ACWA Power Company announces Interim Financial Results for the Period Ending on 2026-06-30 (Six Months)

ACWA Power reported a 28.1% year-on-year decline in net profit for the first half of 2026, falling to SAR 653.2 million, largely due to higher performance liquidated damages and insurance income recognized in the previous year's comparative period alongside increased general and administrative expenses.
Total revenue for the six-month period increased by 8.6% to SAR 4.03 billion, supported by higher energy and operation and maintenance (O&M) service income and the sale of shared facilities, which offset a decline in development and construction services.
For the second quarter of 2026, net profit fell 36% year-on-year to SAR 308.4 million; while gross profit improved by 33%, the bottom line was pressured by operational outages in power, higher impairment expenses, and lower income contributions from equity-accounted investees.
Total shareholders' equity grew by 39.9% year-on-year to SAR 30.04 billion, supporting a portfolio that has expanded to SAR 474.8 billion (USD 126.6 billion) in assets under management with a total generation capacity of 98 GW.

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	2,012,114	1,747,464	15.144	2,022,303	-0.503
Gross Profit (Loss)	977,044	734,469	33.027	926,567	5.447
Operational Profit (Loss)	715,280	1,337,036	-46.502	728,844	-1.861
Net Profit (Loss) Attributable to Shareholders of the Issuer	308,418	481,826	-35.989	344,756	-10.54
Total Comprehensive Income Attributable to Shareholders of the Issuer	690,497	427,563	61.495	445,973	54.829
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	4,034,417	3,714,699	8.606
Gross Profit (Loss)	1,903,611	1,835,313	3.721
Operational Profit (Loss)	1,444,124	2,206,989	-34.565
Net Profit (Loss) Attributable to Shareholders of the Issuer	653,174	908,977	-28.141
Total Comprehensive Income Attributable to Shareholders of the Issuer	1,136,470	-445,347	-
Total Shareholders Equity (after Deducting Minority Equity)	30,042,922	21,472,378	39.914
Profit (Loss) per Share	0.85	1.23
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	Revenue increased compared to the same quarter of last year is mainly due to: • Higher energy revenue • Higher operation and maintenance services revenue Which are partially offset mainly by: • Lower Development, procurement and construction services revenue
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	Net profit decreased compared to the same quarter of last year is mainly due to: • Lower other operating income • Lower contribution from equity accounted investees • Higher general & administration expenses Which are partially offset mainly by: • Higher gross profit • Lower Impairment expenses
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	Revenue decreased marginally compared to the prior quarter is mainly due to: • Lower development, procurement and construction services revenue • Sale of shared facilities recognized in previous quarter Which are partially offset mainly by: • Higher energy revenue • Higher operation and maintenance services revenue
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	Net profit decreased compared to the prior quarter is mainly due to: • Lower development, procurement and construction services • Impact of operational outages in power • Higher impairment expenses Which are partially offset mainly by: • Lower income tax & zakat charge
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is	Revenue increased compared to the same period of last year is mainly due to: • Higher energy revenue • Higher operation and maintenance services revenue • Sale of shared facilities recognized in current period Which are partially offset mainly by: • Lower development, procurement and construction services
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	Net profit decreased compared to the same period of last year mainly due to: • Higher performance liquidated damages and insurance income recognized in same period of last year • Higher general and administration expenses • Lower contribution from equity accounted investees Which are partially offset mainly by: • Higher gross profit • Lower financial charges • Higher finance 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)	None
Reclassification of Comparison Items	Certain comparative figures have been reclassified to conform with the presentation adopted in the current period. The reclassification is summarized below: Reclassification of SAR 20.34 million from operating costs to general and administrative expenses.
Additional Information	A comprehensive Investor Report comprising the Company’s Interim condensed consolidated financial statements and the independent auditor’s review report for the period ended 30 June 2026, along with the CEO’s letter to shareholders and a management discussion and analysis of the financial results, is available on Acwa’s Investor Relations website at https://acwapower.com/en/investor-relations/overview/ . The company will hold an investor conference call on 06 August 2026 at 17:00 KSA time, (14:00 GMT) following the close of trading on Tadawul.
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