Pennon Group plc (PNN.L), a water utility company, announced that its financial performance for the full year 2025/26 remains on track for a return to profitability.
In its trading update for the period from 1 April to 25 September 2025, the company noted that high demand for clean water over the summer due to hot weather has been more than offset in revenues by increased meter optants and tariff profiling to smooth customer bills, deferring revenue into 2026/27. The hot weather also led to higher operational costs to meet increased demand and manage pressure on the networks.
Despite this, the company has returned to profitability, with EBITDA expected to rise by approximately 60% year-on-year, net of deferred revenue. Pennon remains on track to achieve its 7% RORE target, supported by efficient financing costs and capital programme efficiencies that are more than offsetting other cost pressures.
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