Snowy Hydro's Profits Affected by Line Upgrades
Snowy Hydro has reported a decline in profits due to constraints caused by network upgrades for Australia's most powerful battery.
“Hard to defend:”
The company's bidding strategy was hindered by line upgrades, resulting in lower profits. Snowy Hydro's underlying net profit fell to $399.7 million in FY 2025, from $522.8 million a year earlier.
- Underlying net profit: $399.7 million (FY 2025)
- Previous year's underlying net profit: $522.8 million
Snowy Hydro quietly published its annual report for the 2024/25 financial year, following a major blowout in costs for the Snowy 2.0 pumped hydro project.
Author's summary: Snowy Hydro's profits declined due to network upgrades.