PPL (PPL) financial statements
+39.9%since 2007
- FY2025 revenue
- $9.0B▲ +6.9%
- FY2025 net income
- $1.2B▲ +33.0%
- FY2025 diluted EPS
- $1.59▲ +32.5%
- FY2025 free cash flow
- −$1.4B
PPL income statement
| USD millions | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Period ended | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
| Revenue | 9,042 | 8,462 | 8,312 |
| Operating income | 2,129 | 1,740 | 1,630 |
| Pretax income | 1,472 | 1,116 | 924 |
| Net income | 1,181 | 888 | 740 |
| Diluted earnings per share | 1.59 | 1.20 | 1.00 |
PPL balance sheet
| USD millions | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Period ended | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
| Cash and cash equivalents | 1,071 | 339 | 382 |
| Total assets | 45,244 | 41,069 | 39,236 |
| Total liabilities (derived) | 30,363 | 26,992 | 25,303 |
| Total equity | 14,881 | 14,077 | 13,933 |
| Long-term debt | 17,990 | 15,952 | 14,611 |
PPL cash flow statement
| USD millions | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Period ended | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
| Operating cash flow | 2,629 | 2,340 | 1,758 |
| Capital expenditure | -4,030 | -2,805 | -2,390 |
| Free cash flow (derived) | -1,401 | -465 | -632 |
| Dividends paid | -794 | -747 | -704 |
| Share repurchases | n/a | n/a | 0 |
Quarterly highlights
| USD millions | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Period ended | 31 Mar 2026 | 31 Dec 2025 | 30 Sep 2025 | 30 Jun 2025 |
| Revenue (derived) | 2,774 | 2,274 | 2,239 | 2,025 |
| Operating income (derived) | 745 | 476 | 569 | 406 |
| Net income (derived) | 452 | 266 | 318 | 183 |
| Diluted earnings per share | n/a | n/a | 0.43 | 0.25 |
| Operating cash flow (derived) | 557 | 548 | 966 | 602 |
| Total assets | 46,304 | 45,244 | 43,939 | 42,363 |
PPL major shareholders
| Holder | Share of class | Shares | Filed |
|---|---|---|---|
| Vanguard Capital Management | 7.3% | 54,981,572 | 30 April 2026 |
| STATE STREET CORPORATION | 5.1% | 37,376,575 | 11 August 2025 |
| Vanguard Portfolio Management | 5.0% | 37,769,687 | 31 July 2026 |
PPL 10-K and SEC filings
| Filed | Form | Type | Description |
|---|---|---|---|
| 27 August 2026 | 8-K | Current report | Current report |
| 17 August 2026 | 8-K | Current report | Current report |
| 7 August 2026 | 10-Q | Quarterly report | Quarterly report |
| 7 August 2026 | 8-K | Current report | Current report |
| 30 June 2026 | 8-K | Current report | Current report |
| 4 June 2026 | 8-K | Current report | Current report |
| 18 May 2026 | 8-K | Current report | Current report |
| 15 May 2026 | 8-K | Current report | Current report |
Common questions
What was PPL's revenue in fiscal 2025?
PPL reported $9.0 billion in revenue for fiscal 2025, the year ended 31 December 2025, up 6.9% from fiscal 2024.
What was PPL's net income in fiscal 2025?
PPL reported net income of $1.2 billion for fiscal 2025, the year ended 31 December 2025, up 33.0% from fiscal 2024. Diluted earnings per share were $1.59.
What was PPL's free cash flow in fiscal 2025?
PPL had negative free cash flow of $1.4 billion in fiscal 2025. Operating cash flow was $2.6 billion and capital expenditure was $4.0 billion.
What were PPL's total assets at the end of fiscal 2025?
PPL reported total assets of $45.2 billion at the end of fiscal 2025, the year ended 31 December 2025.
How much PPL history does each plan include?
Free covers the last 3 fiscal years of annual figures. Basic covers the last 10 fiscal years, annual and quarterly. Pro covers the full history, with first reported values and as of dates.
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