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South Africa2025-09-30en

ANNUAL FINANCIAL STATEMENTS 2025

Summary

Eskom, South Africa's primary electricity supplier, continues to face significant financial sustainability challenges driven by inadequate tariffs, high debt costs, and escalating municipal arrears, despite improved operational performance. The utility is addressing these issues through comprehensive cost-saving initiatives, government debt relief, and a strategic refocus to evolve into a resilient, future-ready entity. While operational improvements have led to the first profit since 2017 and a substantial reduction in loadshedding, long-term liquidity remains at risk, necessitating ongoing implementation of mitigation strategies.

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