Snowy Hydro's Profits Affected by Line Upgrades
Snowy Hydro has reported a decrease 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, leading to lower profits. Snowy Hydro's underlying net profit fell to $399.7 million in FY 2025, from $522.8 million a year earlier.
- Line upgrades and constraints affected Snowy Hydro's portfolio defense.
- Profits decreased due to the company's hindered bidding strategy.
The annual report for the 2024/25 financial year was published quietly, following a major cost blowout for the Snowy 2.0 pumped hydro project.
Author's summary: Snowy Hydro's profits decreased due to line upgrades and constraints.
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