Acwa Power Company SJSC 2082.SR · SAR
Utilities · Independent Power and Renewable Electricity Producers · Tadawul · 🇸🇦 Saudi Arabia
157.00
+2.08%
Close of 8 Nov 2026, in SAR
At a glance
Figures in SAR, from our data supplier.
Revenue
SAR 7.41bn
FY2016FY2025
Net income
SAR 1.85bn
FY2016FY2025
Free cash flow
−SAR 1.20bn
FY2016FY2025
Shareholders' equity
SAR 29.02bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SAR 7.41bn | SAR 6.30bn | SAR 6.10bn | SAR 5.28bn | SAR 5.24bn | SAR 4.83bn | SAR 4.26bn | SAR 3.39bn | SAR 3.73bn | SAR 3.20bn |
| Gross profit | SAR 3.70bn | SAR 3.33bn | SAR 3.50bn | SAR 2.87bn | SAR 2.85bn | SAR 2.53bn | SAR 2.19bn | SAR 1.41bn | SAR 1.63bn | SAR 1.34bn |
| Research and development | SAR 147.1m | SAR 222.8m | SAR 69.6m | SAR 35.4m | SAR 133.2m | SAR 142.9m | — | — | — | — |
| Operating income | SAR 2.96bn | SAR 3.01bn | SAR 2.98bn | SAR 2.61bn | SAR 1.89bn | SAR 1.84bn | SAR 1.61bn | SAR 859.3m | SAR 963.2m | SAR 700.0m |
| Net income | SAR 1.85bn | SAR 1.76bn | SAR 1.66bn | SAR 1.54bn | SAR 758.8m | SAR 882.6m | SAR 619.5m | −SAR 101.9m | SAR 920.2m | SAR 875.1m |
| Diluted earnings per share | 2.42 | 2.40 | 2.27 | 2.11 | 1.05 | 1.36 | 0.96 | -0.14 | 1.26 | 1.59 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SAR 70.06bn | SAR 56.88bn | SAR 55.02bn | SAR 48.85bn | SAR 45.71bn | SAR 36.26bn | SAR 37.72bn | SAR 36.17bn | SAR 32.66bn | SAR 25.05bn |
| Cash and short-term investments | SAR 8.16bn | SAR 4.08bn | SAR 5.96bn | SAR 6.35bn | SAR 5.17bn | SAR 832.7m | SAR 2.80bn | SAR 5.50bn | SAR 3.24bn | SAR 1.36bn |
| Total liabilities | SAR 38.41bn | SAR 32.58bn | SAR 34.31bn | SAR 28.82bn | SAR 31.39bn | SAR 28.86bn | SAR 27.12bn | SAR 25.09bn | SAR 22.77bn | SAR 16.04bn |
| Debt | SAR 30.65bn | SAR 26.48bn | SAR 25.68bn | SAR 23.84bn | SAR 24.05bn | SAR 20.04bn | SAR 20.20bn | SAR 19.37bn | SAR 18.96bn | SAR 12.28bn |
| Shareholders' equity | SAR 29.02bn | SAR 21.86bn | SAR 19.16bn | SAR 18.66bn | SAR 13.48bn | SAR 6.87bn | SAR 9.90bn | SAR 9.69bn | SAR 8.50bn | SAR 7.77bn |
| Shares outstanding | 766m | 733m | 731m | 731m | 722m | 647m | 647m | 733m | 733m | 549m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | SAR 3.16bn | SAR 3.47bn | SAR 3.34bn | SAR 2.91bn | SAR 3.86bn | SAR 1.88bn | SAR 364.2m | SAR 904.6m | SAR 1.89bn | SAR 497.1m |
| Capital spending | −SAR 4.37bn | −SAR 4.37bn | −SAR 3.68bn | −SAR 1.56bn | −SAR 2.05bn | −SAR 1.46bn | −SAR 2.05bn | −SAR 3.19bn | −SAR 5.26bn | −SAR 3.91bn |
| Free cash flow | −SAR 1.20bn | −SAR 900.6m | −SAR 337.1m | SAR 1.35bn | SAR 1.81bn | SAR 417.8m | −SAR 1.68bn | −SAR 2.28bn | −SAR 3.36bn | −SAR 3.41bn |
| Dividends paid | −SAR 120.7m | −SAR 450.3m | −SAR 706.0m | −SAR 625.6m | −SAR 905.9m | −SAR 1.08bn | −SAR 338.6m | −SAR 294.6m | −SAR 337.8m | −SAR 216.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SAR 2.01bn | SAR 2.02bn | SAR 2.04bn | SAR 1.68bn | SAR 1.75bn | SAR 1.97bn | SAR 1.74bn | SAR 1.75bn |
| Gross profit | SAR 977.0m | SAR 926.6m | SAR 996.5m | SAR 975.5m | SAR 714.1m | SAR 1.10bn | SAR 873.3m | SAR 999.8m |
| Operating income | SAR 559.2m | SAR 566.7m | — | SAR 443.0m | SAR 752.6m | SAR 870.0m | SAR 778.0m | SAR 465.4m |
| Net income | SAR 308.4m | SAR 344.8m | SAR 572.1m | SAR 371.2m | SAR 481.8m | SAR 427.2m | SAR 502.2m | SAR 328.1m |
| Diluted earnings per share | 0.40 | 0.45 | 0.75 | 0.48 | 0.63 | 0.56 | 0.69 | 0.45 |
| Cash from operations | SAR 768.0m | SAR 345.0m | SAR 2.59bn | SAR 17.0m | SAR 603.0m | SAR 719.0m | SAR 1.88bn | SAR 285.0m |
| Capital spending | −SAR 1.04bn | −SAR 872.0m | −SAR 1.55bn | −SAR 749.0m | −SAR 1.23bn | −SAR 831.0m | −SAR 2.09bn | −SAR 286.0m |
| Free cash flow | −SAR 276.0m | −SAR 527.0m | SAR 1.03bn | −SAR 732.0m | −SAR 630.0m | −SAR 112.0m | −SAR 204.0m | −SAR 1.0m |
| Total assets | SAR 74.14bn | SAR 72.05bn | SAR 70.06bn | SAR 68.62bn | SAR 60.89bn | SAR 59.04bn | SAR 56.88bn | SAR 55.08bn |
| Cash and short-term investments | — | — | SAR 8.16bn | SAR 9.89bn | SAR 4.28bn | SAR 3.99bn | SAR 4.08bn | SAR 5.92bn |
| Debt | SAR 30.05bn | SAR 29.24bn | SAR 30.65bn | SAR 3.75bn | SAR 29.75bn | SAR 28.08bn | SAR 26.29bn | SAR 26.46bn |
| Shareholders' equity | SAR 30.04bn | SAR 29.44bn | SAR 29.02bn | SAR 28.20bn | SAR 21.47bn | SAR 20.99bn | SAR 21.86bn | SAR 18.52bn |
Financial ratios
Data as of 7 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 50.0% | 52.9% | 57.3% | 54.3% | 54.5% | 52.3% |
| Operating margin | 39.9% | 47.8% | 48.9% | 49.6% | 36.1% | 38.2% |
| Net margin | 25.0% | 27.9% | 27.3% | 29.2% | 14.5% | 18.3% |
| Return on equity | 6.4% | 8.0% | 8.7% | 8.3% | 5.6% | 12.8% |
| Return on assets | 2.6% | 3.1% | 3.0% | 3.2% | 1.7% | 2.4% |
| Free cash flow yield | 5.0% | 5.5% | 4.9% | 3.1% | 4.2% | 2.6% |
| Revenue growth | 17.7% | 3.3% | 15.5% | 0.8% | 8.4% | 13.5% |
| Earnings growth | 5.4% | 5.7% | 7.9% | 103.0% | -14.0% | 42.5% |
| Current ratio | 2.22x | 1.93x | 1.80x | 2.63x | 1.90x | 0.75x |
| Debt to equity | 1.06x | 1.20x | 1.33x | 1.27x | 1.78x | 2.91x |
| Equity ratio | 41.4% | 38.4% | 34.8% | 38.2% | 29.5% | 18.9% |
| Interest coverage | 1.74x | 2.33x | 2.05x | 2.34x | 1.80x | 1.80x |
| R&D as a share of sales | 2.0% | 3.5% | 1.1% | 0.7% | 2.5% | 3.0% |
| Buybacks as a share of market value | -4.5% | -0.2% | 0.0% | -1.3% | -11.5% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 12.0% | 9.0% | — |
| Operating income | 4.2% | 9.9% | — |
| Net income | 6.3% | 16.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 51.3% | 53.4% | 53.4% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 75.2 | 167.3 | 112.8 | 72.0 | 79.7 |
| Price to sales | 18.8 | 46.7 | 30.8 | 21.0 | 11.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 26 Aug 2026.
| FY2026 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Paid in the year | 0.46 | 0.446 | 0.828 | 0.762 |
- 1.002-for-1 split · 30 Apr 2024
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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