Adding 7 gigawatts of power, 600,000 cubic meters of water per day and 3,000 tons of green hydrogen per year to the operational portfolio during the first nine months of 2025.

Riyadh, Saudi Arabia: ACWA Power, the world’s largest privately owned desalination company, a leader in energy transformation and the first company to launch green hydrogen projects, today announced its consolidated financial results for the nine months ended September 30, 2025.

Net profit attributable to shareholders of the parent company amounted to SAR 1,280 million in the first nine months of 2025, recording a relative increase compared to the same period of 2024, mainly due to the rise in operating profits (+17% year-on-year), which was offset by the rise in finance charges and impairment charges.

On the other hand, adjusted net profit attributable to shareholders of the parent company – a key financial indicator that does not comply with International Financial Reporting Standards (IFRS) and is adopted by ACWA Power to normalize the financial impact of non-routine projects – increased by 22% to reach SAR 1,355 million.

Operating profit before impairment and other expenses amounted to SAR 2,764 million, an increase of 17% compared to the same period last year, as a result of increased contributions from projects in operation and the company’s strong performance in development work.

Commenting on this, Marco Arcelli, CEO of ACWA Power, said: “ACWA Power is achieving unprecedented growth, having set a record for the number of projects currently under construction, paving the way for tangible revenues and cash flows in the future. We are also focusing our own resources and those of our financial partners to achieve financial closure for these projects and bring them online on schedule. The first nine months of fiscal year 2025 have been a milestone in our speed and ability to operate as indicated.”

On this occasion, Abdul Hamid Al-Muhaidib, Chief Financial Officer of ACWA Power, said:

"ACWA Power's financial performance during the first nine months of fiscal year 2025 confirms our ability to translate business growth into tangible operating profits. This was achieved through increased project development in the company's portfolio, with financial closures reached for five projects with total investments of SAR 17.7 billion, adding approximately 7 gigawatts of power and 600,000 cubic meters per day of water to our operating portfolio. This demonstrates our speed in project execution and the diversity of projects in our operating portfolio, thereby enhancing our ability to create long-term sustainable value for our partners."

ACWA Power began the third quarter of fiscal year 2025 by signing power purchase agreements for five large solar photovoltaic (PV) plants and two wind farms in Saudi Arabia, with a total capacity of 15 gigawatts (GW) and a total investment value of SAR 31 billion (USD 8.3 billion). On the sidelines of the Foreign Investment Institutions Conference held last week, ACWA Power signed the necessary documents with lenders to secure financing for the five solar PV plants.

Earlier this quarter, ACWA Power successfully completed its historic SAR 7.1 billion rights issue on the Saudi Stock Exchange (Tadawul) and is investing the proceeds, received on July 31 of fiscal year 2025, in line with the approved use of funds – primarily to support the company’s growth projects.

During the third quarter of the current fiscal year, ACWA Power achieved financial closure for three projects, including the combined cycle power plant in Saudi Arabia, Rumah 1 and Nairyah 1, with total investments of SAR 15.3 billion (USD 4.1 billion). This brings the total value of financial closures achieved by ACWA Power during the first nine months of 2025 to SAR 17.7 billion (USD 4.7 billion).

Operationally, ACWA Power achieved commercial operation of several key projects during the quarter, including the Chirkwek Green Hydrogen Project in Uzbekistan, the Karatau Wind Project, the Azerbaijan Wind Project, and the Saad 2, Al-Rass 2, and Al-Kahfah Solar PV Projects. These projects added 3.7 GW of power and 3,000 tons per annum of green hydrogen to the company's operational portfolio. The total capacity added to the company's investment portfolio during the first nine months of 2025 amounted to 7 GW of power, 600,000 cubic meters per day of desalinated water, and 3,000 tons per annum of green hydrogen.

It is worth noting that through the completion of its acquisition of the Mingyang wind farm in China, ACWA Power added another 100 MW of power to its investment portfolio during the quarter, strengthening its presence in a market that remains of strategic importance to ACWA Power’s long-term growth and energy transformation objectives.

As we move into the final quarter of the year, ACWA Power is focusing on the precise execution of its projects and achieving its ambitious goals to reach financial closure, while maintaining outstanding momentum in the execution and commissioning of its projects under construction, in accordance with the established timelines.

ACWA Power will hold a conference call to discuss its financial results and business updates on Monday, November 3, 2025, at 16:00 Saudi Arabia time / 13:00 GMT.

For further information on the financial results and management's discussion and analysis, please refer to the preliminary investor report for the three-month and nine-month periods ended September 30, 2025 on the website: ACWA Power | Financial Statements and Reports.

About ACWA Power

ACWA Power (trading symbol: 2082) is a Saudi-listed company and the world’s largest privately owned desalination company. It is a pioneer in green hydrogen projects and a leader in the global energy transition. Registered and established in Riyadh, Saudi Arabia in 2024, ACWA Power employs over 4,000 people and operates projects in 15 countries across the Middle East, Africa, Central Asia, and Southeast Asia. Its portfolio comprises 110 projects that are either operational, in advanced stages of development, or under construction, with an investment value of SAR 429.9 billion (USD 114.6 billion). These projects have a generating capacity of 93 GW (52 GW of which are from renewable energy sources) and manage 9.2 million cubic meters per day of desalinated water. ACWA Power provides these significant quantities of power and water to meet the needs of utilities and government sectors through long-term power purchase agreements and public-private partnership (PPP) models.

To learn more

www.acwapower.com

Contacts (Media Sector):

Mohammed Al-Hassan, Senior Manager - Public Relations, Media and Content

Moalhasan@acwapower.com

Contact persons (investor relations):

Jihad Al-Muhanna, Director of Investor Relations

jalmohanna@acwapower.com

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