Pennon Group

Pennon Group reported an EBITDA increase of 55% in H2 2025/2026 and an adjusted operating profit that more than doubled to £326m. The company proposes a dividend of £0.2929 per share; the stock fell 2.23% in pre-market trading. For 2027 Pennon expects revenue to rise by £50–70m, EBITDA growth of 5–10%, and higher financing costs, depreciation and capital expenditure of £620–700m; weather, regulatory and environmental risks remain. » More on de.investing.com

For the year ending 31 March, Pennon reported a statutory pre-tax profit of £114.4m after a loss a year earlier, an adjusted EBITDA of £519.2m (+55%) and adjusted EPS of 28.3p (consensus 27p). The 2026/27 outlook implies adjusted EBITDA growth of only 5–10%; Morgan Stanley expects this to be below consensus for EBITDA and net income. Net interest costs are set to rise 10–15% due to financing investments of £620–700m, and a net penalty payment under the Operational Delivery Incentive remains. Additional charges stem from regulatory risks and fines and from pending judgments related to pollution at South West Water. » More on de.investing.com

Susan Davy will step down as planned on 31 December 2025. Until the designated CEO, Keith Haslett, takes office (no later than 30 June 2026), chairman David Sproul will assume the role of Executive Chair from 1 January 2026 and will be supported by an operational committee led by CFO Laura Flowerdew, together with Sarah Heald and Andrew Garard. Davy will remain available to assist with the handover to ensure continuity in implementing the five-year plan. » More on de.investing.com