Directors’ report (continued) Company Secretary
Western Power’s operating results For the reporting year ended 30 June 2025:
• Western Power achieved a net profit after income tax equivalent of $338 million (30 June 2024: $381 million) • Western Power’s net cash flows excluding borrowings were $282 million deficit (30 June 2024: $3 million surplus). This cashflow was primarily financed by an increase of $363 million in borrowings (30 June 2024: increase of $140 million in borrowings). Dividends Details of the dividends Western Power paid to the Western Australian State Government during the reporting years presented, are shown in table 4 below.
Ms Lucinda Kerr was appointed as Western Power’s Company Secretary in September 2023 following an extensive career in accounting and finance in the public and private sector, with a strong focus on the energy industry. With more than 25 years of finance and regulatory experience gained in London, Melbourne and Perth, Ms Kerr commenced with Western Power in 2016 and was previously the technical lead for Western Power’s fifth access arrangement program. Ms Kerr has a Bachelor of Commerce from the University of Western Australia and is admitted as a Chartered Accountant Australia and New Zealand. Review of operations To avoid duplication of content, please refer to the front section within this annual report, including the messages from the Board Chair and Chief Executive Officer, for information on the operations and financial position of Western Power, and its business strategies.
Table 4: Dividends
2024/25
2023/24
Dividends paid Final dividend Special dividend Interim dividend
$M
Payment date
$M
Payment date
71
19/12/2024
- - - -
- - -
- -
- -
Total dividends paid
71
Western Power Annual Report 2025
75
Made with FlippingBook. PDF to flipbook with ease