HRNNFOTCElectric ServicesFiscal year ends December 31Also trades as HYNLY

Hydro One Ltd

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 40-F on Feb 13, 2026

$37.23−0.66 (-1.74%)

Close on Oct 19, 2026

Hydro One Ltd income statement

AnnualQuarterlyTTM

CAD USD

Millions of CAD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31
Revenue	9,041	8,484	7,844	7,780	7,225	7,290	6,480	6,150	5,990
Cost of Revenue	4,486	4,143	3,652	3,724	3,579	3,854	3,111	2,899	2,875
Gross Profit	4,555	4,341	4,192	4,056	3,646	3,436	3,369	3,251	3,115
Total Costs & Expenses	6,803	6,517	6,002	5,948	5,613	5,808	5,170	4,841	4,758
Operating Income	2,238	1,967	1,842	1,832	1,612	1,482	1,310	1,309	1,232
Interest Expense	11,444	10,429	9,110	8,117	8,431	8,411	8,249	8,181	–
Income from Equity Investments	9.00	0	–	–	–	–	–	–	–
Asset Impairment Charges	0	0	0	0	0	0	0	0	0
Gain (Loss) on Sale of Assets	–	–	1.00	39	8.00	–	–	–	–
Pretax Income	1,568	1,346	1,272	1,346	1,151	1,011	796	850	793
Income Tax Expense	219	181	178	288	178	-785	-6.00	915	111
Net Income incl. Noncontrolling Interests	1,349	1,165	1,094	1,058	973	1,796	802	-65	682
Minority Interest in Earnings	10	9.00	9.00	8.00	8.00	8.00	6.00	6.00	6.00
Net Income	–	–	–	–	973	1,796	802	-65	682
Preferred Dividends	–	–	–	–	–	18	18	18	18
Net Income to Common	1,339	1,156	1,085	1,050	965	1,770	778	-89	658
EPS (Basic)(per share)	2.23	1.93	1.81	1.75	1.61	2.96	1.30	-0.15	1.11
EPS (Diluted)(per share)	2.23	1.92	1.81	1.75	1.61	2.95	1.30	-0.15	1.10
Shares Outstanding (Basic, Weighted)(shares)	600	599	599	599	598	597	596	596	595
Shares Outstanding (Diluted, Weighted)(shares)	601	601	601	601	600	600	599	598	598
Dividend per Share(per share)	1.31	1.24	1.17	1.11	1.05	1.00	0.96	0.91	0.87
EBITDA	3,204	2,887	2,708	2,663	2,427	2,265	2,087	2,056	1,959

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Dec 31, 2025

Profitability, FY2025

Gross margin: 50.4%
Operating margin: 24.8%
Net margin: –
Return on equity, FY2025: –

Financial strength

Current ratio: 0.61
Debt to equity: 1.51
Debt to assets: 48.2%
Cash to current liabilities: 15.3%

Valuation

P/E ratio: –
Price to sales: –
Price to book: –
Dividend yield: –

Valuation ratios need the share price and fill in once daily prices are connected.