Hawaiian Electric Industries reported a significant turnaround in full-year 2025 results, moving from a substantial net loss in 2024 to a net profit, largely driven by the resolution and deferral of wildfire-related liabilities. Core operations demonstrated resilience, with stable rates and progress towards renewable energy goals, positioning the company for long-term stability and investment.
Full year 2025 net income of $123 million, a significant improvement from a net loss of $1,426 million in 2024.
positiveCore income from continuing operations for full year 2025 was $149 million, up from $124 million in 2024.
positiveAchieved a 37% Renewable Portfolio Standard in 2025, accelerating progress toward the 2030 statutory milestone of 40%.
positiveTypical residential bill remained stable in 2025, with $1 million provided in payment assistance to customers.
positiveFull year 2025 net loss for Holding and Other Companies was $45 million, compared to $96 million in 2024, indicating ongoing challenges in non-utility segments.
attentionCore net loss for Holding and Other Companies in full year 2025 was $28 million, compared to $56 million in 2024.
attentionWildfire tort litigation settlement nearing final court approval, suggesting potential future financial impacts.
attentionThe company recorded $1,875 million in 2024 for wildfire tort-related claims, which significantly impacted prior year results.
negativeMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
Electric utility | N/A | — | — | — |
Other | N/A | — | — | — |
| Total Revenue | $0.00M | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.
Actions taken to ensure the company is best positioned to serve communities for the long term.
Critical progress on advancing Maui wildfire tort settlements, legislative measures for wildfire risk, and wildfire safety improvements.
Core utility business performed well, operating efficiently and maintaining financial strength.
Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.
Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.