Quarterly bulletin Second quarter of 2025
Hydro‑Québec’s net income and investments increased by more than 20% in the first half of 2025
Hydro‑Québec reported net income of $2,277 million for the first semester of 2025, up $432 million compared to the same period in 2024.
Quarterly Bulletin – Q2 2025 [PDF 650 kB]Financial highlights of the first six months
Sharp rise in sales volume in Québec
Winter 2024–2025 recorded temperatures 3°C lower than the previous year, resulting in an increase in consumption
Strong performance on export markets
Colder winter: Increase in market prices
- Sales of approximately 6 TWh at 16¢/kWh in 2025 (9¢/kWh in 2024)
Lower prices in the second quarter: Increase in electricity imports
- Purchases of approximately 6 TWh at 5¢/kWh (3¢/kWh in 2024)
Increase in income as a result of an efficient marketing strategy, supported by the reliability and performance of its generation and transmission equipment
Action Plan 2035: Sustained growth in investments and financing activities
Increase in investments of 20% compared to 2024 and nearly 60% compared to 2023
- Investments of $3.3 billion in six months, mainly to ensure asset sustainment and quality service
Financing activities raised $3.8 billion in the first half of the year