Eskom made a profit before tax of R23.9 billion, in the financial year, ending the 31st March 2025.
Annual financial results were released this week.
This is the first time in 8 years that Eskom has made a profit.
Mteto Nyathi, Chairperson of the Board, said the power utility has remained focused on using money efficiently, and has made early interventions in governance and controls, whilst improving its fight against crime, fraud and corruption.
“Following years of constrained performance, we are beginning to see the tangible benefits of our recovery strategies, with marked improvements across key financial metrics.”
A report published by the Council for Scientific and Industrial Research (CSIR), in March 2025, found the South African economy lost up to R2.8 trillion, due to loadshedding in the 2023 calendar year.
In 2024, that figure was reduced by 83%, to R481 billion.
Calib Cassim, Eskom’s Chief Financial Officer said “regulatory uncertainty and the absence of a long-term tariff trajectory continue to impede strategic planning for the electricity supply industry, our customers and investors. We require predictability to foster investment in South Africa. With the support of the Minister of Electricity and Energy, we will continue to engage with NERSA and other stakeholders on establishing a predictable long-term tariff outlook. Eskom is also supporting the restructuring of the electricity supply industry into a rules-based competitive market where players can compete fairly.”
The margin of earnings before interest, tax, depreciation and amortisation (EBITDA) was at 29.05%, compared to 14.67% in 2024, supported by a 12.74% standard tariff increase.
Energy not supplied as a result of loadshedding also declined significantly to below 0.4TWh (2024:13.2TWh), because power supply was provided for 96% of the days in the reporting period, compared to just 9% in 2024.