ACWA Power Company Income Statement

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

Millions SAR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	7,469	7,414	6,297	6,095	5,276	5,235
Revenue Growth (YoY)	6.50%	17.72%	3.32%	15.53%	0.77%	8.41%
Operations & Maintenance	5.76	5.76	2.36	2.49	2.31	4.93
Selling, General & Admin	1,797	1,774	1,748	1,234	1,027	919.94
Other Operating Expenses	3,259	3,039	2,906	2,422	2,129	2,346
Total Operating Expenses	5,062	4,820	4,656	3,658	3,159	3,551
Operating Income	2,406	2,594	1,641	2,437	2,117	1,685
Interest Expense	-1,745	-1,742	-1,270	-1,423	-1,150	-1,004
Interest Income	677.9	635.05	517.01	441.48	259.15	17.58
Net Interest Expense	-1,067	-1,107	-753.32	-981.41	-891.16	-986.34
Income (Loss) on Equity Investments	476.34	454.78	694.16	241.67	294.44	321.69
Currency Exchange Gain (Loss)	53.47	82.71	-0.56	2.77	-36.93	-46.92
Other Non-Operating Income (Expenses)	410.88	309.48	-21.67	33.37	84.56	-38.86
EBT Excluding Unusual Items	2,280	2,334	1,560	1,733	1,568	934.15
Impairment of Goodwill	-	-	-	-	-	-60.02
Gain (Loss) on Sale of Investments	-	-	401.7	-	-	-
Gain (Loss) on Sale of Assets	42.19	42.19	10.17	-	-	-7.75
Asset Writedown	-396.98	-404.39	91.07	-	-121.6	-
Insurance Settlements	264.52	246	-	82.1	43.9	21.97
Legal Settlements	-	-	-16	10.2	-111.53	-
Other Unusual Items	-	-	-	6.75	113.2	-
Pretax Income	2,190	2,218	2,047	1,832	1,492	888.34
Income Tax Expense	231.34	157.52	58.96	53.73	232.84	80.11
Earnings From Continuing Ops.	1,958	2,061	1,988	1,778	1,259	808.23
Earnings From Discontinued Ops.	-	-	-	-7.05	217.1	-64.33
Net Income to Company	1,958	2,061	1,988	1,771	1,476	743.91
Minority Interest in Earnings	-188.59	-208.38	-230.78	-109.62	63.63	14.89
Net Income	1,770	1,852	1,757	1,662	1,540	758.8
Net Income to Common	1,770	1,852	1,757	1,662	1,540	758.8
Net Income Growth	-6.26%	5.42%	5.74%	7.90%	102.96%	-14.02%
Shares Outstanding (Basic)	758	750	732	733	733	666
Shares Outstanding (Diluted)	759	750	733	733	733	666
Shares Change (YoY)	3.61%	2.43%	-	-	9.99%	2.93%
EPS (Basic)	2.33	2.47	2.40	2.27	2.10	1.14
EPS (Diluted)	2.33	2.47	2.40	2.27	2.10	1.14
EPS Growth	-9.19%	2.98%	5.74%	7.90%	84.52%	-16.47%
Free Cash Flow	-301.05	113.52	-805.81	-337.11	1,348	1,149
Free Cash Flow Per Share	-0.40	0.15	-1.10	-0.46	1.84	1.73
Dividend Per Share	-	-	-	0.449	0.828	0.768
Dividend Growth	-	-	-	-45.78%	7.78%	-
Profit Margin	23.70%	24.98%	27.90%	27.26%	29.19%	14.49%
Free Cash Flow Margin	-4.03%	1.53%	-12.80%	-5.53%	25.56%	21.95%
EBITDA	3,010	3,181	2,143	2,881	2,570	2,290
EBITDA Margin	40.30%	42.91%	34.02%	47.27%	48.71%	43.74%
D&A For EBITDA	603.14	587.42	501.28	444.77	452.85	605.16
EBIT	2,406	2,594	1,641	2,437	2,117	1,685
EBIT Margin	32.22%	34.99%	26.06%	39.98%	40.13%	32.18%
Effective Tax Rate	10.56%	7.10%	2.88%	2.93%	15.60%	9.02%

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