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Listen "Eskom records a profit after tax of R16 billion, the first time since FY2017"
Episode Synopsis
GUEST - Dan Marokane – Eskom’s Group Chief Executive
Power utility Eskom has announced a profit after tax of R16 billion for the full year ending March 2025, up from a massive R55 billion loss recorded in the previous year. The utility noted that the profit was driven by significant cost reductions in its primary generation costs, and reduced spending on open-cycle gas turbines.
The group recorded profit before tax of R23.9 billion (2024: loss of R25.5 billion), marking the first return to profitability since FY2017. It said that this was underpinned by a stronger EBITDA margin of 29.05% (2024: 14.67%), supported by a 12.74% standard tariff increase and a 14% reduction in primary energy costs. Kaya FM
Power utility Eskom has announced a profit after tax of R16 billion for the full year ending March 2025, up from a massive R55 billion loss recorded in the previous year. The utility noted that the profit was driven by significant cost reductions in its primary generation costs, and reduced spending on open-cycle gas turbines.
The group recorded profit before tax of R23.9 billion (2024: loss of R25.5 billion), marking the first return to profitability since FY2017. It said that this was underpinned by a stronger EBITDA margin of 29.05% (2024: 14.67%), supported by a 12.74% standard tariff increase and a 14% reduction in primary energy costs. Kaya FM
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