ACWA

ACWA Power

2082StocksTadawulUtilities

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	7.41B	6.30B	6.10B	5.28B	5.24B
Operating Income	2.59B	1.64B	2.44B	2.12B	1.68B
Interest Income	635.05M	517.01M	441.48M	259.15M	17.58M
Interest Expense	-1.74B	-1.27B	-1.42B	-1.15B	-1.00B
Pretax Income	2.22B	2.05B	1.83B	1.49B	0.89B
Income Tax	157.52M	58.96M	53.73M	232.84M	80.11M
Net Income	1.85B	1.76B	1.66B	1.54B	0.76B
EBITDA	3.18B	2.14B	2.88B	2.57B	2.29B
Operations & Maintenance	5.76M	2.36M	2.49M	2.31M	4.93M
Utility Operating Expenses	4.82B	4.66B	3.66B	3.16B	3.55B
EPS (Basic)	2.47	2.40	2.27	2.10	1.14
EPS (Diluted)	2.47	2.40	2.27	2.10	1.14
DPS	—	—	0.45	0.83	0.77
Margins & Efficiency
EBITDA Margin %	+42.9%	+34.0%	+47.3%	+48.7%	+43.7%
Net Margin %	+25.0%	+27.9%	+27.3%	+29.2%	+14.5%
Revenue & Income
Revenue	7.41B	6.30B	6.10B	5.28B	5.24B
Revenue Growth (YoY)	+17.7%	+3.3%	+15.5%	+0.8%	+8.4%
Interest Income	635.05M	517.01M	441.48M	259.15M	17.58M
Income (Loss) on Equity Investments	454.78M	694.16M	241.67M	294.44M	321.69M
Gain (Loss) on Sale of Assets	42.19M	10.17M	—	—	-7.75M
Gain (Loss) on Sale of Investments	—	401.70M	—	—	—
Currency Exchange Gain (Loss)	82.71M	-0.56M	2.77M	-36.93M	-46.92M
Expenses & Provisions
Selling, General & Admin	1.77B	1.75B	1.23B	1.03B	0.92B
Total Operating Expenses	4.82B	4.66B	3.66B	3.16B	3.55B
Interest Expense	-1.74B	-1.27B	-1.42B	-1.15B	-1.00B
Other Non-Operating Income (Expenses)	309.48M	-21.67M	33.37M	84.56M	-38.86M
Operations & Maintenance	5.76M	2.36M	2.49M	2.31M	4.93M
Legal Settlements	—	-16.00M	10.20M	-111.53M	—
Asset Writedown	-404.39M	91.07M	—	-121.60M	—
Impairment of Goodwill	—	—	—	—	-60.02M
D&A For EBITDA	587.42M	501.28M	444.77M	452.85M	605.16M
Profitability & Returns
EBIT	2.59B	1.64B	2.44B	2.12B	1.68B
EBIT Margin	+35.0%	+26.1%	+40.0%	+40.1%	+32.2%
EBITDA	3.18B	2.14B	2.88B	2.57B	2.29B
EBITDA Margin	+42.9%	+34.0%	+47.3%	+48.7%	+43.7%
EBT Excluding Unusual Items	2.33B	1.56B	1.73B	1.57B	0.93B
Pretax Income	2.22B	2.05B	1.83B	1.49B	0.89B
Operating Income	2.59B	1.64B	2.44B	2.12B	1.68B
Profit Margin	+25.0%	+27.9%	+27.3%	+29.2%	+14.5%
Net Income	1.85B	1.76B	1.66B	1.54B	0.76B
Net Income to Common	1.85B	1.76B	1.66B	1.54B	0.76B
Net Income to Company	2.06B	1.99B	1.77B	1.48B	0.74B
Net Income Growth	+5.4%	+5.7%	+7.9%	+103.0%	-14.0%
Earnings From Continuing Ops.	2.06B	1.99B	1.78B	1.26B	0.81B
Earnings From Discontinued Ops.	—	—	-7.05M	217.10M	-64.33M
Minority Interest in Earnings	-208.38M	-230.78M	-109.62M	63.63M	14.89M
Income Tax Expense	157.52M	58.96M	53.73M	232.84M	80.11M
Effective Tax Rate	+7.1%	+2.9%	+2.9%	+15.6%	+9.0%
Net Interest Expense	-1.11B	-0.75B	-0.98B	-0.89B	-0.99B
Per Share & Capital
EPS (Basic)	2.47	2.40	2.27	2.10	1.14
EPS (Diluted)	2.47	2.40	2.27	2.10	1.14
EPS Growth	+3.0%	+5.7%	+7.9%	+84.5%	-16.5%
Dividend Per Share	—	—	0.45	0.83	0.77
Shares Change (YoY)	0.02	—	0	0.1	0.03
Shares Outstanding (Basic)	749.51M	732.30M	732.56M	732.56M	666.03M
Shares Outstanding (Diluted)	750.37M	732.56M	732.56M	732.56M	666.03M
Dividend Growth	—	—	-45.8%	+7.8%	—
Free Cash Flow	0.11B	-0.81B	-0.34B	1.35B	1.15B
Free Cash Flow Margin	+1.5%	-12.8%	-5.5%	+25.6%	+22.0%
Free Cash Flow Per Share	0.15	-1.10	-0.46	1.84	1.73
Payout Ratio	—	+18.7%	+36.5%	+40.6%	+119.4%
Supplemental
Insurance Settlements	246.00M	—	82.10M	43.90M	21.97M
Other Operating Expenses	3.04B	2.91B	2.42B	2.13B	2.35B
Other Unusual Items	—	—	6.75M	113.20M	—

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	7.41B	6.30B	6.10B	5.28B	5.24B
Operating Income	2.59B	1.64B	2.44B	2.12B	1.68B
Interest Income	635.05M	517.01M	441.48M	259.15M	17.58M
Interest Expense	-1.74B	-1.27B	-1.42B	-1.15B	-1.00B
Pretax Income	2.22B	2.05B	1.83B	1.49B	0.89B
Income Tax	157.52M	58.96M	53.73M	232.84M	80.11M
Net Income	1.85B	1.76B	1.66B	1.54B	0.76B
EBITDA	3.18B	2.14B	2.88B	2.57B	2.29B
Operations & Maintenance	5.76M	2.36M	2.49M	2.31M	4.93M
Utility Operating Expenses	4.82B	4.66B	3.66B	3.16B	3.55B
EPS (Basic)	2.47	2.40	2.27	2.10	1.14
EPS (Diluted)	2.47	2.40	2.27	2.10	1.14
DPS	—	—	0.45	0.83	0.77
Margins & Efficiency
EBITDA Margin %	+42.9%	+34.0%	+47.3%	+48.7%	+43.7%
Net Margin %	+25.0%	+27.9%	+27.3%	+29.2%	+14.5%
Revenue & Income
Revenue	7.41B	6.30B	6.10B	5.28B	5.24B
Revenue Growth (YoY)	+17.7%	+3.3%	+15.5%	+0.8%	+8.4%
Interest Income	635.05M	517.01M	441.48M	259.15M	17.58M
Income (Loss) on Equity Investments	454.78M	694.16M	241.67M	294.44M	321.69M
Gain (Loss) on Sale of Assets	42.19M	10.17M	—	—	-7.75M
Gain (Loss) on Sale of Investments	—	401.70M	—	—	—
Currency Exchange Gain (Loss)	82.71M	-0.56M	2.77M	-36.93M	-46.92M
Expenses & Provisions
Selling, General & Admin	1.77B	1.75B	1.23B	1.03B	0.92B
Total Operating Expenses	4.82B	4.66B	3.66B	3.16B	3.55B
Interest Expense	-1.74B	-1.27B	-1.42B	-1.15B	-1.00B
Other Non-Operating Income (Expenses)	309.48M	-21.67M	33.37M	84.56M	-38.86M
Operations & Maintenance	5.76M	2.36M	2.49M	2.31M	4.93M
Legal Settlements	—	-16.00M	10.20M	-111.53M	—
Asset Writedown	-404.39M	91.07M	—	-121.60M	—
Impairment of Goodwill	—	—	—	—	-60.02M
D&A For EBITDA	587.42M	501.28M	444.77M	452.85M	605.16M
Profitability & Returns
EBIT	2.59B	1.64B	2.44B	2.12B	1.68B
EBIT Margin	+35.0%	+26.1%	+40.0%	+40.1%	+32.2%
EBITDA	3.18B	2.14B	2.88B	2.57B	2.29B
EBITDA Margin	+42.9%	+34.0%	+47.3%	+48.7%	+43.7%
EBT Excluding Unusual Items	2.33B	1.56B	1.73B	1.57B	0.93B
Pretax Income	2.22B	2.05B	1.83B	1.49B	0.89B
Operating Income	2.59B	1.64B	2.44B	2.12B	1.68B
Profit Margin	+25.0%	+27.9%	+27.3%	+29.2%	+14.5%
Net Income	1.85B	1.76B	1.66B	1.54B	0.76B
Net Income to Common	1.85B	1.76B	1.66B	1.54B	0.76B
Net Income to Company	2.06B	1.99B	1.77B	1.48B	0.74B
Net Income Growth	+5.4%	+5.7%	+7.9%	+103.0%	-14.0%
Earnings From Continuing Ops.	2.06B	1.99B	1.78B	1.26B	0.81B
Earnings From Discontinued Ops.	—	—	-7.05M	217.10M	-64.33M
Minority Interest in Earnings	-208.38M	-230.78M	-109.62M	63.63M	14.89M
Income Tax Expense	157.52M	58.96M	53.73M	232.84M	80.11M
Effective Tax Rate	+7.1%	+2.9%	+2.9%	+15.6%	+9.0%
Net Interest Expense	-1.11B	-0.75B	-0.98B	-0.89B	-0.99B
Per Share & Capital
EPS (Basic)	2.47	2.40	2.27	2.10	1.14
EPS (Diluted)	2.47	2.40	2.27	2.10	1.14
EPS Growth	+3.0%	+5.7%	+7.9%	+84.5%	-16.5%
Dividend Per Share	—	—	0.45	0.83	0.77
Shares Change (YoY)	0.02	—	0	0.1	0.03
Shares Outstanding (Basic)	749.51M	732.30M	732.56M	732.56M	666.03M
Shares Outstanding (Diluted)	750.37M	732.56M	732.56M	732.56M	666.03M
Dividend Growth	—	—	-45.8%	+7.8%	—
Free Cash Flow	0.11B	-0.81B	-0.34B	1.35B	1.15B
Free Cash Flow Margin	+1.5%	-12.8%	-5.5%	+25.6%	+22.0%
Free Cash Flow Per Share	0.15	-1.10	-0.46	1.84	1.73
Payout Ratio	—	+18.7%	+36.5%	+40.6%	+119.4%
Supplemental
Insurance Settlements	246.00M	—	82.10M	43.90M	21.97M
Other Operating Expenses	3.04B	2.91B	2.42B	2.13B	2.35B
Other Unusual Items	—	—	6.75M	113.20M	—