Hydro One Limited (FRA:8H1)

Hydro One Income Statement

Financials in millions CAD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	8,826	8,444	7,796	7,737	7,183	7,247
Other Revenue	42	40	48	43	42	43
Revenue	8,868	8,484	7,844	7,780	7,225	7,290
Revenue Growth (YoY)	5.97%	8.16%	0.82%	7.68%	-0.89%	12.50%
Fuel & Purchased Power	4,259	4,143	3,652	3,724	3,579	3,854
Operations & Maintenance	1,321	1,308	1,354	1,258	1,112	882
Depreciation & Amortization	1,110	1,066	996	966	922	884
Total Operating Expenses	6,690	6,517	6,002	5,948	5,613	5,620
Operating Income	2,178	1,967	1,842	1,832	1,612	1,670
Interest Expense	-663	-627	-566	-474	-463	-466
Interest Income	18	24	12	7	3	5
Net Interest Expense	-645	-603	-554	-467	-460	-461
Other Non-Operating Income (Expenses)	-17	-18	-16	-19	-1	-10
EBT Excluding Unusual Items	1,522	1,346	1,272	1,346	1,151	1,199
Total Merger & Restructuring Charges	-	-	-	-	-	-138
Other Unusual Items	-	-	-	-	-	-50
Pretax Income	1,522	1,346	1,272	1,346	1,151	1,011
Income Tax Expense	206	181	178	288	178	-785
Earnings From Continuing Ops.	1,316	1,165	1,094	1,058	973	1,796
Minority Interest in Earnings	-10	-9	-9	-8	-8	-8
Net Income	1,306	1,156	1,085	1,050	965	1,788
Preferred Dividends & Other Adjustments	-	-	-	-	-	18
Net Income to Common	1,306	1,156	1,085	1,050	965	1,770
Net Income Growth	14.86%	6.54%	3.33%	8.81%	-46.03%	124.62%
Shares Outstanding (Basic)	600	599	599	599	598	597
Shares Outstanding (Diluted)	601	601	601	601	600	600
Shares Change (YoY)	0.02%	0.02%	-0.01%	0.04%	0.07%	0.18%
EPS (Basic)	2.18	1.93	1.81	1.75	1.61	2.96
EPS (Diluted)	2.17	1.92	1.81	1.75	1.61	2.95
EPS Growth	14.81%	6.08%	3.43%	8.70%	-45.42%	126.92%
Free Cash Flow	-610	-509	-146	266	221	312
Free Cash Flow Per Share	-1.01	-0.85	-0.24	0.44	0.37	0.52
Dividend Per Share	1.289	1.239	1.169	1.105	1.050	1.000
Dividend Growth	4.93%	6.01%	5.76%	5.25%	5.00%	4.17%
Profit Margin	14.73%	13.63%	13.83%	13.50%	13.36%	24.28%
Free Cash Flow Margin	-6.88%	-6.00%	-1.86%	3.42%	3.06%	4.28%
EBITDA	3,129	2,876	2,694	2,630	2,397	2,430
EBITDA Margin	35.28%	33.90%	34.34%	33.80%	33.18%	33.33%
D&A For EBITDA	951	909	852	798	785	760
EBIT	2,178	1,967	1,842	1,832	1,612	1,670
EBIT Margin	24.56%	23.18%	23.48%	23.55%	22.31%	22.91%
Effective Tax Rate	13.54%	13.45%	13.99%	21.40%	15.47%	-
Revenue as Reported	8,868	8,484	7,844	7,780	7,225	7,290

Source: S&P Global Market Intelligence. Utility template. Financial Sources.