Pennon Group Plc (PNN.L), Tuesday announced that its financial performance for full year 2025-26 is on track to deliver a robust return to profitability, with underlying profitability for the full year anticipated to be within the range of market expectations, albeit at the lower end.
Further, while announcing the company's trading update for the period from 30 September 2025 to 9 March 2026, it revealed year-on-year improvement in wastewater performance, Pollution Incident Reduction Plan, and storm overflow use.
EBITDA increased by approximately 55 percent year over year, despite weather-related cost pressures and higher expenses during the first year of the regulatory cycle.
The company also announced that Keith Haslett will join the business as Chief Executive Officer, effective 1 April 2026.
Currently, PNN is trading at 549.00 pence, up 2.52 percent on the London Stock Exchange.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.