ACWA POWER Co. announces its Interim Financial results for the Period Ending on 2025-03-31 ( Three Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 1,967,235 | 1,251,757 | 57.157 | 1,735,533 | 13.35 |
| Gross Profit (Loss) | 1,100,844 | 620,553 | 77.397 | 873,342 | 26.049 |
| Operational Profit (Loss) | 869,954 | 401,158 | 116.86 | 617,856 | 40.802 |
| Net profit (Loss) | 427,152 | 296,171 | 44.224 | 502,167 | -14.938 |
| Total Comprehensive Income | -872,908 | 1,592,546 | - | 3,334,748 | - |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 20,994,040 | 20,719,779 | 1.323 |
| Profit (Loss) per Share | 0.58 | 0.41 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | The increase in the consolidated revenue during the current quarter compared to the same quarter of last year is mainly due to: • (1) Higher development and construction management services revenue • (2) Higher operation and maintenance revenue • (3) Higher revenue from sale of electricity |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Increase in net profit attributable to equity holders of the parent during the current quarter compared to the same quarter of the last year is mainly due to: • (1) Higher gross profit on account of higher revenue • (2) Higher other operating income before impairment loss and other expenses • (3) Lower impairment expenses • (4) Higher deferred tax credit Which are partially offset mainly by: • (1) Higher development cost • (2) Higher general & administration expenses • (3) Higher financial charges • (4) Lower other income |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Increase in the consolidated revenue during the current quarter compared to the previous quarter is mainly due to: • (1) Higher development and construction management services revenue • (2) Higher revenue from sale of electricity |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Decrease in net profit attributable to equity holders of the parent during the current quarter compared to the previous quarter is mainly due to: • (1) Impairment recovery recognized in previous quarter • (2) Higher financial charges • (3) Lower other operating income • (4) Lower deferred tax credit Which are partially offset mainly by: • (1) Higher gross profit on account of higher revenue • (2) Lower general & administration expenses • (3) Higher other income |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | Not applicable |
| Reclassification of Comparison Items | None |
| Additional Information | A comprehensive Investor Report comprising the Company’s Interim condensed consolidated financial statements and the independent auditor’s review report for the three-month period ended 31 March 2025, along with the CEO’s letter to shareholders and a management discussion and analysis of the financial results, is available on ACWA’s Power’s Investor Relations website at https://acwapower.com/en/investor-relations/overview/. The company will hold an investor conference call on 8 May 2025 at 17:30 KSA time, (14:30 GMT) following the close of trading on Tadawul. |
| Attached Documents |  |
Attachments
901_23875_2362_2025-05-08_02-20-35_en.pdf538_23875_2362_2025-05-08_02-20-39_en.pdf
