ACWA Power Reports SAR 344.76M Net Profit in Three Months 2026
ACWA 2082.SA | 0.00 |
On 2026-05-10 08:08:03 (Saudi Time), ACWA POWER Company announced its Interim financial results for the three months ended on March 31, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 2,022,303 | 1,967,235 | 2.799 | 2,039,283 | -0.832 |
| Gross Profit (Loss) | 926,567 | 1,100,844 | -15.831 | 996,452 | -7.013 |
| Operational Profit (Loss) | 728,844 | 869,954 | -16.22 | 829,634 | -12.148 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 344,756 | 427,152 | -19.289 | 572,081 | -39.736 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 445,973 | -872,908 | - | 818,231 | -45.495 |
| 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) | 29,441,654 | 20,994,040 | 40.238 |
| Profit (Loss) per Share | 0.45 | 0.58 | |
| 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 | |||
Year-on-Year Performance Drivers
Sales increased 2.799% YoY to 2,022.30 million, driven by higher energy output services and operation and maintenance services revenues, partially offset by lower development, procurement and construction services. Net profit declined 19.289% YoY to 344.76 million, primarily due to reduced development and related services revenue and higher deferred tax impact, though this was partially mitigated by increased share in equity accounted investees results, higher other operating income, and lower financial charges.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 0.83% to 2,022.30 million due to lower Development, Procurement & Construction Services, partially offset by increased electricity output. Net profit dropped 39.74% to 344.76 million primarily driven by lower gross profit, reduced share in equity accounted investees results, and lower other operating income. These negative impacts were partially mitigated by lower General & Administration expenses and reduced impairment expenses.
Other Items
The auditors issued an unmodified conclusion with no additional comments, disclaimers, or adverse opinions noted. Total shareholders equity increased 40.238% year-over-year to 29,441,654 thousand SAR. Earnings per share decreased from 0.58 to 0.45 SAR compared to the same quarter last year. No accumulated losses or material uncertainties regarding going concern were reported.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95115&anCat=1&cs=2082&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/23875_2362_2026-05-10_03-00-27_en.pdfhttps://www.saudiexchange.sa/Resources/fsPdf/23875_2362_2026-05-10_03-00-33_en.pdfImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.