Hydro One Limited (TSX:H)

Hydro One Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	643	549	716	79	530	540
Accounts Receivable	1,526	1,492	1,236	1,143	1,049	983
Inventory	31	31	29	35	25	22
Prepaid Expenses	141	92	94	51	62	55
Other Current Assets	15	10	42	46	194	226
Total Current Assets	2,356	2,174	2,117	1,354	1,860	1,826
Property, Plant & Equipment	32,499	31,497	29,148	26,923	25,133	23,899
Regulatory Assets	4,013	3,857	3,503	3,260	2,964	3,561
Goodwill	378	378	373	373	373	373
Other Intangible Assets	632	654	661	656	608	570
Long-Term Investments	252	302	46	43	35	22
Long-Term Deferred Tax Assets	139	135	127	119	114	118
Other Long-Term Assets	805	674	707	124	370	14
Total Assets	41,074	39,671	36,682	32,852	31,457	30,383

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	536	850	690	636	566	521
Accrued Expenses	1,121	1,154	985	831	828	777
Short-Term Debt	100	100	200	279	1,374	1,045
Current Portion of Long-Term Debt	426	929	1,154	700	733	611
Current Unearned Revenue	375	313	336	211	-	-
Current Portion of Leases	11	14	14	12	12	14
Other Current Liabilities	102	230	122	51	139	10
Total Current Liabilities	2,671	3,590	3,501	2,720	3,652	2,978
Long-Term Debt	19,503	18,092	16,332	14,712	13,030	13,017
Long-Term Leases	52	29	41	37	43	46
Pension & Post-Retirement Benefits	1,705	1,672	1,590	1,531	1,376	2,513
Long-Term Deferred Tax Liabilities	2,048	1,799	1,452	1,067	715	367
Other Long-Term Liabilities	1,977	1,743	1,593	1,020	1,249	486
Total Liabilities	27,956	26,925	24,509	21,087	20,065	19,407

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	5,728	5,721	5,713	5,706	5,699	5,688
Additional Paid-In Capital	22	25	28	30	34	38
Retained Earnings	7,260	6,911	6,360	5,947	5,562	5,174
Comprehensive Income & Other	-15	-9	-12	-3	11	-12
Total Common Equity	12,995	12,648	12,089	11,680	11,306	10,888
Minority Interest	123	98	84	85	86	88
Shareholders' Equity	13,118	12,746	12,173	11,765	11,392	10,976
Total Liabilities & Equity	41,074	39,671	36,682	32,852	31,457	30,383

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	20,092	19,164	17,741	15,740	15,192	14,733
Net Cash (Debt)	-19,449	-18,615	-17,025	-15,661	-14,662	-14,193
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-32.38	-30.99	-28.34	-26.08	-24.41	-23.64
Filing Date Shares Outstanding	600.1	599.78	599.44	599.08	598.71	598.33
Total Common Shares Outstanding	600.1	599.78	599.44	599.08	598.71	598.22
Working Capital	-315	-1,416	-1,384	-1,366	-1,792	-1,152
Book Value Per Share	21.65	21.09	20.17	19.50	18.88	18.20
Tangible Book Value	11,985	11,616	11,055	10,651	10,325	9,945
Tangible Book Value Per Share	19.97	19.37	18.44	17.78	17.25	16.62
Machinery	-	40,495	38,205	36,324	34,397	32,481
Construction In Progress	2,973	2,598	2,113	1,505	1,230	1,417

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 8, 2026

Data Sources Report a data error