Snowy Hydro's Profits Hit by Line Upgrades
Snowy Hydro has reported a fall in profits due to constraints caused by network upgrades for Australia's most powerful battery.
The company's underlying net profit fell to $399.7 million in FY 2025, from $522.8 million a year earlier.
“Hard to defend:
Snowy Hydro has blamed line upgrades and constraints for hindering its bidding strategy, leading to lower profits.
- Annual report for the 2024/25 financial year published quietly
- Cost blowout for the Snowy 2.0 pumped hydro project expected
Author's summary: Snowy Hydro's profits decline due to network upgrades.