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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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.