Pennon Group PLC
PNN
ISIN GB00BNNTLN49 / Valor 111961427
Pennon Group PLC
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About company
Pennon Group PLC is a leading UK water specialist company, listed on the FTSE 250, with a focus on providing clean water and wastewater services to a population of approximately 3.5 million in the Great South West region. The company also serves around 380,000 business customers across the UK through its subsidiary, Pennon Water Services Limited, which holds a 6% market share in water retail services for non-household customer accounts. Recently, Pennon Group acquired Bristol Water, further expanding its reach and gaining CMA clearance for the merger with South West Water. The company's strategic focus on integration and operational improvements aims to enhance service delivery and efficiency across its businesses.
Summarized from source with an LLMView SourceSector: EnergyLatest Results (11.10.2025):
Pennon Group PLC has reported its financial results for the full year ended 31 March 2025, demonstrating resilient operational performance despite a challenging year. The company has made significant strides in cost resetting, capital investment, and maintaining a strong balance sheet following a successful rights issue. While profitability was impacted due to increased investments, Pennon is poised for a return to profitability in the next fiscal year.
Revenue and EBITDA
Underlying revenue increased to £1,047.8 million from £907.8 million in the previous year, reflecting strong performance across the group. Underlying EBITDA slightly decreased to £335.6 million compared to £338.3 million, indicating stable operational efficiency despite cost pressures.
Profitability and Earnings
The company reported an underlying loss before tax of £35.1 million, compared to a profit of £16.8 million last year. Statutory loss before tax widened to £72.7 million from £9.1 million, with adjusted EPS declining to (10.3p) from 5.1p, and basic EPS dropping to (16.1p) from (2.9p).
Capital Expenditure and Investment
Pennon maintained a robust capital expenditure of £652.5 million, focusing on critical infrastructure projects such as building reservoirs and advancing net zero initiatives. This significant investment has led to increased finance costs, rising from £150.2 million to £184.4 million.
Operational Highlights
The company achieved a 14% reduction in internal sewer flooding and an 11% decrease in external sewer flooding. Investments in water resources have enhanced water availability, and Pennon Power has progressed its solar projects, contributing to sustainable energy goals.
Outlook
Pennon Group expects to return to profitability in the 2025/26 fiscal year, driven by increased revenue and a reset cost base. With a strong balance sheet and ongoing investments, the company is well-positioned to deliver long-term value and meet its ambitious £3.2 billion investment target by 2030.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
3125 M
Market cap (USD)
709,800
Daily traded volume (Shares)
5.96 / 5.755
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
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Dividend yield (p.a.)
Est dividend (USD)
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P/E ratio
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EPS (USD)
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Ratings & reviews
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