Hydro One Ltd (HRNNF) Invested Capital (2017 - 2026)

For the year ended Dec 31, 2025, Hydro One reported Invested Capital of $22.83 billion, up 6.9% from the prior year.

• Annual Invested Capital has increased for three straight years, though with a five-year compound annual growth rate of -98.2% (years ended Dec 2020 to Dec 2025).
• Across earlier years, Invested Capital came in at $21.36 billion in the year ended Dec 31, 2024 (+6.0%), $20.15 billion in the year ended Dec 31, 2023 (+3.2%), $19.53 billion in the year ended Dec 31, 2022 (-3.9%) and $20.33 billion in the year ended Dec 31, 2021 (-100.0%).
• The figure for the quarter ended Jun 30, 2026 is the highest quarterly Invested Capital in data going back to the quarter ended Dec 31, 2016.
• On a year-over-year basis, Invested Capital has increased for five consecutive quarters, with growth averaging 6.3% over the last eight quarters.
• Peak year-over-year performance for Invested Capital in the last five years was growth of 128.0% in the quarter ended Sep 30, 2021, against a decline of 3.9% in the quarter ended Dec 31, 2022 at the low end.
• Per Business Quant, the preceding three quarters came in at $23.38 billion (quarter ended Mar 31, 2026), $22.83 billion (quarter ended Dec 31, 2025) and $22.85 billion (quarter ended Sep 30, 2025).