Hydro One revenue and financials

H · TSX · CAD

$51.26+0.65%+$0.33

Close · October 6, 2026

In the fiscal year ended December 2025, Hydro One reported revenue of $9.04B (+6.57% year over year). Net income was $1.34B, a net margin of 14.8%.

Annual revenue · 2025: $9.04B
  1. $7.23B2021
  2. $7.78B2022
  3. $7.84B2023
  4. $8.48B2024
  5. $9.04B2025

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Revenue growth
+6.57%
2025 vs 2024
Net income growth
+15.83%
2025 vs 2024
Net margin
14.8%
2024: 13.6%

Financial data

Amounts in millions of CAD; per-share values in CAD; shares in millions.

ItemQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023
Total assets41,07439,72139,67138,76537,81337,09436,68235,12334,19234,10732,85232,487
Current assets2,3561,7072,1741,8651,5841,6322,1171,6371,3912,0371,3541,289
Cash and equivalents64337.054941271.012371624874.068679.059.0
Receivables1,5261,4951,4921,2941,353———————
Inventory31.029.031.030.033.0———————
Net property, plant and equipment32,49931,95331,49730,83130,32029,66029,14828,57828,00927,38926,92326,347
Goodwill378378378378378378373373373373373373
Other intangible assets632639654653646———————
Long-term investments252253302301299———————
Current liabilities2,6713,1823,5904,1944,3663,9913,5012,8133,4563,2532,7203,049
Accounts payable323322371375355———————
Long-term debt19,50318,09318,09216,50015,830———————
Total debt20,09119,15719,16018,80218,148———————
Total liabilities27,95626,75726,92526,05325,33324,75324,50922,95522,20322,22421,08720,724
Total equity (incl. minority)13,11812,96412,74612,71212,48012,34112,17312,16811,98911,88311,76511,763
Retained earnings7,2607,1026,9116,8786,6576,5306,3606,3486,1666,0625,9475,944
Minority interest12312298.098.090.082.084.085.084.083.085.085.0