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StocksMedium•27 March 2026•

1 min read

Hawaiian Electric Returns to Profitability in 2025 Following Massive Wildfire Losses

3D metallic 'PVH' text with 'CALVIN KLEIN' and 'TOMMY HILFIGER' names. Upward trend line, 'EARNINGS BEAT', 'REVENUE: +14%', and '2026 GUIDANCE' on an orange background.

Key Facts

1Hawaiian Electric reported a net income of $123.1 million for 2025, compared to a $1.43 billion loss in 2024.

Hawaiian Electric Industries (HE) reported a significant financial turnaround for the fiscal year 2025, posting a net income of $123.1 million. This performance marks a stark contrast to the massive $1.43 billion net loss recorded during the previous year. The recovery was primarily driven by a dramatic reduction in wildfire-related expenses, which plummeted from $1.4 billion in 2024 to just $12.2 million in 2025. Despite the return to the black, the utility company continues to grapple with elevated leverage due to ongoing wildfire liabilities. Analysts view this swing to profitability as a major milestone in the company’s recovery efforts following the devastating events of 2024. However, the long-term debt burden remains a key concern for investors as the company navigates its post-crisis balance sheet.