ACWA Power Company (2082) Earnings Call Transcripts

ACWA Power Company's Latest Earnings Call - Q1 FY2026

In the first quarter of fiscal year 2026, ACWA Power Company reported a revenue of SAR 730 million and a net income of SAR 345 million, reflecting a year-over-year decline of 16% and 19%, respectively. The company highlighted its operational resilience amidst geopolitical tensions, with no material adverse effects reported. Management maintained a cautious outlook for the remainder of the year, emphasizing a strong project pipeline and operational improvements, while also signaling potential delays in project timelines due to regional conflicts.

Reported metrics

Guidance from management

Management maintained a cautious outlook for the remainder of the year, emphasizing the need to monitor geopolitical developments and potential impacts on project timelines. They expect to complete financial closes for several projects in 2026.

What management said

I think one thing to add the curtailment, if you allow me, I think we were instructed recently by the offtaker basically actually to reduce the curtailment percentage to a lower percentage. So we're making more power out of some of these units.

I mean I can respond to the first question, basically. As we highlighted to you before, we really have a very rich pipeline of opportunities, basically we're pursuing around the world. And really, we're fortunate in this regard because that really gives us the choice now, I mean, to be more selective. So we're definitely evaluating the risk profile for these different opportunities and the returns. And based on that,...

What analysts pressed on

Analysts expressed concerns regarding the curtailment of power dispatch at two Saudi plants and the potential for cost inflation due to ongoing geopolitical tensions. There were also inquiries about the impact of regional disruptions on project timelines and financial performance.

Main topics on the call

• Operational Resilience — ACWA Power reported strong operational performance despite geopolitical tensions, stating, "We have seen no material or adverse effect operationally or financially on our business today as a result of the geopolitical si...
• Geopolitical Impact and Risk Management — Management acknowledged potential risks from geopolitical developments, particularly in the Strait of Hormuz, and stated, "We activated a 24/7 command center early in the escalation period." They are implementing measure...
• Project Pipeline and Growth Strategy — ACWA Power has a robust project pipeline with "close to 3 gigawatts of power together with 8.7 gigawatt hour of battery energy storage system" pending contract signing. Management emphasized a selective approach to new o...
• Financial Performance — The company reported a net income of SAR 345 million, which is "around 19% lower than the same quarter of last year." This decline was attributed to lower development activities and cyclical impacts on quarterly performa...

Read the full ACWA Power Company transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 11 ACWA Power Company earnings call transcripts on record, spanning August 11, 2022 to August 6, 2026. Based on this history, ACWA Power Company reports semi-annually. The most recent call on file is dated August 6, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

2082

Exchange

SASE

Country

SA

Sector

Utilities

Industry

Independent Power and Renewable Electricity Producers

Calls on record

11

First call

August 11, 2022

Most recent

August 6, 2026

Reporting cadence

semi-annually