Business
Interim results for the six months to 30 Sept 2025
Severn Trent PLC reported a strong first half of its financial year, with adjusted EPS growing by 74% to 101.0 pence and PBIT increasing by 57% to £466.2 million, driven by an 18% rise in revenue to £1,436.9 million. The company invested a record £769 million, growing its regulatory asset base by 13% to £15.4 billion by year-end, and has upgraded its full-year guidance for Outcome Delivery Incentives to at least £40 million. Financing costs were managed effectively with over £900 million of new debt raised at tight credit spreads, and regulated gearing stood at 61.5%. The interim dividend increased by 3.5% to 50.40 pence per share. Disclaimer*
About this update from Severn Trent Plc
[{"type":"text","content":"\n\n \nHalf Yearly Financial Report\n19 November 2025\nInterim results for the six months to 30 September 2025\n \n \nFirst half adjusted EPS1 growth of 74% and upgrading FY26 ODI guidance\n \nSevern Trent delivers strong financial performance in the first six months of AMP8 with year-on-year PBIT growth of 57% and record levels of investment. We will grow our regulatory asset base by 13% this year, increasing the value on which we earn future returns.\n \nLiv Garfield, Chief Executive, said:\n \n\"The next five years will be a period of exceptional growth for Severn Trent. We have made a strong start to our largest-ever investment programme, frontloading our investments to deliver faster for customers. Thanks to these early investments, we've upgraded our forecasts for this year's performance incentives to drive improvements in the things our customers care about most, and delivered an unprecedented sixth consecutive year of top-rated environmental performance.\n \n\"We're investing in people, technology, and new businesses to secure the capabilities we need for the future. Backed by the financial strength of our group, we're accelerating growth in our asset base which flows through to earnings. We're confident we can deliver earnings growth and returns while investing even more for our customers, creating new jobs across our region and improving the environment for the communities we serve.\"\n \nStrong first half financial performance delivering PBIT growth of 57%\n \n\n\n\n\n· \n\n\nRobust earnings: higher revenue and PBIT underpinning adjusted EPS growth of 74%.\n\n\n\n\n· \n\n\nFinancing costs: raised over £900m of new debt this financial year, with the tightest credit spreads in the sector, minimising net finance costs and driving financing outperformance.\n\n\n\n\n· \n\n\nRecord investment: £769m invested in the first six months, with regulatory asset base growth of 13% to £15.4bn by the end of this financial year.\n\n\n\n\n· \n\n\nRegulated gearing2: 61.5% (compared to 62.7% at 31 March 2025).\n\n\n\n\n \n \n\n\n\n\nGroup Financial Performance - H1 FY26\n\n\n30 Sept 2025\n\n\n30 Sept 2024\n\n\nIncrease\n\n\n\n\nRevenue\n\n\n£1,436.9m\n\n\n£1,217.7m\n\n\n18.0%\n\n\n\n\nPBIT\n\n\n£466.2m\n\n\n£297.8m\...