Hydro One Limited

Financial Statements (IFRS) · Amounts in CAD

5 10 All

Annual Quarterly

Income Statement

Balance Sheet

Cash Flow

Line Item	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Total Revenue	2.3B	2.3B	2.1B	2.4B	2.1B
Operating Revenue	2.2B	2.3B	2.1B	2.4B	2.1B
Cost Of Revenue	1.5B	1.4B	1.2B	1.6B	1.4B
Gross Profit	723.0M	923.0M	847.0M	856.0M	662.0M
Depreciation And Amortization In Income Statement	256.0M	243.0M	232.0M	232.0M	244.0M
Operating Expense	256.0M	243.0M	232.0M	232.0M	244.0M
Operating Income	467.0M	680.0M	615.0M	624.0M	418.0M
EBIT	438.0M	654.0M	556.0M	593.0M	379.0M
Interest Expense	174.0M	169.0M	166.0M	164.0M	161.0M
Interest Expense Non Operating	174.0M	169.0M	166.0M	164.0M	161.0M
Interest Income	5.0M	4.0M	3.0M	5.0M	6.0M
Interest Income Non Operating	5.0M	4.0M	3.0M	5.0M	6.0M
Net Interest Income	-174.0M	-171.0M	-168.0M	-162.0M	-158.0M
Other Income Expense	-29.0M	-24.0M	-57.0M	-33.0M	-42.0M
Other Non Operating Income Expenses	-1.0M	-1.0M	--	-1.0M	-2.0M
Special Income Charges	-30.0M	-28.0M	-56.0M	-31.0M	-40.0M
Gain On Sale Of Security	-1.0M	-1.0M	-1.0M	-1.0M	0.00
Earnings From Equity Interest	3.0M	6.0M	--	--	--
Pretax Income	264.0M	485.0M	390.0M	429.0M	218.0M
Tax Provision	30.0M	60.0M	61.0M	68.0M	17.0M
Tax Effect Of Unusual Items	-3.5M	-3.6M	-8.9M	-5.1M	-3.1M
Net Income From Continuing And Discontinued Operation	233.0M	421.0M	327.0M	358.0M	200.0M
Net Income From Continuing Operation Net Minority Interest	233.0M	421.0M	327.0M	358.0M	200.0M
Net Income Including Noncontrolling Interests	234.0M	425.0M	329.0M	361.0M	201.0M
Minority Interests	-1.0M	-4.0M	-2.0M	-3.0M	-1.0M
Net Income Common Stockholders	233.0M	421.0M	327.0M	358.0M	200.0M
Net Income	233.0M	421.0M	327.0M	358.0M	200.0M
EBITDA	694.0M	897.0M	788.0M	825.0M	623.0M
Normalized EBITDA	725.0M	926.0M	845.0M	857.0M	663.0M
Reconciled Depreciation	256.0M	243.0M	232.0M	232.0M	244.0M
Basic EPS	--	0.70	0.54	0.60	--
Diluted EPS	--	0.70	0.54	0.60	--
Basic Average Shares	--	599.8M	599.8M	599.4M	--
Diluted Average Shares	--	600.7M	600.8M	600.7M	--
Total Unusual Items	-31.0M	-29.0M	-57.0M	-32.0M	-40.0M
Total Unusual Items Excluding Goodwill	-31.0M	-29.0M	-57.0M	-32.0M	-40.0M
Tax Rate For Calcs	0.11	0.12	0.16	0.16	0.08
Normalized Income	260.5M	446.4M	375.1M	384.9M	236.9M
Amortization	23.0M	23.0M	22.0M	21.0M	22.0M
Amortization Of Intangibles Income Statement	23.0M	23.0M	22.0M	21.0M	22.0M
Depreciation Amortization Depletion Income Statement	256.0M	243.0M	232.0M	232.0M	244.0M
Depreciation Income Statement	233.0M	220.0M	210.0M	211.0M	222.0M
Diluted NI Availto Com Stockholders	233.0M	421.0M	327.0M	358.0M	200.0M
Gain On Sale Of Ppe	-30.0M	-28.0M	-56.0M	-31.0M	-40.0M
Net Income Continuous Operations	234.0M	425.0M	329.0M	361.0M	201.0M
Net Non Operating Interest Income Expense	-174.0M	-171.0M	-168.0M	-162.0M	-158.0M
Reconciled Cost Of Revenue	1.5B	1.4B	1.2B	1.6B	1.4B
Total Expenses	1.8B	1.6B	1.5B	1.8B	1.7B
Total Other Finance Cost	5.0M	6.0M	5.0M	3.0M	3.0M

Line Item	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Cash And Cash Equivalents	549.0M	412.0M	71.0M	123.0M	716.0M
Cash Cash Equivalents And Short Term Investments	549.0M	412.0M	71.0M	123.0M	716.0M
Accounts Receivable	467.0M	543.0M	516.0M	520.0M	433.0M
Receivables	1.5B	1.3B	1.4B	1.3B	1.2B
Inventory	31.0M	30.0M	33.0M	30.0M	29.0M
Other Current Assets	102.0M	129.0M	127.0M	135.0M	136.0M
Current Assets	2.2B	1.9B	1.6B	1.6B	2.1B
Gross PPE	46.5B	45.7B	45.0B	44.2B	43.5B
Accumulated Depreciation	-15.0B	-14.9B	-14.7B	-14.5B	-14.3B
Net PPE	31.5B	30.8B	30.3B	29.7B	29.1B
Goodwill	378.0M	378.0M	378.0M	378.0M	373.0M
Goodwill And Other Intangible Assets	1.0B	1.0B	1.0B	1.0B	1.0B
Other Intangible Assets	654.0M	653.0M	646.0M	658.0M	661.0M
Investments And Advances	302.0M	301.0M	299.0M	305.0M	46.0M
Long Term Equity Investment	302.0M	301.0M	299.0M	305.0M	46.0M
Other Non Current Assets	64.0M	78.0M	78.0M	67.0M	60.0M
Total Non Current Assets	37.5B	36.9B	36.2B	35.5B	34.6B
Total Assets	39.7B	38.8B	37.8B	37.1B	36.7B
Current Debt	1.0B	2.3B	2.3B	1.9B	1.4B
Current Debt And Capital Lease Obligation	1.0B	2.3B	2.3B	1.9B	1.4B
Accounts Payable	371.0M	375.0M	355.0M	328.0M	348.0M
Payables	850.0M	508.0M	513.0M	585.0M	690.0M
Payables And Accrued Expenses	2.0B	1.6B	1.7B	1.7B	1.7B
Current Accrued Expenses	1.1B	1.1B	1.2B	1.1B	974.0M
Current Deferred Revenue	313.0M	295.0M	335.0M	306.0M	336.0M
Other Current Liabilities	234.0M	23.0M	60.0M	100.0M	126.0M
Current Liabilities	3.6B	4.2B	4.4B	4.0B	3.5B
Long Term Debt	18.1B	16.5B	15.8B	15.8B	16.3B
Long Term Debt And Capital Lease Obligation	18.1B	16.5B	15.9B	15.9B	16.4B
Long Term Capital Lease Obligation	29.0M	30.0M	33.0M	37.0M	41.0M
Other Non Current Liabilities	42.0M	52.0M	52.0M	52.0M	43.0M
Total Non Current Liabilities Net Minority Interest	23.3B	21.9B	21.0B	20.8B	21.0B
Total Liabilities Net Minority Interest	26.9B	26.1B	25.3B	24.8B	24.5B
Common Stock	5.7B	5.7B	5.7B	5.7B	5.7B
Capital Stock	5.7B	5.7B	5.7B	5.7B	5.7B
Additional Paid In Capital	25.0M	25.0M	24.0M	29.0M	28.0M
Retained Earnings	6.9B	6.9B	6.7B	6.5B	6.4B
Gains Losses Not Affecting Retained Earnings	-9.0M	-10.0M	-11.0M	-13.0M	-12.0M
Other Equity Adjustments	-9.0M	-10.0M	-11.0M	-13.0M	-12.0M
Common Stock Equity	12.6B	12.6B	12.4B	12.3B	12.1B
Stockholders Equity	12.6B	12.6B	12.4B	12.3B	12.1B
Total Equity Gross Minority Interest	12.7B	12.7B	12.5B	12.3B	12.2B
Minority Interest	98.0M	98.0M	90.0M	82.0M	84.0M
Total Capitalization	30.7B	29.1B	28.2B	28.1B	28.4B
Net Tangible Assets	11.6B	11.6B	11.4B	11.2B	11.1B
Tangible Book Value	11.6B	11.6B	11.4B	11.2B	11.1B
Working Capital	-1.4B	-2.3B	-2.8B	-2.4B	-1.4B
Invested Capital	31.8B	31.4B	30.5B	30.0B	29.8B
Total Debt	19.2B	18.8B	18.1B	17.8B	17.7B
Net Debt	18.6B	18.3B	18.0B	17.6B	17.0B
Share Issued	599.8M	599.8M	599.8M	599.4M	599.4M
Ordinary Shares Number	599.8M	599.8M	599.8M	599.4M	599.4M
Capital Lease Obligations	43.0M	44.0M	47.0M	51.0M	55.0M
Construction In Progress	2.6B	3.0B	2.8B	2.4B	2.1B
Current Capital Lease Obligation	14.0M	14.0M	14.0M	14.0M	14.0M
Current Deferred Liabilities	313.0M	295.0M	335.0M	306.0M	336.0M
Current Notes Payable	100.0M	933.0M	1.4B	659.0M	200.0M
Current Provisions	7.0M	11.0M	11.0M	11.0M	11.0M
Defined Pension Benefit	610.0M	789.0M	744.0M	697.0M	647.0M
Derivative Product Liabilities	0.00	0.00	1.0M	3.0M	3.0M
Duefrom Related Parties Current	409.0M	310.0M	374.0M	341.0M	325.0M
Dueto Related Parties Current	479.0M	133.0M	158.0M	257.0M	342.0M
Employee Benefits	1.7B	1.6B	1.6B	1.6B	1.6B
Financial Assets	--	--	--	--	--
Interest Payable	203.0M	185.0M	180.0M	181.0M	180.0M
Investmentsin Associatesat Cost	302.0M	301.0M	299.0M	305.0M	46.0M
Long Term Provisions	80.0M	70.0M	72.0M	73.0M	74.0M
Non Current Deferred Assets	135.0M	132.0M	131.0M	128.0M	127.0M
Non Current Deferred Liabilities	1.8B	1.8B	1.6B	1.5B	1.5B
Non Current Deferred Taxes Assets	135.0M	132.0M	131.0M	128.0M	127.0M
Non Current Deferred Taxes Liabilities	1.8B	1.8B	1.6B	1.5B	1.5B
Non Current Pension And Other Postretirement Benefit Plans	1.7B	1.6B	1.6B	1.6B	1.6B
Other Current Borrowings	925.0M	1.3B	900.0M	1.2B	1.1B
Other Properties	5.0B	42.7B	42.2B	41.7B	4.7B
Receivables Adjustments Allowances	-57.0M	-60.0M	-63.0M	-62.0M	-61.0M

Line Item	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Operating Cash Flow	867.0M	713.0M	605.0M	510.0M	703.0M
Cash Flow From Continuing Operating Activities	867.0M	713.0M	605.0M	510.0M	703.0M
Depreciation And Amortization	256.0M	243.0M	232.0M	232.0M	244.0M
Depreciation Amortization Depletion	256.0M	243.0M	232.0M	232.0M	244.0M
Deferred Tax	-8.0M	17.0M	33.0M	34.0M	10.0M
Deferred Income Tax	-8.0M	17.0M	33.0M	34.0M	10.0M
Change In Working Capital	214.0M	31.0M	-14.0M	-178.0M	190.0M
Changes In Account Receivables	-99.0M	-2.0M	24.0M	-92.0M	-33.0M
Change In Receivables	-198.0M	62.0M	-9.0M	-108.0M	-31.0M
Change In Inventory	-1.0M	3.0M	-3.0M	0.00	1.0M
Change In Payables And Accrued Expense	360.0M	-11.0M	-31.0M	-49.0M	95.0M
Change In Payable	332.0M	-5.0M	-72.0M	-104.0M	188.0M
Change In Other Working Capital	18.0M	-40.0M	29.0M	-30.0M	--
Change In Other Current Assets	14.0M	0.00	-10.0M	-9.0M	-32.0M
Change In Other Current Liabilities	9.0M	25.0M	8.0M	22.0M	2.0M
Other Non Cash Items	171.0M	-3.0M	25.0M	61.0M	58.0M
Capital Expenditure	-830.0M	-783.0M	-794.0M	-643.0M	-679.0M
Purchase Of Business	0.00	0.00	0.00	-261.0M	--
Investing Cash Flow	-887.0M	-830.0M	-827.0M	-970.0M	-797.0M
Cash Flow From Continuing Investing Activities	-887.0M	-830.0M	-827.0M	-970.0M	-797.0M
Issuance Of Debt	2.6B	3.0B	2.1B	1.1B	1.3B
Repayment Of Debt	-2.3B	-2.3B	-1.7B	-1.0B	-520.0M
Net Issuance Payments Of Debt	364.0M	659.0M	365.0M	60.0M	755.0M
Common Stock Dividend Paid	-200.0M	-200.0M	-200.0M	-188.0M	-188.0M
Financing Cash Flow	157.0M	458.0M	170.0M	-133.0M	562.0M
Cash Flow From Continuing Financing Activities	157.0M	458.0M	170.0M	-133.0M	562.0M
Changes In Cash	137.0M	341.0M	-52.0M	-593.0M	468.0M
Beginning Cash Position	412.0M	71.0M	123.0M	716.0M	248.0M
End Cash Position	549.0M	412.0M	71.0M	123.0M	716.0M
Free Cash Flow	37.0M	-70.0M	-189.0M	-133.0M	24.0M
Income Tax Paid Supplemental Data	10.0M	13.0M	10.0M	12.0M	8.0M
Interest Paid Supplemental Data	179.0M	187.0M	184.0M	174.0M	180.0M
Amortization Cash Flow	23.0M	23.0M	22.0M	21.0M	22.0M
Amortization Of Intangibles	23.0M	23.0M	22.0M	21.0M	22.0M
Capital Expenditure Reported	-830.0M	-783.0M	-794.0M	-643.0M	-679.0M
Cash Dividends Paid	-200.0M	-200.0M	-200.0M	-188.0M	-188.0M
Change In Account Payable	-14.0M	20.0M	27.0M	-19.0M	12.0M
Change In Accrued Expense	28.0M	-6.0M	41.0M	55.0M	-93.0M
Change In Interest Payable	18.0M	5.0M	-1.0M	1.0M	7.0M
Change In Prepaid Assets	12.0M	-8.0M	2.0M	-4.0M	30.0M
Depreciation	233.0M	220.0M	210.0M	211.0M	222.0M
Long Term Debt Issuance	1.6B	1.1B	0.00	0.00	765.0M
Long Term Debt Payments	-400.0M	0.00	-350.0M	-400.0M	0.00
Net Business Purchase And Sale	0.00	0.00	0.00	-261.0M	--
Net Income From Continuing Operations	234.0M	425.0M	329.0M	361.0M	201.0M
Net Long Term Debt Issuance	1.2B	1.1B	-350.0M	-400.0M	765.0M
Net Other Financing Charges	-7.0M	-1.0M	5.0M	-5.0M	-5.0M
Net Other Investing Changes	-57.0M	-47.0M	-33.0M	-66.0M	-118.0M
Net Short Term Debt Issuance	-835.0M	-440.0M	715.0M	460.0M	-10.0M
Short Term Debt Issuance	1.0B	1.9B	2.1B	1.1B	510.0M
Short Term Debt Payments	-1.9B	-2.3B	-1.4B	-615.0M	-520.0M