For H1 2025/26, the Board are recommending an interim dividend of 9.26 pence per share. Pennon Group
Other financial highlights include:
Strong return to profitability for H1 2025/26, with statutory profit before tax of £65.9 million (H1 2024/25: loss of £38.8 million)
Step change in underlying EBITDA as a result of disciplined cost management, with savings being released from the restructuring and efficiency programmes
Regulated water revenue up c.26% year on year, driven by tariff increases and higher demand over the hot summer months, net of reprofiled Final Determination revenue into 2026/27 customer bills
Continued efficient financing, with £300 million new bond issuances in South West Water demonstrating strong outperformance against the allowed cost of debt
On track for Return on Regulated Equity (RORE) of 7%, underpinned in 2025/26 by efficient financing, with efficiencies in capital programme offsetting other cost pressures
Strong start to their K8 capital investment programme, with £304.8 million of capital investment across the Group in H1 - in line with expectations, as programmes continue momentum from K7 run rate.
