United Utilities Group PLC

Latest Results (20.12.2024):

Revenue Growth

In the 2024/25 half-year results, United Utilities Group PLC reported a revenue of £1,082 million for the six-month period ending 30 September 2024. This represents a 10.9% increase compared to the same period in 2023, where the revenue was £975.4 million. The growth in revenue reflects the company's strong operational performance and strategic initiatives.

Operating Profit

United Utilities Group PLC's underlying operating profit for the first half of the 2024/25 financial year was £336 million, compared to £271.1 million in the previous year, marking a 23.8% increase. The reported operating profit was slightly lower at £333.4 million, indicating a robust financial performance for the period.

Earnings Per Share

The company reported an underlying earnings per share (EPS) of 26.8 pence for the half-year ending 30 September 2024, which is a significant increase from the 13.2 pence reported in the same period of 2023. The reported EPS was 15.1 pence, reflecting the company's improved profitability and financial health.

Dividend and Capital Expenditure

United Utilities Group PLC declared an interim dividend of 17.28 pence per share for the first half of the 2024/25 financial year, in line with its dividend policy. The company also reported a net regulatory capital expenditure of £466.9 million, up from £371.8 million in the previous year, indicating continued investment in infrastructure and growth initiatives.

Financial Outlook

Looking ahead, United Utilities Group PLC has narrowed its capital expenditure guidance to a range of £950 million to £1.1 billion for the full year. The company aims to maintain its gearing within the target range of 55-65% and expects a return on regulatory equity (RoRE) of 6-8%. The financial outlook remains positive, supported by strong liquidity and strategic investment plans.