ACWA Power Company (TADAWUL:2082)

ACWA Power Company Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	7,013	6,297	6,095	5,276	5,235	4,829
Revenue Growth (YoY)	16.58%	3.32%	15.53%	0.77%	8.41%	17.35%
Operations & Maintenance	2.36	2.36	2.49	2.31	4.93	4.13
Selling, General & Admin	1,790	1,748	1,234	1,027	919.94	814.75
Other Operating Expenses	3,107	2,906	2,422	2,129	2,346	2,255
Total Operating Expenses	4,900	4,656	3,658	3,159	3,551	3,074
Operating Income	2,113	1,641	2,437	2,117	1,685	1,755
Interest Expense	-1,360	-1,236	-1,423	-1,150	-1,004	-1,033
Interest Income	506.03	517.01	441.48	259.15	17.58	19.86
Net Interest Expense	-854	-719.12	-981.41	-891.16	-986.34	-1,013
Income (Loss) on Equity Investments	700.43	694.16	241.67	294.44	321.69	231.11
Currency Exchange Gain (Loss)	0.37	-0.56	2.77	-36.93	-46.92	-23.46
Other Non-Operating Income (Expenses)	-415.22	-61.19	33.37	84.56	-38.86	31.78
EBT Excluding Unusual Items	1,545	1,555	1,733	1,568	934.15	981.2
Impairment of Goodwill	-	-	-	-	-60.02	-7.5
Gain (Loss) on Sale of Investments	401.7	401.7	-	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	-	-7.75	9.59
Asset Writedown	229.46	91.07	-	-121.6	-	-210.85
Insurance Settlements	-	-	82.1	43.9	21.97	59.19
Legal Settlements	-16	-16	10.2	-111.53	-	-
Other Unusual Items	15.49	15.49	6.75	113.2	-	-
Pretax Income	2,175	2,047	1,832	1,492	888.34	831.64
Income Tax Expense	-3.88	58.96	53.73	232.84	80.11	-50.95
Earnings From Continuing Ops.	2,179	1,988	1,778	1,259	808.23	882.59
Earnings From Discontinued Ops.	1.21	-	-7.05	217.1	-64.33	19.8
Net Income to Company	2,180	1,988	1,771	1,476	743.91	902.39
Minority Interest in Earnings	-292.42	-230.78	-109.62	63.63	14.89	-19.82
Net Income	1,888	1,757	1,662	1,540	758.8	882.57
Net Income to Common	1,888	1,757	1,662	1,540	758.8	882.57
Net Income Growth	11.84%	5.74%	7.90%	102.96%	-14.02%	-24.82%
Shares Outstanding (Basic)	732	732	733	733	666	647
Shares Outstanding (Diluted)	732	733	733	733	666	647
Shares Change (YoY)	-0.01%	-	-	9.99%	2.93%	-
EPS (Basic)	2.58	2.40	2.27	2.10	1.14	1.36
EPS (Diluted)	2.57	2.40	2.27	2.10	1.14	1.36
EPS Growth	11.63%	5.78%	7.90%	84.52%	-16.47%	-24.82%
Free Cash Flow	-818.78	-900.59	-337.11	1,348	1,149	417.78
Free Cash Flow Per Share	-1.12	-1.23	-0.46	1.84	1.73	0.65
Dividend Per Share	-	-	0.449	0.828	0.768	-
Dividend Growth	-	-	-45.78%	7.78%	-	-
Profit Margin	26.92%	27.90%	27.26%	29.19%	14.49%	18.28%
Free Cash Flow Margin	-11.68%	-14.30%	-5.53%	25.56%	21.95%	8.65%
EBITDA	2,635	2,143	2,881	2,570	2,290	2,313
EBITDA Margin	37.58%	34.02%	47.27%	48.71%	43.74%	47.90%
D&A For EBITDA	522.34	501.28	444.77	452.85	605.16	557.95
EBIT	2,113	1,641	2,437	2,117	1,685	1,755
EBIT Margin	30.13%	26.06%	39.98%	40.13%	32.18%	36.35%
Effective Tax Rate	-	2.88%	2.93%	15.60%	9.02%	-

Updated Feb 25, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.