FINHUB Insights

SO · Q2 FY25 · Apr 1 – Jun 30, 2025

Southern Q2 FY25: where the revenue came from and where it went

Southern Q2 FY25: revenue $7B (+8% year over year). Net profit $0.9B. Largest cohort Residential $2B. The whole income statement as a sankey diagram from the SEC filing.

Period
Apr 1 – Jun 30, 2025
Reported
Jul 31, 2025 10-Q
Sankey diagram of Southern's income statement for Q2 FY25: revenue of $7 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$7B +8% year over year
Gross profit$6.8B 98% margin
Operating profit$1.8B 25% margin
Net profit$0.9B 13% margin

The numbers

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
ItemValueShare of revenueYear over year
Revenue 7 100% +8%
Residential 2 29%
Commercial 1.7 24%
Industrial 1 14%
Natural gas distribution 0.9 13%
Other revenues 0.5 7%
Other 0.4 6%
PPA energy revenues 0.3 4%
Other revenue sources 0.2 3%
Cost of revenue−0.23%
Gross profit6.898% margin+0pp
Operating expenses−572%+0pp
Operating profit1.825% margin−5pp
Tax−0.3
Interest & other costs−0.6
Net profit0.913%−6pp
Filing on EDGAR More quarters of SO

Source of the numbers: tables in the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

Older quarters