ACWA Power Co. reported a 2% decrease in H1 2025 net profit to SAR 909 million, from SAR 926.8 million in the year-earlier period.
Item | 6m 2024 | 6m 2025 | Change |
---|---|---|---|
Revenues | 2,814.33 | 3,714.70 | 32.0 % |
Gross Income | 1,457.46 | 1,814.98 | 24.5 % |
Operating Income | 608.40 | 1,039.17 | 70.8 % |
Net Income | 926.79 | 908.98 | (1.9 %) |
Average Shares | 738.44 | 738.44 | - |
Earnings Per Share before unusual items (Riyals) | 0.38 | 1.02 | 168.5 % |
EPS (Riyal) | 1.26 | 1.23 | (1.9 %) |
The profit decline was due to recognizing a divestment gain in the same period last year, lower other income, higher impairment losses, and increased finance charges.
These factors were partially offset by higher other operating income and a greater share in the net results of equity-accounted investees, besides net Zakat and income tax.
Item | Q2 2024 | Q2 2025 | Change |
---|---|---|---|
Revenues | 1,562.57 | 1,747.46 | 11.8 % |
Gross Income | 836.91 | 714.13 | (14.7 %) |
Operating Income | 358.64 | 362.78 | 1.2 % |
Net Income | 630.62 | 481.83 | (23.6 %) |
Average Shares | 738.44 | 738.44 | - |
Earnings Per Share before unusual items (Riyal) | 0.31 | 0.30 | (1.8 %) |
EPS (Riyal) | 0.85 | 0.65 | (23.6 %) |
Item | Q1 2025 | Q2 2025 | Change |
---|---|---|---|
Revenues | 1,967.24 | 1,747.46 | (11.2 %) |
Gross Income | 1,100.84 | 714.13 | (35.1 %) |
Operating Income | 676.39 | 362.78 | (46.4 %) |
Net Income | 427.15 | 481.83 | 12.8 % |
Average Shares | 738.44 | 738.44 | - |
Earnings Per Share before unusual items (Riyal) | 0.71 | 0.30 | (57.2 %) |
EPS (Riyal) | 0.58 | 0.65 | 12.8 % |
The company’s net profit fell 23.6% in Q2 2025 to SAR 481.8 million from SAR 630.6 million in Q2 2024.
On a quarterly basis, net earnings grew 12.8% from SAR 427.15 million in Q1 2025.
Total shareholders’ equity, excluding minority interest, stood at SAR 21.47 billion as of June 30, 2025, compared to SAR 20.61 billion in the prior-year period.
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