Ali concession. Together, these transactions represent the largest in the company’s history, expanding total site capacity to approximately 2.6 million RT and strengthening the foundation for capital-efficient growth, recurring cash flows, and a platform capable of delivering sustained value well beyond 2025.Commenting on the milestone dividend, Dr. Bakheet Al Katheeri, Tabreed’s Chairman, said: “Tabreed continues to build on its strong foundations, combining record first-half results with strategic milestones that reinforce the scalability of our platform. The approval of the company’s first-ever interim dividend reflects this strength and our commitment to shareholders, underlining the confidence we have in delivering sustainable long-term value. With capacity growth across the UAE and Saudi Arabia, alongside landmark transactions such as the PAL Cooling acquisition and Palm Jebel Ali concession, Tabreed is well positioned to pursue its growth agenda while maintaining capital discipline and a clear focus on shareholder returns.”Robust free cash flow and disciplined capital allocation supported both growth investment and shareholder returns in the first half of 2025. The successful issuance of a USD 700 million Green Sukuk, under the company’s Green Finance Framework, strengthened the balance sheet and enhanced liquidity, underpinned by investment-grade credit ratings from Moody’s and Fitch. At the same time, Tabreed is embedding sustainability across its operations, from deploying renewable energy at select plants to piloting low carbon cooling solutions, reinforcing its role as a long-term partner in the region’s energy transition.Key DatesGeneral Assembly approval: 15 September 2025Last entitlement date (last day to purchase): 23 September 2025Ex-dividend date: 24 September 2025Record date: 25 September 2025Dividend payment: On or before 15 October 2025                                                                                                     - ENDS -

Supplying 5,300 RT to 93 floors of premium residential, retail and business spaceAbu Dhabi, United Arab Emirates – 11 September 2025: Tabreed, the world’s leading district cooling company, is pleased to announce a significant new connection to one of its networks in Dubai: The93-storey City Tower 1, a development by H&H, now being supplied with 5,300 Refrigeration Tons (RT) of sustainable cooling from Tabreed’s existing DC plant in the Al Satwa district.Standing at 362.8 metres, opposite the iconic Emirates Towers and the Museum of the Future on Sheik Zayed Road, City Tower 1 features 695 residences ranging from studio to 4-bedroom apartments, four floors of office space, two retail spaces, a gym, an indoor play area for children, an outdoor playground, pools for adults and children, a mini soccer field and two padel courts.Khalid Al Marzooqi, Chief Executive Officer of Tabreed, said: “Tabreed is proud to contribute to the development of the UAE’s most iconic real estate projects by delivering sustainable, reliable solutions that support national growth and energy efficiency objectives. Connecting City Tower 1 to one of our pre-existing networks clearly demonstrates our commitment to Dubai’s continued progress. “Our presence in the city is unmistakable, with Tabreed’s Downtown Dubai network supplying Burj Khalifa, Dubai Mall, Dubai Opera and many other landmark developments with sustainable cooling. Tabreed is a force for good in the UAE and continues to play an essential role in enabling the region’s urban transformation while creating lasting value for developers, investors and communities alike.”Miltos Bosinis, Chief Executive Officer, H&H, added: “City Tower 1 is a landmark addition to the Sheikh Zayed Road skyline and a reflection of H&H’s ambition to redefine Dubai’s urban landscape. With this development, we are introducing a new standard of living that combines our signature quality with a level of service designed for today’s discerning tenants. City Tower 1 speaks directly to the future of the city; innovative, connected and uncompromising in excellence.To ensure comfort and efficiency, H&H partnered with Tabreed, the UAE’s leading district cooling provider, to install a state-of-the-art cooling system. This collaboration highlights H&H’s commitment to building elite destinations supported by innovative infrastructure solutions.”This latest milestone follows a period of record growth for Tabreed, with 2025 seeing two of the biggest deals in its 27-year history. In June, Tabreed announced the acquisition of PAL Cooling Holding in partnership with CVC DIF, adding more than 182,000 Refrigeration Tons (RT) of connected capacity across Abu Dhabi and securing a long-term growth pipeline of up to 600,000 RT. In May 2025, Tabreed also secured an exclusive 250,000 RT concession at Palm Jebel Ali, in partnership with Dubai Holding Investments, further cementing its position as a critical infrastructure partner for the region’s most ambitious developments.

Revenue rises 3% year-on-year to AED 1.11 billion, driven by higher cooling demand and significant capacity additions across key marketsNet profit rises 2.5% year-on-year to AED 276 million, supported by continued business growth and robust EBITDA marginsBoard proposes first-ever interim dividend of 6.5 fils per share for H1 2025Tabreed adds a record 41.6k RT in H1 2025 – almost twice the capacity added in full-year 2024 – to reach 1.37 million RT with major contributions from the UAE and Saudi ArabiaPAL Cooling acquisition set to add 182k+ RT, securing long-term growth pipeline of up to 600k RT across Abu DhabiRefinancing strengthens financial position; robust free cash flow enables investment in growth, improves leverage and supports dividend payoutAbu Dhabi, United Arab Emirates – 8 August 2025: National Central Cooling Company PJSC (DFM: TABREED / ISIN: AEA002201018), the world’s leading and most diversified district cooling company, today announced the results for the six-month period ended 30 June 2025, reporting revenues of AED 1.11 billion and a net profit of AED 276 million. The results reflect strategic momentum across Tabreed’s platform, with improved margins, cost discipline and sustained demand, laying the foundation for continued growth.Group revenue rose to AED 1.11 billion in H1 2025, marking a 3% year-on-year increase driven by higher cooling demand and significant capacity additions across key markets. Consumption volumes grew 3% year-on-year in H1 2025 and accelerated to 8% year-on-year in Q2 2025, reflecting both seasonal uplift and growing utilisation across Tabreed’s network. Net profit for the first half rose to AED 276 million, a 2.5% increase compared to the first half of 2024. The uplift reflects continued scale benefits and disciplined cost control, alongside margin expansion as EBITDA rose 5% to AED 632 million, with margins improving to 57%.Reflecting its strong financial position and continued cash generation, Tabreed’s Board of Directors proposed an interim dividend of 6.5 fils per share for the first half of 2025, or 67% payout based on H1 2025 net profit. This marks the first interim dividend in the company’s history and reflects the Board’s confidence in Tabreed’s performance, outlook and ability to deliver sustainable long-term value. The payment of dividend remains subject to shareholders approval at the General Assembly Meeting expected to be convened in September 2025. Total connected capacity reached 1.37 million Refrigeration Tons (RT), with 41.6k RT of record high organic capacity added during the period, nearly double the full-year total in 2024. This growth was led by 18k RT of new connections in the UAE and 23.6k RT across regional markets, reinforcing Tabreed’s position as a cross-regional operator.Following a period of strong operational growth, Tabreed advanced its strategic agenda in June with the announcement that, in a 50:50 joint venture with CVC DIF, the company is to acquire PAL Cooling Holding from Multiply Group. The deal, which remains subject to customary regulatory approvals, is set to add more than 182k RT, increase pro forma connected capacity to 1.55 million RT (+13%) and includes eight concessions with total planned capacity of up to 600k RT. The deal would also expand Tabreed’s long-term concession base and customer network, including a new relationship with Modon, and contribute to a secured future capacity pipeline of more than one million RT, equivalent to 80% of current connected capacity.Complementing this landmark development, Tabreed’s portfolio continued to grow, with the commissioning of three new greenfield plants during the first half – in local and regional markets, with a combined capacity of 28.6k RT. Developed to meet rising demand in fast-growing urban and industrial hubs, these new facilities reinforce Tabreed’s ability to scale operationally while deepening its presence in both core and international markets.Progress also continued on the company’s largest-ever greenfield project at Palm Jebel Ali, a 250k RT exclusive concession secured in partnership with Dubai Holding Investments. Together, the PAL Cooling acquisition and Palm Jebel Ali concession represent the two biggest strategic deals in Tabreed’s history, expanding the company’s total site capacity to approximately 2.6 million RT and reinforcing its platform for long-term, capital-efficient growth and cash flow visibility. With a strong pipeline, long-term concessions and expanding geographical reach, Tabreed remains well positioned to deliver sustained growth through the remainder of 2025 and beyond.Commenting on the results, Dr. Bakheet Al Katheeri, Tabreed’s Chairman, said: “Tabreed continues to demonstrate the strength and scalability of its platform, delivering solid financial results while advancing its long-term growth agenda. The record capacity additions in H1 2025, following landmark transactions, including the Palm Jebel Ali development and strategic acquisition of PAL Cooling, reinforce our position as a cross-regional operator and infrastructure partner with a clear mandate for value creation. As a Board, we remain focused on capital discipline and sustainable returns, and this balance between growth and value creation is reflected in our decision to propose Tabreed’s first-ever interim dividend.”Tabreed also made significant progress on its refinancing during the first half, strengthening its balance sheet and enhancing financial flexibility. In Q1, the company issued a USD 700 million Green Sukuk under its Green Finance Framework, successfully refinancing near-term maturities at a competitive profit rate and improving its liquidity profile. Tabreed has a robust financial position, underscored by investment grade credit ratings from both Moody’s and Fitch. Free cash flows reached AED 973 million over the past 12 months, translating to a 11.5% yield, supported by strong collections, margin stability and disciplined capital allocation. As a result, net debt to EBITDA improved to 3.7x, down from 4.2x a year earlier.Commenting on the company’s performance, Khalid Al Marzooqi, Tabreed’s Chief Executive Officer, said: “The signing of the PAL Cooling acquisition represents a defining milestone, not just for Tabreed’s footprint in Abu Dhabi, but for our long-term evolution as a critical infrastructure partner to cities, industries and digital ecosystems across the region. Tabreed today is more than a utility, we’re building a high-performing, future-ready platform that delivers recurring value, with sustainability, efficiency and scale at its core. With visibility over a planned total capacity of approximately 2.6 million RT, we’re focused on capital efficiency, operational excellence and preparing the business to lead in new markets and sectors where district cooling plays an essential role.”Tabreed’s commitment to sustainability also advanced during the first half, reinforcing its role as a long-term partner in the region’s energy transition. As part of its Green Finance Framework, the company continued integrating renewable energy into its operations, including the installation of solar farms at two plants in collaboration with the UAE Ministry of Defence. Tabreed also played an active role in the World Utilities Congress, Abu Dhabi’s flagship utilities event, contributing to conversations around low-carbon infrastructure and emerging technologies such as geothermal cooling, in line with its ambition to enhance energy efficiency, reduce emissions, and support national decarbonisation goals.-ENDS-