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Honorary Master
- Group profit after tax increased to R30.3 billion (2025: R14.0 billion, restated), representing a second successive year of strong profitability and supported by an Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) margin of 30.63% (2025: 28.75%, restated). The year-on-year EBITDA margin improvement reflects Eskom’s more efficient costs of producing electricity, underpinned by improved generating plant availability, cost discipline and lower reliance on emergency diesel generation, enabling real efficiencies and decisive cost discipline.
- For the year under review, revenue grew by 4.1%, driven by a regulatory standard tariff increase of 12.74%; this was partially offset by a 6.2% decline in sales volumes to 178TWh. Sales volumes declined, driven by weak industrial demand, embedded self-generation and energy efficiency gains. The decline in demand was most pronounced in the industrial sector – which reduced by 9.7TWh or 22.5% year-on-year. With excess production capacity, sales retention and growth are critical areas of focus going forward.
Eskom reports second consecutive profitable year as turnaround strategy execution strengthens operational recovery, energy security and financial sustainability - Eskom
Monday, 31 August 2026: Eskom today announced its group annual results for the 2026 Financial Year (FY) ended 31 March 2026, reporting a second
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