Reports & publications

Corporate publications

As a public, government-owned utility, we’re committed to transparency and accountability to all Manitobans. Our high-level corporate publications are issued monthly, quarterly, or annually and reflect how we do business in the province. Here you’ll find our annual and quarterly reports, our Environmental Social Governance report, along with other publications.

Documents

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Annual Report

Thumbnail of the Annual Report cover.

Investing in our future:
Delivering Energy for Life in Manitoba

The 75th Annual Report of the Manitoba Hydro-Electric Board, for the year ending March 31, 2026, is available to view, print, or save.

View the 2025–26 Annual Report (PDF, 9.6 MB)

Corporate highlights

Total domestic revenue

(electric and gas)

$2.35 billion

Export revenue

$569 million

Total debt

$26.55 billion

Total assets

$33.09 billion

Net income (loss)

attributed to Manitoba Hydro

($446) million

Our service area

650,000 km2

Number of electric customers

640,248

Kilometres of transmission lines

~14,730

Kilometres of distribution lines

~75,990

Total electricity capability

6,116 MW

Number of natural gas customers

300,196

Kilometres of natural gas main lines

11,445

Number of communities with natural gas service

135

Total number of full-time equivalent employees

5,653*

* See page 131 for definition of full-time equivalent.

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Sustainability Report

Thumbnail of the 2024–2025 Sustainability Report.

Energy for Life: Delivering the energy that brings us together

Our Sustainability Report, for the year ending March 31, 2025, is available to view, print, or save.

Beyond the provision of steady, reliable energy — but equally important to our success and to our province — is how Manitoba Hydro conducts our work to promote safety, advance reconciliation, promote communities and ensure care for our environment.

As Manitobans working for Manitobans, we have a vested interest in the impact of our work.

Here are the highlights of those efforts from our past fiscal year (ending March 31, 2025).

People

  • 97% of employees completed ethics training.
  • 98% of employees completed annual cybersecurity training.
  • 212 students joined our workforce for a summer placement.
  • More than $109,000 provided in scholarships and bursaries to students across Manitoba.
  • 74% of residential customers reported they are satisfied with Manitoba Hydro’s overall service.
  • 96% of customers are satisfied with field service.
  • 75,766 electric and natural gas line located completed.
  • Over 3,700 loans and $18 million in financing provided to customers.

Community

  • 65% of residential customers are satisfied with Manitoba Hydro’s Safety Education.
  • 3,504 grade five and six students across 66 schools reached province-wide with electrical and natural gas safety messaging.
  • More than $1,131,500 in combined employee and payroll donations.
  • More than $18,750 donated to 26 employee-championed events and $5,200 to 13 volunteer grants.
  • Over $513,000 in sponsorship of events and activities across Manitoba.

Environment

  • construction completed on our newest facility – Riel Construction Office — which features energy efficient and sustainable design, including geothermal heating/cooling, low-carbon materials, and natural daylight to reduce electrical use for lighting.
  • awarded the 2024 Energy Star® for our Manitoba Hydro headquarters building with a rating of 97 – our highest rating to date.
  • Stocked approximately 8,900 Lake Sturgeon fingerlings and 1,600 yearlings raised at our Grand Rapids Fish Hatchery.
  • Registered 159 protected wood poles with the federal Abandoned Nest Registry.
  • 1,156 kilograms (kg) of small single use and rechargeable batteries recycled through the Call2Recycle program.
  • 53,273 kg of larger, industrial batteries collected for recycling to Industrial Metals.
  • 42,800 litres of lube oil1 was collected and recycled.
  • 136,610 kg of industrial non-hazardous materials was recycled.
  • an estimated 21.3 metric tonnes of electronic equipment (such as computers, monitors, and accessories) were donated for re-purposing or recycling (e-waste) through the Computers for Schools Manitoba program.
  • 85 metric tons of paper was recycled through Manitoba Hydro’s Official Records Destruction, Confidential Shredding and T.R.I.M Programs
  1. Lube oil has been referred to as ‘waste oil’ in previous Manitoba Hydro reporting. ↩︎

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Financial

We issue reports on our operations and finances.

Annual reports

Our annual report covers the corporate fiscal reporting year of April 1 to March 31 and is issued to the utility’s shareholders, the people of Manitoba.

Quarterly reports

A quarterly report updates our financial picture at the end of three, six and nine months to supplement financial information found in the annual report.

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Certain documents on this page were published before changes to provincial and federal laws about accessibility and environmental claims. We are doing an ongoing, but not completed, review to determine whether these documents, and any claims made in them, comply with the new legislative requirements.