Centrica plc (CNA) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

good to go good morning everybody it's brilliant to be here today and as usual i'm joined on the stage by our cfo and the new youtube sensation russell o'brien for those of you that watch this video no doubt our leadership team here in the front row and our chairman here's a number of other centrica people so 2025 is a year of significant progress building further on our journey to make centrica a stronger higher quality business building on the foundations that we've been laying for growth we're recycling capital from non-core assets investing in assets like size vlc grain lng and the meter asset provider assets that will both grow and stabilize our earnings profile eliminating downside risks we're adding long-term value and we're building future optionality 2025 showed our resilience and our further improved operational performance but it also had its challenges Conditions remain difficult for Centrica Energy throughout the year, as it did for many, many commodity traders. But I'm delighted with what the team delivered in 2025. But as always, I'm looking for more. And it's a mark of how far we've come that collectively we're not satisfied with £200 million of EBITDA from optimisation. We collectively were not satisfied with more than 11 pence EPS in a difficult year. because our expectations of what Centrica can deliver have fundamentally changed. Over the last five years we've invested £3 billion and we've returned around the same amount to shareholders including increasing the dividend by 22% this year. Balanced capital allocation reflecting our commitment to growing the business and to rewarding our owners, our shareholders. We've now bought back a quarter of the company since 2022 Thank you very much. and neither is our discipline if the projects don't stack up...