Pennon Group Non-GAAP EPS of 10.30p, revenue of £1.05B; initiates FY outlook

June 03, 2025 02:43 AM PDT | By EODHD

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Pennon Group Non-GAAP EPS of 10.30p, revenue of £1.05B; initiates FY outlook — Image source: Kalkine Media

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* Pennon Group Plc press release [https://www.pennon-group.co.uk/media/news/full-year-results-202425] (OTCPK:PEGRF [https://seekingalpha.com/symbol/PEGRF]): FY Non-GAAP EPS of 10.30p. * Revenue of £1.05B (+15.7% Y/Y). * Sector leading internal sewer flooding with a reduction in 2024/25 of 14% (68% over K7) and 11% in external sewer flooding in the year (20% over K7). * "At the end of K7 100% of our South West and Bristol customers now find their bill affordable with c.£124m support benefiting over 150,000 customers over K7, including innovative tariffs driving water efficiency and affordability." * OUTLOOK: * "We are well positioned for the future and stand ready to implement government legislation * As the only water company to have received an outstanding rating for our business plans for the 3rd consecutive time, we have a track record of setting and largely delivering on very stretching business plans. * The foundations are in place and we are out of the blocks – already working on over 1,000 deliverables, representing around 1/3 of our £3.2bn investment.

* For 2025/26, we are anticipating a return to profitability, with EBIDTA expected to increase by 2/3rds through increased revenue and a reset of the cost base. * Ultimately everyone will benefit from the investments we are making with a 34% growth in RCV over K8, as we drive efficiency and innovation as we build new reservoirs, fix storm overflows, power our net zero ambitions and deliver improved services for customers. * In targeting 7% RORE – we will be delivering for all – and sharing that performance with customers through WaterShare." MORE ON PENNON GROUP PLC * Historical earnings data for Pennon Group Plc [https://seekingalpha.com/symbol/PEGRY/earnings] * Dividend scorecard for Pennon Group Plc [https://seekingalpha.com/symbol/PEGRY/dividends/scorecard] * Financial information for Pennon Group Plc [https://seekingalpha.com/symbol/PEGRY/income-statement]

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