HEHawaiian Electric Industries, Inc.

$3B

Q1 2025 Earnings

Utilities Diversified Utilities

Income Statement

Revenue

$744M-6.1% YoY

Gross Profit

$62M8.4% margin

Operating Income

$62M8.4% margin

Net Income

$27M3.6% margin

EPS (Diluted)

$0.15

QoQ Revenue Growth

+52.8%

Cash Flow

Operating Cash Flow

$50M

Free Cash Flow

-$37M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$8.8B

Total Liabilities

$7.2B

Stockholders' Equity

$1.5B

Cash & Equivalents

$1.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$744M	$792M	-6.1%
Gross Profit	$62M	$141M	-55.8%
Operating Income	$62M	$51M	+22.7%
Net Income	$27M	$42M	-35.6%

Revenue Segments

Electric Energy Sales, Large Light And Power

$262M35%

Electric Energy Sales, Residential

$240M32%

Electric Energy Sales, Commercial

$237M32%

Product and Service, Other

$11M1%

Electric Energy Sales, Other

$4M1%

Other Sales

$4M1%

Regulatory Revenue

-$14M-2%

HE Q1 2025 Earnings — Hawaiian Electric Industries, Inc. Revenue & Financial Results | Market Cap Arena