4.1.1 Financial performance Tariff increases and the renegotiated Special Pricing Agreements (SPAs) with smelters and mining customers had improved Eskom's financial performance for the financial year under review. The utility made a profit of R8.3 billion for the financial year under review. The renegotiation of the Skorpion SPA relating to commodity-linked revenue had been finalised. The negotiation of the remaining SPAs (Hillside and Bayside) was expected to be concluded in the medium term.