Eskom has delivered its strongest signal yet that its turnaround plan is taking hold. The utility reported a 36 percent surge in profit, with profit after tax rising to R24.3 billion for the first six months of FY2026, according to its unaudited H1 report. Management attributes the improvement to stricter maintenance discipline, fewer plant breakdowns, declining diesel use, and tighter cost control. After years defined by financial strain, emergency spending, and erratic generation, Eskom’s latest earnings release suggests that operational stability is finally translating into financial resilience.

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