Eskom records first full-year profit in eight years
State-owned power utility Eskom reported its first full‑year profit in eight years on Tuesday, helped by government debt relief, higher tariffs and a sharp reduction in power cuts.
The company's power cuts have held back South Africa's economic growth for more than a decade, and its repeated bailouts have drained State coffers.
But the frequency of its outages has reduced dramatically since early last year due to a sudden turnaround in the performance of its coal-fired power station fleet.
There were just 13 days of power cuts in its latest financial year, compared to a record 329 days a year earlier.
Eskom made a profit after tax of R16-billion in the year to the end of March 2025, compared with a R55-billion loss a year earlier.
The company said it would reinvest profits into its infrastructure, targeting R320-billion of investments over the next five years.
The biggest threat to its future remains the debt owed to Eskom by municipalities and metropolitan areas, which make up 42% of its sales.
Municipal debt stood at R103.5-billion in August, up from R94.6-billion in March this year and R74.4-billion in March 2024.
"No organisation would survive if it is not paid for its services. By 2030 the arrears will be over R300-billion," Eskom's CFO Calib Cassim told a press conference.
An audit report said there were still concerns about Eskom's viability as a business, citing rising municipal debt among other factors.
Article Enquiry
Email Article
Save Article
To advertise email advertising@creamermedia.co.za or click here
Comments
Research Reports
Projects
Latest News
Showroom
Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.
VISIT SHOWROOM
Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
