Overview
- Eskom reported on Monday that profit after tax rose to R30.3 billion for the year to March 31, 2026, with revenue of R354.7 billion supported by a 12.74% NERSA tariff increase.
- System performance strengthened as Eskom’s energy availability factor rose to about 65.16% and the company recorded only four days of load shedding in the 2026 financial year.
- The government provided R80 billion in debt relief that the Minister of Finance approved for conversion to equity, and Eskom’s cash balances almost doubled to R124.9 billion while net debt fell.
- Major risks remain because municipal arrears grew to R111.6 billion, auditors issued a qualified opinion citing R4.9 billion of irregular expenditure, and electricity sales fell to 178 TWh with about R6.6 billion in theft and non‑technical losses.
- Eskom plans to lift capital spending to more than R70 billion a year by FY2029, committing roughly R343 billion over five years, a push that will test whether current gains can be sustained without higher costs for users.