Hydro-Québec reported net income of $2.83 billion for the first nine months of 2025, an increase of $641 million over the same period last year.

On Friday, the government-owned corporation presented its financial results for the first three quarters of the current year.

It attributes the increase in net income in particular to last winter’s cold temperatures, which contributed to an eight per cent increase in electricity sales in Quebec compared to the same period in 2024.

Hydro-Québec also says it had an “effective marketing strategy that maximized the value of exports.”

Sales outside Quebec declined in terms of volume, but this was offset by higher prices than in previous years. As a result, the Crown corporation saw its revenues jump 20 per cent compared to last year.

“Even though

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