ACWA POWER INVESTOR RELATIONS | https://www.acwapower.com | ir@acwapower.com

ACWA Power Company Earnings Call

1

For the Three and Nine Months Ended 30 September 2025


Realizing Business Growth at Unprecedented Scale

IN NINE MONTHS …

ACWA POWER INVESTOR RELATIONS | https://www.acwapower.com | ir@acwapower.com

  • Added 24.7 GW of Power and 1.8 million m³/day of desalinated water capacity including the acquired power and water assets in Kuwait, Bahrain, China

  • Largest under-construction portfolio in our history

    with 34 assets - 46 GW and 1.5 million m3/day

  • Brought online 7 GW of power, 600K m³/day of desalinated water capacity, and 3k tonnes/annum of GH2

  • Reached 110 assets, 15 countries, SAR 430 billion

    AUM

    3

  • Renewables represent 56% 52GW in operation, construction, advanced development



5.6

+ 1.2 GWh BESS

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Awarded, pending contract signing

Submitted, Results Awaited

Power (GW)

Water (Mm3/day)

1.1

-

GH2 (MTPA)

-

-

# of Countries

5

2

2.4

+8.0 GWh BESS

Bids/Deals in Pipeline 118.8

+ ~34 GWh BESS

+2.2 GWh BESS

Financial close ongoing 29.2

17.8

2.4

0.49 23

- 7

Source: Company information.

4

Strong pipeline to execute our 2030 target


Remarkable progress towards our 2030 targets … A boost in our confidence for our ambition

6.8

50.4

June 2023

Today

2030

Power

ACWA POWER INVESTOR RELATIONS | https://www.acwapower.com | ir@acwapower.com

ACWA POWER INVESTOR RELATIONS | https://www.acwapower.com | ir@acwapower.com

GW

Water

mm3/day

Green Hydrogen

Million Tonnes/Year

175+

9.3

93.0

15+

0.2

1.0*

5

0.2

* Ready capacity waiting out to be contracted is expected to be 2.5m ton/year by 2030.

5



ACWA POWER INVESTOR RELATIONS | https://www.acwapower.com | ir@acwapower.com

HEALTH, SAFETY,

& ENVIRONMENT (HSE)

POWER AVAILABILITY

WATER AVAILABILITY

0.01


LOST TIME INJURY RATE (LTIR) 9M2024: 0.02

91.7%

9M2024: 93.9%

98.3%

9M2024: 97.4%

Source: Company information.

6

Safety remains foremost priority with further room to improve. Availability performs consistently above standards.


Financial Results


Overview

  • Following the successful completion of SAR

    ACWA POWER INVESTOR RELATIONS | https://www.acwapower.com | ir@acwapower.com

    7.1 billion rights issue, proceeds received on

    July 31, 2025.

  • SAR 17.7 billion worth of financial close in nine months; SAR 32.2 billion subsequently in October.

  • Achieved commercial operations for an unprecedented 7 GW of power, 600K m³/day of desalinated water capacity, and 3k tonnes/annum of GH2.

  • Operating income up by by ~17%

    8

  • Adjusted net profit increased by ~22%



Project

Time

TIC

Contracted capacity

Saguling Floating PV IPP

In 3Q25 Al-Nairyah-1

Aug '25

Aug '25

0.2 B

7.9 B

60 MW

1,890 MW

Rumah-1

Aug '25

7.8 B

1,890 MW

Uzbek GH2 Phase 1

May '25

0.4 B

52 MW & 3K tons/annum GH2

Tashkent (Riverside)

May '25

2.0 B

400 MW

9M 2025

1Jan - 30 Sept

17.7 B

4,292 MW & 3K tons/annum GH2

9M 2024

1Jan - 30 Sept

31.0 B

9,530 MW power; 818K m3/day

FY 2024

1Jan - 31 Dec

34.6 B

10,770 MW power; 818K m3/day

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Subsequent FC's in October 2025

Hajr Expansion

Oct '25

13.5 B

3,010 MW

Nukus 2 Wind

Oct '25

1.0 B

200 MW +(~40 MW BESS)

10M 2025

1Jan - 31 Oct

32.2 B

7,322 MW +(~40 MW BESS) & 3K

tons/annum GH2



Source: Company information.

Saudi Riyal Symbol 9

32 billion of FCs achieved to date (Nov 3)


Project

Time

Incremental capacity

Total online capacity

Remaining to bring online

In 3Q25

Chirquiq GH₂

Sep'25

52 MW1 &

3 K tons/annum (GH₂)

52 MW &

3 K tonnes/annum (GH₂)

-

Karatau Wind (Nukus)

Sep'25

65 MW

65 MW

35 MW

Ar Rass-2 PV

Aug'25

1,000 MW

1,000 MW

1,000 MW

Saad-2 PV

Sep'25

1,125 MW

1,125 MW

-

Al Kahfah PV

Aug'25

1,425 MW

1,425 MW

-

Azerbaijan Wind

Aug'25

78 MW

78 MW

163 MW

9M 2025

1Jan - 30 Sep

+6,996 MW; +600K m³/day; 3 K tonnes/annum (GH₂)

9M 2024

1Jan - 30 Sep

+2,426 MW; +76K m³/day

FY 2024

1Jan - 31 Dec

+3,808MW; +76K m³/day

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Redstone CSP

May-25

100 MW

100 MW

-

Shuaibah 3 SWRO

May-25

600,000 m3/day

600,000 m³/day

-

Bash

Mar-25

500 MW

500MW

-

Dzhankeldy

Mar-25

500 MW

500MW

-

Al Shuaibah 2

Feb-25

2,060 MW

2,060MW

-

Layla

Jan-25

91 MW

91MW

-

Source: Company information. 1. Incremental power capacity was achieved in May-25. 10

In nine months, we brought highest-ever power capacity online in addition to first-ever GH2


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ACWA Power Company SJSC published this content on November 04, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on November 04, 2025 at 14:36 UTC.