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Saudi Arabia's integrated utility ACWA Power posted a 44% increase in Q1 2025 net profit to 427 million riyals ($114 million) on higher operating income and lower impairment loss on Noor 3 CSP IPP in Morocco by SAR 138 million
The result came above analysts’ mean estimate of SAR 348 million, according to data provider LSEG.
On a quarterly basis, however, profit slipped 15% from SAR 502 million.
Revenue improved to SAR 1.96 billion versus SAR 1.25 billion in the year-ago period.
Net impairment charges were SAR 7.40 million, narrowed from SAR 145.8 million in the same quarter of 2024.
(Writing by Brinda Darasha; editing by Daniel Luiz)
