AJ Patel
Analyst, Goldman Sachs
Replay available
Centrica plc (LSE: CNA) Q4 2025 earnings conference call, held 2026-02-19. Replay captured from the company's public earnings webcast.

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WEBVTT 00:00:00.091 -- 00:00:04.733 good to go good morning everybody it's brilliant to be here today and as usual i'm joined 00:00:04.733 -- 00:00:09.256 on the stage by our cfo and the new youtube sensation russell o'brien for those of you 00:00:09.256 -- 00:00:13.058 that watch this video no doubt our leadership team here in the front row and our chairman 00:00:13.058 -- 00:00:18.601 here's a number of other centrica people so 2025 is a year of significant progress 00:00:18.601 -- 00:00:23.583 building further on our journey to make centrica a stronger higher quality business building 00:00:23.583 -- 00:00:26.565 on the foundations that we've been laying for growth 00:00:26.565 -- 00:00:31.950 we're recycling capital from non-core assets investing in assets like size vlc 00:00:31.950 -- 00:00:37.232 grain lng and the meter asset provider assets that will both grow 00:00:37.232 -- 00:00:41.793 and stabilize our earnings profile eliminating downside risks 00:00:41.793 -- 00:00:47.154 we're adding long-term value and we're building future optionality 00:00:47.355 -- 00:00:52.537 2025 showed our resilience and our further improved operational performance but it also 00:00:52.537 -- 00:00:57.239 had its challenges Conditions remain difficult for Centrica Energy throughout the year, 00:00:57.239 -- 00:01:00.522 as it did for many, many commodity traders. 00:01:00.522 -- 00:01:04.044 But I'm delighted with what the team delivered in 2025. 00:01:04.044 -- 00:01:09.068 But as always, I'm looking for more. And it's a mark of how far we've come that collectively 00:01:09.068 -- 00:01:14.171 we're not satisfied with £200 million of EBITDA from optimisation. 00:01:14.171 -- 00:01:19.355 We collectively were not satisfied with more than 11 pence EPS in a difficult 00:01:19.355 ...