Eskom profits more than double to R30bn in 2025/26
The power utility attributed its improved performance to a sharp focus on systems recovery.
Eskom, the South African power utility, has announced a substantial increase in its profit for the 2025-26 financial year, with profits after tax soaring from R14 billion to R30 billion. The utility credited its improved performance to a strong focus on systems recovery, effective leadership, and a 4% revenue increase driven by a 12.7% tariff hike.
However, some revenue growth was offset by a dip in sales. Energy Minister Kgosientsho Ramokgopa remarked, "The improved operational performance has translated into stronger financial outcomes. Profit before tax of R39.4 billion and cash equivalents of R124.9 billion on 31 March 2026 demonstrate that operational recovery is beginning to support a stronger balance sheet and improve liquidity."
Eskom has reported its second consecutive profitable year, with the turnaround strategy effectively strengthening operational recovery, energy security, and financial sustainability.
Written by urgent.news from SABC News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
