Financial Results : ACWA Power profit jumps 44% to SAR 427.2M in Q1 2025

ACWA Power profit jumps 44% to SAR 427.2M in Q1 2025

08/05/2025 Argaam Exclusive

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ACWA Power Co. posted a net profit of SAR 427.2 million in Q1 2025, a 44% increase from SAR 296.2 million a year earlier.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 1,251.76 1,967.24 57.2 %
Gross Income 620.55 1,100.84 77.4 %
Operating Income 249.92 676.39 170.6 %
Net Income 296.17 427.15 44.2 %
Average Shares 738.44 738.44 -
Earnings Per Share before unusual items (Riyal) 0.07 0.71 942.4 %
EPS (Riyal) 0.40 0.58 44.2 %

The positive performance in Q1 2025 was driven by higher topline, supported by development and construction management services revenue, operation and maintenance earnings and revenue from the sale of electricity.

 

The company also realized higher gross profit and reported an increase in other operating income before impairment loss and other expenses.

 

During the period, ACWA Power saw lower impairment expenses and higher deferred tax credit. This was partially offset by higher development cost, general & administration expenses and financial charges, as well as lower other income.

 

Sequentially, net profit fell 14.9% from SAR 502.17 million in Q4 2024, on higher financial charges, along with lower other operating income and deferred tax credit.

 

Shareholders’ equity, excluding minority interest, stood at SAR 20.99 billion as of March 31, 2025, compared to SAR 20.71 billion a year earlier.

 

Attached Documents

 

 

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