Business
Q3 Trading Statement
SSE plc anticipates its 2025/26 adjusted Earnings Per Share to be between 144 and 152 pence, driven by strong operational performance and a 64% increase in regulated networks investment to approximately £1.8 billion. Renewables output rose 7% year-on-year, despite mixed weather conditions, as capacity additions continue. The company is making significant progress on its £33 billion Transformation for Growth plan, having secured three quarters of key transmission consents and commenced construction on its fifth major transmission project, the Spittal-Peterhead link, which involves a €2 billion cabling contract. SSE also secured a 20-year contract for its Berwick Bank offshore wind farm and is nearing completion of turbine installation on Dogger Bank A. Disclaimer*
About this update from Sse Plc
[{"type":"text","content":"\n\nSSE plc\nQ3 Trading Statement\n4 February 2026\nThis Trading Statement updates on strategic progress and operational performance for the nine-month period ending 31 December 2025 and provides guidance for 2025/26 full-year earnings.\n\ná Strong networks performance with a two-thirds increase in investment compared to this point last year.\ná Renewables output slightly higher, reflecting capacity additions against mixed weather conditions.\ná Momentum behind the £33bn Transformation for Growth plan with three quarters of key transmission consents received and the fifth major transmission project in construction.\ná 2025/26 full-year adjusted Earnings Per Share expected to be between 144 - 152 pence.\nTrading update\nSSE expects that 2025/26 adjusted Earnings Per Share will be between 144 - 152 pence, reflecting strong operational performance against mixed weather conditions. Previously reported Business Unit operating profit expectations remain unchanged.\nThe regulated networks businesses have delivered a 64% increase in investment compared to the first nine months of last year as strategic delivery accelerates. Around £1.8bn was invested1 in networks as construction gathers pace on the major ASTI and LOTI projects in Transmission, while Distribution continues to progress investment through its baseline plan and Uncertainty Mechanisms.\nGeneration output from SSE Renewables over the first nine months was 7% higher than the same period in prior year, reflecting the ongoing increase in capacity from its construction programme against mixed weather conditions.\nGuidance remains subject to factors such as weather, market conditions and plant availability over the remainder of the year. An update on actual performance will be provided in SSE's Notification of Closed Period statement on 2 April 2026.\n1 adjusted investment is net of SSEN Transmission 25% minority interest.\nStrategic progress\nMomentum continues behind delivery of SSE's five-year, £33bn Transformation for Growth investment plan, with a number of projects of critical national importance reaching delivery, planning and policy milestones including:\ná Five transmission planning decisions have been secured since November...