Toronto Hydro Corporation reports its second quarter financial results for 2025

TORONTO, Aug. 13, 2025 /CNW/ - Toronto Hydro Corporation (Toronto Hydro) has announced its financial and operating results for the second quarter ended June 30, 2025.

Selected financial and operational highlights

(in millions of Canadian dollars)

Three months ended

June 30

Six months ended

June 30

2025

$

2024

$

2025

$

2024

$

Distribution revenue

236.4

233.7

476.6

458.9

Net income after net movements in regulatory balances 

57.4

42.4

110.6

76.3

Capital expenditures

237.2

217.2

481.9

416.7

KEY FINANCIAL HIGHLIGHTS

Net income after net movements in regulatory balances for the six months ended June 30, 2025 was $110.6 million, an increase of $34.3 million compared to the same period in 2024. This increase was primarily due to lower net credit amounts deferred into regulatory accounts, higher distribution revenue and higher other revenue, partially offset by higher depreciation and amortization expenses and higher income taxes.

Capital expenditures for the six months ended June 30, 2025 were $481.9 million, an increase of $65.2 million compared to the same period in 2024. Capital initiatives in 2025 included the delivery of customer connections and the replacement of overhead ...