Business
Full Year Results 2025/26
Pennon Group plc reported a return to profitability for the full year ended March 31, 2026, with statutory profit before tax reaching £114.4 million, a significant improvement from the previous year's loss of £72.7 million. Revenue increased to £1,291.4 million, and underlying EBITDA rose by 55% to £519.2 million, driven by higher regulated water revenue and cost management efforts. The company invested £643.6 million in its AMP8 capital program, focusing on infrastructure improvements. Despite a net operational ODI penalty of £42.0 million due to extreme weather, Pennon saw a 34% reduction in pollutions and a 17% reduction in storm overflow use. The proposed final dividend is 20.03 pence per share, bringing the total for the year to 29.29 pence. Disclaimer*
About this update from Pennon Group Plc
[{"type":"text","content":"\n\n10 June 2026 \nPennon Group plc\nFull Year Results 2025/26\nPennon Group plc ('Pennon' or the 'Group') today announces its results for the full year ended 31 March 2026.\nKeith Haslett, Group Chief Executive Officer, commented:\n\"I am delighted to have started my tenure as Chief Executive at Pennon, at what is an important moment both for the Group and for the wider UK water sector.\nAs Pennon enters a new era under my leadership, it does so on the back of a return to profitability and the mobilisation of our AMP8 investment plan. However, it is clear that there is more work to do, and improving operational discipline and capital delivery will be important to meet the commitments we have made and the standards we aspire to achieve in the future.\nFocusing on operational excellence, driving a performance culture and delivering through technology and innovation will be my key priorities, to improve performance for our customers and the communities we serve.\"\n \nFINANCIAL PERFORMANCE\n\n\n\n\n \n\n\n2025/26\n\n\n2024/25\n\n\n\n\nRevenue\n\n\n£1,291.4m\n\n\n£1,047.8m\n\n\n\n\nUnderlying EBITDA^\n\n\n£519.2m\n\n\n£335.6m\n\n\n\n\nUnderlying profit/(loss) before tax^\n\n\n£135.1m\n\n\n(£35.1m)\n\n\n\n\nNon-underlying items before tax1^\n\n\n(£20.7m)\n\n\n(£37.6m)\n\n\n\n\nProfit/(loss) before tax - statutory\n\n\n£114.4m\n\n\n(£72.7m)\n\n\n\n\nProfit/(loss) after tax - statutory\n\n\n£92.6m\n\n\n(£56.8m)\n\n\n\n\nEarnings/(loss) per share\n\n\n \n\n\n\n\n\n\n\n Adjusted basic EPS^\n\n\n28.3p\n\n\n(10.3p)\n\n\n\n\n Basic EPS^\n\n\n19.4p\n\n\n(16.1p)\n\n\n\n\nDividend per share2\n\n\n29.29p\n\n\n31.57p\n\n\n\n\nCapital expenditure^\n\n\n£643.6m\n\n\n£652.5m\n\n\n\n\n\nFinancial highlights\n· Return to profitability in 2025/26, with statutory profit before tax of £114.4 million (2024/25: loss of £72.7 million)\n· 55% increase in underlying EBITDA as a result of increased revenues and a focus on cost management\n· Regulated water revenue up c.25% year-on-year, driven by the benefit of increased regulatory revenue allowances and higher consumption\n· A focused start to our AMP8 capital investment programme, with £643.6 million of capital investment across the ...