Hawaiian Electric Industries, Inc.

Hawaiian Electric Industries, Inc. (HE) reported net income from continuing operations of $126.3 million for FY 2025, derived from income before taxes of $166.9 million and income tax expense of $40.6 million. The company generated $391.1 million in net cash from operating activities, while using $322.2 million in investing activities primarily for capital expenditures of $341.2 million. Financing activities used $331.0 million, largely for debt repayment. Total assets stood at $8.92 billion, with shareholders' equity of $1.61 billion. Key financial drivers included net interest income of $36.9 million and total interest expense of $117.3 million. The company maintained $501.8 million in cash and cash equivalents and secured a $95 million federal grant for grid resilience. Forward-looking challenges include managing $1.97 billion in wildfire tort-related claims and navigating credit rating impacts on capital costs.

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