On 2026-08-06 16:20:30 (Saudi Time), ACWA Power Company announced its Interim financial results for the six months ended on June 30, 2026.

Year-on-Year Performance Drivers

For the six-month period ending 30 June 2026, Sales/Revenue increased 8.606% YoY to SAR 4,034.42 million (from SAR 3,714.70 million), driven primarily by higher energy revenue, higher operation and maintenance services revenue, and the sale of shared facilities recognized in the current period, partially offset by lower development, procurement and construction services revenue. Net Profit Attributable to Shareholders declined 28.141% YoY to SAR 653.17 million (from SAR 908.98 million), mainly due to higher performance liquidated damages and insurance income recognized in the same period of last year, higher general and administration expenses, and lower contribution from equity accounted investees, partially offset by higher gross profit, lower financial charges, and higher finance income.

Quarter-on-Quarter Performance Drivers

QoQ revenue declined marginally by 0.503% to SAR 2,012.11 million (from SAR 2,022.30 million), driven by lower development, procurement and construction services revenue and the absence of shared facilities sale recognized in the prior quarter, partially offset by higher energy revenue and higher operation and maintenance services revenue. Net profit attributable to shareholders fell 10.54% QoQ to SAR 308.42 million (from SAR 344.76 million), primarily due to lower development, procurement and construction services contribution, impact of operational outages in power, and higher impairment expenses, partially offset by a lower income tax and zakat charge.

Other Items

The external auditor issued an unmodified conclusion with no additional comments in any other matter, conservation, notice, disclaimer of opinion, or adverse opinion paragraphs. Total Shareholders' Equity (after deducting minority equity) stood at SAR 30,042,922 thousand as of the current period, up 39.914% from SAR 21,472,378 thousand in the same period of the prior year. Earnings per share for the current six-month period were SAR 0.85, compared to SAR 1.23 in the same period of the prior year. Total Comprehensive Income Attributable to Shareholders of the Issuer for the current six-month period was SAR 1,136,470 thousand, compared to SAR -445,347 thousand in the same period of the prior year. Certain comparative figures have been reclassified to conform with the presentation adopted in the current period, including a reclassification of SAR 20.34 million from operating costs to general and administrative expenses. No material risks, going concern uncertainties, debt defaults, or accumulated loss disclosures were reported.

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