- In a pioneering turn in the assets, Eskom has announced its first return in profitability in about eight years before taxes of around 23.9 billion R.
The results signal a welcome postponement for the state -owned company (SOE), which was a few years ago in the epicenter of a crisis for a load tax, which presented a danger to the economy and President Cyril Ramaphosa caused the energy action plan to announce.
Now Dan Morocane, Managing Director of Eskom Group, revealed that the profits are plowed back into the SIE.
“The focused and ongoing efforts of ESKOMS 42,000 employees in providing the turnaround strategy have achieved tangible results. We will again invest the profits in national assets. In the next five years we will invest more than R320 billion in sustainability to expand the infrastructure. As part of the expected future tariffs from NERSA [National Energy Regulator of South Africa]If we increase the increases in efficiency and take control of the factors within our control in order to take into account the affordability of electricity, ”said Morocane.
It emphasized eskoms “important” importance for economic growth prospects and the creation of jobs.
“According to a report by the Council for Scientific and Industrial Research entitled” Statistics “for energy generation in South Africa,” which was published on March 17, 2025, the South African economy lost up to 2.8 trillion from R.
The Power supply company presented its group year results for the 2025 financial year on March 31, 2025 in the Megawatt Park on Tuesday afternoon.
The most important notes from the announcement include:
- Profit before taxes of R23.9 billion R, which were underpinned by a stronger profit before interest, taxes, depreciation and amortization margin of 29.05%, supported by a tariff level of 12.74% and a reduction in the cost of primary energy costs by 14%, which is due to improved coal system reliability and reduced dependence on expensive offenzy turbines (OCGT) and Ocgt-T-3 cycle (OCGT), which for a 2 -.- cycle (OCGT) and an annual increase in the rise (1- ° C-3.
- The energy, which was not delivered due to the load release, significantly dropped to less than 0.4 TWh (2024: 13.2 TWh). This corresponds to a total load duration of 175 hours (2024: 6 367 hours) and a decrease in the number of replacement days to only 13 (2024: 329 days). As a result, Eskom was able to deliver electricity to 96% of the days in the reporting period.
- Reciprocation beforehand not dissolved fuel emissions discounts from Sars [South African Revenue Service] provided a further increase in profits and liquidity. After adapting this unique recovery, Eskom made a normalized profit before taxes of 11.9 billion R.
- Improved focus and board supervision show improvements in the test results, although the expectations of stakeholders have not yet met and show that measures are taken with approximately 90% of all external exam results that have been concluded since the 2021 to the GJ 2024, subject to the examination.
Lights on
The CEO of the Eskom board, Mteto Nyati, reflected the improvement of the power supply company since the “crisis” that the board found three years ago.
“Eskom is increasingly a sustainable, investable company that is ready to compete in a liberalized market for competitive energy, and differs greatly from the crisis that was inherited from the office in October 2022. The time leadership, which enabled the time leading.
Author: Bryan Groenendaal
Source of content: Greews.gov.za