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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 |  |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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